Marcie: 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.
Marcie
Largest movements
- Receivables after one year +€21,600
up €21,600 (+27.2%), from €79,350 to €100,950
- Cash +€7,047
up €7,047 (+51.2%), from €13,759 to €20,805
mainly Other debts (+€132,013) and Net result for the year (+€44,336)
- Receivables within one year -€6,788
down €6,788 (-20.1%), from €33,727 to €26,939
of which Trade receivables: -€17,506
- Other debts +€132,013
up €132,013 (+27,109%), from €487 to €132,500
- Reserves -€88,164
down €88,164 (-92.0%), from €95,818 to €7,654
- Tax, wage and social debts -€22,016
down €22,016 (-63.5%), from €34,665 to €12,649
of which Taxes: -€24,466
- Gross operating margin +€12,687
up €12,687 (+27.8%), from €45,558 to €58,246
- Taxes +€2,886
up €2,886 (+22.7%), from €12,738 to €15,623
- Financial income +€1,264
up €1,264 (+29.3%), from €4,311 to €5,575
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 | €134,183 | €156,084 | +€21,901 | +16.3% |
| Fixed assets | 21/28 | €1,581 | €453 | -€1,129 | -71.4% |
| Tangible fixed assets | 22/27 | €1,581 | €453 | -€1,129 | -71.4% |
| Plant, machinery and equipment | 23 | €1,581 | €453 | -€1,129 | -71.4% |
| Current assets | 29/58 | €132,601 | €155,631 | +€23,030 | +17.4% |
| Amounts receivable after more than one year | 29 | €79,350 | €100,950 | +€21,600 | +27.2% |
| Other amounts receivable | 291 | €79,350 | €100,950 | +€21,600 | +27.2% |
| Amounts receivable within one year | 40/41 | €33,727 | €26,939 | -€6,788 | -20.1% |
| Trade receivables | 40 | €33,727 | €16,222 | -€17,506 | -51.9% |
| Other amounts receivable | 41 | - | €10,718 | +€10,718 | |
| Cash at bank and in hand | 54/58 | €13,759 | €20,805 | +€7,047 | +51.2% |
| Deferred charges and accrued income | 490/1 | €5,765 | €6,937 | +€1,171 | +20.3% |
| Total equity and liabilities | 10/49 | €134,183 | €156,084 | +€21,901 | +16.3% |
| Equity | 10/15 | €98,318 | €10,154 | -€88,164 | -89.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €95,818 | €7,654 | -€88,164 | -92.0% |
| Distributable reserves | 133 | €95,818 | €7,654 | -€88,164 | -92.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,865 | €145,930 | +€110,066 | +307% |
| Amounts payable within one year | 42/48 | €35,865 | €145,930 | +€110,066 | +307% |
| Trade debts | 44 | €713 | €781 | +€68 | +9.6% |
| Suppliers | 440/4 | €713 | €781 | +€68 | +9.6% |
| Taxes, remuneration and social security | 45 | €34,665 | €12,649 | -€22,016 | -63.5% |
| Taxes | 450/3 | €34,665 | €10,199 | -€24,466 | -70.6% |
| Remuneration and social security | 454/9 | - | €2,450 | +€2,450 | |
| Other amounts payable | 47/48 | €487 | €132,500 | +€132,013 | +27,109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,498 | €1,129 | -€369 | -24.6% |
| Other operating charges | 640/8 | €1,640 | €1,918 | +€278 | +17.0% |
| Gross operating margin | 9900 | €45,558 | €58,246 | +€12,687 | +27.8% |
| Operating profit (loss) | 9901 | €42,421 | €55,199 | +€12,778 | +30.1% |
| Financial income | 75/76B | €4,311 | €5,575 | +€1,264 | +29.3% |
| Recurring financial income | 75 | €4,311 | €5,575 | +€1,264 | +29.3% |
| Financial charges | 65/66B | €1,053 | €815 | -€238 | -22.6% |
| Recurring financial charges | 65 | €1,053 | €815 | -€238 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €45,679 | €59,959 | +€14,280 | +31.3% |
| Income taxes | 67/77 | €12,738 | €15,623 | +€2,886 | +22.7% |
| Profit (loss) for the period | 9904 | €32,941 | €44,336 | +€11,395 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,941 | €44,336 | +€11,395 | +34.6% |
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 15 October 2026 via checked.be.