MARBELLA 2019: 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.
MARBELLA 2019
Largest movements
- Receivables within one year +€2,989
up €2,989 (+2.3%), from €131,815 to €134,804
of which Other amounts receivable: +€27,930
- Tangible fixed assets -€2,338
down €2,338 (-3.7%), from €62,381 to €60,043
- Debts after one year -€18,478
down €18,478 (-59.6%), from €30,991 to €12,512
- Current portion of long-term debt +€8,721
new in 2025: €8,721
- Tax, wage and social debts +€6,300
up €6,300 (+11.4%), from €55,487 to €61,787
of which Remuneration and social security: +€7,674
- Other debts +€6,000
new in 2025: €6,000
- Trade debts -€4,527
down €4,527 (-4.5%), from €99,940 to €95,413
- Gross operating margin +€54,081
up €54,081 (+32.6%), from €166,114 to €220,195
- Staff costs +€49,272
up €49,272 (+34.4%), from €143,109 to €192,381
- Depreciation +€6,103
up €6,103 (+37.6%), from €16,235 to €22,338
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 | €212,646 | €215,747 | +€3,101 | +1.5% |
| Fixed assets | 21/28 | €64,666 | €64,363 | -€303 | -0.5% |
| Tangible fixed assets | 22/27 | €62,381 | €60,043 | -€2,338 | -3.7% |
| Furniture and vehicles | 24 | €62,381 | €60,043 | -€2,338 | -3.7% |
| Financial fixed assets | 28 | €2,285 | €4,320 | +€2,035 | +89.1% |
| Current assets | 29/58 | €147,980 | €151,384 | +€3,404 | +2.3% |
| Amounts receivable within one year | 40/41 | €131,815 | €134,804 | +€2,989 | +2.3% |
| Trade receivables | 40 | €129,812 | €104,871 | -€24,941 | -19.2% |
| Other amounts receivable | 41 | €2,003 | €29,933 | +€27,930 | +1,394% |
| Cash at bank and in hand | 54/58 | €16,165 | €16,580 | +€415 | +2.6% |
| Total equity and liabilities | 10/49 | €212,646 | €215,747 | +€3,101 | +1.5% |
| Equity | 10/15 | €26,229 | €28,426 | +€2,197 | +8.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,229 | €6,426 | +€2,197 | +51.9% |
| Amounts payable | 17/49 | €186,417 | €187,322 | +€904 | +0.5% |
| Amounts payable after more than one year | 17 | €30,991 | €12,512 | -€18,478 | -59.6% |
| Financial debts | 170/4 | €30,991 | €12,512 | -€18,478 | -59.6% |
| Amounts payable within one year | 42/48 | €155,427 | €174,809 | +€19,383 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,721 | +€8,721 | |
| Financial debts | 43 | - | €2,889 | +€2,889 | |
| Credit institutions | 430/8 | - | €2,889 | +€2,889 | |
| Trade debts | 44 | €99,940 | €95,413 | -€4,527 | -4.5% |
| Suppliers | 440/4 | €99,940 | €95,413 | -€4,527 | -4.5% |
| Taxes, remuneration and social security | 45 | €55,487 | €61,787 | +€6,300 | +11.4% |
| Taxes | 450/3 | €16,666 | €15,292 | -€1,374 | -8.2% |
| Remuneration and social security | 454/9 | €38,820 | €46,494 | +€7,674 | +19.8% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €143,109 | €192,381 | +€49,272 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,235 | €22,338 | +€6,103 | +37.6% |
| Other operating charges | 640/8 | €1,454 | €1,649 | +€195 | +13.4% |
| Gross operating margin | 9900 | €166,114 | €220,195 | +€54,081 | +32.6% |
| Operating profit (loss) | 9901 | €5,316 | €3,827 | -€1,489 | -28.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +75.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +75.0% |
| Financial charges | 65/66B | €1,995 | €803 | -€1,193 | -59.8% |
| Recurring financial charges | 65 | €1,995 | €803 | -€1,193 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €3,321 | €3,024 | -€297 | -8.9% |
| Income taxes | 67/77 | €747 | €828 | +€80 | +10.8% |
| Profit (loss) for the period | 9904 | €2,574 | €2,197 | -€377 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,574 | €2,197 | -€377 | -14.6% |
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 16 October 2026 via checked.be.