MAISON MARCHAL: 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.
MAISON MARCHAL
Largest movements
- Receivables within one year -€16,347
down €16,347 (-28.0%), from €58,486 to €42,139
of which Trade receivables: -€13,347
- Tangible fixed assets -€12,556
down €12,556 (-23.8%), from €52,783 to €40,227
of which Plant, machinery and equipment: -€10,835
- Stocks and contracts +€6,686
up €6,686 (+9.0%), from €74,063 to €80,750
- Profit (loss) carried forward -€12,478
down €12,478 (-132%), from -€9,454 to -€21,931
- Debts after one year -€6,406
down €6,406 (-28.4%), from €22,563 to €16,157
- Other debts -€5,637
down €5,637 (-9.2%), from €61,402 to €55,766
- Trade debts +€4,235
up €4,235 (+19.8%), from €21,429 to €25,664
- Tax, wage and social debts -€3,566
down €3,566 (-16.7%), from €21,338 to €17,771
of which Taxes: -€4,747
- Gross operating margin -€11,388
down €11,388 (-19.3%), from €58,918 to €47,530
- Staff costs +€6,430
up €6,430 (+20.4%), from €31,563 to €37,992
- Other operating charges -€2,429
down €2,429 (-28.6%), from €8,491 to €6,062
- Financial charges -€2,323
down €2,323 (-37.4%), from €6,214 to €3,891
- Depreciation +€1,219
up €1,219 (+10.4%), from €11,749 to €12,968
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 | €218,648 | €195,095 | -€23,553 | -10.8% |
| Fixed assets | 21/28 | €52,783 | €40,227 | -€12,556 | -23.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €52,783 | €40,227 | -€12,556 | -23.8% |
| Plant, machinery and equipment | 23 | €38,695 | €27,860 | -€10,835 | -28.0% |
| Furniture and vehicles | 24 | €2,469 | €2,179 | -€289 | -11.7% |
| Other tangible fixed assets | 26 | €11,620 | €10,188 | -€1,432 | -12.3% |
| Current assets | 29/58 | €165,865 | €154,868 | -€10,997 | -6.6% |
| Stocks and contracts in progress | 3 | €74,063 | €80,750 | +€6,686 | +9.0% |
| Stocks | 30/36 | €74,063 | €80,750 | +€6,686 | +9.0% |
| Amounts receivable within one year | 40/41 | €58,486 | €42,139 | -€16,347 | -28.0% |
| Trade receivables | 40 | €52,486 | €39,139 | -€13,347 | -25.4% |
| Other amounts receivable | 41 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €32,176 | €30,774 | -€1,402 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,140 | €1,206 | +€66 | +5.8% |
| Total equity and liabilities | 10/49 | €218,648 | €195,095 | -€23,553 | -10.8% |
| Equity | 10/15 | €84,801 | €72,323 | -€12,478 | -14.7% |
| Contributions | 10/11 | €32,494 | €32,494 | = | 0.0% |
| Reserves | 13 | €61,760 | €61,760 | = | 0.0% |
| Distributable reserves | 133 | €61,760 | €61,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,454 | -€21,931 | -€12,478 | -132% |
| Amounts payable | 17/49 | €133,847 | €122,772 | -€11,075 | -8.3% |
| Amounts payable after more than one year | 17 | €22,563 | €16,157 | -€6,406 | -28.4% |
| Financial debts | 170/4 | €22,563 | €16,157 | -€6,406 | -28.4% |
| Amounts payable within one year | 42/48 | €111,284 | €106,615 | -€4,669 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €7,115 | €7,414 | +€299 | +4.2% |
| Trade debts | 44 | €21,429 | €25,664 | +€4,235 | +19.8% |
| Suppliers | 440/4 | €21,429 | €25,664 | +€4,235 | +19.8% |
| Taxes, remuneration and social security | 45 | €21,338 | €17,771 | -€3,566 | -16.7% |
| Taxes | 450/3 | €20,042 | €15,295 | -€4,747 | -23.7% |
| Remuneration and social security | 454/9 | €1,296 | €2,477 | +€1,181 | +91.1% |
| Other amounts payable | 47/48 | €61,402 | €55,766 | -€5,637 | -9.2% |
| Non-recurring operating income | 76A | €1,300 | - | -€1,300 | |
| Remuneration, social security and pensions | 62 | €31,563 | €37,992 | +€6,430 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,749 | €12,968 | +€1,219 | +10.4% |
| Other operating charges | 640/8 | €8,491 | €6,062 | -€2,429 | -28.6% |
| Gross operating margin | 9900 | €58,918 | €47,530 | -€11,388 | -19.3% |
| Operating profit (loss) | 9901 | €7,116 | -€9,492 | -€16,608 | |
| Financial income | 75/76B | €1,124 | €906 | -€218 | -19.4% |
| Recurring financial income | 75 | €1,124 | €906 | -€218 | -19.4% |
| Financial charges | 65/66B | €6,214 | €3,891 | -€2,323 | -37.4% |
| Recurring financial charges | 65 | €6,214 | €3,891 | -€2,323 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €2,026 | -€12,478 | -€14,504 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €2,026 | -€12,478 | -€14,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,026 | -€12,478 | -€14,504 |
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 25 October 2026 via checked.be.