La Marelle: 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.
La Marelle
Largest movements
- Tangible fixed assets +€472,545
up €472,545 (+53.8%), from €877,782 to €1.4m
of which Land and buildings: +€462,674
- Cash +€461,441
up €461,441 (+1,444%), from €31,951 to €493,392
mainly Contributions, distributions and other (+€819,130) and Debts within one year (+€251,293)
- Current investments +€150,000
up €150,000 (+75.0%), from €200,000 to €350,000
- Receivables within one year +€68,226
up €68,226 (+79.0%), from €86,403 to €154,630
of which Other amounts receivable: +€50,859
- Deferred charges and accrued income -€35,088
down €35,088 (-63.6%), from €55,130 to €20,042
- Profit (loss) carried forward +€729,987
up €729,987 (+247%), from €296,105 to €1.0m
- Debts within one year +€251,293
up €251,293 (+86.6%), from €290,266 to €541,559
of which Tax, wage and social debts: +€267,265
- Debts after one year +€92,501
up €92,501 (+31.5%), from €294,006 to €386,507
- Investment grants +€43,108
up €43,108 (+11.6%), from €370,889 to €413,997
- Staff costs +€252,766
up €252,766 (+15.3%), from €1.7m to €1.9m
- Gross operating margin +€208,882
up €208,882 (+12.1%), from €1.7m to €1.9m
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 | €1,251,266 | €2,369,254 | +€1.1m | +89.3% |
| Fixed assets | 21/28 | €877,782 | €1,351,191 | +€473,409 | +53.9% |
| Tangible fixed assets | 22/27 | €877,782 | €1,350,326 | +€472,545 | +53.8% |
| Land and buildings | 22 | €841,838 | €1,304,512 | +€462,674 | +55.0% |
| Plant, machinery and equipment | 23 | €19,149 | €14,499 | -€4,650 | -24.3% |
| Furniture and vehicles | 24 | €16,794 | €31,315 | +€14,521 | +86.5% |
| Financial fixed assets | 28 | - | €865 | +€865 | |
| Current assets | 29/58 | €373,484 | €1,018,063 | +€644,579 | +173% |
| Amounts receivable within one year | 40/41 | €86,403 | €154,630 | +€68,226 | +79.0% |
| Trade receivables | 40 | €19,061 | €36,428 | +€17,367 | +91.1% |
| Other amounts receivable | 41 | €67,342 | €118,201 | +€50,859 | +75.5% |
| Current investments | 50/53 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €31,951 | €493,392 | +€461,441 | +1,444% |
| Deferred charges and accrued income | 490/1 | €55,130 | €20,042 | -€35,088 | -63.6% |
| Total equity and liabilities | 10/49 | €1,251,266 | €2,369,254 | +€1.1m | +89.3% |
| Equity | 10/15 | €666,994 | €1,440,088 | +€773,095 | +116% |
| Profit (loss) carried forward | 14 | €296,105 | €1,026,092 | +€729,987 | +247% |
| Investment grants | 15 | €370,889 | €413,997 | +€43,108 | +11.6% |
| Amounts payable | 17/49 | €584,272 | €929,166 | +€344,894 | +59.0% |
| Amounts payable after more than one year | 17 | €294,006 | €386,507 | +€92,501 | +31.5% |
| Financial debts | 170/4 | €294,006 | €386,507 | +€92,501 | +31.5% |
| Amounts payable within one year | 42/48 | €290,266 | €541,559 | +€251,293 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €7,397 | €7,499 | +€102 | +1.4% |
| Trade debts | 44 | €27,717 | €24,900 | -€2,817 | -10.2% |
| Suppliers | 440/4 | €27,717 | €24,900 | -€2,817 | -10.2% |
| Taxes, remuneration and social security | 45 | €227,552 | €494,817 | +€267,265 | +117% |
| Taxes | 450/3 | €1,624 | €67,539 | +€65,915 | +4,060% |
| Remuneration and social security | 454/9 | €225,928 | €427,278 | +€201,350 | +89.1% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Remuneration, social security and pensions | 62 | €1,656,511 | €1,909,277 | +€252,766 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,369 | €68,189 | +€13,820 | +25.4% |
| Other operating charges | 640/8 | €7,170 | €9,273 | +€2,103 | +29.3% |
| Non-recurring operating charges | 66A | €320 | - | -€320 | |
| Gross operating margin | 9900 | €1,725,103 | €1,933,985 | +€208,882 | +12.1% |
| Operating profit (loss) | 9901 | €6,733 | -€47,435 | -€54,168 | |
| Financial income | 75/76B | €7,162 | €3,896 | -€3,266 | -45.6% |
| Recurring financial income | 75 | €7,162 | €3,896 | -€3,266 | -45.6% |
| Financial charges | 65/66B | €2,338 | €2,496 | +€158 | +6.8% |
| Recurring financial charges | 65 | €2,338 | €2,496 | +€158 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €11,557 | -€46,035 | -€57,592 | |
| Profit (loss) for the period | 9904 | €11,557 | -€46,035 | -€57,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,557 | -€46,035 | -€57,592 |
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 15 October 2026 via checked.be.