MARBEA: 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.
MARBEA
Largest movements
- Cash -€37,131
down €37,131 (-54.1%), from €68,664 to €31,533
mainly Investment in fixed assets (net) (-€78,802) and Debts after one year (-€36,721)
- Tangible fixed assets +€30,051
up €30,051 (+6.9%), from €436,074 to €466,126
of which Furniture and vehicles: +€19,502
- Deferred charges and accrued income -€12,511
down €12,511 (-67.5%), from €18,546 to €6,035
- Receivables within one year +€8,958
up €8,958 (+1,024%), from €875 to €9,833
- Debts after one year -€36,721
down €36,721 (-16.1%), from €228,693 to €191,972
- Reserves +€20,010
up €20,010 (+54.9%), from €36,422 to €56,432
- Trade debts +€7,610
up €7,610 (+21.3%), from €35,687 to €43,297
- Staff costs +€15,306
up €15,306 (+18.3%), from €83,647 to €98,953
- Gross operating margin -€13,066
down €13,066 (-5.3%), from €246,635 to €233,570
- Taxes -€11,574
down €11,574 (-79.6%), from €14,532 to €2,958
- Financial charges +€4,571
up €4,571 (+26.1%), from €17,540 to €22,111
- Other operating charges +€2,992
up €2,992 (+7.9%), from €37,922 to €40,914
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,493 | €521,624 | -€12,869 | -2.4% |
| Fixed assets | 21/28 | €436,324 | €466,376 | +€30,051 | +6.9% |
| Tangible fixed assets | 22/27 | €436,074 | €466,126 | +€30,051 | +6.9% |
| Land and buildings | 22 | €377,442 | €382,427 | +€4,985 | +1.3% |
| Plant, machinery and equipment | 23 | €53,533 | €59,907 | +€6,374 | +11.9% |
| Furniture and vehicles | 24 | €2,671 | €22,173 | +€19,502 | +730% |
| Other tangible fixed assets | 26 | €2,429 | €1,619 | -€810 | -33.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €98,168 | €55,248 | -€42,920 | -43.7% |
| Stocks and contracts in progress | 3 | €10,083 | €7,848 | -€2,235 | -22.2% |
| Stocks | 30/36 | €10,083 | €7,848 | -€2,235 | -22.2% |
| Amounts receivable within one year | 40/41 | €875 | €9,833 | +€8,958 | +1,024% |
| Other amounts receivable | 41 | €875 | €9,833 | +€8,958 | +1,024% |
| Cash at bank and in hand | 54/58 | €68,664 | €31,533 | -€37,131 | -54.1% |
| Deferred charges and accrued income | 490/1 | €18,546 | €6,035 | -€12,511 | -67.5% |
| Total equity and liabilities | 10/49 | €534,493 | €521,624 | -€12,869 | -2.4% |
| Equity | 10/15 | €146,422 | €166,432 | +€20,010 | +13.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €36,422 | €56,432 | +€20,010 | +54.9% |
| Distributable reserves | 133 | €36,422 | €56,432 | +€20,010 | +54.9% |
| Amounts payable | 17/49 | €388,070 | €355,192 | -€32,879 | -8.5% |
| Amounts payable after more than one year | 17 | €228,693 | €191,972 | -€36,721 | -16.1% |
| Financial debts | 170/4 | €228,693 | €191,972 | -€36,721 | -16.1% |
| Amounts payable within one year | 42/48 | €155,291 | €157,739 | +€2,448 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €32,467 | €34,980 | +€2,514 | +7.7% |
| Trade debts | 44 | €35,687 | €43,297 | +€7,610 | +21.3% |
| Suppliers | 440/4 | €35,687 | €43,297 | +€7,610 | +21.3% |
| Taxes, remuneration and social security | 45 | €19,646 | €14,485 | -€5,161 | -26.3% |
| Taxes | 450/3 | €4,781 | €942 | -€3,839 | -80.3% |
| Remuneration and social security | 454/9 | €14,865 | €13,543 | -€1,322 | -8.9% |
| Other amounts payable | 47/48 | €67,491 | €64,977 | -€2,514 | -3.7% |
| Accrued charges and deferred income | 492/3 | €4,086 | €5,481 | +€1,395 | +34.1% |
| Non-recurring operating income | 76A | €4,132 | €14,974 | +€10,842 | +262% |
| Remuneration, social security and pensions | 62 | €83,647 | €98,953 | +€15,306 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,821 | €48,751 | +€1,929 | +4.1% |
| Other operating charges | 640/8 | €37,922 | €40,914 | +€2,992 | +7.9% |
| Gross operating margin | 9900 | €246,635 | €233,570 | -€13,066 | -5.3% |
| Operating profit (loss) | 9901 | €78,245 | €44,953 | -€33,293 | -42.5% |
| Financial income | 75/76B | - | €127 | +€127 | |
| Recurring financial income | 75 | - | €127 | +€127 | |
| Financial charges | 65/66B | €17,540 | €22,111 | +€4,571 | +26.1% |
| Recurring financial charges | 65 | €17,540 | €22,111 | +€4,571 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €60,706 | €22,968 | -€37,737 | -62.2% |
| Income taxes | 67/77 | €14,532 | €2,958 | -€11,574 | -79.6% |
| Profit (loss) for the period | 9904 | €46,173 | €20,010 | -€26,163 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,173 | €20,010 | -€26,163 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.