MARCHA-STEEL: what changed
What changed
MARCHA-STEEL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€6,781
2024 · €7,443-€663
Equity
€408,341
2024 · €426,561-€18,219
Cash
€6,552
2024 · €8,434-€1,882
Balance sheet total
€437,236
2024 · €437,451-€215
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves -€18,219
down €18,219 (-4.5%), from €406,561 to €388,341
- Other debts +€14,250
up €14,250 (+431%), from €3,309 to €17,559
Income statement
- Gross operating margin -€1,337
down €1,337 (-11.8%), from €11,340 to €10,003
- Depreciation -€462
down €462 (-35.3%), from €1,306 to €844
- Taxes -€234
down €234 (-11.3%), from €2,075 to €1,841
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,443
Gross operating margin
-€1,337
Depreciation
+€462
Other operating charges
-€12
Financial income
-€7
Financial charges
-€2
Taxes
+€234
Result 2025
€6,781
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,118
Investment
€0
Financing
-€25,000
Cash 2024
€8,434
From operations (derived)
+€23,118
Net result for the year
+€6,781
Depreciation
+€844
Receivables within one year
-€2,512
Trade debts
+€2,247
Tax, wage and social debts
+€1,507
Other debts
+€14,250
Financing
-€25,000
Contributions, distributions and other
-€25,000
Cash 2025
€6,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,451 | €437,236 | -€215 | 0.0% |
| Fixed assets | 21/28 | €321,014 | €320,170 | -€844 | -0.3% |
| Tangible fixed assets | 22/27 | €1,014 | €170 | -€844 | -83.3% |
| Furniture and vehicles | 24 | €1,014 | €170 | -€844 | -83.3% |
| Financial fixed assets | 28 | €320,000 | €320,000 | = | 0.0% |
| Current assets | 29/58 | €116,437 | €117,066 | +€629 | +0.5% |
| Amounts receivable within one year | 40/41 | €108,002 | €110,514 | +€2,512 | +2.3% |
| Trade receivables | 40 | €10,890 | €13,366 | +€2,476 | +22.7% |
| Other amounts receivable | 41 | €97,112 | €97,148 | +€36 | 0.0% |
| Cash at bank and in hand | 54/58 | €8,434 | €6,552 | -€1,882 | -22.3% |
| Total equity and liabilities | 10/49 | €437,451 | €437,236 | -€215 | 0.0% |
| Equity | 10/15 | €426,561 | €408,341 | -€18,219 | -4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €406,561 | €388,341 | -€18,219 | -4.5% |
| Distributable reserves | 133 | €406,561 | €388,341 | -€18,219 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,890 | €28,895 | +€18,004 | +165% |
| Amounts payable within one year | 42/48 | €10,890 | €28,895 | +€18,004 | +165% |
| Trade debts | 44 | €98 | €2,345 | +€2,247 | +2,292% |
| Suppliers | 440/4 | €98 | €2,345 | +€2,247 | +2,292% |
| Taxes, remuneration and social security | 45 | €7,483 | €8,991 | +€1,507 | +20.1% |
| Taxes | 450/3 | €7,483 | €8,991 | +€1,507 | +20.1% |
| Other amounts payable | 47/48 | €3,309 | €17,559 | +€14,250 | +431% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306 | €844 | -€462 | -35.3% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €11,340 | €10,003 | -€1,337 | -11.8% |
| Operating profit (loss) | 9901 | €9,584 | €8,697 | -€887 | -9.3% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €74 | €76 | +€2 | +2.8% |
| Recurring financial charges | 65 | €74 | €76 | +€2 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €9,518 | €8,621 | -€897 | -9.4% |
| Income taxes | 67/77 | €2,075 | €1,841 | -€234 | -11.3% |
| Profit (loss) for the period | 9904 | €7,443 | €6,781 | -€663 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,443 | €6,781 | -€663 | -8.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.