MARCHIMMO: 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.
MARCHIMMO
Largest movements
- Tangible fixed assets -€37,596
down €37,596 (-5.2%), from €730,000 to €692,404
of which Land and buildings: -€37,263
- Cash +€14,820
up €14,820 (+72.7%), from €20,391 to €35,212
mainly Depreciation (+€37,596)
- Debts after one year -€14,289
down €14,289 (-1.7%), from €843,322 to €829,034
- Gross operating margin -€12,409
down €12,409 (-22.4%), from €55,504 to €43,095
- Depreciation -€2,110
down €2,110 (-5.3%), from €39,706 to €37,596
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,404 | €727,885 | -€22,519 | -3.0% |
| Fixed assets | 21/28 | €730,000 | €692,404 | -€37,596 | -5.2% |
| Tangible fixed assets | 22/27 | €730,000 | €692,404 | -€37,596 | -5.2% |
| Land and buildings | 22 | €729,167 | €691,904 | -€37,263 | -5.1% |
| Furniture and vehicles | 24 | €833 | €500 | -€333 | -40.0% |
| Current assets | 29/58 | €20,404 | €35,482 | +€15,077 | +73.9% |
| Amounts receivable within one year | 40/41 | €13 | €270 | +€257 | +1989.8% |
| Trade receivables | 40 | €13 | €270 | +€257 | +1989.8% |
| Cash at bank and in hand | 54/58 | €20,391 | €35,212 | +€14,820 | +72.7% |
| Total equity and liabilities | 10/49 | €750,404 | €727,885 | -€22,519 | -3.0% |
| Equity | 10/15 | -€98,787 | -€101,148 | -€2,361 | -2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,787 | -€164,148 | -€2,361 | -1.5% |
| Amounts payable | 17/49 | €849,192 | €829,034 | -€20,158 | -2.4% |
| Amounts payable after more than one year | 17 | €843,322 | €829,034 | -€14,289 | -1.7% |
| Financial debts | 170/4 | €843,322 | €829,034 | -€14,289 | -1.7% |
| Amounts payable within one year | 42/48 | €5,869 | - | -€5,869 | |
| Current portion of amounts payable after more than one year | 42 | €5,869 | - | -€5,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,706 | €37,596 | -€2,110 | -5.3% |
| Other operating charges | 640/8 | €7,966 | €7,657 | -€310 | -3.9% |
| Gross operating margin | 9900 | €55,504 | €43,095 | -€12,409 | -22.4% |
| Operating profit (loss) | 9901 | €7,831 | -€2,158 | -€9,989 | |
| Financial charges | 65/66B | €745 | €203 | -€541 | -72.7% |
| Recurring financial charges | 65 | €745 | €203 | -€541 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €7,086 | -€2,361 | -€9,447 | |
| Profit (loss) for the period | 9904 | €7,086 | -€2,361 | -€9,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,086 | -€2,361 | -€9,447 |
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.