Marceau: 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.
Marceau
Largest movements
- Tangible fixed assets -€31,660
down €31,660 (-26.1%), from €121,398 to €89,738
of which Furniture and vehicles: -€27,198
- Cash +€12,760
up €12,760 (+85.1%), from €14,989 to €27,749
mainly Depreciation (+€40,011) and Net result for the year (+€14,904)
- Receivables within one year +€1,567
up €1,567 (+200.8%), from €780 to €2,347
- Current portion of long-term debt -€20,668
down €20,668 (-61.4%), from €33,666 to €12,998
- Profit (loss) carried forward +€14,904
new in 2025: €14,904
- Debts after one year -€6,267
down €6,267 (-29.1%), from €21,503 to €15,235
- Other debts -€3,975
down €3,975 (-12.4%), from €32,048 to €28,073
- Trade debts +€3,044
up €3,044 (+46.1%), from €6,608 to €9,652
- Gross operating margin +€14,217
up €14,217 (+23.0%), from €61,787 to €76,004
- Staff costs +€4,635
up €4,635 (+58.1%), from €7,972 to €12,607
- Depreciation +€1,757
up €1,757 (+4.6%), from €38,254 to €40,011
- Financial charges -€1,103
down €1,103 (-27.8%), from €3,965 to €2,862
- Taxes +€922
up €922 (+24.5%), from €3,756 to €4,677
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 | €137,298 | €120,923 | -€16,375 | -11.9% |
| Fixed assets | 21/28 | €121,528 | €89,868 | -€31,660 | -26.1% |
| Tangible fixed assets | 22/27 | €121,398 | €89,738 | -€31,660 | -26.1% |
| Land and buildings | 22 | €26,994 | €24,832 | -€2,162 | -8.0% |
| Plant, machinery and equipment | 23 | €27,669 | €25,368 | -€2,300 | -8.3% |
| Furniture and vehicles | 24 | €66,735 | €39,537 | -€27,198 | -40.8% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €15,770 | €31,055 | +€15,285 | +96.9% |
| Amounts receivable within one year | 40/41 | €780 | €2,347 | +€1,567 | +200.8% |
| Other amounts receivable | 41 | €780 | €2,347 | +€1,567 | +200.8% |
| Cash at bank and in hand | 54/58 | €14,989 | €27,749 | +€12,760 | +85.1% |
| Deferred charges and accrued income | 490/1 | - | €958 | +€958 | |
| Total equity and liabilities | 10/49 | €137,298 | €120,923 | -€16,375 | -11.9% |
| Equity | 10/15 | €37,387 | €52,292 | +€14,904 | +39.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,387 | €36,387 | = | 0.0% |
| Distributable reserves | 133 | €36,387 | €36,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,904 | +€14,904 | |
| Amounts payable | 17/49 | €99,911 | €68,631 | -€31,280 | -31.3% |
| Amounts payable after more than one year | 17 | €21,503 | €15,235 | -€6,267 | -29.1% |
| Financial debts | 170/4 | €21,503 | €15,235 | -€6,267 | -29.1% |
| Amounts payable within one year | 42/48 | €78,408 | €53,396 | -€25,012 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €33,666 | €12,998 | -€20,668 | -61.4% |
| Financial debts | 43 | €2,309 | €0 | -€2,309 | -100.0% |
| Credit institutions | 430/8 | €2,309 | €0 | -€2,309 | -100.0% |
| Trade debts | 44 | €6,608 | €9,652 | +€3,044 | +46.1% |
| Suppliers | 440/4 | €6,608 | €9,652 | +€3,044 | +46.1% |
| Advances received on contracts in progress | 46 | - | €37 | +€37 | |
| Taxes, remuneration and social security | 45 | €3,777 | €2,635 | -€1,142 | -30.2% |
| Taxes | 450/3 | €1,087 | €0 | -€1,087 | -100.0% |
| Remuneration and social security | 454/9 | €2,690 | €2,635 | -€55 | -2.0% |
| Other amounts payable | 47/48 | €32,048 | €28,073 | -€3,975 | -12.4% |
| Non-recurring operating income | 76A | - | €9,174 | +€9,174 | |
| Remuneration, social security and pensions | 62 | €7,972 | €12,607 | +€4,635 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,254 | €40,011 | +€1,757 | +4.6% |
| Other operating charges | 640/8 | €914 | €945 | +€31 | +3.4% |
| Gross operating margin | 9900 | €61,787 | €76,004 | +€14,217 | +23.0% |
| Operating profit (loss) | 9901 | €14,647 | €22,440 | +€7,793 | +53.2% |
| Financial income | 75/76B | €1 | €4 | +€3 | +240.4% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +240.4% |
| Financial charges | 65/66B | €3,965 | €2,862 | -€1,103 | -27.8% |
| Recurring financial charges | 65 | €3,965 | €2,862 | -€1,103 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €10,683 | €19,582 | +€8,899 | +83.3% |
| Income taxes | 67/77 | €3,756 | €4,677 | +€922 | +24.5% |
| Profit (loss) for the period | 9904 | €6,928 | €14,904 | +€7,977 | +115.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,928 | €14,904 | +€7,977 | +115.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.