LA MARQUISE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LA MARQUISE
Largest movements
- Cash -€43,622
down €43,622 (-12.7%), from €344,757 to €301,136
mainly Trade debts (-€50,049) and Receivables within one year (-€3,764)
- Trade debts -€50,049
down €50,049 (-97.2%), from €51,514 to €1,465
- Other debts +€4,865
up €4,865 (+14,331%), from €34 to €4,899
- Tax, wage and social debts +€4,612
up €4,612 (+37.1%), from €12,419 to €17,031
- Financial income -€125,232
down €125,232 (-97.1%), from €129,028 to €3,796
of which Non-recurring financial income: -€127,118
- Gross operating margin +€34,102
up €34,102, from -€30,898 to €3,203
- Staff costs -€15,428
no longer reported in 2025 (was €15,428)
- Taxes -€11,478
down €11,478 (-94.2%), from €12,189 to €711
- Other operating charges -€2,063
down €2,063 (-40.5%), from €5,093 to €3,029
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,184 | €373,487 | -€40,697 | -9.8% |
| Fixed assets | 21/28 | €10,891 | €8,192 | -€2,699 | -24.8% |
| Tangible fixed assets | 22/27 | €10,891 | €8,192 | -€2,699 | -24.8% |
| Land and buildings | 22 | €6,114 | €4,718 | -€1,396 | -22.8% |
| Plant, machinery and equipment | 23 | €228 | €139 | -€89 | -39.0% |
| Furniture and vehicles | 24 | €4,549 | €3,335 | -€1,214 | -26.7% |
| Current assets | 29/58 | €403,293 | €365,295 | -€37,998 | -9.4% |
| Stocks and contracts in progress | 3 | €43,991 | €45,851 | +€1,860 | +4.2% |
| Stocks | 30/36 | €43,991 | €45,851 | +€1,860 | +4.2% |
| Amounts receivable within one year | 40/41 | €14,545 | €18,309 | +€3,764 | +25.9% |
| Trade receivables | 40 | €14,545 | €18,309 | +€3,764 | +25.9% |
| Cash at bank and in hand | 54/58 | €344,757 | €301,136 | -€43,622 | -12.7% |
| Total equity and liabilities | 10/49 | €414,184 | €373,487 | -€40,697 | -9.8% |
| Equity | 10/15 | €350,217 | €350,092 | -€125 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €171,020 | €171,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €164,820 | €164,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,197 | €117,072 | -€125 | -0.1% |
| Amounts payable | 17/49 | €63,967 | €23,395 | -€40,572 | -63.4% |
| Amounts payable within one year | 42/48 | €63,967 | €23,395 | -€40,572 | -63.4% |
| Trade debts | 44 | €51,514 | €1,465 | -€50,049 | -97.2% |
| Suppliers | 440/4 | €51,514 | €1,465 | -€50,049 | -97.2% |
| Taxes, remuneration and social security | 45 | €12,419 | €17,031 | +€4,612 | +37.1% |
| Taxes | 450/3 | €12,419 | €17,031 | +€4,612 | +37.1% |
| Other amounts payable | 47/48 | €34 | €4,899 | +€4,865 | +14,331% |
| Remuneration, social security and pensions | 62 | €15,428 | - | -€15,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,607 | €3,216 | +€610 | +23.4% |
| Other operating charges | 640/8 | €5,093 | €3,029 | -€2,063 | -40.5% |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | -€30,898 | €3,203 | +€34,102 | |
| Operating profit (loss) | 9901 | -€54,025 | -€3,048 | +€50,978 | +94.4% |
| Financial income | 75/76B | €129,028 | €3,796 | -€125,232 | -97.1% |
| Recurring financial income | 75 | €689 | €2,575 | +€1,886 | +274% |
| Non-recurring financial income | 76B | €128,339 | €1,221 | -€127,118 | -99.0% |
| Financial charges | 65/66B | €111 | €162 | +€52 | +46.7% |
| Recurring financial charges | 65 | €111 | €162 | +€52 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €74,892 | €586 | -€74,306 | -99.2% |
| Income taxes | 67/77 | €12,189 | €711 | -€11,478 | -94.2% |
| Profit (loss) for the period | 9904 | €62,704 | -€125 | -€62,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,704 | -€125 | -€62,829 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.