MARBEN: 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.
MARBEN
Largest movements
- Tangible fixed assets +€1,659
up €1,659 (+21.7%), from €7,637 to €9,296
of which Furniture and vehicles: +€2,311
- Receivables within one year -€1,024
down €1,024 (-51.2%), from €2,001 to €976
of which Other amounts receivable: -€840
- Cash -€867
down €867 (-50.7%), from €1,712 to €844
mainly Debts after one year (-€32,500) and Investment in fixed assets (net) (-€3,441)
- Debts after one year -€32,500
down €32,500 (-90.3%), from €36,000 to €3,500
- Profit (loss) carried forward +€24,741
up €24,741 (+79.5%), from -€31,131 to -€6,390
- Other debts +€3,241
up €3,241 (+2132.8%), from €152 to €3,393
- Tax, wage and social debts +€2,989
up €2,989 (+332.7%), from €898 to €3,887
- Trade debts +€1,324
up €1,324 (+1012.4%), from €131 to €1,455
- Gross operating margin +€23,356
up €23,356 (+192.8%), from €12,111 to €35,468
- Taxes +€5,177
up €5,177 (+1029.0%), from €503 to €5,680
- Other operating charges +€618
up €618 (+41.3%), from €1,497 to €2,115
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.
Cash bridge derived
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 | €12,250 | €12,045 | -€205 | -1.7% |
| Fixed assets | 21/28 | €7,637 | €9,296 | +€1,659 | +21.7% |
| Tangible fixed assets | 22/27 | €7,637 | €9,296 | +€1,659 | +21.7% |
| Furniture and vehicles | 24 | €2,118 | €4,429 | +€2,311 | +109.1% |
| Other tangible fixed assets | 26 | €5,519 | €4,867 | -€651 | -11.8% |
| Current assets | 29/58 | €4,613 | €2,749 | -€1,864 | -40.4% |
| Amounts receivable within one year | 40/41 | €2,001 | €976 | -€1,024 | -51.2% |
| Trade receivables | 40 | €1,161 | €976 | -€184 | -15.9% |
| Other amounts receivable | 41 | €840 | - | -€840 | |
| Cash at bank and in hand | 54/58 | €1,712 | €844 | -€867 | -50.7% |
| Deferred charges and accrued income | 490/1 | €900 | €928 | +€27 | +3.0% |
| Total equity and liabilities | 10/49 | €12,250 | €12,045 | -€205 | -1.7% |
| Equity | 10/15 | -€24,931 | -€190 | +€24,741 | +99.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,131 | -€6,390 | +€24,741 | +79.5% |
| Amounts payable | 17/49 | €37,181 | €12,235 | -€24,946 | -67.1% |
| Amounts payable after more than one year | 17 | €36,000 | €3,500 | -€32,500 | -90.3% |
| Other amounts payable | 178/9 | €36,000 | €3,500 | -€32,500 | -90.3% |
| Amounts payable within one year | 42/48 | €1,181 | €8,735 | +€7,554 | +639.5% |
| Trade debts | 44 | €131 | €1,455 | +€1,324 | +1012.4% |
| Suppliers | 440/4 | €131 | €1,455 | +€1,324 | +1012.4% |
| Taxes, remuneration and social security | 45 | €898 | €3,887 | +€2,989 | +332.7% |
| Taxes | 450/3 | €898 | €3,887 | +€2,989 | +332.7% |
| Other amounts payable | 47/48 | €152 | €3,393 | +€3,241 | +2132.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,812 | €1,782 | -€30 | -1.6% |
| Other operating charges | 640/8 | €1,497 | €2,115 | +€618 | +41.3% |
| Non-recurring operating charges | 66A | - | €956 | +€956 | |
| Gross operating margin | 9900 | €12,111 | €35,468 | +€23,356 | +192.8% |
| Operating profit (loss) | 9901 | €8,803 | €30,615 | +€21,812 | +247.8% |
| Financial charges | 65/66B | €239 | €193 | -€46 | -19.1% |
| Recurring financial charges | 65 | €239 | €193 | -€46 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €8,564 | €30,422 | +€21,858 | +255.2% |
| Income taxes | 67/77 | €503 | €5,680 | +€5,177 | +1029.0% |
| Profit (loss) for the period | 9904 | €8,061 | €24,741 | +€16,681 | +206.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,061 | €24,741 | +€16,681 | +206.9% |
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 10 October 2026 via checked.be.