MARCHE EUROPE: 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 EUROPE
Largest movements
- Cash -€74,838
down €74,838 (-90.3%), from €82,844 to €8,006
- Receivables within one year +€73,043
up €73,043 (+626%), from €11,677 to €84,720
- Profit (loss) carried forward +€4,758
up €4,758 (+7.0%), from €67,805 to €72,563
- Tax, wage and social debts -€3,819
no longer reported in 2025 (was €3,819)
- Trade debts -€1,478
no longer reported in 2025 (was €1,478)
- Current portion of long-term debt -€1,461
no longer reported in 2025 (was €1,461)
- Turnover -€248,471
no longer reported in 2025 (was €248,471)
- Purchases and services -€236,262
no longer reported in 2025 (was €236,262)
- Gross operating margin -€47,208
no longer reported in 2025 (was €47,208)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,726 | €92,726 | -€2,000 | -2.1% |
| Fixed assets | 21/28 | €205 | €0 | -€205 | -100% |
| Intangible fixed assets | 21 | €10 | - | -€10 | |
| Financial fixed assets | 28 | €195 | €0 | -€195 | -100% |
| Current assets | 29/58 | €94,521 | €92,726 | -€1,795 | -1.9% |
| Amounts receivable within one year | 40/41 | €11,677 | €84,720 | +€73,043 | +626% |
| Other amounts receivable | 41 | €11,677 | €84,720 | +€73,043 | +626% |
| Cash at bank and in hand | 54/58 | €82,844 | €8,006 | -€74,838 | -90.3% |
| Total equity and liabilities | 10/49 | €94,726 | €92,726 | -€2,000 | -2.1% |
| Equity | 10/15 | €87,865 | €92,623 | +€4,758 | +5.4% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Capital | 10 | €9,200 | €9,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €9,400 | €9,400 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,805 | €72,563 | +€4,758 | +7.0% |
| Amounts payable | 17/49 | €6,861 | €103 | -€6,758 | -98.5% |
| Amounts payable within one year | 42/48 | €6,861 | €103 | -€6,758 | -98.5% |
| Current portion of amounts payable after more than one year | 42 | €1,461 | - | -€1,461 | |
| Financial debts | 43 | €103 | €103 | = | 0.0% |
| Credit institutions | 430/8 | €103 | €103 | = | 0.0% |
| Trade debts | 44 | €1,478 | - | -€1,478 | |
| Suppliers | 440/4 | €1,478 | - | -€1,478 | |
| Taxes, remuneration and social security | 45 | €3,819 | - | -€3,819 | |
| Taxes | 450/3 | €3,819 | - | -€3,819 | |
| Turnover | 70 | €248,471 | - | -€248,471 | |
| Non-recurring operating income | 76A | €35,000 | - | -€35,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €236,262 | - | -€236,262 | |
| Other operating charges | 640/8 | €701 | €474 | -€227 | -32.4% |
| Non-recurring operating charges | 66A | €7,051 | - | -€7,051 | |
| Gross operating margin | 9900 | €47,208 | - | -€47,208 | |
| Operating profit (loss) | 9901 | €39,456 | -€474 | -€39,930 | |
| Financial charges | 65/66B | €160 | €54 | -€106 | -66.2% |
| Recurring financial charges | 65 | €160 | €54 | -€106 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €39,297 | -€528 | -€39,825 | |
| Income taxes | 67/77 | €1,154 | €844 | -€310 | -26.9% |
| Profit (loss) for the period | 9904 | €38,143 | -€1,371 | -€39,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,143 | -€1,371 | -€39,514 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.