MARCHAND CONSULT: 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 CONSULT
Largest movements
- Cash -€496,116
down €496,116 (-98.6%), from €502,996 to €6,880
mainly Other debts (-€418,422) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets +€27,932
up €27,932 (+55.5%), from €50,351 to €78,283
of which Other tangible fixed assets: +€32,318
- Receivables within one year +€6,033
up €6,033 (+22.5%), from €26,867 to €32,900
of which Trade receivables: +€6,161
- Other debts -€418,422
down €418,422 (-83.6%), from €500,392 to €81,970
- Tax, wage and social debts -€38,510
down €38,510 (-90.9%), from €42,382 to €3,872
- Gross operating margin -€304,656
down €304,656 (-53.0%), from €574,386 to €269,730
- Taxes -€74,961
down €74,961 (-53.1%), from €141,040 to €66,079
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 | €582,388 | €125,238 | -€457,150 | -78.5% |
| Fixed assets | 21/28 | €52,421 | €85,353 | +€32,932 | +62.8% |
| Tangible fixed assets | 22/27 | €50,351 | €78,283 | +€27,932 | +55.5% |
| Furniture and vehicles | 24 | €17,138 | €12,752 | -€4,385 | -25.6% |
| Other tangible fixed assets | 26 | €33,213 | €65,531 | +€32,318 | +97.3% |
| Financial fixed assets | 28 | €2,070 | €7,070 | +€5,000 | +242% |
| Current assets | 29/58 | €529,967 | €39,885 | -€490,082 | -92.5% |
| Amounts receivable within one year | 40/41 | €26,867 | €32,900 | +€6,033 | +22.5% |
| Trade receivables | 40 | €26,739 | €32,900 | +€6,161 | +23.0% |
| Other amounts receivable | 41 | €128 | - | -€128 | |
| Cash at bank and in hand | 54/58 | €502,996 | €6,880 | -€496,116 | -98.6% |
| Deferred charges and accrued income | 490/1 | €104 | €105 | +€1 | +1.3% |
| Total equity and liabilities | 10/49 | €582,388 | €125,238 | -€457,150 | -78.5% |
| Equity | 10/15 | €36,449 | €39,235 | +€2,786 | +7.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,449 | €38,235 | +€2,786 | +7.9% |
| Amounts payable | 17/49 | €545,939 | €86,003 | -€459,936 | -84.2% |
| Amounts payable within one year | 42/48 | €545,939 | €86,003 | -€459,936 | -84.2% |
| Trade debts | 44 | €3,166 | €161 | -€3,004 | -94.9% |
| Suppliers | 440/4 | €3,166 | €161 | -€3,004 | -94.9% |
| Taxes, remuneration and social security | 45 | €42,382 | €3,872 | -€38,510 | -90.9% |
| Taxes | 450/3 | €42,382 | €3,872 | -€38,510 | -90.9% |
| Other amounts payable | 47/48 | €500,392 | €81,970 | -€418,422 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,992 | €10,555 | +€1,563 | +17.4% |
| Other operating charges | 640/8 | €171 | €165 | -€5 | -3.1% |
| Gross operating margin | 9900 | €574,386 | €269,730 | -€304,656 | -53.0% |
| Operating profit (loss) | 9901 | €565,224 | €259,010 | -€306,214 | -54.2% |
| Financial income | 75/76B | €10,391 | €12,158 | +€1,767 | +17.0% |
| Recurring financial income | 75 | €10,391 | €12,158 | +€1,767 | +17.0% |
| Financial charges | 65/66B | €3,002 | €2,303 | -€699 | -23.3% |
| Recurring financial charges | 65 | €3,002 | €2,303 | -€699 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €572,613 | €268,865 | -€303,748 | -53.0% |
| Income taxes | 67/77 | €141,040 | €66,079 | -€74,961 | -53.1% |
| Profit (loss) for the period | 9904 | €431,572 | €202,786 | -€228,786 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €431,572 | €202,786 | -€228,786 | -53.0% |
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 24 October 2026 via checked.be.