LES MARGUERITES: 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.
LES MARGUERITES
Largest movements
- Receivables within one year +€46,454
up €46,454 (+22.3%), from €208,205 to €254,659
of which Other amounts receivable: +€29,704
- Cash -€9,338
down €9,338 (-10.5%), from €88,593 to €79,255
mainly Receivables within one year (-€46,454) and Tax, wage and social debts (-€6,802)
- Tangible fixed assets -€6,308
down €6,308 (-28.5%), from €22,141 to €15,833
of which Plant, machinery and equipment: -€4,268
- Reserves +€27,944
up €27,944 (+19.1%), from €146,069 to €174,014
- Trade debts +€7,528
up €7,528 (+119%), from €6,341 to €13,869
- Tax, wage and social debts -€6,802
down €6,802 (-23.5%), from €28,962 to €22,160
of which Taxes: -€9,389
- Gross operating margin -€22,823
down €22,823 (-23.2%), from €98,444 to €75,621
- Taxes -€9,289
down €9,289 (-35.7%), from €26,040 to €16,751
- Financial income -€5,093
down €5,093 (-34.7%), from €14,691 to €9,598
- Staff costs +€3,785
up €3,785 (+20.1%), from €18,869 to €22,654
- Depreciation -€3,072
down €3,072 (-27.8%), from €11,069 to €7,997
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 | €331,600 | €361,640 | +€30,040 | +9.1% |
| Fixed assets | 21/28 | €29,018 | €21,021 | -€7,997 | -27.6% |
| Intangible fixed assets | 21 | €6,277 | €4,588 | -€1,689 | -26.9% |
| Tangible fixed assets | 22/27 | €22,141 | €15,833 | -€6,308 | -28.5% |
| Plant, machinery and equipment | 23 | €11,234 | €6,966 | -€4,268 | -38.0% |
| Furniture and vehicles | 24 | €1,760 | €1,153 | -€606 | -34.5% |
| Other tangible fixed assets | 26 | €9,148 | €7,714 | -€1,434 | -15.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €302,582 | €340,619 | +€38,037 | +12.6% |
| Amounts receivable within one year | 40/41 | €208,205 | €254,659 | +€46,454 | +22.3% |
| Trade receivables | 40 | €46,325 | €63,075 | +€16,750 | +36.2% |
| Other amounts receivable | 41 | €161,880 | €191,584 | +€29,704 | +18.3% |
| Cash at bank and in hand | 54/58 | €88,593 | €79,255 | -€9,338 | -10.5% |
| Deferred charges and accrued income | 490/1 | €5,784 | €6,705 | +€921 | +15.9% |
| Total equity and liabilities | 10/49 | €331,600 | €361,640 | +€30,040 | +9.1% |
| Equity | 10/15 | €208,069 | €236,014 | +€27,944 | +13.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €146,069 | €174,014 | +€27,944 | +19.1% |
| Distributable reserves | 133 | €146,069 | €174,014 | +€27,944 | +19.1% |
| Amounts payable | 17/49 | €123,531 | €125,627 | +€2,096 | +1.7% |
| Amounts payable within one year | 42/48 | €123,531 | €125,627 | +€2,096 | +1.7% |
| Trade debts | 44 | €6,341 | €13,869 | +€7,528 | +119% |
| Suppliers | 440/4 | €6,341 | €13,869 | +€7,528 | +119% |
| Taxes, remuneration and social security | 45 | €28,962 | €22,160 | -€6,802 | -23.5% |
| Taxes | 450/3 | €26,500 | €17,112 | -€9,389 | -35.4% |
| Remuneration and social security | 454/9 | €2,462 | €5,048 | +€2,586 | +105% |
| Other amounts payable | 47/48 | €88,227 | €89,597 | +€1,370 | +1.6% |
| Remuneration, social security and pensions | 62 | €18,869 | €22,654 | +€3,785 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,069 | €7,997 | -€3,072 | -27.8% |
| Other operating charges | 640/8 | €3,516 | €5,018 | +€1,502 | +42.7% |
| Gross operating margin | 9900 | €98,444 | €75,621 | -€22,823 | -23.2% |
| Operating profit (loss) | 9901 | €64,990 | €39,953 | -€25,037 | -38.5% |
| Financial income | 75/76B | €14,691 | €9,598 | -€5,093 | -34.7% |
| Recurring financial income | 75 | €14,691 | €9,598 | -€5,093 | -34.7% |
| Financial charges | 65/66B | €4,005 | €4,856 | +€851 | +21.2% |
| Recurring financial charges | 65 | €4,005 | €4,856 | +€851 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €75,676 | €44,695 | -€30,981 | -40.9% |
| Income taxes | 67/77 | €26,040 | €16,751 | -€9,289 | -35.7% |
| Profit (loss) for the period | 9904 | €49,636 | €27,944 | -€21,692 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,636 | €27,944 | -€21,692 | -43.7% |
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 1 November 2026 via checked.be.