MARCHPEET: 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.
MARCHPEET
Largest movements
- Cash -€6,600
down €6,600 (-94.0%), from €7,018 to €419
mainly Tax, wage and social debts (-€4,413) and Net result for the year (-€4,109)
- Receivables within one year -€6,464
down €6,464 (-68.1%), from €9,498 to €3,034
of which Other amounts receivable: -€4,726
- Tangible fixed assets -€356
down €356 (-48.7%), from €731 to €375
- Tax, wage and social debts -€4,413
down €4,413 (-61.1%), from €7,221 to €2,808
of which Taxes: -€4,006
- Profit (loss) carried forward -€4,109
down €4,109 (-29.6%), from -€13,866 to -€17,975
- Other debts -€1,972
down €1,972 (-100.0%), from €1,972 to €0
- Current portion of long-term debt -€1,475
down €1,475 (-100.0%), from €1,475 to €0
- Trade debts -€1,450
down €1,450 (-44.2%), from €3,280 to €1,830
- Gross operating margin -€1,779
down €1,779 (-69.1%), from €2,573 to €794
- Other operating charges +€736
up €736 (+70.9%), from €1,038 to €1,774
- Financial charges -€661
down €661 (-20.8%), from €3,172 to €2,512
- Taxes +€214
up €214 (+428.1%), from €50 to €263
- Depreciation -€50
down €50 (-12.3%), from €406 to €356
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 | €18,682 | €5,262 | -€13,420 | -71.8% |
| Fixed assets | 21/28 | €731 | €375 | -€356 | -48.7% |
| Tangible fixed assets | 22/27 | €731 | €375 | -€356 | -48.7% |
| Furniture and vehicles | 24 | €731 | €375 | -€356 | -48.7% |
| Current assets | 29/58 | €17,951 | €4,887 | -€13,063 | -72.8% |
| Stocks and contracts in progress | 3 | €1,435 | €1,435 | = | 0.0% |
| Stocks | 30/36 | €1,435 | €1,435 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,498 | €3,034 | -€6,464 | -68.1% |
| Trade receivables | 40 | €2,043 | €306 | -€1,738 | -85.0% |
| Other amounts receivable | 41 | €7,454 | €2,728 | -€4,726 | -63.4% |
| Cash at bank and in hand | 54/58 | €7,018 | €419 | -€6,600 | -94.0% |
| Total equity and liabilities | 10/49 | €18,682 | €5,262 | -€13,420 | -71.8% |
| Equity | 10/15 | €4,734 | €625 | -€4,109 | -86.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€13,866 | -€17,975 | -€4,109 | -29.6% |
| Amounts payable | 17/49 | €13,948 | €4,637 | -€9,310 | -66.8% |
| Amounts payable within one year | 42/48 | €13,948 | €4,637 | -€9,310 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €1,475 | €0 | -€1,475 | -100.0% |
| Trade debts | 44 | €3,280 | €1,830 | -€1,450 | -44.2% |
| Suppliers | 440/4 | €3,280 | €1,830 | -€1,450 | -44.2% |
| Taxes, remuneration and social security | 45 | €7,221 | €2,808 | -€4,413 | -61.1% |
| Taxes | 450/3 | €6,813 | €2,808 | -€4,006 | -58.8% |
| Remuneration and social security | 454/9 | €408 | €0 | -€408 | -100.0% |
| Other amounts payable | 47/48 | €1,972 | €0 | -€1,972 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €356 | -€50 | -12.3% |
| Other operating charges | 640/8 | €1,038 | €1,774 | +€736 | +70.9% |
| Gross operating margin | 9900 | €2,573 | €794 | -€1,779 | -69.1% |
| Operating profit (loss) | 9901 | €1,129 | -€1,336 | -€2,465 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,172 | €2,512 | -€661 | -20.8% |
| Recurring financial charges | 65 | €3,172 | €2,512 | -€661 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,044 | -€3,846 | -€1,802 | -88.2% |
| Income taxes | 67/77 | €50 | €263 | +€214 | +428.1% |
| Profit (loss) for the period | 9904 | -€2,094 | -€4,109 | -€2,016 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,094 | -€4,109 | -€2,016 | -96.3% |
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 7 October 2026 via checked.be.