Marbo: 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.
Marbo
Largest movements
- Financial fixed assets -€83,200
down €83,200 (-100%), from €83,200 to €0
- Cash +€78,509
up €78,509 (+610%), from €12,881 to €91,390
mainly Investment in fixed assets (net) (+€109,351) and Net result for the year (+€22,222)
- Tangible fixed assets -€27,132
down €27,132 (-98.3%), from €27,594 to €462
of which Furniture and vehicles: -€26,151
- Stocks and contracts +€25,000
new in 2025: €25,000
- Reserves +€22,222
up €22,222 (+82.7%), from €26,879 to €49,102
- Debts after one year -€16,708
down €16,708 (-37.6%), from €44,484 to €27,776
of which Financial debts: -€16,708
- Other debts -€5,754
down €5,754 (-66.8%), from €8,614 to €2,859
- Trade debts -€3,745
down €3,745 (-84.8%), from €4,414 to €669
- Tax, wage and social debts -€1,725
down €1,725 (-38.5%), from €4,479 to €2,754
- Financial income +€28,062
up €28,062 (+280,621,500%), from €0 to €28,062
of which Non-recurring financial income: +€27,966
- Gross operating margin -€16,634
down €16,634 (-81.8%), from €20,339 to €3,705
- Depreciation -€10,959
down €10,959 (-91.8%), from €11,940 to €981
- Taxes +€1,270
up €1,270 (+113%), from €1,122 to €2,392
- Financial charges -€483
down €483 (-26.1%), from €1,850 to €1,367
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 | €123,727 | €118,469 | -€5,258 | -4.2% |
| Fixed assets | 21/28 | €110,794 | €462 | -€110,332 | -99.6% |
| Tangible fixed assets | 22/27 | €27,594 | €462 | -€27,132 | -98.3% |
| Plant, machinery and equipment | 23 | €1,443 | €462 | -€981 | -68.0% |
| Furniture and vehicles | 24 | €26,151 | €0 | -€26,151 | -100% |
| Financial fixed assets | 28 | €83,200 | €0 | -€83,200 | -100% |
| Current assets | 29/58 | €12,933 | €118,007 | +€105,074 | +812% |
| Stocks and contracts in progress | 3 | - | €25,000 | +€25,000 | |
| Stocks | 30/36 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | - | €1,172 | +€1,172 | |
| Other amounts receivable | 41 | - | €1,172 | +€1,172 | |
| Cash at bank and in hand | 54/58 | €12,881 | €91,390 | +€78,509 | +610% |
| Deferred charges and accrued income | 490/1 | €52 | €445 | +€393 | +756% |
| Total equity and liabilities | 10/49 | €123,727 | €118,469 | -€5,258 | -4.2% |
| Equity | 10/15 | €45,479 | €67,702 | +€22,222 | +48.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,879 | €49,102 | +€22,222 | +82.7% |
| Distributable reserves | 133 | €26,879 | €49,102 | +€22,222 | +82.7% |
| Amounts payable | 17/49 | €78,247 | €50,767 | -€27,480 | -35.1% |
| Amounts payable after more than one year | 17 | €44,484 | €27,776 | -€16,708 | -37.6% |
| Financial debts | 170/4 | €44,484 | €27,776 | -€16,708 | -37.6% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €33,763 | €22,991 | -€10,772 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €16,257 | €16,708 | +€451 | +2.8% |
| Trade debts | 44 | €4,414 | €669 | -€3,745 | -84.8% |
| Suppliers | 440/4 | €4,414 | €669 | -€3,745 | -84.8% |
| Taxes, remuneration and social security | 45 | €4,479 | €2,754 | -€1,725 | -38.5% |
| Taxes | 450/3 | €4,479 | €2,754 | -€1,725 | -38.5% |
| Other amounts payable | 47/48 | €8,614 | €2,859 | -€5,754 | -66.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,940 | €981 | -€10,959 | -91.8% |
| Other operating charges | 640/8 | €495 | €654 | +€159 | +32.2% |
| Non-recurring operating charges | 66A | - | €4,151 | +€4,151 | |
| Gross operating margin | 9900 | €20,339 | €3,705 | -€16,634 | -81.8% |
| Operating profit (loss) | 9901 | €7,904 | -€2,081 | -€9,985 | |
| Financial income | 75/76B | €0 | €28,062 | +€28,062 | +280,621,500% |
| Recurring financial income | 75 | €0 | €96 | +€96 | +957,500% |
| Non-recurring financial income | 76B | - | €27,966 | +€27,966 | |
| Financial charges | 65/66B | €1,850 | €1,367 | -€483 | -26.1% |
| Recurring financial charges | 65 | €1,850 | €1,367 | -€483 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €6,055 | €24,615 | +€18,560 | +307% |
| Income taxes | 67/77 | €1,122 | €2,392 | +€1,270 | +113% |
| Profit (loss) for the period | 9904 | €4,933 | €22,222 | +€17,290 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €4,933 | €22,222 | +€17,290 | +351% |
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.