MARBIE: 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.
MARBIE
Largest movements
- Stocks and contracts -€16,294
down €16,294 (-12.7%), from €128,137 to €111,843
- Cash -€4,092
down €4,092 (-30.0%), from €13,651 to €9,559
mainly Net result for the year (-€41,123) and Investment in fixed assets (net) (-€5,042)
- Tangible fixed assets -€2,509
down €2,509 (-16.4%), from €15,267 to €12,758
- Profit (loss) carried forward -€41,123
down €41,123 (-14.5%), from -€282,774 to -€323,897
- Other debts +€20,104
up €20,104 (+6.0%), from €334,214 to €354,318
- Trade debts -€3,764
down €3,764 (-37.7%), from €9,994 to €6,230
- Accrued charges and deferred income +€3,194
up €3,194 (+36.1%), from €8,858 to €12,052
- Tax, wage and social debts -€2,820
down €2,820 (-67.5%), from €4,177 to €1,356
- Gross operating margin -€8,693
down €8,693 (-61.1%), from -€14,223 to -€22,916
- Other operating charges +€1,618
up €1,618 (+35.8%), from €4,518 to €6,135
- Staff costs -€761
down €761 (-19.1%), from €3,986 to €3,225
- Depreciation +€318
up €318 (+4.4%), from €7,233 to €7,551
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 | €160,244 | €135,835 | -€24,410 | -15.2% |
| Fixed assets | 21/28 | €15,698 | €13,189 | -€2,509 | -16.0% |
| Tangible fixed assets | 22/27 | €15,267 | €12,758 | -€2,509 | -16.4% |
| Plant, machinery and equipment | 23 | €15,267 | €12,758 | -€2,509 | -16.4% |
| Financial fixed assets | 28 | €431 | €431 | = | 0.0% |
| Current assets | 29/58 | €144,546 | €122,645 | -€21,901 | -15.2% |
| Stocks and contracts in progress | 3 | €128,137 | €111,843 | -€16,294 | -12.7% |
| Stocks | 30/36 | €128,137 | €111,843 | -€16,294 | -12.7% |
| Amounts receivable within one year | 40/41 | €2,758 | €1,243 | -€1,515 | -54.9% |
| Trade receivables | 40 | €2,733 | €1,218 | -€1,515 | -55.4% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,651 | €9,559 | -€4,092 | -30.0% |
| Total equity and liabilities | 10/49 | €160,244 | €135,835 | -€24,410 | -15.2% |
| Equity | 10/15 | -€196,998 | -€238,121 | -€41,123 | -20.9% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Capital | 10 | €55,776 | €55,776 | = | 0.0% |
| Issued capital | 100 | €55,776 | €55,776 | = | 0.0% |
| Revaluation surpluses | 12 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,774 | -€323,897 | -€41,123 | -14.5% |
| Amounts payable | 17/49 | €357,242 | €373,956 | +€16,714 | +4.7% |
| Amounts payable within one year | 42/48 | €348,385 | €361,904 | +€13,519 | +3.9% |
| Trade debts | 44 | €9,994 | €6,230 | -€3,764 | -37.7% |
| Suppliers | 440/4 | €9,994 | €6,230 | -€3,764 | -37.7% |
| Taxes, remuneration and social security | 45 | €4,177 | €1,356 | -€2,820 | -67.5% |
| Taxes | 450/3 | €4,177 | €1,356 | -€2,820 | -67.5% |
| Other amounts payable | 47/48 | €334,214 | €354,318 | +€20,104 | +6.0% |
| Accrued charges and deferred income | 492/3 | €8,858 | €12,052 | +€3,194 | +36.1% |
| Remuneration, social security and pensions | 62 | €3,986 | €3,225 | -€761 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,233 | €7,551 | +€318 | +4.4% |
| Other operating charges | 640/8 | €4,518 | €6,135 | +€1,618 | +35.8% |
| Gross operating margin | 9900 | -€14,223 | -€22,916 | -€8,693 | -61.1% |
| Operating profit (loss) | 9901 | -€29,960 | -€39,828 | -€9,868 | -32.9% |
| Financial charges | 65/66B | €1,437 | €1,295 | -€142 | -9.9% |
| Recurring financial charges | 65 | €1,437 | €1,295 | -€142 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,397 | -€41,123 | -€9,726 | -31.0% |
| Profit (loss) for the period | 9904 | -€31,397 | -€41,123 | -€9,726 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,397 | -€41,123 | -€9,726 | -31.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.