MARCHIM: what changed
Two fiscal 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.
What changed
MARCHIM
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€534,425
2024 · €655,459-€121,034
Equity
€1.2m
2024 · €930,052+€234,375
Cash
€643,409
2024 · €970,910-€327,500
Balance sheet total
€2.6m
2024 · €3.2m-€594,111
Largest movements
Assets
- Cash -€327,500
down €327,500 (-33.7%), from €970,910 to €643,409
mainly Trade debts (-€333,140) and Contributions, distributions and other (-€300,050)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Stocks and contracts +€69,842
up €69,842 (+10.3%), from €678,182 to €748,024
Equity and liabilities
- Trade debts -€333,140
down €333,140 (-34.9%), from €954,363 to €621,223
- Other debts -€252,538
down €252,538 (-45.1%), from €560,094 to €307,556
- Profit (loss) carried forward +€234,375
up €234,375 (+28.1%), from €834,058 to €1.1m
- Debts after one year -€149,358
down €149,358 (-39.5%), from €378,156 to €228,797
of which Financial debts: -€149,358
- Tax, wage and social debts -€93,565
down €93,565 (-43.0%), from €217,407 to €123,842
of which Taxes: -€106,746
Income statement
- Gross operating margin -€184,751
down €184,751 (-8.1%), from €2.3m to €2.1m
- Taxes -€56,449
down €56,449 (-24.5%), from €230,797 to €174,348
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.
Result 2024
€655,459
Gross operating margin
-€184,751
Staff costs
-€14,668
Depreciation
-€5,091
Other operating charges
+€19,204
Other operating items
+€5,326
Financial income
+€14,249
Financial charges
-€11,752
Taxes
+€56,449
Result 2025
€534,425
Cash bridge derived
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.
From operations
-€54,727
Investment
+€176,635
Financing
-€449,408
Cash 2024
€970,910
From operations (derived)
-€54,727
Net result for the year
+€534,425
Depreciation
+€137,469
Stocks and contracts
-€69,842
Receivables within one year
+€20,696
Deferred charges and accrued income
+€1,653
Trade debts
-€333,140
Tax, wage and social debts
-€93,565
Other debts
-€252,538
Accrued charges and deferred income
+€117
Investment (derived)
+€176,635
Investment in fixed assets (net)
-€123,365
Current investments
+€300,000
Financing
-€449,408
Debts after one year
-€149,358
Contributions, distributions and other
-€300,050
Cash 2025
€643,409
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,191,503 | €2,597,392 | -€594,111 | -18.6% |
| Fixed assets | 21/28 | €919,707 | €905,603 | -€14,104 | -1.5% |
| Tangible fixed assets | 22/27 | €909,819 | €905,398 | -€4,421 | -0.5% |
| Land and buildings | 22 | €693,193 | €613,704 | -€79,489 | -11.5% |
| Plant, machinery and equipment | 23 | €195,409 | €262,763 | +€67,354 | +34.5% |
| Furniture and vehicles | 24 | €21,216 | €28,931 | +€7,714 | +36.4% |
| Financial fixed assets | 28 | €9,888 | €205 | -€9,683 | -97.9% |
| Current assets | 29/58 | €2,271,796 | €1,691,789 | -€580,007 | -25.5% |
| Stocks and contracts in progress | 3 | €678,182 | €748,024 | +€69,842 | +10.3% |
| Stocks | 30/36 | €678,182 | €748,024 | +€69,842 | +10.3% |
| Amounts receivable within one year | 40/41 | €306,292 | €285,596 | -€20,696 | -6.8% |
| Trade receivables | 40 | €128,012 | €192,336 | +€64,325 | +50.2% |
| Other amounts receivable | 41 | €178,281 | €93,260 | -€85,021 | -47.7% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €970,910 | €643,409 | -€327,500 | -33.7% |
| Deferred charges and accrued income | 490/1 | €16,413 | €14,760 | -€1,653 | -10.1% |
| Total equity and liabilities | 10/49 | €3,191,503 | €2,597,392 | -€594,111 | -18.6% |
| Equity | 10/15 | €930,052 | €1,164,427 | +€234,375 | +25.2% |
| Contributions | 10/11 | €84,000 | €84,000 | = | 0.0% |
| Capital | 10 | €84,000 | €84,000 | = | 0.0% |
| Issued capital | 100 | €84,000 | €84,000 | = | 0.0% |
| Reserves | 13 | €11,994 | €11,994 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,400 | €8,400 | = | 0.0% |
| Legal reserve | 130 | €8,400 | €8,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,594 | €3,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | €834,058 | €1,068,432 | +€234,375 | +28.1% |
| Amounts payable | 17/49 | €2,261,452 | €1,432,965 | -€828,486 | -36.6% |
| Amounts payable after more than one year | 17 | €378,156 | €228,797 | -€149,358 | -39.5% |
| Financial debts | 170/4 | €373,396 | €224,038 | -€149,358 | -40.0% |
| Other amounts payable | 178/9 | €4,760 | €4,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,881,224 | €1,201,979 | -€679,244 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €149,358 | €149,358 | = | 0.0% |
| Trade debts | 44 | €954,363 | €621,223 | -€333,140 | -34.9% |
| Suppliers | 440/4 | €954,363 | €621,223 | -€333,140 | -34.9% |
| Taxes, remuneration and social security | 45 | €217,407 | €123,842 | -€93,565 | -43.0% |
| Taxes | 450/3 | €110,862 | €4,116 | -€106,746 | -96.3% |
| Remuneration and social security | 454/9 | €106,545 | €119,726 | +€13,181 | +12.4% |
| Other amounts payable | 47/48 | €560,094 | €307,556 | -€252,538 | -45.1% |
| Accrued charges and deferred income | 492/3 | €2,072 | €2,189 | +€117 | +5.6% |
| Non-recurring operating income | 76A | €8,609 | €31,547 | +€22,938 | +266.4% |
| Remuneration, social security and pensions | 62 | €1,107,734 | €1,122,402 | +€14,668 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,379 | €137,469 | +€5,091 | +3.8% |
| Other operating charges | 640/8 | €118,270 | €99,066 | -€19,204 | -16.2% |
| Non-recurring operating charges | 66A | €5,326 | - | -€5,326 | |
| Gross operating margin | 9900 | €2,287,392 | €2,102,641 | -€184,751 | -8.1% |
| Operating profit (loss) | 9901 | €923,683 | €743,704 | -€179,980 | -19.5% |
| Financial income | 75/76B | €40,325 | €54,574 | +€14,249 | +35.3% |
| Recurring financial income | 75 | €40,325 | €54,574 | +€14,249 | +35.3% |
| Financial charges | 65/66B | €77,752 | €89,504 | +€11,752 | +15.1% |
| Recurring financial charges | 65 | €60,892 | €68,718 | +€7,826 | +12.9% |
| Non-recurring financial charges | 66B | €16,860 | €20,786 | +€3,926 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €886,256 | €708,773 | -€177,483 | -20.0% |
| Income taxes | 67/77 | €230,797 | €174,348 | -€56,449 | -24.5% |
| Profit (loss) for the period | 9904 | €655,459 | €534,425 | -€121,034 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €655,459 | €534,425 | -€121,034 | -18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.