MARCHAND CONSTRUCTION SERVICES: 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.
MARCHAND CONSTRUCTION SERVICES
Largest movements
- Cash +€17,729
up €17,729 (+67.2%), from €26,364 to €44,093
mainly Net result for the year (+€41,585) and Depreciation (+€15,328)
- Tangible fixed assets -€12,828
down €12,828 (-32.2%), from €39,837 to €27,009
of which Furniture and vehicles: -€13,218
- Receivables after one year +€9,498
new in 2025: €9,498
- Receivables within one year -€6,638
down €6,638 (-22.9%), from €28,982 to €22,343
of which Other amounts receivable: -€14,003
- Current investments +€5,154
new in 2025: €5,154
- Reserves +€26,585
up €26,585 (+191%), from €13,904 to €40,489
- Debts after one year -€11,371
down €11,371 (-43.5%), from €26,166 to €14,796
- Tax, wage and social debts -€3,546
down €3,546 (-15.7%), from €22,561 to €19,015
of which Taxes: -€3,581
- Gross operating margin +€27,369
up €27,369 (+66.4%), from €41,203 to €68,573
- Depreciation +€10,765
up €10,765 (+236%), from €4,563 to €15,328
- Taxes +€3,649
up €3,649 (+47.9%), from €7,618 to €11,267
- Financial charges +€813
up €813 (+382%), from €213 to €1,025
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 | €97,284 | €109,318 | +€12,035 | +12.4% |
| Fixed assets | 21/28 | €39,837 | €27,009 | -€12,828 | -32.2% |
| Tangible fixed assets | 22/27 | €39,837 | €27,009 | -€12,828 | -32.2% |
| Plant, machinery and equipment | 23 | €1,897 | €2,286 | +€390 | +20.6% |
| Furniture and vehicles | 24 | €37,940 | €24,722 | -€13,218 | -34.8% |
| Current assets | 29/58 | €57,447 | €82,310 | +€24,863 | +43.3% |
| Amounts receivable after more than one year | 29 | - | €9,498 | +€9,498 | |
| Other amounts receivable | 291 | - | €9,498 | +€9,498 | |
| Amounts receivable within one year | 40/41 | €28,982 | €22,343 | -€6,638 | -22.9% |
| Trade receivables | 40 | €14,979 | €22,343 | +€7,365 | +49.2% |
| Other amounts receivable | 41 | €14,003 | - | -€14,003 | |
| Current investments | 50/53 | - | €5,154 | +€5,154 | |
| Cash at bank and in hand | 54/58 | €26,364 | €44,093 | +€17,729 | +67.2% |
| Deferred charges and accrued income | 490/1 | €2,102 | €1,222 | -€880 | -41.9% |
| Total equity and liabilities | 10/49 | €97,284 | €109,318 | +€12,035 | +12.4% |
| Equity | 10/15 | €18,904 | €45,489 | +€26,585 | +141% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,904 | €40,489 | +€26,585 | +191% |
| Distributable reserves | 133 | €13,904 | €40,489 | +€26,585 | +191% |
| Amounts payable | 17/49 | €78,380 | €63,829 | -€14,550 | -18.6% |
| Amounts payable after more than one year | 17 | €26,166 | €14,796 | -€11,371 | -43.5% |
| Financial debts | 170/4 | €26,166 | €14,796 | -€11,371 | -43.5% |
| Amounts payable within one year | 42/48 | €52,213 | €49,034 | -€3,180 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €11,035 | €11,371 | +€336 | +3.0% |
| Trade debts | 44 | €8,117 | €8,148 | +€31 | +0.4% |
| Suppliers | 440/4 | €8,117 | €8,148 | +€31 | +0.4% |
| Taxes, remuneration and social security | 45 | €22,561 | €19,015 | -€3,546 | -15.7% |
| Taxes | 450/3 | €18,982 | €15,401 | -€3,581 | -18.9% |
| Remuneration and social security | 454/9 | €3,579 | €3,614 | +€35 | +1.0% |
| Other amounts payable | 47/48 | €10,500 | €10,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,563 | €15,328 | +€10,765 | +236% |
| Other operating charges | 640/8 | - | €57 | +€57 | |
| Gross operating margin | 9900 | €41,203 | €68,573 | +€27,369 | +66.4% |
| Operating profit (loss) | 9901 | €36,640 | €53,187 | +€16,547 | +45.2% |
| Financial income | 75/76B | €95 | €690 | +€596 | +629% |
| Recurring financial income | 75 | €95 | €690 | +€596 | +629% |
| Financial charges | 65/66B | €213 | €1,025 | +€813 | +382% |
| Recurring financial charges | 65 | €213 | €1,025 | +€813 | +382% |
| Profit (loss) for the period before taxes | 9903 | €36,522 | €52,852 | +€16,330 | +44.7% |
| Income taxes | 67/77 | €7,618 | €11,267 | +€3,649 | +47.9% |
| Profit (loss) for the period | 9904 | €28,904 | €41,585 | +€12,681 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,904 | €41,585 | +€12,681 | +43.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.