MARCLA: 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.
MARCLA
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+116%), from €1.5m to €3.2m
of which Land and buildings: +€1.7m
- Receivables within one year -€386,418
down €386,418 (-71.4%), from €541,267 to €154,849
of which Trade receivables: -€307,801
- Debts after one year +€1.2m
up €1.2m (+88.3%), from €1.4m to €2.6m
- Tax, wage and social debts -€93,684
down €93,684 (-28.9%), from €324,598 to €230,914
of which Taxes: -€96,078
- Profit (loss) carried forward +€93,231
up €93,231 (+7.5%), from €1.2m to €1.3m
- Current portion of long-term debt +€86,215
up €86,215 (+33.2%), from €259,407 to €345,622
- Gross operating margin -€351,810
down €351,810 (-51.5%), from €682,939 to €331,129
- Taxes -€113,075
down €113,075 (-81.6%), from €138,597 to €25,522
- Financial charges +€55,858
up €55,858 (+212%), from €26,403 to €82,261
- Depreciation +€10,505
up €10,505 (+23.2%), from €45,357 to €55,862
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 | €4,638,726 | €5,953,268 | +€1.3m | +28.3% |
| Fixed assets | 21/28 | €4,058,262 | €5,768,028 | +€1.7m | +42.1% |
| Tangible fixed assets | 22/27 | €1,469,512 | €3,179,278 | +€1.7m | +116% |
| Land and buildings | 22 | €1,469,512 | €3,179,278 | +€1.7m | +116% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €2,588,750 | €2,588,750 | = | 0.0% |
| Current assets | 29/58 | €580,464 | €185,239 | -€395,224 | -68.1% |
| Amounts receivable within one year | 40/41 | €541,267 | €154,849 | -€386,418 | -71.4% |
| Trade receivables | 40 | €461,757 | €153,956 | -€307,801 | -66.7% |
| Other amounts receivable | 41 | €79,510 | €893 | -€78,618 | -98.9% |
| Cash at bank and in hand | 54/58 | €39,196 | €20,235 | -€18,961 | -48.4% |
| Deferred charges and accrued income | 490/1 | - | €10,155 | +€10,155 | |
| Total equity and liabilities | 10/49 | €4,638,726 | €5,953,268 | +€1.3m | +28.3% |
| Equity | 10/15 | €2,455,941 | €2,549,172 | +€93,231 | +3.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €960,000 | €960,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €935,000 | €935,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,245,941 | €1,339,172 | +€93,231 | +7.5% |
| Amounts payable | 17/49 | €2,182,785 | €3,404,096 | +€1.2m | +56.0% |
| Amounts payable after more than one year | 17 | €1,398,754 | €2,633,200 | +€1.2m | +88.3% |
| Financial debts | 170/4 | €1,398,754 | €2,633,200 | +€1.2m | +88.3% |
| Amounts payable within one year | 42/48 | €783,046 | €770,895 | -€12,151 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €259,407 | €345,622 | +€86,215 | +33.2% |
| Trade debts | 44 | €14,383 | €9,701 | -€4,682 | -32.6% |
| Suppliers | 440/4 | €14,383 | €9,701 | -€4,682 | -32.6% |
| Taxes, remuneration and social security | 45 | €324,598 | €230,914 | -€93,684 | -28.9% |
| Taxes | 450/3 | €264,596 | €168,518 | -€96,078 | -36.3% |
| Remuneration and social security | 454/9 | €60,003 | €62,397 | +€2,394 | +4.0% |
| Other amounts payable | 47/48 | €184,657 | €184,657 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €986 | - | -€986 | |
| Remuneration, social security and pensions | 62 | €58,557 | €62,923 | +€4,366 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,357 | €55,862 | +€10,505 | +23.2% |
| Other operating charges | 640/8 | €9,675 | €11,330 | +€1,654 | +17.1% |
| Gross operating margin | 9900 | €682,939 | €331,129 | -€351,810 | -51.5% |
| Operating profit (loss) | 9901 | €569,349 | €201,014 | -€368,335 | -64.7% |
| Financial charges | 65/66B | €26,403 | €82,261 | +€55,858 | +212% |
| Recurring financial charges | 65 | €26,403 | €82,261 | +€55,858 | +212% |
| Profit (loss) for the period before taxes | 9903 | €542,946 | €118,753 | -€424,193 | -78.1% |
| Income taxes | 67/77 | €138,597 | €25,522 | -€113,075 | -81.6% |
| Profit (loss) for the period | 9904 | €404,349 | €93,231 | -€311,118 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €404,349 | €93,231 | -€311,118 | -76.9% |
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 14 October 2026 via checked.be.