MARCSON: 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.
MARCSON
Largest movements
- Tangible fixed assets -€27,102
down €27,102 (-4.3%), from €625,990 to €598,888
of which Land and buildings: -€40,547
- Cash -€10,421
down €10,421 (-59.6%), from €17,498 to €7,077
mainly Other debts (-€65,410) and Debts after one year (-€28,589)
- Receivables within one year -€8,615
down €8,615 (-97.0%), from €8,878 to €263
of which Trade receivables: -€8,439
- Stocks and contracts -€7,357
down €7,357 (-42.5%), from €17,306 to €9,949
- Other debts -€65,410
down €65,410 (-54.0%), from €121,238 to €55,827
- Reserves +€29,850
up €29,850 (+53.8%), from €55,454 to €85,304
of which Distributable reserves: +€29,850
- Debts after one year -€28,589
down €28,589 (-7.3%), from €391,681 to €363,092
- Tax, wage and social debts +€7,750
up €7,750 (+58.1%), from €13,343 to €21,093
of which Taxes: +€6,889
- Staff costs -€7,208
down €7,208 (-13.8%), from €52,110 to €44,902
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 | €673,610 | €619,967 | -€53,643 | -8.0% |
| Fixed assets | 21/28 | €625,990 | €598,888 | -€27,102 | -4.3% |
| Tangible fixed assets | 22/27 | €625,990 | €598,888 | -€27,102 | -4.3% |
| Land and buildings | 22 | €615,383 | €574,836 | -€40,547 | -6.6% |
| Plant, machinery and equipment | 23 | €10,607 | €8,141 | -€2,466 | -23.3% |
| Furniture and vehicles | 24 | - | €15,911 | +€15,911 | |
| Current assets | 29/58 | €47,620 | €21,079 | -€26,541 | -55.7% |
| Stocks and contracts in progress | 3 | €17,306 | €9,949 | -€7,357 | -42.5% |
| Stocks | 30/36 | €17,306 | €9,949 | -€7,357 | -42.5% |
| Amounts receivable within one year | 40/41 | €8,878 | €263 | -€8,615 | -97.0% |
| Trade receivables | 40 | €8,439 | €0 | -€8,439 | -100.0% |
| Other amounts receivable | 41 | €440 | €263 | -€177 | -40.1% |
| Cash at bank and in hand | 54/58 | €17,498 | €7,077 | -€10,421 | -59.6% |
| Deferred charges and accrued income | 490/1 | €3,938 | €3,790 | -€147 | -3.7% |
| Total equity and liabilities | 10/49 | €673,610 | €619,967 | -€53,643 | -8.0% |
| Equity | 10/15 | €102,988 | €132,838 | +€29,850 | +29.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €55,454 | €85,304 | +€29,850 | +53.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €55,454 | €85,304 | +€29,850 | +53.8% |
| Profit (loss) carried forward | 14 | €20,034 | €20,034 | = | 0.0% |
| Amounts payable | 17/49 | €570,622 | €487,129 | -€83,493 | -14.6% |
| Amounts payable after more than one year | 17 | €391,681 | €363,092 | -€28,589 | -7.3% |
| Financial debts | 170/4 | €391,681 | €363,092 | -€28,589 | -7.3% |
| Amounts payable within one year | 42/48 | €177,495 | €123,566 | -€53,929 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €29,052 | €29,997 | +€945 | +3.3% |
| Trade debts | 44 | €13,863 | €16,649 | +€2,786 | +20.1% |
| Suppliers | 440/4 | €13,863 | €16,649 | +€2,786 | +20.1% |
| Taxes, remuneration and social security | 45 | €13,343 | €21,093 | +€7,750 | +58.1% |
| Taxes | 450/3 | €8,319 | €15,208 | +€6,889 | +82.8% |
| Remuneration and social security | 454/9 | €5,024 | €5,885 | +€861 | +17.1% |
| Other amounts payable | 47/48 | €121,238 | €55,827 | -€65,410 | -54.0% |
| Accrued charges and deferred income | 492/3 | €1,447 | €472 | -€975 | -67.4% |
| Non-recurring operating income | 76A | - | €6,076 | +€6,076 | |
| Remuneration, social security and pensions | 62 | €52,110 | €44,902 | -€7,208 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,635 | €43,924 | +€1,289 | +3.0% |
| Other operating charges | 640/8 | €2,686 | €2,699 | +€13 | +0.5% |
| Gross operating margin | 9900 | €144,396 | €143,681 | -€714 | -0.5% |
| Operating profit (loss) | 9901 | €46,965 | €52,157 | +€5,191 | +11.1% |
| Financial income | 75/76B | €1 | €7 | +€6 | +1198.0% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +1198.0% |
| Financial charges | 65/66B | €11,522 | €12,178 | +€656 | +5.7% |
| Recurring financial charges | 65 | €11,522 | €12,178 | +€656 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €35,443 | €39,985 | +€4,542 | +12.8% |
| Income taxes | 67/77 | €9,304 | €10,135 | +€831 | +8.9% |
| Profit (loss) for the period | 9904 | €26,139 | €29,850 | +€3,710 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,139 | €29,850 | +€3,710 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.