MARBUCIER: 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.
MARBUCIER
Largest movements
- Current investments +€64,450
up €64,450 (+29.3%), from €220,000 to €284,450
- Cash +€15,658
up €15,658 (+14.1%), from €111,272 to €126,930
mainly Net result for the year (+€70,689) and Depreciation (+€15,038)
- Tangible fixed assets -€12,838
down €12,838 (-6.7%), from €191,085 to €178,248
of which Land and buildings: -€13,339
- Reserves +€70,689
up €70,689 (+97.5%), from €72,491 to €143,181
- Financial income +€16,905
up €16,905, from €0 to €16,905
- Gross operating margin +€8,362
up €8,362 (+8.7%), from €96,628 to €104,990
- Taxes +€7,392
up €7,392 (+28.8%), from €25,640 to €33,032
- Depreciation +€1,089
up €1,089 (+7.8%), from €13,948 to €15,038
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 | €525,765 | €593,017 | +€67,252 | +12.8% |
| Fixed assets | 21/28 | €191,085 | €178,248 | -€12,838 | -6.7% |
| Tangible fixed assets | 22/27 | €191,085 | €178,248 | -€12,838 | -6.7% |
| Land and buildings | 22 | €176,628 | €163,288 | -€13,339 | -7.6% |
| Plant, machinery and equipment | 23 | €14,458 | €12,954 | -€1,504 | -10.4% |
| Furniture and vehicles | 24 | - | €2,005 | +€2,005 | |
| Current assets | 29/58 | €334,680 | €414,769 | +€80,089 | +23.9% |
| Amounts receivable within one year | 40/41 | €3,171 | €3,214 | +€43 | +1.3% |
| Trade receivables | 40 | €1,587 | €594 | -€993 | -62.6% |
| Other amounts receivable | 41 | €1,584 | €2,620 | +€1,035 | +65.3% |
| Current investments | 50/53 | €220,000 | €284,450 | +€64,450 | +29.3% |
| Cash at bank and in hand | 54/58 | €111,272 | €126,930 | +€15,658 | +14.1% |
| Deferred charges and accrued income | 490/1 | €236 | €175 | -€61 | -25.8% |
| Total equity and liabilities | 10/49 | €525,765 | €593,017 | +€67,252 | +12.8% |
| Equity | 10/15 | €506,305 | €576,994 | +€70,689 | +14.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €72,491 | €143,181 | +€70,689 | +97.5% |
| Distributable reserves | 133 | €72,491 | €143,181 | +€70,689 | +97.5% |
| Profit (loss) carried forward | 14 | €383,813 | €383,813 | = | 0.0% |
| Amounts payable | 17/49 | €19,461 | €16,023 | -€3,438 | -17.7% |
| Amounts payable within one year | 42/48 | €19,461 | €16,023 | -€3,438 | -17.7% |
| Trade debts | 44 | €819 | €2,541 | +€1,722 | +210.3% |
| Suppliers | 440/4 | €819 | €2,541 | +€1,722 | +210.3% |
| Taxes, remuneration and social security | 45 | €18,642 | €13,482 | -€5,160 | -27.7% |
| Taxes | 450/3 | €18,642 | €13,482 | -€5,160 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,948 | €15,038 | +€1,089 | +7.8% |
| Other operating charges | 640/8 | €2,098 | €2,153 | +€55 | +2.6% |
| Gross operating margin | 9900 | €96,628 | €104,990 | +€8,362 | +8.7% |
| Operating profit (loss) | 9901 | €80,582 | €87,800 | +€7,218 | +9.0% |
| Financial income | 75/76B | €0 | €16,905 | +€16,905 | |
| Recurring financial income | 75 | €0 | €16,905 | +€16,905 | |
| Financial charges | 65/66B | - | €983 | +€983 | |
| Recurring financial charges | 65 | - | €983 | +€983 | |
| Profit (loss) for the period before taxes | 9903 | €80,582 | €103,721 | +€23,140 | +28.7% |
| Income taxes | 67/77 | €25,640 | €33,032 | +€7,392 | +28.8% |
| Profit (loss) for the period | 9904 | €54,942 | €70,689 | +€15,747 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,942 | €70,689 | +€15,747 | +28.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.