Marcia Group: 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.
Marcia Group
Largest movements
- Tangible fixed assets -€8,256
down €8,256 (-3.0%), from €277,525 to €269,268
of which Land and buildings: -€6,444
- Other debts +€94,473
up €94,473 (+77.5%), from €121,828 to €216,300
- Profit (loss) carried forward -€90,807
down €90,807 (-71.7%), from -€126,578 to -€217,385
- Debts after one year -€10,894
down €10,894 (-5.5%), from €197,150 to €186,256
- Gross operating margin +€36,782
up €36,782 (+34.7%), from -€105,969 to -€69,187
- Depreciation +€3,281
up €3,281 (+37.1%), from €8,840 to €12,121
- Other operating charges -€2,022
no longer reported in 2025 (was €2,022)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,026 | €270,529 | -€7,497 | -2.7% |
| Fixed assets | 21/28 | €277,525 | €269,268 | -€8,256 | -3.0% |
| Tangible fixed assets | 22/27 | €277,525 | €269,268 | -€8,256 | -3.0% |
| Land and buildings | 22 | €235,954 | €229,510 | -€6,444 | -2.7% |
| Plant, machinery and equipment | 23 | €2,406 | €1,342 | -€1,064 | -44.2% |
| Furniture and vehicles | 24 | €928 | €461 | -€466 | -50.3% |
| Other tangible fixed assets | 26 | €38,237 | €37,955 | -€282 | -0.7% |
| Current assets | 29/58 | €501 | €1,261 | +€760 | +152% |
| Cash at bank and in hand | 54/58 | - | €760 | +€760 | |
| Deferred charges and accrued income | 490/1 | €501 | €501 | = | 0.0% |
| Total equity and liabilities | 10/49 | €278,026 | €270,529 | -€7,497 | -2.7% |
| Equity | 10/15 | -€56,578 | -€147,385 | -€90,807 | -160% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,578 | -€217,385 | -€90,807 | -71.7% |
| Amounts payable | 17/49 | €334,604 | €417,914 | +€83,310 | +24.9% |
| Amounts payable after more than one year | 17 | €197,150 | €186,256 | -€10,894 | -5.5% |
| Financial debts | 170/4 | €197,150 | €186,256 | -€10,894 | -5.5% |
| Amounts payable within one year | 42/48 | €137,454 | €231,658 | +€94,204 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €11,861 | €10,894 | -€967 | -8.2% |
| Trade debts | 44 | €1,965 | €864 | -€1,101 | -56.0% |
| Suppliers | 440/4 | €1,965 | €864 | -€1,101 | -56.0% |
| Taxes, remuneration and social security | 45 | €1,800 | €3,600 | +€1,800 | +100% |
| Taxes | 450/3 | €1,800 | €3,600 | +€1,800 | +100% |
| Other amounts payable | 47/48 | €121,828 | €216,300 | +€94,473 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €12,121 | +€3,281 | +37.1% |
| Other operating charges | 640/8 | €2,022 | - | -€2,022 | |
| Gross operating margin | 9900 | -€105,969 | -€69,187 | +€36,782 | +34.7% |
| Operating profit (loss) | 9901 | -€116,831 | -€81,308 | +€35,523 | +30.4% |
| Financial charges | 65/66B | €9,747 | €9,499 | -€249 | -2.6% |
| Recurring financial charges | 65 | €9,747 | €9,499 | -€249 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€126,578 | -€90,807 | +€35,771 | +28.3% |
| Profit (loss) for the period | 9904 | -€126,578 | -€90,807 | +€35,771 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,578 | -€90,807 | +€35,771 | +28.3% |
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 24 October 2026 via checked.be.