MARCHA: what changed
Two fiscal 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.
MARCHA
Largest movements
- Tangible fixed assets -€13,401
down €13,401 (-27.0%), from €49,601 to €36,200
- Profit (loss) carried forward -€17,973
down €17,973 (-47.9%), from -€37,531 to -€55,504
- Other debts +€10,774
up €10,774 (+18.5%), from €58,333 to €69,107
- Debts after one year -€6,437
down €6,437 (-35.5%), from €18,156 to €11,719
- Gross operating margin +€1,074
up €1,074 (+24.6%), from -€4,363 to -€3,289
- Financial charges -€153
down €153 (-16.3%), from €935 to €783
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 | €51,433 | €37,977 | -€13,456 | -26.2% |
| Fixed assets | 21/28 | €49,601 | €36,200 | -€13,401 | -27.0% |
| Tangible fixed assets | 22/27 | €49,601 | €36,200 | -€13,401 | -27.0% |
| Furniture and vehicles | 24 | €49,601 | €36,200 | -€13,401 | -27.0% |
| Current assets | 29/58 | €1,832 | €1,777 | -€55 | -3.0% |
| Current investments | 50/53 | €62 | €62 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €258 | €286 | +€28 | +10.8% |
| Deferred charges and accrued income | 490/1 | €1,512 | €1,428 | -€83 | -5.5% |
| Total equity and liabilities | 10/49 | €51,433 | €37,977 | -€13,456 | -26.2% |
| Equity | 10/15 | -€31,331 | -€49,304 | -€17,973 | -57.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,531 | -€55,504 | -€17,973 | -47.9% |
| Amounts payable | 17/49 | €82,763 | €87,281 | +€4,517 | +5.5% |
| Amounts payable after more than one year | 17 | €18,156 | €11,719 | -€6,437 | -35.5% |
| Financial debts | 170/4 | €18,156 | €11,719 | -€6,437 | -35.5% |
| Amounts payable within one year | 42/48 | €64,594 | €75,544 | +€10,950 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €6,261 | €6,437 | +€176 | +2.8% |
| Other amounts payable | 47/48 | €58,333 | €69,107 | +€10,774 | +18.5% |
| Accrued charges and deferred income | 492/3 | €13 | €17 | +€4 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,401 | €13,401 | = | 0.0% |
| Other operating charges | 640/8 | €540 | €501 | -€39 | -7.2% |
| Gross operating margin | 9900 | -€4,363 | -€3,289 | +€1,074 | +24.6% |
| Operating profit (loss) | 9901 | -€18,304 | -€17,191 | +€1,113 | +6.1% |
| Financial charges | 65/66B | €935 | €783 | -€153 | -16.3% |
| Recurring financial charges | 65 | €935 | €783 | -€153 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,239 | -€17,973 | +€1,266 | +6.6% |
| Profit (loss) for the period | 9904 | -€19,239 | -€17,973 | +€1,266 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,239 | -€17,973 | +€1,266 | +6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.