BAB MARRAKECH: 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.
BAB MARRAKECH
Largest movements
- Stocks and contracts -€59,101
down €59,101 (-32.4%), from €182,557 to €123,456
- Cash +€57,034
up €57,034 (+243%), from €23,435 to €80,468
mainly Stocks and contracts (+€59,101) and Receivables within one year (+€30,676)
- Receivables within one year -€30,676
down €30,676 (-90.5%), from €33,913 to €3,237
of which Other amounts receivable: -€30,676
- Tangible fixed assets -€12,641
down €12,641 (-20.7%), from €61,102 to €48,461
of which Furniture and vehicles: -€12,774
- Deferred charges and accrued income -€8,150
down €8,150 (-100%), from €8,150 to €0
- Profit (loss) carried forward -€18,986
down €18,986 (-16.8%), from €113,309 to €94,323
- Trade debts -€13,592
down €13,592 (-15.2%), from €89,305 to €75,712
- Tax, wage and social debts -€8,540
down €8,540 (-43.7%), from €19,548 to €11,009
of which Remuneration and social security: -€8,540
- Current portion of long-term debt -€7,900
down €7,900 (-38.6%), from €20,479 to €12,579
- Other debts -€4,517
down €4,517 (-100%), from €4,517 to €0
- Turnover -€97,035
down €97,035 (-7.9%), from €1.2m to €1.1m
- Gross operating margin -€74,997
down €74,997 (-32.1%), from €233,406 to €158,409
- Purchases and services -€62,041
down €62,041 (-6.0%), from €1.0m to €971,016
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 | €309,157 | €255,623 | -€53,534 | -17.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €61,102 | €48,461 | -€12,641 | -20.7% |
| Tangible fixed assets | 22/27 | €61,102 | €48,461 | -€12,641 | -20.7% |
| Plant, machinery and equipment | 23 | €4,118 | €4,723 | +€605 | +14.7% |
| Furniture and vehicles | 24 | €55,216 | €42,443 | -€12,774 | -23.1% |
| Other tangible fixed assets | 26 | €1,768 | €1,296 | -€472 | -26.7% |
| Current assets | 29/58 | €248,055 | €207,162 | -€40,894 | -16.5% |
| Stocks and contracts in progress | 3 | €182,557 | €123,456 | -€59,101 | -32.4% |
| Stocks | 30/36 | €182,557 | €123,456 | -€59,101 | -32.4% |
| Amounts receivable within one year | 40/41 | €33,913 | €3,237 | -€30,676 | -90.5% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €33,913 | €3,237 | -€30,676 | -90.5% |
| Cash at bank and in hand | 54/58 | €23,435 | €80,468 | +€57,034 | +243% |
| Deferred charges and accrued income | 490/1 | €8,150 | €0 | -€8,150 | -100% |
| Total equity and liabilities | 10/49 | €309,157 | €255,623 | -€53,534 | -17.3% |
| Equity | 10/15 | €175,309 | €156,323 | -€18,986 | -10.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Uncalled capital | 101 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,309 | €94,323 | -€18,986 | -16.8% |
| Amounts payable | 17/49 | €133,849 | €99,300 | -€34,549 | -25.8% |
| Amounts payable within one year | 42/48 | €133,849 | €99,300 | -€34,549 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €20,479 | €12,579 | -€7,900 | -38.6% |
| Trade debts | 44 | €89,305 | €75,712 | -€13,592 | -15.2% |
| Suppliers | 440/4 | €89,305 | €75,712 | -€13,592 | -15.2% |
| Taxes, remuneration and social security | 45 | €19,548 | €11,009 | -€8,540 | -43.7% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €19,548 | €11,009 | -€8,540 | -43.7% |
| Other amounts payable | 47/48 | €4,517 | €0 | -€4,517 | -100% |
| Turnover | 70 | €1,226,460 | €1,129,425 | -€97,035 | -7.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,033,057 | €971,016 | -€62,041 | -6.0% |
| Remuneration, social security and pensions | 62 | €163,746 | €153,007 | -€10,739 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,478 | €14,071 | +€6,593 | +88.2% |
| Other operating charges | 640/8 | €772 | €1,494 | +€722 | +93.6% |
| Non-recurring operating charges | 66A | €33,859 | - | -€33,859 | |
| Gross operating margin | 9900 | €233,406 | €158,409 | -€74,997 | -32.1% |
| Operating profit (loss) | 9901 | €27,552 | -€10,162 | -€37,714 | |
| Financial charges | 65/66B | €986 | €1,009 | +€22 | +2.3% |
| Recurring financial charges | 65 | €986 | €1,009 | +€22 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €26,566 | -€11,171 | -€37,736 | |
| Income taxes | 67/77 | €17,881 | €7,815 | -€10,065 | -56.3% |
| Profit (loss) for the period | 9904 | €8,685 | -€18,986 | -€27,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,685 | -€18,986 | -€27,671 |
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 14 October 2026 via checked.be.