MARCHE A SUIVRE: 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 A SUIVRE
Largest movements
- Stocks and contracts -€32,832
down €32,832 (-53.2%), from €61,752 to €28,920
- Receivables within one year +€22,538
new in 2025: €22,538
- Tangible fixed assets -€21,986
down €21,986 (-11.9%), from €184,404 to €162,418
- Cash +€17,873
up €17,873 (+776%), from €2,304 to €20,176
mainly Stocks and contracts (+€32,832) and Depreciation (+€22,036)
- Debts after one year -€30,608
down €30,608 (-22.4%), from €136,425 to €105,817
- Tax, wage and social debts +€15,160
up €15,160 (+317%), from €4,775 to €19,935
of which Remuneration and social security: +€10,000
- Profit (loss) carried forward +€13,852
up €13,852 (+185%), from €7,490 to €21,341
- Other debts -€13,472
down €13,472 (-34.4%), from €39,201 to €25,729
- Gross operating margin +€20,055
up €20,055 (+82.0%), from €24,447 to €44,502
- Financial charges -€2,932
down €2,932 (-32.7%), from €8,962 to €6,030
- Taxes +€1,047
up €1,047 (+751%), from €140 to €1,187
- Financial income -€702
down €702 (-16.3%), from €4,314 to €3,612
of which Non-recurring financial income: -€484
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 | €248,584 | €234,789 | -€13,795 | -5.5% |
| Fixed assets | 21/28 | €184,528 | €162,542 | -€21,986 | -11.9% |
| Tangible fixed assets | 22/27 | €184,404 | €162,418 | -€21,986 | -11.9% |
| Land and buildings | 22 | €143,886 | €133,807 | -€10,080 | -7.0% |
| Plant, machinery and equipment | 23 | €12,033 | €8,525 | -€3,508 | -29.2% |
| Furniture and vehicles | 24 | €28,485 | €20,087 | -€8,398 | -29.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €64,056 | €72,247 | +€8,192 | +12.8% |
| Stocks and contracts in progress | 3 | €61,752 | €28,920 | -€32,832 | -53.2% |
| Stocks | 30/36 | €61,752 | €28,920 | -€32,832 | -53.2% |
| Amounts receivable within one year | 40/41 | - | €22,538 | +€22,538 | |
| Trade receivables | 40 | - | €22,538 | +€22,538 | |
| Cash at bank and in hand | 54/58 | €2,304 | €20,176 | +€17,873 | +776% |
| Deferred charges and accrued income | 490/1 | - | €613 | +€613 | |
| Total equity and liabilities | 10/49 | €248,584 | €234,789 | -€13,795 | -5.5% |
| Equity | 10/15 | €26,090 | €39,941 | +€13,852 | +53.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,490 | €21,341 | +€13,852 | +185% |
| Amounts payable | 17/49 | €222,494 | €194,848 | -€27,646 | -12.4% |
| Amounts payable after more than one year | 17 | €136,425 | €105,817 | -€30,608 | -22.4% |
| Financial debts | 170/4 | €136,425 | €105,817 | -€30,608 | -22.4% |
| Amounts payable within one year | 42/48 | €86,070 | €89,031 | +€2,961 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €29,469 | €30,608 | +€1,139 | +3.9% |
| Trade debts | 44 | €12,625 | €12,759 | +€134 | +1.1% |
| Suppliers | 440/4 | €12,625 | €12,759 | +€134 | +1.1% |
| Taxes, remuneration and social security | 45 | €4,775 | €19,935 | +€15,160 | +317% |
| Taxes | 450/3 | €4,575 | €9,735 | +€5,160 | +113% |
| Remuneration and social security | 454/9 | €200 | €10,200 | +€10,000 | +5,000% |
| Other amounts payable | 47/48 | €39,201 | €25,729 | -€13,472 | -34.4% |
| Remuneration, social security and pensions | 62 | €1,637 | €1,920 | +€283 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,036 | €22,036 | = | 0.0% |
| Other operating charges | 640/8 | €3,149 | €3,089 | -€59 | -1.9% |
| Gross operating margin | 9900 | €24,447 | €44,502 | +€20,055 | +82.0% |
| Operating profit (loss) | 9901 | -€2,375 | €17,457 | +€19,832 | |
| Financial income | 75/76B | €4,314 | €3,612 | -€702 | -16.3% |
| Recurring financial income | 75 | €218 | €3,612 | +€3,394 | +1,559% |
| Non-recurring financial income | 76B | €4,096 | €3,612 | -€484 | -11.8% |
| Financial charges | 65/66B | €8,962 | €6,030 | -€2,932 | -32.7% |
| Recurring financial charges | 65 | €8,962 | €6,030 | -€2,932 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,023 | €15,039 | +€22,062 | |
| Income taxes | 67/77 | €140 | €1,187 | +€1,047 | +751% |
| Profit (loss) for the period | 9904 | -€7,162 | €13,852 | +€21,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,162 | €13,852 | +€21,014 |
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 15 October 2026 via checked.be.