Marble Flow: 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.
Marble Flow
Largest movements
- Receivables within one year +€3,353
up €3,353 (+112.7%), from €2,975 to €6,328
- Tangible fixed assets +€2,011
up €2,011 (+21.0%), from €9,569 to €11,581
of which Other tangible fixed assets: +€4,603
- Deferred charges and accrued income +€1,060
new in 2025: €1,060
- Cash -€269
down €269 (-35.5%), from €757 to €488
mainly Investment in fixed assets (net) (-€5,527) and Receivables within one year (-€3,353)
- Other debts +€9,270
up €9,270 (+132.4%), from €7,000 to €16,270
- Profit (loss) carried forward -€3,126
new in 2025: -€3,126
- Gross operating margin -€5,269
down €5,269 (-78.4%), from €6,718 to €1,449
- Depreciation +€1,595
up €1,595 (+83.1%), from €1,921 to €3,516
- Taxes -€1,251
down €1,251 (-88.3%), from €1,416 to €165
- Other operating charges -€256
down €256 (-26.6%), from €962 to €706
- Financial charges +€132
up €132 (+233.6%), from €56 to €188
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 | €13,301 | €19,457 | +€6,156 | +46.3% |
| Fixed assets | 21/28 | €9,569 | €11,581 | +€2,011 | +21.0% |
| Tangible fixed assets | 22/27 | €9,569 | €11,581 | +€2,011 | +21.0% |
| Furniture and vehicles | 24 | €6,994 | €4,402 | -€2,592 | -37.1% |
| Other tangible fixed assets | 26 | €2,576 | €7,178 | +€4,603 | +178.7% |
| Current assets | 29/58 | €3,732 | €7,877 | +€4,145 | +111.1% |
| Amounts receivable within one year | 40/41 | €2,975 | €6,328 | +€3,353 | +112.7% |
| Trade receivables | 40 | €2,975 | €6,328 | +€3,353 | +112.7% |
| Cash at bank and in hand | 54/58 | €757 | €488 | -€269 | -35.5% |
| Deferred charges and accrued income | 490/1 | - | €1,060 | +€1,060 | |
| Total equity and liabilities | 10/49 | €13,301 | €19,457 | +€6,156 | +46.3% |
| Equity | 10/15 | €4,363 | €1,237 | -€3,126 | -71.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,363 | €2,363 | = | 0.0% |
| Distributable reserves | 133 | €2,363 | €2,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,126 | -€3,126 | |
| Amounts payable | 17/49 | €8,938 | €18,220 | +€9,282 | +103.9% |
| Amounts payable within one year | 42/48 | €8,938 | €18,220 | +€9,282 | +103.9% |
| Trade debts | 44 | €375 | €417 | +€42 | +11.2% |
| Suppliers | 440/4 | €375 | €417 | +€42 | +11.2% |
| Taxes, remuneration and social security | 45 | €1,563 | €1,534 | -€30 | -1.9% |
| Taxes | 450/3 | €1,563 | €1,534 | -€30 | -1.9% |
| Other amounts payable | 47/48 | €7,000 | €16,270 | +€9,270 | +132.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,921 | €3,516 | +€1,595 | +83.1% |
| Other operating charges | 640/8 | €962 | €706 | -€256 | -26.6% |
| Gross operating margin | 9900 | €6,718 | €1,449 | -€5,269 | -78.4% |
| Operating profit (loss) | 9901 | €3,835 | -€2,773 | -€6,608 | |
| Financial charges | 65/66B | €56 | €188 | +€132 | +233.6% |
| Recurring financial charges | 65 | €56 | €188 | +€132 | +233.6% |
| Profit (loss) for the period before taxes | 9903 | €3,779 | -€2,961 | -€6,740 | |
| Income taxes | 67/77 | €1,416 | €165 | -€1,251 | -88.3% |
| Profit (loss) for the period | 9904 | €2,363 | -€3,126 | -€5,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,363 | -€3,126 | -€5,489 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.