Marcand: 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.
Marcand
Largest movements
- Receivables within one year -€8,107
down €8,107 (-24.6%), from €32,890 to €24,783
of which Other amounts receivable: -€4,799
- Cash +€4,679
up €4,679 (+60.0%), from €7,799 to €12,478
mainly Receivables within one year (+€8,107) and Trade debts (+€5,383)
- Intangible fixed assets +€4,008
new in 2025: €4,008
- Profit (loss) carried forward -€8,795
down €8,795 (-32.8%), from €26,849 to €18,054
- Trade debts +€5,383
up €5,383 (+1184.4%), from €454 to €5,837
- Current portion of long-term debt +€4,822
up €4,822 (+86.6%), from €5,566 to €10,389
- Debts after one year -€589
down €589 (-100.0%), from €589 to €0
- Taxes +€1,862
up €1,862 (+59.5%), from €3,131 to €4,992
- Gross operating margin -€1,215
down €1,215 (-10.2%), from €11,861 to €10,646
- Other operating charges +€134
up €134 (+10.7%), from €1,256 to €1,390
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,873 | €42,279 | +€406 | +1.0% |
| Fixed assets | 21/28 | €1,184 | €5,019 | +€3,834 | +323.8% |
| Intangible fixed assets | 21 | - | €4,008 | +€4,008 | |
| Tangible fixed assets | 22/27 | €1,184 | €1,011 | -€173 | -14.6% |
| Furniture and vehicles | 24 | €1,184 | €1,011 | -€173 | -14.6% |
| Current assets | 29/58 | €40,689 | €37,261 | -€3,428 | -8.4% |
| Amounts receivable within one year | 40/41 | €32,890 | €24,783 | -€8,107 | -24.6% |
| Trade receivables | 40 | €25,786 | €22,478 | -€3,308 | -12.8% |
| Other amounts receivable | 41 | €7,104 | €2,305 | -€4,799 | -67.6% |
| Cash at bank and in hand | 54/58 | €7,799 | €12,478 | +€4,679 | +60.0% |
| Total equity and liabilities | 10/49 | €41,873 | €42,279 | +€406 | +1.0% |
| Equity | 10/15 | €28,849 | €20,054 | -€8,795 | -30.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,849 | €18,054 | -€8,795 | -32.8% |
| Amounts payable | 17/49 | €13,024 | €22,225 | +€9,201 | +70.7% |
| Amounts payable after more than one year | 17 | €589 | €0 | -€589 | -100.0% |
| Financial debts | 170/4 | €589 | €0 | -€589 | -100.0% |
| Amounts payable within one year | 42/48 | €12,435 | €22,225 | +€9,790 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €5,566 | €10,389 | +€4,822 | +86.6% |
| Financial debts | 43 | €164 | €491 | +€327 | +199.6% |
| Credit institutions | 430/8 | €164 | €491 | +€327 | +199.6% |
| Trade debts | 44 | €454 | €5,837 | +€5,383 | +1184.4% |
| Suppliers | 440/4 | €454 | €5,837 | +€5,383 | +1184.4% |
| Taxes, remuneration and social security | 45 | €5,927 | €5,509 | -€418 | -7.1% |
| Taxes | 450/3 | €5,927 | €5,509 | -€418 | -7.1% |
| Other amounts payable | 47/48 | €324 | €0 | -€324 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,292 | €1,217 | -€75 | -5.8% |
| Other operating charges | 640/8 | €1,256 | €1,390 | +€134 | +10.7% |
| Gross operating margin | 9900 | €11,861 | €10,646 | -€1,215 | -10.2% |
| Operating profit (loss) | 9901 | €9,313 | €8,040 | -€1,274 | -13.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3700.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3700.0% |
| Financial charges | 65/66B | €1,027 | €1,099 | +€71 | +6.9% |
| Recurring financial charges | 65 | €1,027 | €1,099 | +€71 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €8,286 | €6,943 | -€1,343 | -16.2% |
| Income taxes | 67/77 | €3,131 | €4,992 | +€1,862 | +59.5% |
| Profit (loss) for the period | 9904 | €5,156 | €1,951 | -€3,204 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,156 | €1,951 | -€3,204 | -62.2% |
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 11 October 2026 via checked.be.