MARCELIMMO: 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
MARCELIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1,369
2023 · €59,333-€60,702
Equity
€232,958
2023 · €234,326-€1,369
Cash
€18,566
2023 · €17,028+€1,538
Balance sheet total
€4.5m
2023 · €4.5m+€38,601
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€117,890
up €117,890 (+7.5%), from €1.6m to €1.7m
Income statement
- Gross operating margin -€73,952
down €73,952 (-21.7%), from €341,104 to €267,152
- Taxes -€20,376
no longer reported in 2024 (was €20,376)
- Depreciation +€12,350
up €12,350 (+5.9%), from €208,204 to €220,554
- Financial charges -€10,632
down €10,632 (-20.0%), from €53,190 to €42,558
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.
Result 2023
€59,333
Gross operating margin
-€73,952
Depreciation
-€12,350
Other operating charges
-€1,670
Other operating items
-€3,738
Financial charges
+€10,632
Taxes
+€20,376
Result 2024
-€1,369
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.
From operations
+€301,173
Investment
-€246,337
Financing
-€53,298
Cash 2023
€17,028
From operations (derived)
+€301,173
Net result for the year
-€1,369
Depreciation
+€220,554
Receivables within one year
-€12,992
Deferred charges and accrued income
+€1,711
Trade debts
+€104
Tax, wage and social debts
-€26,271
Other debts
+€117,890
Accrued charges and deferred income
+€1,545
Investment (derived)
-€246,337
Investment in fixed assets (net)
-€246,337
Financing
-€53,298
Debts after one year
-€43,343
Current portion of long-term debt
-€9,955
Cash 2024
€18,566
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,487,605 | €4,526,206 | +€38,601 | +0.9% |
| Fixed assets | 21/28 | €4,464,018 | €4,489,801 | +€25,783 | +0.6% |
| Tangible fixed assets | 22/27 | €4,401,114 | €4,423,901 | +€22,787 | +0.5% |
| Land and buildings | 22 | €4,399,593 | €4,422,611 | +€23,019 | +0.5% |
| Plant, machinery and equipment | 23 | €1,521 | €1,289 | -€232 | -15.2% |
| Financial fixed assets | 28 | €62,904 | €65,900 | +€2,996 | +4.8% |
| Current assets | 29/58 | €23,587 | €36,406 | +€12,818 | +54.3% |
| Amounts receivable within one year | 40/41 | €4,848 | €17,840 | +€12,992 | +268.0% |
| Trade receivables | 40 | €4,848 | €17,840 | +€12,992 | +268.0% |
| Cash at bank and in hand | 54/58 | €17,028 | €18,566 | +€1,538 | +9.0% |
| Deferred charges and accrued income | 490/1 | €1,711 | - | -€1,711 | |
| Total equity and liabilities | 10/49 | €4,487,605 | €4,526,206 | +€38,601 | +0.9% |
| Equity | 10/15 | €234,326 | €232,958 | -€1,369 | -0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €275,559 | €275,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €175 | €175 | = | 0.0% |
| Reserves not available under the articles | 1311 | €175 | €175 | = | 0.0% |
| Distributable reserves | 133 | €275,384 | €275,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,825 | -€61,194 | -€1,369 | -2.3% |
| Amounts payable | 17/49 | €4,253,279 | €4,293,249 | +€39,970 | +0.9% |
| Amounts payable after more than one year | 17 | €2,255,181 | €2,211,838 | -€43,343 | -1.9% |
| Financial debts | 170/4 | €2,255,181 | €2,205,940 | -€49,241 | -2.2% |
| Other amounts payable | 178/9 | - | €5,898 | +€5,898 | |
| Amounts payable within one year | 42/48 | €1,998,098 | €2,079,866 | +€81,768 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €306,236 | €296,281 | -€9,955 | -3.3% |
| Trade debts | 44 | €786 | €890 | +€104 | +13.3% |
| Suppliers | 440/4 | €786 | €890 | +€104 | +13.3% |
| Taxes, remuneration and social security | 45 | €113,134 | €86,864 | -€26,271 | -23.2% |
| Taxes | 450/3 | €113,134 | €86,864 | -€26,271 | -23.2% |
| Other amounts payable | 47/48 | €1,577,941 | €1,695,831 | +€117,890 | +7.5% |
| Accrued charges and deferred income | 492/3 | - | €1,545 | +€1,545 | |
| Non-recurring operating income | 76A | €4,452 | - | -€4,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,204 | €220,554 | +€12,350 | +5.9% |
| Other operating charges | 640/8 | - | €1,670 | +€1,670 | |
| Non-recurring operating charges | 66A | - | €3,738 | +€3,738 | |
| Gross operating margin | 9900 | €341,104 | €267,152 | -€73,952 | -21.7% |
| Operating profit (loss) | 9901 | €132,900 | €41,189 | -€91,711 | -69.0% |
| Financial charges | 65/66B | €53,190 | €42,558 | -€10,632 | -20.0% |
| Recurring financial charges | 65 | €53,190 | €42,558 | -€10,632 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €79,710 | -€1,369 | -€81,078 | |
| Income taxes | 67/77 | €20,376 | - | -€20,376 | |
| Profit (loss) for the period | 9904 | €59,333 | -€1,369 | -€60,702 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,333 | -€1,369 | -€60,702 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.