MARCIBRI: 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
MARCIBRI
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€60,950
2025 · €73,257-€12,307
Equity
€950,912
2025 · €1.1m-€139,050
Cash
€37,563
2025 · €31,928+€5,635
Balance sheet total
€2.1m
2025 · €2.2m-€124,879
Largest movements
Assets
- Financial fixed assets -€45,000
down €45,000 (-22.5%), from €200,000 to €155,000
- Stocks and contracts -€43,033
down €43,033 (-5.2%), from €828,100 to €785,067
- Tangible fixed assets -€34,772
down €34,772 (-4.4%), from €790,173 to €755,401
of which Plant, machinery and equipment: -€45,735
Equity and liabilities
- Reserves -€139,100
down €139,100 (-14.1%), from €984,545 to €845,445
of which Distributable reserves: -€139,100
- Other debts +€70,867
up €70,867 (+46.2%), from €153,487 to €224,354
- Trade debts -€38,275
down €38,275 (-9.1%), from €421,093 to €382,818
- Debts after one year -€26,671
down €26,671 (-13.0%), from €205,340 to €178,669
of which Financial debts: -€91,671
- Provisions +€24,000
up €24,000 (+28.0%), from €85,704 to €109,704
Income statement
- Gross operating margin -€8,524
down €8,524 (-1.3%), from €659,865 to €651,342
- Staff costs +€7,639
up €7,639 (+1.6%), from €464,500 to €472,140
From the 2025 result to the 2026 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 2025
€73,257
Gross operating margin
-€8,524
Staff costs
-€7,639
Depreciation
+€933
Provisions
-€2,577
Other operating charges
+€1,596
Financial income
-€2,355
Financial charges
+€3,275
Taxes
+€2,984
Result 2026
€60,950
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€243,047
Investment
+€23,037
Financing
-€260,449
Cash 2025
€31,928
From operations (derived)
+€243,047
Net result for the year
+€60,950
Depreciation
+€56,129
Stocks and contracts
+€43,033
Receivables within one year
+€16,209
Deferred charges and accrued income
-€7,894
Provisions
+€24,000
Trade debts
-€38,275
Tax, wage and social debts
+€17,956
Smaller working-capital items
+€71
Other debts
+€70,867
Investment (derived)
+€23,037
Investment in fixed assets (net)
+€23,643
Current investments
-€607
Financing
-€260,449
Debts after one year
-€26,671
Current portion of long-term debt
-€10,833
Short-term financial debts
-€22,944
Contributions, distributions and other
-€200,000
Cash 2026
€37,563
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,181,457 | €2,056,579 | -€124,879 | -5.7% |
| Fixed assets | 21/28 | €990,173 | €910,401 | -€79,772 | -8.1% |
| Tangible fixed assets | 22/27 | €790,173 | €755,401 | -€34,772 | -4.4% |
| Land and buildings | 22 | €470,000 | €470,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €311,300 | €265,565 | -€45,735 | -14.7% |
| Furniture and vehicles | 24 | €8,873 | €19,836 | +€10,962 | +123.5% |
| Financial fixed assets | 28 | €200,000 | €155,000 | -€45,000 | -22.5% |
| Current assets | 29/58 | €1,191,284 | €1,146,178 | -€45,106 | -3.8% |
| Stocks and contracts in progress | 3 | €828,100 | €785,067 | -€43,033 | -5.2% |
| Stocks | 30/36 | €828,100 | €785,067 | -€43,033 | -5.2% |
| Amounts receivable within one year | 40/41 | €234,544 | €218,335 | -€16,209 | -6.9% |
| Trade receivables | 40 | €36,766 | €25,645 | -€11,121 | -30.2% |
| Other amounts receivable | 41 | €197,778 | €192,690 | -€5,088 | -2.6% |
| Current investments | 50/53 | €75,287 | €75,894 | +€607 | +0.8% |
| Cash at bank and in hand | 54/58 | €31,928 | €37,563 | +€5,635 | +17.6% |
| Deferred charges and accrued income | 490/1 | €21,425 | €29,319 | +€7,894 | +36.8% |
| Total equity and liabilities | 10/49 | €2,181,457 | €2,056,579 | -€124,879 | -5.7% |
| Equity | 10/15 | €1,089,962 | €950,912 | -€139,050 | -12.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €984,545 | €845,445 | -€139,100 | -14.1% |
| Non-distributable reserves | 130/1 | €78,350 | €78,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €78,350 | €78,350 | = | 0.0% |
| Distributable reserves | 133 | €906,195 | €767,095 | -€139,100 | -15.3% |
| Profit (loss) carried forward | 14 | €55,417 | €55,467 | +€50 | +0.1% |
| Provisions and deferred taxes | 16 | €85,704 | €109,704 | +€24,000 | +28.0% |
| Provisions for liabilities and charges | 160/5 | €85,704 | €109,704 | +€24,000 | +28.0% |
| Major repairs and maintenance | 162 | €85,704 | €109,704 | +€24,000 | +28.0% |
| Amounts payable | 17/49 | €1,005,792 | €995,963 | -€9,829 | -1.0% |
| Amounts payable after more than one year | 17 | €205,340 | €178,669 | -€26,671 | -13.0% |
| Financial debts | 170/4 | €145,340 | €53,669 | -€91,671 | -63.1% |
| Other amounts payable | 178/9 | €60,000 | €125,000 | +€65,000 | +108.3% |
| Amounts payable within one year | 42/48 | €798,228 | €815,001 | +€16,773 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €102,505 | €91,671 | -€10,833 | -10.6% |
| Financial debts | 43 | €22,944 | €0 | -€22,944 | -100.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €22,944 | €0 | -€22,944 | -100.0% |
| Trade debts | 44 | €421,093 | €382,818 | -€38,275 | -9.1% |
| Suppliers | 440/4 | €421,093 | €382,818 | -€38,275 | -9.1% |
| Advances received on contracts in progress | 46 | €368 | €370 | +€2 | +0.5% |
| Taxes, remuneration and social security | 45 | €97,831 | €115,787 | +€17,956 | +18.4% |
| Taxes | 450/3 | €20,933 | €54,841 | +€33,908 | +162.0% |
| Remuneration and social security | 454/9 | €76,899 | €60,947 | -€15,952 | -20.7% |
| Other amounts payable | 47/48 | €153,487 | €224,354 | +€70,867 | +46.2% |
| Accrued charges and deferred income | 492/3 | €2,224 | €2,294 | +€70 | +3.1% |
| Remuneration, social security and pensions | 62 | €464,500 | €472,140 | +€7,639 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,063 | €56,129 | -€933 | -1.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €21,423 | €24,000 | +€2,577 | +12.0% |
| Other operating charges | 640/8 | €6,551 | €4,955 | -€1,596 | -24.4% |
| Gross operating margin | 9900 | €659,865 | €651,342 | -€8,524 | -1.3% |
| Operating profit (loss) | 9901 | €110,328 | €94,118 | -€16,211 | -14.7% |
| Financial income | 75/76B | €13,293 | €10,938 | -€2,355 | -17.7% |
| Recurring financial income | 75 | €13,293 | €10,938 | -€2,355 | -17.7% |
| Financial charges | 65/66B | €18,805 | €15,530 | -€3,275 | -17.4% |
| Recurring financial charges | 65 | €18,805 | €15,530 | -€3,275 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €104,816 | €89,525 | -€15,290 | -14.6% |
| Income taxes | 67/77 | €31,559 | €28,575 | -€2,984 | -9.5% |
| Profit (loss) for the period | 9904 | €73,257 | €60,950 | -€12,307 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,257 | €60,950 | -€12,307 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.