MARGUERITE CONCEPT: 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.
MARGUERITE CONCEPT
Largest movements
- Cash -€35,002
down €35,002 (-60.3%), from €58,002 to €23,000
mainly Investment in fixed assets (net) (-€25,947) and Net result for the year (-€15,855)
- Tangible fixed assets +€17,556
up €17,556 (+294%), from €5,980 to €23,536
of which Furniture and vehicles: +€18,518
- Deferred charges and accrued income +€2,757
new in 2025: €2,757
- Receivables within one year +€2,695
up €2,695 (+21.1%), from €12,768 to €15,463
of which Trade receivables: +€6,846
- Profit (loss) carried forward -€15,855
down €15,855, from €1,812 to -€14,043
- Debts after one year +€15,476
new in 2025: €15,476
- Other debts -€14,601
down €14,601 (-70.9%), from €20,601 to €6,000
- Current portion of long-term debt +€6,071
new in 2025: €6,071
- Reserves -€6,000
down €6,000 (-18.5%), from €32,379 to €26,379
of which Distributable reserves: -€6,000
- Gross operating margin -€17,087
down €17,087, from €11,135 to -€5,952
- Depreciation +€5,375
up €5,375 (+178%), from €3,016 to €8,391
- Financial charges +€508
up €508 (+176%), from €289 to €798
- Taxes -€490
down €490 (-78.8%), from €622 to €132
- Other operating charges -€278
down €278 (-28.2%), from €988 to €710
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 | €76,999 | €65,005 | -€11,995 | -15.6% |
| Fixed assets | 21/28 | €6,230 | €23,786 | +€17,556 | +282% |
| Tangible fixed assets | 22/27 | €5,980 | €23,536 | +€17,556 | +294% |
| Furniture and vehicles | 24 | €2,131 | €20,649 | +€18,518 | +869% |
| Other tangible fixed assets | 26 | €3,849 | €2,886 | -€962 | -25.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €70,770 | €41,219 | -€29,551 | -41.8% |
| Amounts receivable within one year | 40/41 | €12,768 | €15,463 | +€2,695 | +21.1% |
| Trade receivables | 40 | €6,287 | €13,133 | +€6,846 | +109% |
| Other amounts receivable | 41 | €6,481 | €2,330 | -€4,151 | -64.0% |
| Cash at bank and in hand | 54/58 | €58,002 | €23,000 | -€35,002 | -60.3% |
| Deferred charges and accrued income | 490/1 | - | €2,757 | +€2,757 | |
| Total equity and liabilities | 10/49 | €76,999 | €65,005 | -€11,995 | -15.6% |
| Equity | 10/15 | €52,783 | €30,928 | -€21,855 | -41.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,379 | €26,379 | -€6,000 | -18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,379 | €26,379 | -€6,000 | -18.5% |
| Profit (loss) carried forward | 14 | €1,812 | -€14,043 | -€15,855 | |
| Amounts payable | 17/49 | €24,216 | €34,076 | +€9,860 | +40.7% |
| Amounts payable after more than one year | 17 | - | €15,476 | +€15,476 | |
| Financial debts | 170/4 | - | €15,476 | +€15,476 | |
| Amounts payable within one year | 42/48 | €24,216 | €18,600 | -€5,616 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,071 | +€6,071 | |
| Trade debts | 44 | €199 | €150 | -€50 | -24.9% |
| Suppliers | 440/4 | €199 | €150 | -€50 | -24.9% |
| Taxes, remuneration and social security | 45 | €3,416 | €6,379 | +€2,964 | +86.8% |
| Taxes | 450/3 | €3,416 | €4,219 | +€804 | +23.5% |
| Remuneration and social security | 454/9 | €0 | €2,160 | +€2,160 | |
| Other amounts payable | 47/48 | €20,601 | €6,000 | -€14,601 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,016 | €8,391 | +€5,375 | +178% |
| Other operating charges | 640/8 | €988 | €710 | -€278 | -28.2% |
| Gross operating margin | 9900 | €11,135 | -€5,952 | -€17,087 | |
| Operating profit (loss) | 9901 | €7,131 | -€15,052 | -€22,183 | |
| Financial income | 75/76B | €0 | €127 | +€127 | |
| Recurring financial income | 75 | €0 | €127 | +€127 | |
| Financial charges | 65/66B | €289 | €798 | +€508 | +176% |
| Recurring financial charges | 65 | €289 | €798 | +€508 | +176% |
| Profit (loss) for the period before taxes | 9903 | €6,841 | -€15,723 | -€22,564 | |
| Income taxes | 67/77 | €622 | €132 | -€490 | -78.8% |
| Profit (loss) for the period | 9904 | €6,219 | -€15,855 | -€22,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,219 | -€15,855 | -€22,074 |
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 23 October 2026 via checked.be.