MARGAUX & 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.
MARGAUX & CO
Largest movements
- Cash +€120,894
up €120,894 (+18,885%), from €640 to €121,534
mainly Receivables within one year (+€71,304) and Debts after one year (+€43,050)
- Receivables within one year -€71,304
down €71,304 (-58.5%), from €121,838 to €50,534
of which Other amounts receivable: -€71,408
- Tangible fixed assets -€31,519
down €31,519 (-2.5%), from €1.3m to €1.3m
- Debts after one year +€43,050
up €43,050 (+2.3%), from €1.9m to €1.9m
- Gross operating margin +€35,160
up €35,160 (+82,945%), from €42 to €35,203
- Other operating charges +€3,986
up €3,986 (+67.1%), from €5,939 to €9,925
- Financial income +€353
up €353 (+5.6%), from €6,257 to €6,610
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 | €1,407,913 | €1,428,176 | +€20,264 | +1.4% |
| Fixed assets | 21/28 | €1,285,434 | €1,253,916 | -€31,519 | -2.5% |
| Tangible fixed assets | 22/27 | €1,285,434 | €1,253,916 | -€31,519 | -2.5% |
| Land and buildings | 22 | €1,285,434 | €1,253,916 | -€31,519 | -2.5% |
| Current assets | 29/58 | €122,478 | €174,261 | +€51,782 | +42.3% |
| Amounts receivable within one year | 40/41 | €121,838 | €50,534 | -€71,304 | -58.5% |
| Trade receivables | 40 | €966 | €1,069 | +€103 | +10.7% |
| Other amounts receivable | 41 | €120,872 | €49,465 | -€71,408 | -59.1% |
| Cash at bank and in hand | 54/58 | €640 | €121,534 | +€120,894 | +18,885% |
| Deferred charges and accrued income | 490/1 | €0 | €2,192 | +€2,192 | |
| Total equity and liabilities | 10/49 | €1,407,913 | €1,428,176 | +€20,264 | +1.4% |
| Equity | 10/15 | -€497,639 | -€511,052 | -€13,412 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€503,839 | -€517,252 | -€13,412 | -2.7% |
| Amounts payable | 17/49 | €1,905,552 | €1,939,228 | +€33,676 | +1.8% |
| Amounts payable after more than one year | 17 | €1,892,298 | €1,935,348 | +€43,050 | +2.3% |
| Other amounts payable | 178/9 | €1,892,298 | €1,935,348 | +€43,050 | +2.3% |
| Amounts payable within one year | 42/48 | €13,254 | €3,880 | -€9,374 | -70.7% |
| Trade debts | 44 | €13,254 | €3,880 | -€9,374 | -70.7% |
| Suppliers | 440/4 | €13,254 | €3,880 | -€9,374 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,519 | €31,519 | = | 0.0% |
| Other operating charges | 640/8 | €5,939 | €9,925 | +€3,986 | +67.1% |
| Gross operating margin | 9900 | €42 | €35,203 | +€35,160 | +82,945% |
| Operating profit (loss) | 9901 | -€37,415 | -€6,241 | +€31,175 | +83.3% |
| Financial income | 75/76B | €6,257 | €6,610 | +€353 | +5.6% |
| Recurring financial income | 75 | €6,257 | €6,610 | +€353 | +5.6% |
| Financial charges | 65/66B | €13,567 | €13,782 | +€215 | +1.6% |
| Recurring financial charges | 65 | €13,567 | €13,782 | +€215 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,725 | -€13,412 | +€31,313 | +70.0% |
| Profit (loss) for the period | 9904 | -€44,725 | -€13,412 | +€31,313 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,725 | -€13,412 | +€31,313 | +70.0% |
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 31 October 2026 via checked.be.