Marcan: 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.
What changed
Marcan
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€249,450
2024 · €498,297-€248,848
Equity
€1.5m
2024 · €1.3m+€249,450
Cash
€1.2m
2024 · €1.2m-€24,922
Balance sheet total
€2.3m
2024 · €3.4m-€1.1m
Largest movements
Assets
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Tangible fixed assets -€114,829
down €114,829 (-17.8%), from €644,287 to €529,458
Equity and liabilities
- Other debts -€1.4m
down €1.4m (-100.0%), from €1.4m to €0
- Reserves +€249,450
up €249,450 (+20.2%), from €1.2m to €1.5m
of which Distributable reserves: +€249,450
Income statement
- Staff costs +€140,627
up €140,627 (+26.1%), from €538,142 to €678,768
- Financial income -€128,783
down €128,783 (-57.2%), from €225,201 to €96,418
- Gross operating margin +€97,876
up €97,876 (+9.3%), from €1.1m to €1.1m
- Financial charges +€56,504
up €56,504 (+649.3%), from €8,702 to €65,206
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.
Result 2024
€498,297
Gross operating margin
+€97,876
Staff costs
-€140,627
Depreciation
-€7,404
Other operating charges
-€2,541
Financial income
-€128,783
Financial charges
-€56,504
Taxes
-€10,864
Result 2025
€249,450
Cash bridge derived
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.
From operations
-€1.0m
Investment
+€1.0m
Financing
€0
Cash 2024
€1.2m
From operations (derived)
-€1.0m
Net result for the year
+€249,450
Depreciation
+€116,201
Stocks and contracts
-€8,471
Receivables within one year
-€7,338
Smaller working-capital items
-€680
Trade debts
-€18,273
Tax, wage and social debts
+€8,486
Other debts
-€1.4m
Investment (derived)
+€1.0m
Investment in fixed assets (net)
-€1,372
Current investments
+€1.0m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,425,447 | €2,289,422 | -€1.1m | -33.2% |
| Fixed assets | 21/28 | €644,336 | €529,508 | -€114,829 | -17.8% |
| Tangible fixed assets | 22/27 | €644,287 | €529,458 | -€114,829 | -17.8% |
| Land and buildings | 22 | €439,089 | €397,852 | -€41,237 | -9.4% |
| Plant, machinery and equipment | 23 | €150,316 | €100,632 | -€49,684 | -33.1% |
| Furniture and vehicles | 24 | €54,882 | €30,974 | -€23,908 | -43.6% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €2,781,111 | €1,759,914 | -€1.0m | -36.7% |
| Stocks and contracts in progress | 3 | €363,801 | €372,273 | +€8,471 | +2.3% |
| Stocks | 30/36 | €363,801 | €372,273 | +€8,471 | +2.3% |
| Amounts receivable within one year | 40/41 | €171,672 | €179,010 | +€7,338 | +4.3% |
| Trade receivables | 40 | €76,570 | €84,828 | +€8,258 | +10.8% |
| Other amounts receivable | 41 | €95,102 | €94,182 | -€920 | -1.0% |
| Current investments | 50/53 | €1,011,635 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,227,849 | €1,202,927 | -€24,922 | -2.0% |
| Deferred charges and accrued income | 490/1 | €6,154 | €5,705 | -€449 | -7.3% |
| Total equity and liabilities | 10/49 | €3,425,447 | €2,289,422 | -€1.1m | -33.2% |
| Equity | 10/15 | €1,298,540 | €1,547,990 | +€249,450 | +19.2% |
| 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 | €1,236,540 | €1,485,990 | +€249,450 | +20.2% |
| Non-distributable reserves | 130/1 | €53,540 | €53,540 | = | 0.0% |
| Legal reserve | 130 | €53,540 | €53,540 | = | 0.0% |
| Distributable reserves | 133 | €1,183,000 | €1,432,450 | +€249,450 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,126,907 | €741,432 | -€1.4m | -65.1% |
| Amounts payable within one year | 42/48 | €2,125,258 | €740,913 | -€1.4m | -65.1% |
| Trade debts | 44 | €660,549 | €642,276 | -€18,273 | -2.8% |
| Suppliers | 440/4 | €660,549 | €642,276 | -€18,273 | -2.8% |
| Taxes, remuneration and social security | 45 | €90,151 | €98,637 | +€8,486 | +9.4% |
| Taxes | 450/3 | €14,618 | €15,669 | +€1,051 | +7.2% |
| Remuneration and social security | 454/9 | €75,533 | €82,968 | +€7,435 | +9.8% |
| Other amounts payable | 47/48 | €1,374,559 | €0 | -€1.4m | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,649 | €520 | -€1,129 | -68.5% |
| Remuneration, social security and pensions | 62 | €538,142 | €678,768 | +€140,627 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,796 | €116,201 | +€7,404 | +6.8% |
| Other operating charges | 640/8 | €16,352 | €18,894 | +€2,541 | +15.5% |
| Gross operating margin | 9900 | €1,051,480 | €1,149,356 | +€97,876 | +9.3% |
| Operating profit (loss) | 9901 | €388,189 | €335,493 | -€52,697 | -13.6% |
| Financial income | 75/76B | €225,201 | €96,418 | -€128,783 | -57.2% |
| Recurring financial income | 75 | €225,201 | €96,418 | -€128,783 | -57.2% |
| Financial charges | 65/66B | €8,702 | €65,206 | +€56,504 | +649.3% |
| Recurring financial charges | 65 | €8,702 | €65,206 | +€56,504 | +649.3% |
| Profit (loss) for the period before taxes | 9903 | €604,689 | €366,705 | -€237,984 | -39.4% |
| Income taxes | 67/77 | €106,391 | €117,255 | +€10,864 | +10.2% |
| Profit (loss) for the period | 9904 | €498,297 | €249,450 | -€248,848 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €498,297 | €249,450 | -€248,848 | -49.9% |
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 10 October 2026 via checked.be.