MARCH TRADE: 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 TRADE
Largest movements
- Tangible fixed assets -€135,864
no longer reported in 2025 (was €135,864)
of which Land and buildings: -€135,854
- Intangible fixed assets -€4,840
no longer reported in 2025 (was €4,840)
- Debts after one year -€78,357
down €78,357 (-17.4%), from €450,145 to €371,788
- Revaluation surpluses -€51,325
no longer reported in 2025 (was €51,325)
- Trade debts -€6,812
no longer reported in 2025 (was €6,812)
- Profit (loss) carried forward -€4,269
down €4,269 (-1.1%), from -€385,968 to -€390,237
- Financial charges -€44,742
down €44,742 (-94.3%), from €47,447 to €2,706
of which Financial charges: -€47,387
- Other operating charges -€6,603
down €6,603 (-95.7%), from €6,897 to €294
- Gross operating margin -€397
down €397 (-45.5%), from -€873 to -€1,270
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 | €140,922 | €158 | -€140,764 | -99.9% |
| Fixed assets | 21/28 | €140,704 | - | -€140,704 | |
| Intangible fixed assets | 21 | €4,840 | - | -€4,840 | |
| Tangible fixed assets | 22/27 | €135,864 | - | -€135,864 | |
| Land and buildings | 22 | €135,854 | - | -€135,854 | |
| Furniture and vehicles | 24 | €10 | - | -€10 | |
| Current assets | 29/58 | €218 | €158 | -€60 | -27.5% |
| Amounts receivable after more than one year | 29 | €10 | €10 | = | 0.0% |
| Other amounts receivable | 291 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €208 | €148 | -€60 | -28.9% |
| Total equity and liabilities | 10/49 | €140,922 | €158 | -€140,764 | -99.9% |
| Equity | 10/15 | -€316,051 | -€371,645 | -€55,594 | -17.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €51,325 | - | -€51,325 | |
| Profit (loss) carried forward | 14 | -€385,968 | -€390,237 | -€4,269 | -1.1% |
| Amounts payable | 17/49 | €456,972 | €371,803 | -€85,169 | -18.6% |
| Amounts payable after more than one year | 17 | €450,145 | €371,788 | -€78,357 | -17.4% |
| Other amounts payable | 178/9 | €450,145 | €371,788 | -€78,357 | -17.4% |
| Amounts payable within one year | 42/48 | €6,812 | - | -€6,812 | |
| Trade debts | 44 | €6,812 | - | -€6,812 | |
| Suppliers | 440/4 | €6,812 | - | -€6,812 | |
| Accrued charges and deferred income | 492/3 | €15 | €15 | +€0 | +0.9% |
| Other operating charges | 640/8 | €6,897 | €294 | -€6,603 | -95.7% |
| Gross operating margin | 9900 | -€873 | -€1,270 | -€397 | -45.5% |
| Operating profit (loss) | 9901 | -€7,770 | -€1,564 | +€6,206 | +79.9% |
| Financial charges | 65/66B | €47,447 | €2,706 | -€44,742 | -94.3% |
| Recurring financial charges | 65 | €47,447 | €60 | -€47,387 | -99.9% |
| Non-recurring financial charges | 66B | - | €2,646 | +€2,646 | |
| Profit (loss) for the period before taxes | 9903 | -€55,217 | -€4,269 | +€50,948 | +92.3% |
| Profit (loss) for the period | 9904 | -€55,217 | -€4,269 | +€50,948 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,217 | -€4,269 | +€50,948 | +92.3% |
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 19 October 2026 via checked.be.