Marbel: what changed
Two fiscal 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.
Marbel
Largest movements
- Receivables within one year -€4,611
down €4,611 (-20.0%), from €23,061 to €18,450
of which Trade receivables: -€2,683
- Cash -€2,949
no longer reported in 2024 (was €2,949)
mainly Debts after one year (-€75,208) and Investment in fixed assets (net) (-€29,300)
- Debts after one year -€75,208
down €75,208 (-27.4%), from €274,657 to €199,449
- Profit (loss) carried forward +€34,931
up €34,931 (+37.2%), from -€93,783 to -€58,852
- Tax, wage and social debts +€18,315
up €18,315 (+142.7%), from €12,831 to €31,146
of which Taxes: +€11,803
- Trade debts +€13,259
new in 2024: €13,259
- Gross operating margin +€160,584
up €160,584 (+120.6%), from €133,162 to €293,746
- Staff costs +€28,899
up €28,899 (+15.9%), from €181,871 to €210,770
- Depreciation +€7,286
up €7,286 (+31.3%), from €23,283 to €30,569
- Other operating charges +€6,481
up €6,481 (+84.6%), from €7,664 to €14,145
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.
Cash bridge derived
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 | €214,211 | €205,508 | -€8,703 | -4.1% |
| Fixed assets | 21/28 | €188,201 | €186,932 | -€1,269 | -0.7% |
| Intangible fixed assets | 21 | €110,000 | €110,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €78,201 | €76,932 | -€1,269 | -1.6% |
| Furniture and vehicles | 24 | €78,201 | €76,932 | -€1,269 | -1.6% |
| Current assets | 29/58 | €26,010 | €18,576 | -€7,434 | -28.6% |
| Amounts receivable within one year | 40/41 | €23,061 | €18,450 | -€4,611 | -20.0% |
| Trade receivables | 40 | €2,683 | - | -€2,683 | |
| Other amounts receivable | 41 | €20,378 | €18,450 | -€1,928 | -9.5% |
| Cash at bank and in hand | 54/58 | €2,949 | - | -€2,949 | |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €214,211 | €205,508 | -€8,703 | -4.1% |
| Equity | 10/15 | -€73,277 | -€38,346 | +€34,931 | +47.7% |
| Contributions | 10/11 | €20,506 | €20,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,783 | -€58,852 | +€34,931 | +37.2% |
| Amounts payable | 17/49 | €287,488 | €243,854 | -€43,634 | -15.2% |
| Amounts payable after more than one year | 17 | €274,657 | €199,449 | -€75,208 | -27.4% |
| Other amounts payable | 178/9 | €274,657 | €199,449 | -€75,208 | -27.4% |
| Amounts payable within one year | 42/48 | €12,831 | €44,405 | +€31,574 | +246.1% |
| Trade debts | 44 | - | €13,259 | +€13,259 | |
| Suppliers | 440/4 | - | €13,259 | +€13,259 | |
| Taxes, remuneration and social security | 45 | €12,831 | €31,146 | +€18,315 | +142.7% |
| Taxes | 450/3 | €4,702 | €16,505 | +€11,803 | +251.0% |
| Remuneration and social security | 454/9 | €8,129 | €14,641 | +€6,512 | +80.1% |
| Remuneration, social security and pensions | 62 | €181,871 | €210,770 | +€28,899 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,283 | €30,569 | +€7,286 | +31.3% |
| Other operating charges | 640/8 | €7,664 | €14,145 | +€6,481 | +84.6% |
| Gross operating margin | 9900 | €133,162 | €293,746 | +€160,584 | +120.6% |
| Operating profit (loss) | 9901 | -€79,656 | €38,262 | +€117,918 | |
| Financial income | 75/76B | - | €274 | +€274 | |
| Recurring financial income | 75 | - | €274 | +€274 | |
| Financial charges | 65/66B | €4,480 | €3,605 | -€875 | -19.5% |
| Recurring financial charges | 65 | €4,480 | €3,605 | -€875 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€84,136 | €34,931 | +€119,067 | |
| Profit (loss) for the period | 9904 | -€84,136 | €34,931 | +€119,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,136 | €34,931 | +€119,067 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.