MARBAIX ET Cie: 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.
MARBAIX ET Cie
Largest movements
- Tangible fixed assets -€40,882
down €40,882 (-9.2%), from €446,622 to €405,739
of which Other tangible fixed assets: -€40,580
- Cash +€25,046
up €25,046 (+45.2%), from €55,449 to €80,495
mainly Depreciation (+€40,879) and Other debts (+€2,346)
- Reserves -€10,431
down €10,431 (-9.2%), from €113,767 to €103,337
of which Distributable reserves: -€8,200
- Profit (loss) carried forward -€7,858
down €7,858 (-8.0%), from -€98,569 to -€106,427
- Gross operating margin +€2,024
up €2,024 (+5.7%), from €35,817 to €37,841
- Depreciation -€1,732
down €1,732 (-4.1%), from €42,611 to €40,879
- Financial charges -€754
down €754 (-22.4%), from €3,361 to €2,607
- Financial income -€739
down €739 (-35.5%), from €2,082 to €1,343
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 | €559,481 | €540,952 | -€18,529 | -3.3% |
| Fixed assets | 21/28 | €450,130 | €409,130 | -€41,000 | -9.1% |
| Tangible fixed assets | 22/27 | €446,622 | €405,739 | -€40,882 | -9.2% |
| Land and buildings | 22 | €62,305 | €62,305 | = | 0.0% |
| Plant, machinery and equipment | 23 | €437 | €135 | -€302 | -69.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €383,880 | €343,300 | -€40,580 | -10.6% |
| Financial fixed assets | 28 | €3,508 | €3,390 | -€118 | -3.4% |
| Current assets | 29/58 | €109,351 | €131,822 | +€22,471 | +20.5% |
| Amounts receivable within one year | 40/41 | €1,824 | €115 | -€1,709 | -93.7% |
| Trade receivables | 40 | €1,477 | €0 | -€1,477 | -100% |
| Other amounts receivable | 41 | €347 | €115 | -€233 | -67.0% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,449 | €80,495 | +€25,046 | +45.2% |
| Deferred charges and accrued income | 490/1 | €2,078 | €1,212 | -€866 | -41.7% |
| Total equity and liabilities | 10/49 | €559,481 | €540,952 | -€18,529 | -3.3% |
| Equity | 10/15 | €492,636 | €473,965 | -€18,671 | -3.8% |
| Contributions | 10/11 | €474,000 | €474,000 | = | 0.0% |
| Reserves | 13 | €113,767 | €103,337 | -€10,431 | -9.2% |
| Tax-exempt reserves | 132 | €53,538 | €51,308 | -€2,231 | -4.2% |
| Distributable reserves | 133 | €60,229 | €52,029 | -€8,200 | -13.6% |
| Profit (loss) carried forward | 14 | -€98,569 | -€106,427 | -€7,858 | -8.0% |
| Investment grants | 15 | €3,438 | €3,056 | -€382 | -11.1% |
| Provisions and deferred taxes | 16 | €18,992 | €18,121 | -€871 | -4.6% |
| Deferred taxes | 168 | €18,992 | €18,121 | -€871 | -4.6% |
| Amounts payable | 17/49 | €47,852 | €48,865 | +€1,013 | +2.1% |
| Amounts payable within one year | 42/48 | €44,656 | €46,434 | +€1,778 | +4.0% |
| Trade debts | 44 | €3,041 | €2,701 | -€340 | -11.2% |
| Suppliers | 440/4 | €3,041 | €2,701 | -€340 | -11.2% |
| Taxes, remuneration and social security | 45 | €1,001 | €773 | -€228 | -22.8% |
| Taxes | 450/3 | €1,001 | €773 | -€228 | -22.8% |
| Other amounts payable | 47/48 | €40,615 | €42,960 | +€2,346 | +5.8% |
| Accrued charges and deferred income | 492/3 | €3,196 | €2,431 | -€765 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,611 | €40,879 | -€1,732 | -4.1% |
| Other operating charges | 640/8 | €6,351 | €6,482 | +€131 | +2.1% |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | €35,817 | €37,841 | +€2,024 | +5.7% |
| Operating profit (loss) | 9901 | -€13,145 | -€9,523 | +€3,621 | +27.6% |
| Financial income | 75/76B | €2,082 | €1,343 | -€739 | -35.5% |
| Recurring financial income | 75 | €2,082 | €1,343 | -€739 | -35.5% |
| Financial charges | 65/66B | €3,361 | €2,607 | -€754 | -22.4% |
| Recurring financial charges | 65 | €3,361 | €2,607 | -€754 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,424 | -€10,787 | +€3,637 | +25.2% |
| Transfer from deferred taxes | 780 | €871 | €871 | = | 0.0% |
| Income taxes | 67/77 | €162 | €173 | +€11 | +6.7% |
| Profit (loss) for the period | 9904 | -€13,715 | -€10,089 | +€3,626 | +26.4% |
| Transfer from tax-exempt reserves | 789 | €2,231 | €2,231 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,484 | -€7,858 | +€3,626 | +31.6% |
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 31 October 2026 via checked.be.