MARECHAL - SERVICE: 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
MARECHAL - SERVICE
NACE 95.290, Repair and maintenance of other personal and household goods
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€18,188
2025 · €46,731-€28,543
Equity
€323,251
2025 · €305,063+€18,188
Cash
€100,028
2025 · €104,801-€4,774
Balance sheet total
€766,424
2025 · €871,486-€105,062
Largest movements
Assets
- Receivables within one year -€98,281
down €98,281 (-20.6%), from €476,910 to €378,629
of which Trade receivables: -€94,926
Equity and liabilities
- Tax, wage and social debts -€59,282
down €59,282 (-40.0%), from €148,252 to €88,970
of which Remuneration and social security: -€46,163
- Advances received -€53,650
down €53,650 (-49.6%), from €108,200 to €54,550
- Profit (loss) carried forward +€18,188
up €18,188 (+11.2%), from €162,131 to €180,319
- Accrued charges and deferred income -€16,200
no longer reported in 2026 (was €16,200)
Income statement
- Staff costs +€37,727
up €37,727 (+5.2%), from €724,012 to €761,739
- Gross operating margin -€30,107
down €30,107 (-3.6%), from €837,460 to €807,353
- Other operating charges -€21,478
down €21,478 (-92.7%), from €23,174 to €1,696
- Taxes -€15,565
down €15,565 (-59.1%), from €26,350 to €10,786
- Financial charges -€10,120
down €10,120 (-56.4%), from €17,930 to €7,811
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
€46,731
Gross operating margin
-€30,107
Staff costs
-€37,727
Depreciation
+€1,956
Other operating charges
+€21,478
Other operating items
-€83
Financial income
-€9,745
Financial charges
+€10,120
Taxes
+€15,565
Result 2026
€18,188
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
+€9,936
Investment
-€7,059
Financing
-€7,651
Cash 2025
€104,801
From operations (derived)
+€9,936
Net result for the year
+€18,188
Depreciation
+€9,740
Stocks and contracts
+€356
Receivables within one year
+€98,281
Deferred charges and accrued income
-€1,030
Trade debts
+€7,528
Tax, wage and social debts
-€59,282
Advances received
-€53,650
Other debts
+€6,005
Accrued charges and deferred income
-€16,200
Investment (derived)
-€7,059
Investment in fixed assets (net)
-€7,059
Financing
-€7,651
Debts after one year
-€5,695
Current portion of long-term debt
-€1,956
Cash 2026
€100,028
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,486 | €766,424 | -€105,062 | -12.1% |
| Fixed assets | 21/28 | €20,239 | €17,558 | -€2,681 | -13.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €19,047 | €16,366 | -€2,681 | -14.1% |
| Plant, machinery and equipment | 23 | €9,457 | €8,108 | -€1,349 | -14.3% |
| Furniture and vehicles | 24 | €9,590 | €8,258 | -€1,332 | -13.9% |
| Financial fixed assets | 28 | €1,192 | €1,192 | = | 0.0% |
| Current assets | 29/58 | €851,248 | €748,867 | -€102,381 | -12.0% |
| Stocks and contracts in progress | 3 | €239,422 | €239,066 | -€356 | -0.1% |
| Stocks | 30/36 | €239,422 | €239,066 | -€356 | -0.1% |
| Amounts receivable within one year | 40/41 | €476,910 | €378,629 | -€98,281 | -20.6% |
| Trade receivables | 40 | €398,740 | €303,815 | -€94,926 | -23.8% |
| Other amounts receivable | 41 | €78,170 | €74,815 | -€3,356 | -4.3% |
| Cash at bank and in hand | 54/58 | €104,801 | €100,028 | -€4,774 | -4.6% |
| Deferred charges and accrued income | 490/1 | €30,114 | €31,144 | +€1,030 | +3.4% |
| Total equity and liabilities | 10/49 | €871,486 | €766,424 | -€105,062 | -12.1% |
| Equity | 10/15 | €305,063 | €323,251 | +€18,188 | +6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €80,932 | €80,932 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,605 | €6,605 | = | 0.0% |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Reserves not available under the articles | 1311 | €405 | €6,605 | +€6,200 | +1530.2% |
| Tax-exempt reserves | 132 | €25,146 | €25,146 | = | 0.0% |
| Distributable reserves | 133 | €49,181 | €49,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,131 | €180,319 | +€18,188 | +11.2% |
| Amounts payable | 17/49 | €566,423 | €443,173 | -€123,250 | -21.8% |
| Amounts payable after more than one year | 17 | €5,695 | - | -€5,695 | |
| Financial debts | 170/4 | €5,695 | - | -€5,695 | |
| Amounts payable within one year | 42/48 | €544,528 | €443,173 | -€101,355 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €7,651 | €5,695 | -€1,956 | -25.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €180,425 | €187,953 | +€7,528 | +4.2% |
| Suppliers | 440/4 | €180,425 | €187,953 | +€7,528 | +4.2% |
| Advances received on contracts in progress | 46 | €108,200 | €54,550 | -€53,650 | -49.6% |
| Taxes, remuneration and social security | 45 | €148,252 | €88,970 | -€59,282 | -40.0% |
| Taxes | 450/3 | €30,995 | €17,877 | -€13,118 | -42.3% |
| Remuneration and social security | 454/9 | €117,257 | €71,093 | -€46,163 | -39.4% |
| Other amounts payable | 47/48 | - | €6,005 | +€6,005 | |
| Accrued charges and deferred income | 492/3 | €16,200 | - | -€16,200 | |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Remuneration, social security and pensions | 62 | €724,012 | €761,739 | +€37,727 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,696 | €9,740 | -€1,956 | -16.7% |
| Other operating charges | 640/8 | €23,174 | €1,696 | -€21,478 | -92.7% |
| Non-recurring operating charges | 66A | - | €83 | +€83 | |
| Gross operating margin | 9900 | €837,460 | €807,353 | -€30,107 | -3.6% |
| Operating profit (loss) | 9901 | €78,578 | €34,095 | -€44,483 | -56.6% |
| Financial income | 75/76B | €12,434 | €2,689 | -€9,745 | -78.4% |
| Recurring financial income | 75 | €12,434 | €2,689 | -€9,745 | -78.4% |
| Financial charges | 65/66B | €17,930 | €7,811 | -€10,120 | -56.4% |
| Recurring financial charges | 65 | €17,930 | €7,811 | -€10,120 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €73,081 | €28,973 | -€44,108 | -60.4% |
| Income taxes | 67/77 | €26,350 | €10,786 | -€15,565 | -59.1% |
| Profit (loss) for the period | 9904 | €46,731 | €18,188 | -€28,543 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,731 | €18,188 | -€28,543 | -61.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.