MARCLAU: 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.
MARCLAU
Largest movements
- Receivables within one year +€132,268
up €132,268 (+193%), from €68,363 to €200,631
of which Trade receivables: +€73,425
- Cash -€17,477
down €17,477 (-15.9%), from €109,872 to €92,395
mainly Receivables within one year (-€132,268) and Contributions, distributions and other (-€45,101)
- Reserves +€62,000
up €62,000 (+62.9%), from €98,511 to €160,511
- Tax, wage and social debts +€32,672
up €32,672 (+95.5%), from €34,212 to €66,883
of which Taxes: +€36,494
- Trade debts +€27,714
up €27,714 (+11.5%), from €241,942 to €269,656
- Other debts +€19,419
up €19,419 (+122%), from €15,933 to €35,352
- Provisions -€18,225
down €18,225 (-70.6%), from €25,817 to €7,593
- Gross operating margin +€48,416
up €48,416 (+15.6%), from €309,384 to €357,801
- Staff costs -€29,407
down €29,407 (-12.0%), from €245,670 to €216,262
- Taxes +€28,459
up €28,459 (+156%), from €18,225 to €46,684
- Provisions -€9,645
down €9,645 (-112%), from -€8,580 to -€18,225
- Depreciation -€4,574
down €4,574 (-33.1%), from €13,805 to €9,231
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 | €436,738 | €551,232 | +€114,494 | +26.2% |
| Fixed assets | 21/28 | €31,560 | €28,226 | -€3,334 | -10.6% |
| Intangible fixed assets | 21 | €758 | - | -€758 | |
| Tangible fixed assets | 22/27 | €30,402 | €27,826 | -€2,577 | -8.5% |
| Furniture and vehicles | 24 | €6,860 | €3,022 | -€3,838 | -56.0% |
| Other tangible fixed assets | 26 | €23,543 | €24,804 | +€1,262 | +5.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €405,178 | €523,006 | +€117,828 | +29.1% |
| Stocks and contracts in progress | 3 | €220,207 | €223,735 | +€3,528 | +1.6% |
| Stocks | 30/36 | €220,207 | €223,735 | +€3,528 | +1.6% |
| Amounts receivable within one year | 40/41 | €68,363 | €200,631 | +€132,268 | +193% |
| Trade receivables | 40 | €65,714 | €139,139 | +€73,425 | +112% |
| Other amounts receivable | 41 | €2,650 | €61,492 | +€58,843 | +2,221% |
| Cash at bank and in hand | 54/58 | €109,872 | €92,395 | -€17,477 | -15.9% |
| Deferred charges and accrued income | 490/1 | €6,735 | €6,245 | -€491 | -7.3% |
| Total equity and liabilities | 10/49 | €436,738 | €551,232 | +€114,494 | +26.2% |
| Equity | 10/15 | €108,511 | €160,513 | +€52,002 | +47.9% |
| Contributions | 10/11 | €10,000 | €2 | -€9,998 | -100.0% |
| Reserves | 13 | €98,511 | €160,511 | +€62,000 | +62.9% |
| Distributable reserves | 133 | €98,511 | €160,511 | +€62,000 | +62.9% |
| Provisions and deferred taxes | 16 | €25,817 | €7,593 | -€18,225 | -70.6% |
| Provisions for liabilities and charges | 160/5 | €25,817 | €7,593 | -€18,225 | -70.6% |
| Other liabilities and charges | 164/5 | €25,817 | €7,593 | -€18,225 | -70.6% |
| Amounts payable | 17/49 | €302,410 | €383,127 | +€80,717 | +26.7% |
| Amounts payable within one year | 42/48 | €292,586 | €372,891 | +€80,305 | +27.4% |
| Trade debts | 44 | €241,942 | €269,656 | +€27,714 | +11.5% |
| Suppliers | 440/4 | €241,942 | €269,656 | +€27,714 | +11.5% |
| Advances received on contracts in progress | 46 | €500 | €1,000 | +€500 | +100% |
| Taxes, remuneration and social security | 45 | €34,212 | €66,883 | +€32,672 | +95.5% |
| Taxes | 450/3 | €6,321 | €42,816 | +€36,494 | +577% |
| Remuneration and social security | 454/9 | €27,890 | €24,067 | -€3,823 | -13.7% |
| Other amounts payable | 47/48 | €15,933 | €35,352 | +€19,419 | +122% |
| Accrued charges and deferred income | 492/3 | €9,823 | €10,235 | +€412 | +4.2% |
| Remuneration, social security and pensions | 62 | €245,670 | €216,262 | -€29,407 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,805 | €9,231 | -€4,574 | -33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€995 | - | +€995 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,580 | -€18,225 | -€9,645 | -112% |
| Other operating charges | 640/8 | €1,672 | €764 | -€908 | -54.3% |
| Gross operating margin | 9900 | €309,384 | €357,801 | +€48,416 | +15.6% |
| Operating profit (loss) | 9901 | €57,812 | €149,768 | +€91,956 | +159% |
| Financial income | 75/76B | €45 | €655 | +€610 | +1,354% |
| Recurring financial income | 75 | €45 | €655 | +€610 | +1,354% |
| Financial charges | 65/66B | €4,951 | €6,636 | +€1,686 | +34.1% |
| Recurring financial charges | 65 | €4,951 | €6,636 | +€1,686 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €52,907 | €143,787 | +€90,880 | +172% |
| Income taxes | 67/77 | €18,225 | €46,684 | +€28,459 | +156% |
| Profit (loss) for the period | 9904 | €34,682 | €97,103 | +€62,421 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €34,682 | €97,103 | +€62,421 | +180% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.