Mar-Sell: 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.
Mar-Sell
Largest movements
- Stocks and contracts +€26,433
new in 2025: €26,433
- Cash +€10,456
up €10,456 (+189%), from €5,534 to €15,990
mainly Net result for the year (+€28,118) and Trade debts (+€15,144)
- Receivables within one year +€2,148
up €2,148 (+300%), from €717 to €2,865
- Trade debts +€15,144
up €15,144 (+3,492%), from €434 to €15,578
- Reserves +€11,733
new in 2025: €11,733
- Other debts +€7,800
up €7,800 (+108%), from €7,200 to €15,000
- Tax, wage and social debts +€2,974
new in 2025: €2,974
- Profit (loss) carried forward +€1,385
no longer reported in 2025 (was -€1,385)
- Gross operating margin +€38,077
up €38,077, from -€2,648 to €35,429
- Taxes +€6,486
new in 2025: €6,486
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 | €6,251 | €45,288 | +€39,037 | +624% |
| Current assets | 29/58 | €6,251 | €45,288 | +€39,037 | +624% |
| Stocks and contracts in progress | 3 | - | €26,433 | +€26,433 | |
| Stocks | 30/36 | - | €26,433 | +€26,433 | |
| Amounts receivable within one year | 40/41 | €717 | €2,865 | +€2,148 | +300% |
| Other amounts receivable | 41 | €717 | €2,865 | +€2,148 | +300% |
| Cash at bank and in hand | 54/58 | €5,534 | €15,990 | +€10,456 | +189% |
| Total equity and liabilities | 10/49 | €6,251 | €45,288 | +€39,037 | +624% |
| Equity | 10/15 | -€1,383 | €11,736 | +€13,119 | |
| Contributions | 10/11 | €2 | €3 | +€1 | +50.0% |
| Reserves | 13 | - | €11,733 | +€11,733 | |
| Distributable reserves | 133 | - | €11,733 | +€11,733 | |
| Profit (loss) carried forward | 14 | -€1,385 | - | +€1,385 | |
| Amounts payable | 17/49 | €7,634 | €33,552 | +€25,918 | +340% |
| Amounts payable within one year | 42/48 | €7,634 | €33,552 | +€25,918 | +340% |
| Trade debts | 44 | €434 | €15,578 | +€15,144 | +3,492% |
| Suppliers | 440/4 | €434 | €15,578 | +€15,144 | +3,492% |
| Taxes, remuneration and social security | 45 | - | €2,974 | +€2,974 | |
| Taxes | 450/3 | - | €2,974 | +€2,974 | |
| Other amounts payable | 47/48 | €7,200 | €15,000 | +€7,800 | +108% |
| Other operating charges | 640/8 | €573 | €757 | +€184 | +32.1% |
| Gross operating margin | 9900 | -€2,648 | €35,429 | +€38,077 | |
| Operating profit (loss) | 9901 | -€3,221 | €34,672 | +€37,893 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €79 | €69 | -€10 | -13.0% |
| Recurring financial charges | 65 | €79 | €69 | -€10 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,295 | €34,604 | +€37,899 | |
| Income taxes | 67/77 | - | €6,486 | +€6,486 | |
| Profit (loss) for the period | 9904 | -€3,295 | €28,118 | +€31,413 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,295 | €28,118 | +€31,413 |
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 20 October 2026 via checked.be.