MARGAUX & DECO: 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 & DECO
Largest movements
- Receivables within one year -€298
no longer reported in 2025 (was €298)
- Formation expenses -€272
no longer reported in 2025 (was €272)
- Other debts +€3,808
up €3,808 (+4.5%), from €83,952 to €87,761
- Profit (loss) carried forward -€2,518
down €2,518 (-3.1%), from -€81,089 to -€83,607
- Trade debts -€1,836
down €1,836 (-76.5%), from €2,398 to €563
- Financial charges -€622
down €622 (-60.3%), from €1,033 to €410
- Gross operating margin +€293
up €293 (+15.2%), from -€1,931 to -€1,638
- Other operating charges -€190
down €190 (-49.0%), from €387 to €197
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 | €7,262 | €6,716 | -€546 | -7.5% |
| Formation expenses | 20 | €272 | - | -€272 | |
| Current assets | 29/58 | €6,990 | €6,716 | -€274 | -3.9% |
| Stocks and contracts in progress | 3 | €6,601 | €6,601 | = | 0.0% |
| Stocks | 30/36 | €6,601 | €6,601 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €298 | - | -€298 | |
| Other amounts receivable | 41 | €298 | - | -€298 | |
| Cash at bank and in hand | 54/58 | €91 | €115 | +€24 | +26.9% |
| Total equity and liabilities | 10/49 | €7,262 | €6,716 | -€546 | -7.5% |
| Equity | 10/15 | -€79,089 | -€81,607 | -€2,518 | -3.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,089 | -€83,607 | -€2,518 | -3.1% |
| Amounts payable | 17/49 | €86,351 | €88,323 | +€1,972 | +2.3% |
| Amounts payable within one year | 42/48 | €86,351 | €88,323 | +€1,972 | +2.3% |
| Trade debts | 44 | €2,398 | €563 | -€1,836 | -76.5% |
| Suppliers | 440/4 | €2,398 | €563 | -€1,836 | -76.5% |
| Other amounts payable | 47/48 | €83,952 | €87,761 | +€3,808 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €272 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €197 | -€190 | -49.0% |
| Gross operating margin | 9900 | -€1,931 | -€1,638 | +€293 | +15.2% |
| Operating profit (loss) | 9901 | -€2,591 | -€2,108 | +€483 | +18.6% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,033 | €410 | -€622 | -60.3% |
| Recurring financial charges | 65 | €1,033 | €410 | -€622 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,614 | -€2,518 | +€1,096 | +30.3% |
| Profit (loss) for the period | 9904 | -€3,614 | -€2,518 | +€1,096 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,614 | -€2,518 | +€1,096 | +30.3% |
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 26 October 2026 via checked.be.