PHILIPE MARCHAND: what changed
What changed
PHILIPE MARCHAND
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€107,342
2024 · €131,751-€24,409
Equity
€941,198
2024 · €833,855+€107,342
Cash
€488,552
2024 · €391,864+€96,687
Balance sheet total
€1.2m
2024 · €1.1m+€55,220
Largest movements
Assets
- Cash +€96,687
up €96,687 (+24.7%), from €391,864 to €488,552
mainly Depreciation (+€124,526) and Net result for the year (+€107,342)
- Tangible fixed assets -€82,922
down €82,922 (-14.6%), from €566,496 to €483,573
of which Leasing and similar rights: -€83,132
- Current investments +€55,637
up €55,637 (+1,275%), from €4,363 to €60,000
- Receivables within one year -€12,495
down €12,495 (-12.0%), from €104,020 to €91,525
of which Other amounts receivable: -€8,554
Equity and liabilities
- Reserves +€107,342
up €107,342 (+13.7%), from €783,855 to €891,198
of which Distributable reserves: +€107,342
- Debts after one year -€78,500
down €78,500 (-41.6%), from €188,911 to €110,411
- Trade debts +€16,074
up €16,074 (+205%), from €7,855 to €23,929
Income statement
- Gross operating margin -€25,151
down €25,151 (-8.0%), from €312,434 to €287,283
- Depreciation +€14,550
up €14,550 (+13.2%), from €109,975 to €124,526
- Taxes -€11,022
down €11,022 (-20.4%), from €54,105 to €43,083
- Financial charges -€6,053
down €6,053 (-41.1%), from €14,730 to €8,677
Change in the result, 2024 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.
Result 2024
€131,751
Gross operating margin
-€25,151
Depreciation
-€14,550
Other operating charges
-€1,868
Financial income
+€85
Financial charges
+€6,053
Taxes
+€11,022
Result 2025
€107,342
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€265,928
Investment
-€97,240
Financing
-€72,001
Cash 2024
€391,864
From operations (derived)
+€265,928
Net result for the year
+€107,342
Depreciation
+€124,526
Stocks and contracts
+€7,413
Receivables within one year
+€12,495
Deferred charges and accrued income
-€5,726
Trade debts
+€16,074
Tax, wage and social debts
+€2,267
Other debts
+€1,538
Investment (derived)
-€97,240
Investment in fixed assets (net)
-€41,603
Current investments
-€55,637
Financing
-€72,001
Debts after one year
-€78,500
Current portion of long-term debt
+€3,836
Short-term financial debts
+€2,663
Cash 2025
€488,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,124,939 | €1,180,160 | +€55,220 | +4.9% |
| Fixed assets | 21/28 | €566,701 | €483,779 | -€82,922 | -14.6% |
| Tangible fixed assets | 22/27 | €566,496 | €483,573 | -€82,922 | -14.6% |
| Land and buildings | 22 | €85,010 | €87,249 | +€2,239 | +2.6% |
| Plant, machinery and equipment | 23 | €120,634 | €102,557 | -€18,077 | -15.0% |
| Furniture and vehicles | 24 | €12,800 | €28,848 | +€16,048 | +125% |
| Leasing and similar rights | 25 | €348,051 | €264,919 | -€83,132 | -23.9% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €558,238 | €696,380 | +€138,142 | +24.7% |
| Stocks and contracts in progress | 3 | €49,721 | €42,308 | -€7,413 | -14.9% |
| Stocks | 30/36 | €45,404 | €42,308 | -€3,096 | -6.8% |
| Contracts in progress | 37 | €4,317 | €0 | -€4,317 | -100% |
| Amounts receivable within one year | 40/41 | €104,020 | €91,525 | -€12,495 | -12.0% |
| Trade receivables | 40 | €92,913 | €88,972 | -€3,941 | -4.2% |
| Other amounts receivable | 41 | €11,107 | €2,553 | -€8,554 | -77.0% |
| Current investments | 50/53 | €4,363 | €60,000 | +€55,637 | +1,275% |
| Cash at bank and in hand | 54/58 | €391,864 | €488,552 | +€96,687 | +24.7% |
| Deferred charges and accrued income | 490/1 | €8,269 | €13,995 | +€5,726 | +69.2% |
| Total equity and liabilities | 10/49 | €1,124,939 | €1,180,160 | +€55,220 | +4.9% |
| Equity | 10/15 | €833,855 | €941,198 | +€107,342 | +12.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €783,855 | €891,198 | +€107,342 | +13.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €783,855 | €891,198 | +€107,342 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €291,084 | €238,962 | -€52,122 | -17.9% |
| Amounts payable after more than one year | 17 | €188,911 | €110,411 | -€78,500 | -41.6% |
| Financial debts | 170/4 | €188,911 | €110,411 | -€78,500 | -41.6% |
| Amounts payable within one year | 42/48 | €102,173 | €128,551 | +€26,378 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €77,153 | €80,989 | +€3,836 | +5.0% |
| Financial debts | 43 | €10,126 | €12,788 | +€2,663 | +26.3% |
| Credit institutions | 430/8 | €10,126 | €12,788 | +€2,663 | +26.3% |
| Trade debts | 44 | €7,855 | €23,929 | +€16,074 | +205% |
| Suppliers | 440/4 | €7,855 | €23,929 | +€16,074 | +205% |
| Taxes, remuneration and social security | 45 | €7,040 | €9,307 | +€2,267 | +32.2% |
| Taxes | 450/3 | €1,624 | €9,307 | +€7,683 | +473% |
| Remuneration and social security | 454/9 | €5,416 | €0 | -€5,416 | -100% |
| Other amounts payable | 47/48 | €0 | €1,538 | +€1,538 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,975 | €124,526 | +€14,550 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,621 | €4,489 | +€1,868 | +71.2% |
| Gross operating margin | 9900 | €312,434 | €287,283 | -€25,151 | -8.0% |
| Operating profit (loss) | 9901 | €199,837 | €158,269 | -€41,569 | -20.8% |
| Financial income | 75/76B | €749 | €834 | +€85 | +11.3% |
| Recurring financial income | 75 | €749 | €834 | +€85 | +11.3% |
| Financial charges | 65/66B | €14,730 | €8,677 | -€6,053 | -41.1% |
| Recurring financial charges | 65 | €14,730 | €8,677 | -€6,053 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €185,857 | €150,426 | -€35,431 | -19.1% |
| Income taxes | 67/77 | €54,105 | €43,083 | -€11,022 | -20.4% |
| Profit (loss) for the period | 9904 | €131,751 | €107,342 | -€24,409 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €131,751 | €107,342 | -€24,409 | -18.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.