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 +€1.9m
up €1.9m (+1968.0%), from €98,930 to €2.0m
of which Other tangible fixed assets: +€1.8m
- Cash -€46,517
down €46,517 (-78.8%), from €58,998 to €12,481
mainly Investment in fixed assets (net) (-€2.0m) and Contributions, distributions and other (-€235,144)
- Debts after one year +€2.0m
up €2.0m (+1084.3%), from €187,821 to €2.2m
- Profit (loss) carried forward -€280,156
down €280,156 (-587.5%), from -€47,685 to -€327,841
- Other debts +€147,256
up €147,256 (+6084.9%), from €2,420 to €149,676
- Other operating charges +€5,732
up €5,732 (+1128.4%), from €508 to €6,240
- Depreciation +€1,104
up €1,104 (+8.6%), from €12,885 to €13,989
- Taxes +€341
up €341 (+9178.2%), from €4 to €344
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 | €182,557 | €2,087,655 | +€1.9m | +1043.6% |
| Fixed assets | 21/28 | €98,930 | €2,045,904 | +€1.9m | +1968.0% |
| Tangible fixed assets | 22/27 | €98,930 | €2,045,904 | +€1.9m | +1968.0% |
| Land and buildings | 22 | €78,924 | €232,997 | +€154,074 | +195.2% |
| Furniture and vehicles | 24 | €20,006 | €12,907 | -€7,100 | -35.5% |
| Other tangible fixed assets | 26 | - | €1,800,000 | +€1.8m | |
| Current assets | 29/58 | €83,626 | €41,750 | -€41,876 | -50.1% |
| Amounts receivable within one year | 40/41 | €22,629 | €29,270 | +€6,641 | +29.3% |
| Trade receivables | 40 | €6,513 | €19,769 | +€13,256 | +203.5% |
| Other amounts receivable | 41 | €16,116 | €9,501 | -€6,615 | -41.0% |
| Cash at bank and in hand | 54/58 | €58,998 | €12,481 | -€46,517 | -78.8% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €182,557 | €2,087,655 | +€1.9m | +1043.6% |
| Equity | 10/15 | -€7,685 | -€287,841 | -€280,156 | -3645.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,685 | -€327,841 | -€280,156 | -587.5% |
| Amounts payable | 17/49 | €190,241 | €2,375,495 | +€2.2m | +1148.7% |
| Amounts payable after more than one year | 17 | €187,821 | €2,224,336 | +€2.0m | +1084.3% |
| Other amounts payable | 178/9 | €187,821 | €2,224,336 | +€2.0m | +1084.3% |
| Amounts payable within one year | 42/48 | €2,420 | €151,159 | +€148,739 | +6146.3% |
| Advances received on contracts in progress | 46 | - | €1,349 | +€1,349 | |
| Taxes, remuneration and social security | 45 | - | €134 | +€134 | |
| Taxes | 450/3 | - | €134 | +€134 | |
| Other amounts payable | 47/48 | €2,420 | €149,676 | +€147,256 | +6084.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,885 | €13,989 | +€1,104 | +8.6% |
| Other operating charges | 640/8 | €508 | €6,240 | +€5,732 | +1128.4% |
| Gross operating margin | 9900 | -€24,229 | -€24,297 | -€67 | -0.3% |
| Operating profit (loss) | 9901 | -€37,622 | -€44,526 | -€6,904 | -18.4% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €98 | €142 | +€44 | +45.2% |
| Recurring financial charges | 65 | €98 | €142 | +€44 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,708 | -€44,668 | -€6,960 | -18.5% |
| Income taxes | 67/77 | €4 | €344 | +€341 | +9178.2% |
| Profit (loss) for the period | 9904 | -€37,711 | -€45,012 | -€7,301 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,711 | -€45,012 | -€7,301 | -19.4% |
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 1 October 2026 via checked.be.