Marcellas: 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.
Marcellas
Largest movements
- Cash +€33,121
up €33,121 (+2,482%), from €1,335 to €34,456
mainly Net result for the year (+€14,857) and Investment in fixed assets (net) (+€9,530)
- Tangible fixed assets -€9,553
down €9,553 (-88.8%), from €10,757 to €1,204
of which Land and buildings: -€10,757
- Receivables within one year -€4,686
no longer reported in 2025 (was €4,686)
- Profit (loss) carried forward +€14,857
up €14,857, from -€14,685 to €173
- Tax, wage and social debts +€5,487
new in 2025: €5,487
- Trade debts -€816
no longer reported in 2025 (was €816)
- Other debts -€646
no longer reported in 2025 (was €646)
- Gross operating margin +€17,686
up €17,686, from -€2,031 to €15,655
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 | €16,777 | €35,659 | +€18,882 | +113% |
| Fixed assets | 21/28 | €10,757 | €1,204 | -€9,553 | -88.8% |
| Tangible fixed assets | 22/27 | €10,757 | €1,204 | -€9,553 | -88.8% |
| Land and buildings | 22 | €10,757 | - | -€10,757 | |
| Plant, machinery and equipment | 23 | - | €1,204 | +€1,204 | |
| Current assets | 29/58 | €6,020 | €34,456 | +€28,435 | +472% |
| Amounts receivable within one year | 40/41 | €4,686 | - | -€4,686 | |
| Other amounts receivable | 41 | €4,686 | - | -€4,686 | |
| Cash at bank and in hand | 54/58 | €1,335 | €34,456 | +€33,121 | +2,482% |
| Total equity and liabilities | 10/49 | €16,777 | €35,659 | +€18,882 | +113% |
| Equity | 10/15 | -€4,685 | €10,173 | +€14,857 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,685 | €173 | +€14,857 | |
| Amounts payable | 17/49 | €21,462 | €25,487 | +€4,025 | +18.8% |
| Amounts payable within one year | 42/48 | €21,462 | €25,487 | +€4,025 | +18.8% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €816 | - | -€816 | |
| Suppliers | 440/4 | €816 | - | -€816 | |
| Taxes, remuneration and social security | 45 | - | €5,487 | +€5,487 | |
| Taxes | 450/3 | - | €5,487 | +€5,487 | |
| Other amounts payable | 47/48 | €646 | - | -€646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24 | +€24 | |
| Other operating charges | 640/8 | €592 | €640 | +€48 | +8.1% |
| Gross operating margin | 9900 | -€2,031 | €15,655 | +€17,686 | |
| Operating profit (loss) | 9901 | -€2,622 | €14,992 | +€17,614 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,690 | €14,920 | +€17,609 | |
| Income taxes | 67/77 | - | €63 | +€63 | |
| Profit (loss) for the period | 9904 | -€2,690 | €14,857 | +€17,547 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,690 | €14,857 | +€17,547 |
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 25 October 2026 via checked.be.