MARCHAND ROEL: what changed
MARCHAND ROEL
Largest movements
- Cash +€23,550
up €23,550 (+1,971%), from €1,195 to €24,745
mainly Net result for the year (+€20,302) and Receivables after one year (+€14,076)
- Receivables after one year -€14,076
down €14,076 (-12.8%), from €109,892 to €95,816
- Stocks and contracts -€9,615
down €9,615 (-57.7%), from €16,677 to €7,062
of which Contracts in progress: -€13,567
- Tangible fixed assets -€6,992
down €6,992 (-20.3%), from €34,426 to €27,434
of which Furniture and vehicles: -€6,539
- Deferred charges and accrued income +€3,000
up €3,000, from €0 to €3,000
- Debts after one year -€17,313
down €17,313 (-39.5%), from €43,800 to €26,488
- Trade debts +€9,481
up €9,481 (+46.7%), from €20,318 to €29,800
- Current portion of long-term debt +€8,835
up €8,835 (+39.7%), from €22,239 to €31,074
- Other debts -€5,829
down €5,829 (-100%), from €5,829 to €0
- Gross operating margin +€21,848
up €21,848 (+117%), from €18,741 to €40,589
- Taxes +€10,076
up €10,076 (+696%), from €1,447 to €11,523
- Depreciation -€3,880
down €3,880 (-33.4%), from €11,629 to €7,748
- Other operating charges -€3,720
down €3,720 (-64.5%), from €5,766 to €2,047
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,452 | €177,358 | -€3,094 | -1.7% |
| Fixed assets | 21/28 | €35,626 | €28,634 | -€6,992 | -19.6% |
| Tangible fixed assets | 22/27 | €34,426 | €27,434 | -€6,992 | -20.3% |
| Plant, machinery and equipment | 23 | €452 | €0 | -€452 | -100% |
| Furniture and vehicles | 24 | €33,974 | €27,434 | -€6,539 | -19.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €144,826 | €148,723 | +€3,898 | +2.7% |
| Amounts receivable after more than one year | 29 | €109,892 | €95,816 | -€14,076 | -12.8% |
| Other amounts receivable | 291 | €109,892 | €95,816 | -€14,076 | -12.8% |
| Stocks and contracts in progress | 3 | €16,677 | €7,062 | -€9,615 | -57.7% |
| Stocks | 30/36 | €3,109 | €7,062 | +€3,952 | +127% |
| Contracts in progress | 37 | €13,567 | €0 | -€13,567 | -100% |
| Amounts receivable within one year | 40/41 | €17,062 | €18,100 | +€1,038 | +6.1% |
| Trade receivables | 40 | €8,681 | €4,952 | -€3,729 | -43.0% |
| Other amounts receivable | 41 | €8,382 | €13,148 | +€4,767 | +56.9% |
| Cash at bank and in hand | 54/58 | €1,195 | €24,745 | +€23,550 | +1,971% |
| Deferred charges and accrued income | 490/1 | €0 | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €180,452 | €177,358 | -€3,094 | -1.7% |
| Equity | 10/15 | €88,194 | €88,496 | +€302 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,594 | €69,896 | +€302 | +0.4% |
| Distributable reserves | 133 | €69,594 | €69,896 | +€302 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,258 | €88,861 | -€3,396 | -3.7% |
| Amounts payable after more than one year | 17 | €43,800 | €26,488 | -€17,313 | -39.5% |
| Financial debts | 170/4 | €43,800 | €26,488 | -€17,313 | -39.5% |
| Amounts payable within one year | 42/48 | €48,457 | €62,374 | +€13,917 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €22,239 | €31,074 | +€8,835 | +39.7% |
| Trade debts | 44 | €20,318 | €29,800 | +€9,481 | +46.7% |
| Suppliers | 440/4 | €20,318 | €29,800 | +€9,481 | +46.7% |
| Taxes, remuneration and social security | 45 | €71 | €1,500 | +€1,429 | +2,006% |
| Taxes | 450/3 | €71 | €1,500 | +€1,429 | +2,006% |
| Other amounts payable | 47/48 | €5,829 | €0 | -€5,829 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,629 | €7,748 | -€3,880 | -33.4% |
| Other operating charges | 640/8 | €5,766 | €2,047 | -€3,720 | -64.5% |
| Gross operating margin | 9900 | €18,741 | €40,589 | +€21,848 | +117% |
| Operating profit (loss) | 9901 | €1,346 | €30,794 | +€29,448 | +2,188% |
| Financial income | 75/76B | €3,855 | €3,564 | -€292 | -7.6% |
| Recurring financial income | 75 | €3,855 | €3,564 | -€292 | -7.6% |
| Financial charges | 65/66B | €2,736 | €2,533 | -€203 | -7.4% |
| Recurring financial charges | 65 | €2,736 | €2,533 | -€203 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €2,466 | €31,825 | +€29,359 | +1,191% |
| Income taxes | 67/77 | €1,447 | €11,523 | +€10,076 | +696% |
| Profit (loss) for the period | 9904 | €1,019 | €20,302 | +€19,283 | +1,893% |
| Profit (loss) for the period to be appropriated | 9905 | €1,019 | €20,302 | +€19,283 | +1,893% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.