MARCHMAIN FINANCE: 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.
What changed
MARCHMAIN FINANCE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€105,939
2024 · €211,266-€105,327
Equity
€20.3m
2024 · €20.2m+€105,939
Cash
€931,645
2024 · €851,333+€80,313
Balance sheet total
€20.4m
2024 · €20.3m+€98,313
Largest movements
Assets
- Current investments +€4.5m
up €4.5m (+52.6%), from €8.6m to €13.2m
- Receivables within one year -€4.5m
down €4.5m (-51.7%), from €8.7m to €4.2m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
No income-statement line moved by more than 1% of the activity.
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
€211,266
Depreciation
-€117
Other operating charges
+€153
Other operating items
-€2,685
Financial income
-€109,039
Financial charges
-€3,469
Taxes
+€9,830
Result 2025
€105,939
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.6m
Investment
-€4.5m
Financing
€0
Cash 2024
€851,333
From operations (derived)
+€4.6m
Net result for the year
+€105,939
Depreciation
+€117
Receivables within one year
+€4.5m
Smaller working-capital items
-€8,556
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€1,499
Current investments
-€4.5m
Cash 2025
€931,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,332,806 | €20,431,119 | +€98,313 | +0.5% |
| Fixed assets | 21/28 | €1,701,361 | €1,702,743 | +€1,382 | +0.1% |
| Tangible fixed assets | 22/27 | - | €1,382 | +€1,382 | |
| Plant, machinery and equipment | 23 | - | €1,382 | +€1,382 | |
| Financial fixed assets | 28 | €1,701,361 | €1,701,361 | = | 0.0% |
| Affiliated companies | 280/1 | €1,700,000 | €1,700,000 | = | 0.0% |
| Participating interests | 280 | €1,700,000 | €1,700,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,361 | €1,361 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,361 | €1,361 | = | 0.0% |
| Current assets | 29/58 | €18,631,445 | €18,728,376 | +€96,931 | +0.5% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,742,926 | €4,220,394 | -€4.5m | -51.7% |
| Other amounts receivable | 41 | €8,742,926 | €4,220,394 | -€4.5m | -51.7% |
| Current investments | 50/53 | €8,633,329 | €13,171,550 | +€4.5m | +52.6% |
| Other investments | 51/53 | €8,633,329 | €13,171,550 | +€4.5m | +52.6% |
| Cash at bank and in hand | 54/58 | €851,333 | €931,645 | +€80,313 | +9.4% |
| Deferred charges and accrued income | 490/1 | €3,857 | €4,787 | +€930 | +24.1% |
| Total equity and liabilities | 10/49 | €20,332,806 | €20,431,119 | +€98,313 | +0.5% |
| Equity | 10/15 | €20,190,575 | €20,296,514 | +€105,939 | +0.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €19,890,575 | €19,996,514 | +€105,939 | +0.5% |
| Non-distributable reserves | 130/1 | €247,894 | €247,894 | = | 0.0% |
| Legal reserve | 130 | €247,894 | €247,894 | = | 0.0% |
| Distributable reserves | 133 | €19,642,681 | €19,748,621 | +€105,939 | +0.5% |
| Amounts payable | 17/49 | €142,232 | €134,605 | -€7,626 | -5.4% |
| Amounts payable within one year | 42/48 | €142,232 | €132,364 | -€9,868 | -6.9% |
| Trade debts | 44 | €10,265 | €1,462 | -€8,803 | -85.8% |
| Suppliers | 440/4 | €10,265 | €1,462 | -€8,803 | -85.8% |
| Other amounts payable | 47/48 | €131,967 | €130,901 | -€1,065 | -0.8% |
| Accrued charges and deferred income | 492/3 | - | €2,242 | +€2,242 | |
| Operating income | 70/76A | €31,498 | €20,445 | -€11,053 | -35.1% |
| Other operating income | 74 | €31,498 | €20,445 | -€11,053 | -35.1% |
| Operating charges | 60/66A | €143,573 | €135,169 | -€8,404 | -5.9% |
| Services and other goods | 61 | €142,212 | €133,844 | -€8,368 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €117 | +€117 | |
| Other operating charges | 640/8 | €1,361 | €1,208 | -€153 | -11.2% |
| Operating profit (loss) | 9901 | -€112,075 | -€114,724 | -€2,649 | -2.4% |
| Financial income | 75/76B | €353,093 | €244,054 | -€109,039 | -30.9% |
| Recurring financial income | 75 | €353,093 | €244,054 | -€109,039 | -30.9% |
| Income from financial fixed assets | 750 | €89,830 | €60,024 | -€29,806 | -33.2% |
| Income from current assets | 751 | €263,178 | €184,030 | -€79,148 | -30.1% |
| Other financial income | 752/9 | €85 | €0 | -€85 | -100.0% |
| Financial charges | 65/66B | €181 | €3,650 | +€3,469 | +1,917% |
| Recurring financial charges | 65 | €181 | €3,650 | +€3,469 | +1,917% |
| Debt charges | 650 | - | €3,244 | +€3,244 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€2 | -€2 | |
| Other financial charges | 652/9 | €181 | €408 | +€227 | +125% |
| Profit (loss) for the period before taxes | 9903 | €240,837 | €125,680 | -€115,157 | -47.8% |
| Income taxes | 67/77 | €29,571 | €19,740 | -€9,830 | -33.2% |
| Taxes | 670/3 | €29,571 | €19,740 | -€9,830 | -33.2% |
| Profit (loss) for the period | 9904 | €211,266 | €105,939 | -€105,327 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €211,266 | €105,939 | -€105,327 | -49.9% |
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 21 October 2026 via checked.be.