MARECHAL Olivier & Co: 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.
MARECHAL Olivier & Co
Largest movements
- Cash +€42,440
up €42,440 (+66.3%), from €64,002 to €106,442
mainly Debts after one year (+€31,217) and Net result for the year (+€28,059)
- Receivables within one year -€7,218
down €7,218 (-12.2%), from €59,141 to €51,922
- Deferred charges and accrued income -€4,570
down €4,570 (-66.2%), from €6,908 to €2,338
- Tangible fixed assets -€2,386
down €2,386 (-17.0%), from €14,042 to €11,656
of which Other tangible fixed assets: -€2,417
- Debts after one year +€31,217
up €31,217 (+40.7%), from €76,678 to €107,895
- Other debts -€3,979
down €3,979 (-8.7%), from €45,933 to €41,954
- Trade debts +€3,658
up €3,658 (+90.4%), from €4,045 to €7,702
- Tax, wage and social debts -€2,630
down €2,630 (-15.1%), from €17,438 to €14,807
- Financial charges +€4,155
up €4,155 (+151%), from €2,746 to €6,901
- Taxes +€3,751
up €3,751 (+35.1%), from €10,671 to €14,422
- Other operating charges +€612
up €612 (+158%), from €387 to €1,000
- Financial income +€571
up €571 (+540%), from €106 to €677
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,093 | €172,358 | +€28,265 | +19.6% |
| Fixed assets | 21/28 | €14,042 | €11,656 | -€2,386 | -17.0% |
| Tangible fixed assets | 22/27 | €14,042 | €11,656 | -€2,386 | -17.0% |
| Furniture and vehicles | 24 | €3,625 | €3,655 | +€31 | +0.8% |
| Other tangible fixed assets | 26 | €10,417 | €8,001 | -€2,417 | -23.2% |
| Current assets | 29/58 | €130,051 | €160,702 | +€30,652 | +23.6% |
| Amounts receivable within one year | 40/41 | €59,141 | €51,922 | -€7,218 | -12.2% |
| Trade receivables | 40 | €59,141 | €51,922 | -€7,218 | -12.2% |
| Cash at bank and in hand | 54/58 | €64,002 | €106,442 | +€42,440 | +66.3% |
| Deferred charges and accrued income | 490/1 | €6,908 | €2,338 | -€4,570 | -66.2% |
| Total equity and liabilities | 10/49 | €144,093 | €172,358 | +€28,265 | +19.6% |
| Amounts payable | 17/49 | €144,093 | €172,358 | +€28,265 | +19.6% |
| Amounts payable after more than one year | 17 | €76,678 | €107,895 | +€31,217 | +40.7% |
| Other amounts payable | 178/9 | €76,678 | €107,895 | +€31,217 | +40.7% |
| Amounts payable within one year | 42/48 | €67,415 | €64,463 | -€2,951 | -4.4% |
| Trade debts | 44 | €4,045 | €7,702 | +€3,658 | +90.4% |
| Suppliers | 440/4 | €4,045 | €7,702 | +€3,658 | +90.4% |
| Taxes, remuneration and social security | 45 | €17,438 | €14,807 | -€2,630 | -15.1% |
| Taxes | 450/3 | €17,438 | €14,807 | -€2,630 | -15.1% |
| Other amounts payable | 47/48 | €45,933 | €41,954 | -€3,979 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,879 | €3,260 | +€381 | +13.2% |
| Other operating charges | 640/8 | €387 | €1,000 | +€612 | +158% |
| Gross operating margin | 9900 | €53,362 | €52,965 | -€397 | -0.7% |
| Operating profit (loss) | 9901 | €50,095 | €48,705 | -€1,391 | -2.8% |
| Financial income | 75/76B | €106 | €677 | +€571 | +540% |
| Recurring financial income | 75 | €106 | €677 | +€571 | +540% |
| Financial charges | 65/66B | €2,746 | €6,901 | +€4,155 | +151% |
| Recurring financial charges | 65 | €2,746 | €6,901 | +€4,155 | +151% |
| Profit (loss) for the period before taxes | 9903 | €47,456 | €42,481 | -€4,975 | -10.5% |
| Income taxes | 67/77 | €10,671 | €14,422 | +€3,751 | +35.1% |
| Profit (loss) for the period | 9904 | €36,784 | €28,059 | -€8,725 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,784 | €28,059 | -€8,725 | -23.7% |
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.