MARBRERIE LESAFFRE: 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.
MARBRERIE LESAFFRE
Largest movements
- Current investments +€151,782
up €151,782 (+101%), from €149,716 to €301,498
- Receivables within one year -€91,400
down €91,400 (-32.1%), from €284,746 to €193,347
of which Trade receivables: -€91,116
- Cash -€79,013
down €79,013 (-29.8%), from €264,967 to €185,955
mainly Current investments (-€151,782) and Stocks and contracts (-€18,074)
- Stocks and contracts +€18,074
up €18,074 (+9.7%), from €185,815 to €203,889
- Tangible fixed assets -€10,079
down €10,079 (-15.1%), from €66,702 to €56,623
of which Plant, machinery and equipment: -€8,481
- Current portion of long-term debt -€16,219
down €16,219 (-13.1%), from €123,634 to €107,415
- Staff costs +€41,640
up €41,640 (+22.3%), from €186,681 to €228,321
- Other operating charges -€16,725
down €16,725 (-53.8%), from €31,095 to €14,370
- Gross operating margin +€15,206
up €15,206 (+6.2%), from €245,066 to €260,273
- Financial income -€3,655
down €3,655 (-43.6%), from €8,385 to €4,730
of which Non-recurring financial income: -€5,785
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 | €960,726 | €950,917 | -€9,809 | -1.0% |
| Fixed assets | 21/28 | €66,702 | €56,623 | -€10,079 | -15.1% |
| Tangible fixed assets | 22/27 | €66,702 | €56,623 | -€10,079 | -15.1% |
| Land and buildings | 22 | €34,707 | €37,845 | +€3,139 | +9.0% |
| Plant, machinery and equipment | 23 | €15,927 | €7,446 | -€8,481 | -53.2% |
| Furniture and vehicles | 24 | €16,068 | €11,331 | -€4,737 | -29.5% |
| Current assets | 29/58 | €894,024 | €894,294 | +€270 | 0.0% |
| Stocks and contracts in progress | 3 | €185,815 | €203,889 | +€18,074 | +9.7% |
| Stocks | 30/36 | €185,815 | €203,889 | +€18,074 | +9.7% |
| Amounts receivable within one year | 40/41 | €284,746 | €193,347 | -€91,400 | -32.1% |
| Trade receivables | 40 | €250,328 | €159,212 | -€91,116 | -36.4% |
| Other amounts receivable | 41 | €34,418 | €34,134 | -€284 | -0.8% |
| Current investments | 50/53 | €149,716 | €301,498 | +€151,782 | +101% |
| Cash at bank and in hand | 54/58 | €264,967 | €185,955 | -€79,013 | -29.8% |
| Deferred charges and accrued income | 490/1 | €8,779 | €9,605 | +€826 | +9.4% |
| Total equity and liabilities | 10/49 | €960,726 | €950,917 | -€9,809 | -1.0% |
| Equity | 10/15 | €803,399 | €806,491 | +€3,091 | +0.4% |
| 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 | €139,086 | €142,178 | +€3,091 | +2.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €76,636 | €79,728 | +€3,091 | +4.0% |
| Profit (loss) carried forward | 14 | €602,313 | €602,313 | = | 0.0% |
| Amounts payable | 17/49 | €157,327 | €144,427 | -€12,900 | -8.2% |
| Amounts payable within one year | 42/48 | €155,649 | €141,896 | -€13,752 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €123,634 | €107,415 | -€16,219 | -13.1% |
| Trade debts | 44 | €9,177 | €16,622 | +€7,445 | +81.1% |
| Suppliers | 440/4 | €9,177 | €16,622 | +€7,445 | +81.1% |
| Taxes, remuneration and social security | 45 | €22,838 | €17,859 | -€4,979 | -21.8% |
| Taxes | 450/3 | €7,704 | €8,738 | +€1,034 | +13.4% |
| Remuneration and social security | 454/9 | €15,134 | €9,121 | -€6,013 | -39.7% |
| Accrued charges and deferred income | 492/3 | €1,678 | €2,530 | +€852 | +50.8% |
| Remuneration, social security and pensions | 62 | €186,681 | €228,321 | +€41,640 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,470 | €17,975 | -€495 | -2.7% |
| Other operating charges | 640/8 | €31,095 | €14,370 | -€16,725 | -53.8% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €245,066 | €260,273 | +€15,206 | +6.2% |
| Operating profit (loss) | 9901 | €8,770 | -€393 | -€9,163 | |
| Financial income | 75/76B | €8,385 | €4,730 | -€3,655 | -43.6% |
| Recurring financial income | 75 | €2,600 | €4,730 | +€2,130 | +81.9% |
| Non-recurring financial income | 76B | €5,785 | - | -€5,785 | |
| Financial charges | 65/66B | €1,290 | €1,245 | -€45 | -3.5% |
| Recurring financial charges | 65 | €1,290 | €1,245 | -€45 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €15,865 | €3,091 | -€12,774 | -80.5% |
| Profit (loss) for the period | 9904 | €15,865 | €3,091 | -€12,774 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,865 | €3,091 | -€12,774 | -80.5% |
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 29 October 2026 via checked.be.