Marcelle Store: 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.
Marcelle Store
Largest movements
- Cash +€61,573
up €61,573 (+183.5%), from €33,558 to €95,131
mainly Depreciation (+€50,075) and Receivables within one year (+€40,420)
- Receivables within one year -€40,420
down €40,420 (-60.6%), from €66,709 to €26,288
of which Trade receivables: -€28,823
- Tangible fixed assets -€35,068
down €35,068 (-4.5%), from €775,216 to €740,148
of which Land and buildings: -€43,712
- Stocks and contracts -€11,511
down €11,511 (-5.4%), from €213,528 to €202,017
- Debts after one year -€50,706
down €50,706 (-9.4%), from €542,246 to €491,540
- Advances received +€32,615
up €32,615 (+849.8%), from €3,838 to €36,453
- Accrued charges and deferred income -€30,103
down €30,103 (-82.9%), from €36,315 to €6,212
- Reserves +€22,000
up €22,000 (+7.1%), from €308,000 to €330,000
- Gross operating margin -€7,691
down €7,691 (-7.5%), from €101,935 to €94,244
- Financial charges -€2,517
down €2,517 (-15.1%), from €16,624 to €14,107
- Taxes +€1,615
up €1,615 (+38.5%), from €4,192 to €5,807
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 | €1,091,986 | €1,066,990 | -€24,996 | -2.3% |
| Fixed assets | 21/28 | €775,312 | €740,244 | -€35,068 | -4.5% |
| Tangible fixed assets | 22/27 | €775,216 | €740,148 | -€35,068 | -4.5% |
| Land and buildings | 22 | €757,695 | €713,983 | -€43,712 | -5.8% |
| Plant, machinery and equipment | 23 | €2,698 | €5,421 | +€2,723 | +100.9% |
| Furniture and vehicles | 24 | €14,823 | €20,744 | +€5,921 | +39.9% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €316,674 | €326,746 | +€10,072 | +3.2% |
| Stocks and contracts in progress | 3 | €213,528 | €202,017 | -€11,511 | -5.4% |
| Stocks | 30/36 | €213,528 | €202,017 | -€11,511 | -5.4% |
| Amounts receivable within one year | 40/41 | €66,709 | €26,288 | -€40,420 | -60.6% |
| Trade receivables | 40 | €50,900 | €22,078 | -€28,823 | -56.6% |
| Other amounts receivable | 41 | €15,808 | €4,211 | -€11,598 | -73.4% |
| Cash at bank and in hand | 54/58 | €33,558 | €95,131 | +€61,573 | +183.5% |
| Deferred charges and accrued income | 490/1 | €2,879 | €3,310 | +€431 | +15.0% |
| Total equity and liabilities | 10/49 | €1,091,986 | €1,066,990 | -€24,996 | -2.3% |
| Equity | 10/15 | €327,291 | €348,783 | +€21,492 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €308,000 | €330,000 | +€22,000 | +7.1% |
| Distributable reserves | 133 | €308,000 | €330,000 | +€22,000 | +7.1% |
| Profit (loss) carried forward | 14 | €691 | €183 | -€508 | -73.5% |
| Amounts payable | 17/49 | €764,694 | €718,206 | -€46,488 | -6.1% |
| Amounts payable after more than one year | 17 | €542,246 | €491,540 | -€50,706 | -9.4% |
| Financial debts | 170/4 | €542,246 | €491,540 | -€50,706 | -9.4% |
| Amounts payable within one year | 42/48 | €186,134 | €220,454 | +€34,320 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €52,860 | €50,706 | -€2,154 | -4.1% |
| Trade debts | 44 | €107,380 | €100,946 | -€6,435 | -6.0% |
| Suppliers | 440/4 | €107,380 | €100,946 | -€6,435 | -6.0% |
| Advances received on contracts in progress | 46 | €3,838 | €36,453 | +€32,615 | +849.8% |
| Taxes, remuneration and social security | 45 | €8,829 | €10,273 | +€1,444 | +16.4% |
| Taxes | 450/3 | €8,829 | €10,273 | +€1,444 | +16.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,227 | €22,076 | +€8,849 | +66.9% |
| Accrued charges and deferred income | 492/3 | €36,315 | €6,212 | -€30,103 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,024 | €50,075 | +€51 | +0.1% |
| Other operating charges | 640/8 | €2,949 | €2,763 | -€186 | -6.3% |
| Gross operating margin | 9900 | €101,935 | €94,244 | -€7,691 | -7.5% |
| Operating profit (loss) | 9901 | €48,962 | €41,405 | -€7,556 | -15.4% |
| Financial income | 75/76B | €17 | €1 | -€17 | -95.9% |
| Recurring financial income | 75 | €17 | €1 | -€17 | -95.9% |
| Financial charges | 65/66B | €16,624 | €14,107 | -€2,517 | -15.1% |
| Recurring financial charges | 65 | €16,624 | €14,107 | -€2,517 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €32,355 | €27,299 | -€5,056 | -15.6% |
| Income taxes | 67/77 | €4,192 | €5,807 | +€1,615 | +38.5% |
| Profit (loss) for the period | 9904 | €28,163 | €21,492 | -€6,671 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,163 | €21,492 | -€6,671 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.