MARCONSUL: 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.
MARCONSUL
Largest movements
- Tangible fixed assets -€11,270
down €11,270 (-4.1%), from €273,131 to €261,861
of which Land and buildings: -€11,270
- Other debts +€49,063
up €49,063 (+13.9%), from €354,053 to €403,115
- Profit (loss) carried forward -€31,740
down €31,740 (-27.3%), from -€116,159 to -€147,899
- Current portion of long-term debt -€29,378
no longer reported in 2025 (was €29,378)
- Gross operating margin -€1,555
down €1,555 (-20.3%), from -€7,667 to -€9,222
- Financial charges -€1,514
down €1,514 (-43.1%), from €3,513 to €1,999
- Other operating charges +€481
up €481 (+5.5%), from €8,768 to €9,249
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 | €307,722 | €295,408 | -€12,314 | -4.0% |
| Fixed assets | 21/28 | €283,131 | €271,861 | -€11,270 | -4.0% |
| Tangible fixed assets | 22/27 | €273,131 | €261,861 | -€11,270 | -4.1% |
| Land and buildings | 22 | €270,553 | €259,283 | -€11,270 | -4.2% |
| Furniture and vehicles | 24 | €2,578 | €2,578 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €24,591 | €23,547 | -€1,044 | -4.2% |
| Amounts receivable within one year | 40/41 | €21,247 | €22,034 | +€788 | +3.7% |
| Other amounts receivable | 41 | €21,247 | €22,034 | +€788 | +3.7% |
| Cash at bank and in hand | 54/58 | €692 | €639 | -€53 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,652 | €874 | -€1,778 | -67.1% |
| Total equity and liabilities | 10/49 | €307,722 | €295,408 | -€12,314 | -4.0% |
| Equity | 10/15 | -€76,863 | -€108,603 | -€31,740 | -41.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,704 | €20,704 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,845 | €18,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,159 | -€147,899 | -€31,740 | -27.3% |
| Amounts payable | 17/49 | €384,585 | €404,011 | +€19,426 | +5.1% |
| Amounts payable within one year | 42/48 | €384,585 | €404,011 | +€19,426 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €29,378 | - | -€29,378 | |
| Financial debts | 43 | €73 | €202 | +€130 | +178% |
| Credit institutions | 430/8 | €73 | €202 | +€130 | +178% |
| Trade debts | 44 | €1,081 | €693 | -€388 | -35.9% |
| Suppliers | 440/4 | €1,081 | €693 | -€388 | -35.9% |
| Other amounts payable | 47/48 | €354,053 | €403,115 | +€49,063 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,270 | €11,270 | = | 0.0% |
| Other operating charges | 640/8 | €8,768 | €9,249 | +€481 | +5.5% |
| Gross operating margin | 9900 | -€7,667 | -€9,222 | -€1,555 | -20.3% |
| Operating profit (loss) | 9901 | -€27,706 | -€29,741 | -€2,035 | -7.3% |
| Financial charges | 65/66B | €3,513 | €1,999 | -€1,514 | -43.1% |
| Recurring financial charges | 65 | €3,513 | €1,999 | -€1,514 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,218 | -€31,740 | -€521 | -1.7% |
| Profit (loss) for the period | 9904 | -€31,218 | -€31,740 | -€521 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,218 | -€31,740 | -€521 | -1.7% |
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 25 October 2026 via checked.be.