MARBOS: 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.
What changed
MARBOS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,285
2024 · -€130,459+€114,174
Equity
-€510,594
2024 · -€494,309-€16,285
Cash
€9,222
2024 · €1,325+€7,897
Balance sheet total
€12,052
2024 · €1.8m-€1.8m
Largest movements
Assets
- Financial fixed assets -€1.8m
no longer reported in 2025 (was €1.8m)
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-92.7%), from €1.3m to €98,053
- Debts after one year -€410,490
no longer reported in 2025 (was €410,490)
- Trade debts -€74,979
down €74,979 (-18.3%), from €410,506 to €335,527
- Accrued charges and deferred income -€18,612
down €18,612 (-29.0%), from €64,185 to €45,573
Income statement
- Staff costs -€26,980
down €26,980 (-9.9%), from €272,931 to €245,952
- Financial charges -€23,607
down €23,607 (-65.6%), from €35,989 to €12,382
- Turnover +€17,734
up €17,734 (+7.3%), from €241,680 to €259,414
- Services and other goods +€6,061
up €6,061 (+31.3%), from €19,341 to €25,401
- Other operating income +€4,100
up €4,100 (+94.1%), from €4,355 to €8,455
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.
Result 2024
-€130,459
Turnover
+€17,734
Other operating income
+€4,100
Services and other goods
-€6,061
Staff costs
+€26,980
Other operating charges
-€14
Other operating items
+€46,843
Financial income
+€953
Financial charges
+€23,607
Taxes
+€33
Result 2025
-€16,285
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.
From operations
-€1.4m
Investment
+€1.8m
Financing
-€410,490
Cash 2024
€1,325
From operations (derived)
-€1.4m
Net result for the year
-€16,285
Smaller working-capital items
-€2,106
Trade debts
-€74,979
Tax, wage and social debts
-€10,036
Other debts
-€1.2m
Accrued charges and deferred income
-€18,612
Investment (derived)
+€1.8m
Investment in fixed assets (net)
+€1.8m
Financing
-€410,490
Debts after one year
-€410,490
Cash 2025
€9,222
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,789,500 | €12,052 | -€1.8m | -99.3% |
| Fixed assets | 21/28 | €1,787,451 | - | -€1.8m | |
| Financial fixed assets | 28 | €1,787,451 | - | -€1.8m | |
| Affiliated companies | 280/1 | €1,787,451 | - | -€1.8m | |
| Participating interests | 280 | €1,787,451 | - | -€1.8m | |
| Current assets | 29/58 | €2,049 | €12,052 | +€10,003 | +488.3% |
| Amounts receivable within one year | 40/41 | €10 | €1,154 | +€1,144 | +11661.2% |
| Other amounts receivable | 41 | €10 | €1,154 | +€1,144 | +11661.2% |
| Cash at bank and in hand | 54/58 | €1,325 | €9,222 | +€7,897 | +596.0% |
| Deferred charges and accrued income | 490/1 | €714 | €1,676 | +€962 | +134.7% |
| Total equity and liabilities | 10/49 | €1,789,500 | €12,052 | -€1.8m | -99.3% |
| Equity | 10/15 | -€494,309 | -€510,594 | -€16,285 | -3.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €22,490 | €22,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,490 | €22,490 | = | 0.0% |
| Legal reserve | 130 | €22,490 | €22,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€640,746 | -€657,031 | -€16,285 | -2.5% |
| Amounts payable | 17/49 | €2,283,809 | €522,646 | -€1.8m | -77.1% |
| Amounts payable after more than one year | 17 | €410,490 | - | -€410,490 | |
| Financial debts | 170/4 | €410,490 | - | -€410,490 | |
| Other loans | 174 | €410,490 | - | -€410,490 | |
| Amounts payable within one year | 42/48 | €1,809,134 | €477,073 | -€1.3m | -73.6% |
| Trade debts | 44 | €410,506 | €335,527 | -€74,979 | -18.3% |
| Suppliers | 440/4 | €410,506 | €335,527 | -€74,979 | -18.3% |
| Taxes, remuneration and social security | 45 | €53,529 | €43,493 | -€10,036 | -18.7% |
| Taxes | 450/3 | €8,463 | €8,278 | -€185 | -2.2% |
| Remuneration and social security | 454/9 | €45,067 | €35,215 | -€9,852 | -21.9% |
| Other amounts payable | 47/48 | €1,345,099 | €98,053 | -€1.2m | -92.7% |
| Accrued charges and deferred income | 492/3 | €64,185 | €45,573 | -€18,612 | -29.0% |
| Operating income | 70/76A | €246,035 | €267,869 | +€21,833 | +8.9% |
| Turnover | 70 | €241,680 | €259,414 | +€17,734 | +7.3% |
| Other operating income | 74 | €4,355 | €8,455 | +€4,100 | +94.1% |
| Operating charges | 60/66A | €340,079 | €272,332 | -€67,748 | -19.9% |
| Services and other goods | 61 | €19,341 | €25,401 | +€6,061 | +31.3% |
| Remuneration, social security and pensions | 62 | €272,931 | €245,952 | -€26,980 | -9.9% |
| Other operating charges | 640/8 | €965 | €979 | +€14 | +1.4% |
| Non-recurring operating charges | 66A | €46,843 | - | -€46,843 | |
| Operating profit (loss) | 9901 | -€94,044 | -€4,463 | +€89,581 | +95.3% |
| Financial income | 75/76B | - | €953 | +€953 | |
| Recurring financial income | 75 | - | €953 | +€953 | |
| Income from current assets | 751 | - | €953 | +€953 | |
| Financial charges | 65/66B | €35,989 | €12,382 | -€23,607 | -65.6% |
| Recurring financial charges | 65 | €35,989 | €12,382 | -€23,607 | -65.6% |
| Debt charges | 650 | €35,932 | €12,326 | -€23,606 | -65.7% |
| Other financial charges | 652/9 | €57 | €56 | -€1 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€130,033 | -€15,892 | +€114,141 | +87.8% |
| Income taxes | 67/77 | €426 | €393 | -€33 | -7.8% |
| Taxes | 670/3 | €426 | €393 | -€33 | -7.8% |
| Profit (loss) for the period | 9904 | -€130,459 | -€16,285 | +€114,174 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,459 | -€16,285 | +€114,174 | +87.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.