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
- Financial fixed assets -€289,375
down €289,375 (-100.0%), from €289,375 to €0
- Receivables within one year +€41,896
up €41,896 (+149.9%), from €27,943 to €69,839
of which Trade receivables: +€36,300
- Receivables after one year -€26,460
down €26,460 (-100.0%), from €26,460 to €0
- Cash -€9,262
down €9,262 (-89.7%), from €10,322 to €1,060
mainly Net result for the year (-€251,357) and Contributions, distributions and other (-€43,270)
- Profit (loss) carried forward -€206,357
down €206,357, from €146 to -€206,212
- Reserves -€88,270
down €88,270 (-32.4%), from €272,799 to €184,529
of which Distributable reserves: -€88,270
- Trade debts +€5,068
up €5,068 (+47.8%), from €10,595 to €15,663
- Tax, wage and social debts +€4,918
up €4,918 (+14.8%), from €33,134 to €38,053
of which Taxes: +€4,918
- Financial charges +€288,603
up €288,603 (+6010.2%), from €4,802 to €293,405
of which Non-recurring financial charges: +€289,375
- Gross operating margin +€14,793
up €14,793 (+33.3%), from €44,483 to €59,276
- Taxes +€2,337
up €2,337 (+14.4%), from €16,198 to €18,535
- Financial income +€1,579
up €1,579 (+116.6%), from €1,354 to €2,934
of which Financial income: +€1,579
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,664 | €83,424 | -€284,241 | -77.3% |
| Fixed assets | 21/28 | €289,375 | €0 | -€289,375 | -100.0% |
| Financial fixed assets | 28 | €289,375 | €0 | -€289,375 | -100.0% |
| Current assets | 29/58 | €78,289 | €83,424 | +€5,134 | +6.6% |
| Amounts receivable after more than one year | 29 | €26,460 | €0 | -€26,460 | -100.0% |
| Other amounts receivable | 291 | €26,460 | €0 | -€26,460 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,943 | €69,839 | +€41,896 | +149.9% |
| Trade receivables | 40 | - | €36,300 | +€36,300 | |
| Other amounts receivable | 41 | €27,943 | €33,539 | +€5,596 | +20.0% |
| Cash at bank and in hand | 54/58 | €10,322 | €1,060 | -€9,262 | -89.7% |
| Deferred charges and accrued income | 490/1 | €13,564 | €12,525 | -€1,039 | -7.7% |
| Total equity and liabilities | 10/49 | €367,664 | €83,424 | -€284,241 | -77.3% |
| Equity | 10/15 | €285,344 | -€9,283 | -€294,627 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €272,799 | €184,529 | -€88,270 | -32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €270,939 | €182,669 | -€88,270 | -32.6% |
| Profit (loss) carried forward | 14 | €146 | -€206,212 | -€206,357 | |
| Amounts payable | 17/49 | €82,320 | €92,706 | +€10,386 | +12.6% |
| Amounts payable after more than one year | 17 | €21,862 | €22,255 | +€393 | +1.8% |
| Other amounts payable | 178/9 | €21,862 | €22,255 | +€393 | +1.8% |
| Amounts payable within one year | 42/48 | €60,065 | €70,051 | +€9,986 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €10,595 | €15,663 | +€5,068 | +47.8% |
| Suppliers | 440/4 | €10,595 | €15,663 | +€5,068 | +47.8% |
| Advances received on contracts in progress | 46 | €16,335 | €16,335 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €33,134 | €38,053 | +€4,918 | +14.8% |
| Taxes | 450/3 | €31,234 | €36,153 | +€4,918 | +15.7% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €393 | €400 | +€7 | +1.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,938 | €1,627 | -€311 | -16.0% |
| Gross operating margin | 9900 | €44,483 | €59,276 | +€14,793 | +33.3% |
| Operating profit (loss) | 9901 | €42,545 | €57,649 | +€15,103 | +35.5% |
| Financial income | 75/76B | €1,354 | €2,934 | +€1,579 | +116.6% |
| Recurring financial income | 75 | €1,354 | €2,934 | +€1,579 | +116.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,802 | €293,405 | +€288,603 | +6010.2% |
| Recurring financial charges | 65 | €4,802 | €4,030 | -€772 | -16.1% |
| Non-recurring financial charges | 66B | - | €289,375 | +€289,375 | |
| Profit (loss) for the period before taxes | 9903 | €39,098 | -€232,822 | -€271,920 | |
| Income taxes | 67/77 | €16,198 | €18,535 | +€2,337 | +14.4% |
| Profit (loss) for the period | 9904 | €22,900 | -€251,357 | -€274,257 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,900 | -€251,357 | -€274,257 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.