MENUISERIE MARCHESE: what changed
MENUISERIE MARCHESE
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Tangible fixed assets -€201,109
down €201,109 (-100%), from €201,109 to €0
of which Land and buildings: -€194,845
- Cash -€18,304
down €18,304 (-34.5%), from €53,080 to €34,775
- Receivables within one year -€7,810
down €7,810 (-18.7%), from €41,867 to €34,056
of which Trade receivables: -€41,867
- Stocks and contracts -€5,626
down €5,626 (-100%), from €5,626 to €0
- Reserves +€238,000
up €238,000 (+265%), from €89,828 to €327,828
of which Distributable reserves: +€238,000
- Debts after one year -€95,542
down €95,542 (-100%), from €95,542 to €0
- Tax, wage and social debts +€87,267
up €87,267 (+362%), from €24,083 to €111,350
- Trade debts -€46,250
down €46,250 (-100%), from €46,250 to €0
- Current portion of long-term debt -€14,512
down €14,512 (-100%), from €14,512 to €0
- Gross operating margin +€253,840
up €253,840 (+477%), from €53,230 to €307,070
- Purchases and services +€180,150
new in 2025: €180,150
- Taxes +€86,585
up €86,585 (+939%), from €9,220 to €95,805
- Depreciation -€13,678
no longer reported in 2025 (was €13,678)
- Financial charges -€3,140
down €3,140 (-60.5%), from €5,188 to €2,048
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,071 | €468,832 | +€166,761 | +55.2% |
| Fixed assets | 21/28 | €201,499 | €0 | -€201,499 | -100% |
| Tangible fixed assets | 22/27 | €201,109 | €0 | -€201,109 | -100% |
| Land and buildings | 22 | €194,845 | €0 | -€194,845 | -100% |
| Plant, machinery and equipment | 23 | €4,383 | €0 | -€4,383 | -100% |
| Furniture and vehicles | 24 | €1,881 | €0 | -€1,881 | -100% |
| Financial fixed assets | 28 | €390 | €0 | -€390 | -100% |
| Current assets | 29/58 | €100,572 | €468,832 | +€368,260 | +366% |
| Stocks and contracts in progress | 3 | €5,626 | €0 | -€5,626 | -100% |
| Stocks | 30/36 | €5,626 | €0 | -€5,626 | -100% |
| Amounts receivable within one year | 40/41 | €41,867 | €34,056 | -€7,810 | -18.7% |
| Trade receivables | 40 | €41,867 | €0 | -€41,867 | -100% |
| Other amounts receivable | 41 | - | €34,056 | +€34,056 | |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €53,080 | €34,775 | -€18,304 | -34.5% |
| Total equity and liabilities | 10/49 | €302,071 | €468,832 | +€166,761 | +55.2% |
| Equity | 10/15 | €118,686 | €357,482 | +€238,795 | +201% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,828 | €327,828 | +€238,000 | +265% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €87,968 | €325,968 | +€238,000 | +271% |
| Profit (loss) carried forward | 14 | €3,099 | €3,894 | +€795 | +25.6% |
| Investment grants | 15 | €7,160 | €7,160 | +€0 | 0.0% |
| Amounts payable | 17/49 | €183,384 | €111,350 | -€72,034 | -39.3% |
| Amounts payable after more than one year | 17 | €95,542 | €0 | -€95,542 | -100% |
| Financial debts | 170/4 | €95,542 | €0 | -€95,542 | -100% |
| Amounts payable within one year | 42/48 | €87,842 | €111,350 | +€23,508 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €14,512 | €0 | -€14,512 | -100% |
| Trade debts | 44 | €46,250 | €0 | -€46,250 | -100% |
| Suppliers | 440/4 | €46,250 | €0 | -€46,250 | -100% |
| Taxes, remuneration and social security | 45 | €24,083 | €111,350 | +€87,267 | +362% |
| Taxes | 450/3 | €24,083 | €111,350 | +€87,267 | +362% |
| Other amounts payable | 47/48 | €2,997 | €0 | -€2,997 | -100% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €180,150 | +€180,150 | |
| Remuneration, social security and pensions | 62 | €3,012 | €0 | -€3,012 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,678 | - | -€13,678 | |
| Other operating charges | 640/8 | €5,377 | €4,245 | -€1,132 | -21.1% |
| Gross operating margin | 9900 | €53,230 | €307,070 | +€253,840 | +477% |
| Operating profit (loss) | 9901 | €31,162 | €302,825 | +€271,663 | +872% |
| Financial income | 75/76B | €2,429 | €183 | -€2,246 | -92.5% |
| Recurring financial income | 75 | €2,429 | €183 | -€2,246 | -92.5% |
| Financial charges | 65/66B | €5,188 | €2,048 | -€3,140 | -60.5% |
| Recurring financial charges | 65 | €5,188 | €2,048 | -€3,140 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €28,403 | €300,960 | +€272,557 | +960% |
| Income taxes | 67/77 | €9,220 | €95,805 | +€86,585 | +939% |
| Profit (loss) for the period | 9904 | €19,183 | €205,155 | +€185,972 | +969% |
| Profit (loss) for the period to be appropriated | 9905 | €19,183 | €205,155 | +€185,972 | +969% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.