Marcella: 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.
Marcella
Largest movements
- Tangible fixed assets +€24,732
up €24,732 (+88.2%), from €28,056 to €52,788
of which Furniture and vehicles: +€28,544
- Receivables within one year +€10,809
up €10,809, from €0 to €10,809
of which Trade receivables: +€9,757
- Debts after one year +€26,018
up €26,018, from €0 to €26,018
- Reserves +€6,537
up €6,537 (+37.2%), from €17,560 to €24,097
of which Distributable reserves: +€6,537
- Tax, wage and social debts +€4,646
up €4,646 (+21.9%), from €21,231 to €25,877
of which Remuneration and social security: +€3,951
- Other debts -€3,280
down €3,280 (-90.7%), from €3,617 to €336
- Accrued charges and deferred income +€1,400
up €1,400, from €0 to €1,400
- Gross operating margin -€9,720
down €9,720 (-6.0%), from €161,317 to €151,597
- Staff costs +€8,423
up €8,423 (+7.9%), from €106,803 to €115,226
- Taxes -€7,615
down €7,615 (-65.9%), from €11,563 to €3,948
- Financial charges +€2,004
up €2,004 (+32.4%), from €6,194 to €8,197
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 | €82,899 | €118,089 | +€35,190 | +42.4% |
| Fixed assets | 21/28 | €31,848 | €56,390 | +€24,542 | +77.1% |
| Intangible fixed assets | 21 | €608 | €418 | -€190 | -31.3% |
| Tangible fixed assets | 22/27 | €28,056 | €52,788 | +€24,732 | +88.2% |
| Plant, machinery and equipment | 23 | €9,460 | €6,473 | -€2,987 | -31.6% |
| Furniture and vehicles | 24 | €14,892 | €43,436 | +€28,544 | +191.7% |
| Other tangible fixed assets | 26 | €3,704 | €2,879 | -€825 | -22.3% |
| Financial fixed assets | 28 | €3,184 | €3,184 | = | 0.0% |
| Current assets | 29/58 | €51,050 | €61,699 | +€10,648 | +20.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €10,809 | +€10,809 | |
| Trade receivables | 40 | €0 | €9,757 | +€9,757 | |
| Other amounts receivable | 41 | - | €1,052 | +€1,052 | |
| Cash at bank and in hand | 54/58 | €45,843 | €45,525 | -€318 | -0.7% |
| Deferred charges and accrued income | 490/1 | €207 | €365 | +€158 | +76.0% |
| Total equity and liabilities | 10/49 | €82,899 | €118,089 | +€35,190 | +42.4% |
| Equity | 10/15 | €23,760 | €30,297 | +€6,537 | +27.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,560 | €24,097 | +€6,537 | +37.2% |
| Non-distributable reserves | 130/1 | €340 | €340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €340 | €340 | = | 0.0% |
| Distributable reserves | 133 | €17,219 | €23,757 | +€6,537 | +38.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,139 | €87,792 | +€28,653 | +48.5% |
| Amounts payable after more than one year | 17 | €0 | €26,018 | +€26,018 | |
| Financial debts | 170/4 | €0 | €26,018 | +€26,018 | |
| Amounts payable within one year | 42/48 | €59,139 | €60,374 | +€1,235 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €8,129 | €9,381 | +€1,252 | +15.4% |
| Trade debts | 44 | €26,162 | €24,779 | -€1,383 | -5.3% |
| Suppliers | 440/4 | €26,162 | €24,779 | -€1,383 | -5.3% |
| Taxes, remuneration and social security | 45 | €21,231 | €25,877 | +€4,646 | +21.9% |
| Taxes | 450/3 | €12,170 | €12,865 | +€695 | +5.7% |
| Remuneration and social security | 454/9 | €9,061 | €13,012 | +€3,951 | +43.6% |
| Other amounts payable | 47/48 | €3,617 | €336 | -€3,280 | -90.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,400 | +€1,400 | |
| Remuneration, social security and pensions | 62 | €106,803 | €115,226 | +€8,423 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,965 | €15,752 | -€212 | -1.3% |
| Other operating charges | 640/8 | €2,479 | €2,328 | -€151 | -6.1% |
| Gross operating margin | 9900 | €161,317 | €151,597 | -€9,720 | -6.0% |
| Operating profit (loss) | 9901 | €36,071 | €18,291 | -€17,780 | -49.3% |
| Financial income | 75/76B | €562 | €391 | -€171 | -30.4% |
| Recurring financial income | 75 | €562 | €391 | -€171 | -30.4% |
| Financial charges | 65/66B | €6,194 | €8,197 | +€2,004 | +32.4% |
| Recurring financial charges | 65 | €6,194 | €8,197 | +€2,004 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €30,439 | €10,485 | -€19,954 | -65.6% |
| Income taxes | 67/77 | €11,563 | €3,948 | -€7,615 | -65.9% |
| Profit (loss) for the period | 9904 | €18,876 | €6,537 | -€12,339 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,876 | €6,537 | -€12,339 | -65.4% |
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 11 October 2026 via checked.be.