MAREL Management: what changed
Two fiscal 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.
MAREL Management
Largest movements
- Cash +€14,168
up €14,168 (+472.3%), from €3,000 to €17,168
mainly Net result for the year (+€10,268) and Tax, wage and social debts (+€6,284)
- Tangible fixed assets +€1,879
new in 2025: €1,879
- Profit (loss) carried forward +€10,268
up €10,268, from -€0 to €10,268
- Tax, wage and social debts +€6,284
new in 2025: €6,284
- Trade debts -€677
down €677 (-78.9%), from €859 to €182
- Gross operating margin +€16,897
new in 2025: €16,897
- Taxes +€3,908
new in 2025: €3,908
- Other operating charges +€2,226
new in 2025: €2,226
- Depreciation +€417
up €417 (+88761.7%), from €0 to €418
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 | €3,859 | €19,734 | +€15,875 | +411.4% |
| Formation expenses | 20 | €859 | €687 | -€172 | -20.0% |
| Fixed assets | 21/28 | - | €1,879 | +€1,879 | |
| Tangible fixed assets | 22/27 | - | €1,879 | +€1,879 | |
| Furniture and vehicles | 24 | - | €1,879 | +€1,879 | |
| Current assets | 29/58 | €3,000 | €17,168 | +€14,168 | +472.3% |
| Cash at bank and in hand | 54/58 | €3,000 | €17,168 | +€14,168 | +472.3% |
| Total equity and liabilities | 10/49 | €3,859 | €19,734 | +€15,875 | +411.4% |
| Equity | 10/15 | €3,000 | €13,268 | +€10,268 | +342.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€0 | €10,268 | +€10,268 | |
| Amounts payable | 17/49 | €859 | €6,466 | +€5,607 | +652.6% |
| Amounts payable within one year | 42/48 | €859 | €6,466 | +€5,607 | +652.6% |
| Trade debts | 44 | €859 | €182 | -€677 | -78.9% |
| Suppliers | 440/4 | €859 | €182 | -€677 | -78.9% |
| Taxes, remuneration and social security | 45 | - | €6,284 | +€6,284 | |
| Taxes | 450/3 | - | €6,284 | +€6,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €418 | +€417 | +88761.7% |
| Other operating charges | 640/8 | - | €2,226 | +€2,226 | |
| Gross operating margin | 9900 | - | €16,897 | +€16,897 | |
| Operating profit (loss) | 9901 | -€0 | €14,254 | +€14,254 | |
| Financial charges | 65/66B | - | €77 | +€77 | |
| Recurring financial charges | 65 | - | €77 | +€77 | |
| Profit (loss) for the period before taxes | 9903 | -€0 | €14,176 | +€14,177 | |
| Income taxes | 67/77 | - | €3,908 | +€3,908 | |
| Profit (loss) for the period | 9904 | -€0 | €10,268 | +€10,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€0 | €10,268 | +€10,269 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.