MARCHE: 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.
MARCHE
Largest movements
- Tangible fixed assets -€22,361
down €22,361 (-5.6%), from €396,741 to €374,380
- Contributions -€20,467
down €20,467 (-69.6%), from €29,397 to €8,930
- Profit (loss) carried forward +€20,058
up €20,058 (+6.1%), from €330,352 to €350,410
- Reserves -€19,084
no longer reported in 2025 (was €19,084)
- Gross operating margin +€3,466
up €3,466 (+4.2%), from €82,530 to €85,996
- Taxes +€1,487
up €1,487 (+12.4%), from €12,015 to €13,502
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 | €440,049 | €420,416 | -€19,634 | -4.5% |
| Fixed assets | 21/28 | €396,828 | €374,466 | -€22,361 | -5.6% |
| Tangible fixed assets | 22/27 | €396,741 | €374,380 | -€22,361 | -5.6% |
| Land and buildings | 22 | €396,741 | €374,380 | -€22,361 | -5.6% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €43,222 | €45,949 | +€2,728 | +6.3% |
| Cash at bank and in hand | 54/58 | €43,222 | €45,949 | +€2,728 | +6.3% |
| Total equity and liabilities | 10/49 | €440,049 | €420,416 | -€19,634 | -4.5% |
| Equity | 10/15 | €378,834 | €359,340 | -€19,494 | -5.1% |
| Contributions | 10/11 | €29,397 | €8,930 | -€20,467 | -69.6% |
| Reserves | 13 | €19,084 | - | -€19,084 | |
| Distributable reserves | 133 | €19,084 | - | -€19,084 | |
| Profit (loss) carried forward | 14 | €330,352 | €350,410 | +€20,058 | +6.1% |
| Amounts payable | 17/49 | €61,216 | €61,076 | -€140 | -0.2% |
| Amounts payable within one year | 42/48 | €61,216 | €61,076 | -€140 | -0.2% |
| Taxes, remuneration and social security | 45 | €515 | €502 | -€13 | -2.4% |
| Taxes | 450/3 | €515 | €502 | -€13 | -2.4% |
| Other amounts payable | 47/48 | €60,701 | €60,574 | -€127 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,361 | €22,361 | = | 0.0% |
| Other operating charges | 640/8 | €9,333 | €9,626 | +€293 | +3.1% |
| Gross operating margin | 9900 | €82,530 | €85,996 | +€3,466 | +4.2% |
| Operating profit (loss) | 9901 | €50,835 | €54,008 | +€3,173 | +6.2% |
| Financial charges | 65/66B | €127 | - | -€127 | |
| Recurring financial charges | 65 | €127 | - | -€127 | |
| Profit (loss) for the period before taxes | 9903 | €50,708 | €54,008 | +€3,301 | +6.5% |
| Income taxes | 67/77 | €12,015 | €13,502 | +€1,487 | +12.4% |
| Profit (loss) for the period | 9904 | €38,693 | €40,506 | +€1,813 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,693 | €40,506 | +€1,813 | +4.7% |
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 22 October 2026 via checked.be.