MARÉCHAL - DE WEVER: 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.
MARÉCHAL - DE WEVER
Largest movements
- Tangible fixed assets -€27,867
down €27,867 (-8.2%), from €341,341 to €313,473
- Debts after one year -€21,929
down €21,929 (-19.7%), from €111,197 to €89,268
- Profit (loss) carried forward -€16,206
down €16,206 (-48.3%), from -€33,541 to -€49,747
- Other debts +€4,606
up €4,606 (+4.4%), from €104,046 to €108,653
- Trade debts +€4,588
up €4,588 (+151.4%), from €3,031 to €7,619
- Gross operating margin -€6,897
down €6,897 (-26.5%), from €26,072 to €19,175
- Financial charges +€2,066
up €2,066 (+63.9%), from €3,231 to €5,297
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 | €345,033 | €317,522 | -€27,511 | -8.0% |
| Fixed assets | 21/28 | €341,436 | €313,568 | -€27,867 | -8.2% |
| Tangible fixed assets | 22/27 | €341,341 | €313,473 | -€27,867 | -8.2% |
| Leasing and similar rights | 25 | €341,341 | €313,473 | -€27,867 | -8.2% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €3,598 | €3,954 | +€356 | +9.9% |
| Amounts receivable within one year | 40/41 | €378 | €2,105 | +€1,727 | +456.9% |
| Trade receivables | 40 | - | €2,105 | +€2,105 | |
| Other amounts receivable | 41 | €378 | - | -€378 | |
| Cash at bank and in hand | 54/58 | €2,679 | €1,598 | -€1,080 | -40.3% |
| Deferred charges and accrued income | 490/1 | €541 | €251 | -€290 | -53.7% |
| Total equity and liabilities | 10/49 | €345,033 | €317,522 | -€27,511 | -8.0% |
| Equity | 10/15 | €104,497 | €88,292 | -€16,206 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,438 | €119,438 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,578 | €117,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,541 | -€49,747 | -€16,206 | -48.3% |
| Amounts payable | 17/49 | €240,536 | €229,230 | -€11,306 | -4.7% |
| Amounts payable after more than one year | 17 | €111,197 | €89,268 | -€21,929 | -19.7% |
| Financial debts | 170/4 | €111,197 | €89,268 | -€21,929 | -19.7% |
| Amounts payable within one year | 42/48 | €129,339 | €139,962 | +€10,624 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €21,903 | €21,929 | +€27 | +0.1% |
| Trade debts | 44 | €3,031 | €7,619 | +€4,588 | +151.4% |
| Suppliers | 440/4 | €3,031 | €7,619 | +€4,588 | +151.4% |
| Taxes, remuneration and social security | 45 | €359 | €1,762 | +€1,402 | +390.4% |
| Taxes | 450/3 | €359 | €1,762 | +€1,402 | +390.4% |
| Other amounts payable | 47/48 | €104,046 | €108,653 | +€4,606 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,867 | €27,867 | = | 0.0% |
| Other operating charges | 640/8 | €2,027 | €2,024 | -€3 | -0.1% |
| Gross operating margin | 9900 | €26,072 | €19,175 | -€6,897 | -26.5% |
| Operating profit (loss) | 9901 | -€3,822 | -€10,717 | -€6,894 | -180.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,231 | €5,297 | +€2,066 | +63.9% |
| Recurring financial charges | 65 | €3,231 | €5,297 | +€2,066 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,053 | -€16,014 | -€8,960 | -127.0% |
| Income taxes | 67/77 | €185 | €192 | +€7 | +4.0% |
| Profit (loss) for the period | 9904 | -€7,238 | -€16,206 | -€8,968 | -123.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,238 | -€16,206 | -€8,968 | -123.9% |
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 11 October 2026 via checked.be.