MARCH CONSULTING: 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.
MARCH CONSULTING
Largest movements
- Cash +€14,750
up €14,750 (+52.0%), from €28,343 to €43,093
mainly Other debts (+€13,728) and Net result for the year (+€11,506)
- Intangible fixed assets -€8,000
down €8,000 (-15.4%), from €52,000 to €44,000
- Receivables within one year -€3,539
down €3,539 (-30.7%), from €11,515 to €7,977
of which Other amounts receivable: -€4,131
- Tangible fixed assets +€1,441
new in 2025: €1,441
- Other debts +€13,728
up €13,728 (+38.7%), from €35,429 to €49,157
- Debts after one year -€6,010
down €6,010 (-32.7%), from €18,400 to €12,390
- Profit (loss) carried forward -€3,494
down €3,494 (-32.0%), from €10,913 to €7,419
- Short-term financial debts +€1,265
new in 2025: €1,265
- Depreciation -€2,617
down €2,617 (-24.5%), from €10,667 to €8,050
- Gross operating margin +€2,587
up €2,587 (+10.9%), from €23,657 to €26,244
- Taxes +€1,371
up €1,371 (+41.8%), from €3,281 to €4,652
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 | €91,858 | €96,510 | +€4,651 | +5.1% |
| Fixed assets | 21/28 | €52,000 | €45,441 | -€6,559 | -12.6% |
| Intangible fixed assets | 21 | €52,000 | €44,000 | -€8,000 | -15.4% |
| Tangible fixed assets | 22/27 | - | €1,441 | +€1,441 | |
| Plant, machinery and equipment | 23 | - | €1,441 | +€1,441 | |
| Current assets | 29/58 | €39,858 | €51,069 | +€11,211 | +28.1% |
| Amounts receivable within one year | 40/41 | €11,515 | €7,977 | -€3,539 | -30.7% |
| Trade receivables | 40 | €6,660 | €7,252 | +€592 | +8.9% |
| Other amounts receivable | 41 | €4,856 | €725 | -€4,131 | -85.1% |
| Cash at bank and in hand | 54/58 | €28,343 | €43,093 | +€14,750 | +52.0% |
| Total equity and liabilities | 10/49 | €91,858 | €96,510 | +€4,651 | +5.1% |
| Equity | 10/15 | €13,913 | €10,419 | -€3,494 | -25.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,913 | €7,419 | -€3,494 | -32.0% |
| Amounts payable | 17/49 | €77,946 | €86,091 | +€8,145 | +10.4% |
| Amounts payable after more than one year | 17 | €18,400 | €12,390 | -€6,010 | -32.7% |
| Financial debts | 170/4 | €18,400 | €12,390 | -€6,010 | -32.7% |
| Amounts payable within one year | 42/48 | €59,545 | €73,700 | +€14,155 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €5,718 | €6,010 | +€292 | +5.1% |
| Financial debts | 43 | - | €1,265 | +€1,265 | |
| Credit institutions | 430/8 | - | €1,265 | +€1,265 | |
| Trade debts | 44 | €9,608 | €8,936 | -€672 | -7.0% |
| Suppliers | 440/4 | €9,608 | €8,936 | -€672 | -7.0% |
| Taxes, remuneration and social security | 45 | €8,790 | €8,332 | -€458 | -5.2% |
| Taxes | 450/3 | €6,591 | €6,133 | -€458 | -7.0% |
| Remuneration and social security | 454/9 | €2,199 | €2,199 | = | 0.0% |
| Other amounts payable | 47/48 | €35,429 | €49,157 | +€13,728 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,667 | €8,050 | -€2,617 | -24.5% |
| Other operating charges | 640/8 | €388 | €400 | +€12 | +3.0% |
| Gross operating margin | 9900 | €23,657 | €26,244 | +€2,587 | +10.9% |
| Operating profit (loss) | 9901 | €12,602 | €17,794 | +€5,192 | +41.2% |
| Financial charges | 65/66B | €1,600 | €1,636 | +€36 | +2.3% |
| Recurring financial charges | 65 | €1,600 | €1,636 | +€36 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €11,002 | €16,158 | +€5,156 | +46.9% |
| Income taxes | 67/77 | €3,281 | €4,652 | +€1,371 | +41.8% |
| Profit (loss) for the period | 9904 | €7,721 | €11,506 | +€3,785 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,721 | €11,506 | +€3,785 | +49.0% |
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 20 October 2026 via checked.be.