MARELEC DISTRIBUTION: 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.
MARELEC DISTRIBUTION
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+138.0%), from €1.0m to €2.4m
of which Trade receivables: +€1.3m
- Cash +€482,896
up €482,896 (+300.4%), from €160,743 to €643,638
mainly Trade debts (+€1.8m) and Net result for the year (+€60,655)
- Trade debts +€1.8m
up €1.8m (+206.2%), from €873,915 to €2.7m
- Profit (loss) carried forward +€60,655
up €60,655 (+108.3%), from €55,983 to €116,638
- Gross operating margin -€172,740
down €172,740 (-88.3%), from €195,655 to €22,915
- Staff costs -€65,790
down €65,790 (-100.0%), from €65,790 to €0
- Provisions -€60,000
down €60,000, from €30,000 to -€30,000
- Financial charges +€21,093
up €21,093 (+1158.0%), from €1,822 to €22,915
of which Financial charges: +€22,031
- Financial income +€9,562
up €9,562 (+17.0%), from €56,138 to €65,700
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,785 | €3,077,900 | +€1.9m | +152.1% |
| Fixed assets | 21/28 | €57,648 | €48,519 | -€9,129 | -15.8% |
| Tangible fixed assets | 22/27 | €17,907 | €8,779 | -€9,129 | -51.0% |
| Furniture and vehicles | 24 | €17,907 | €8,779 | -€9,129 | -51.0% |
| Financial fixed assets | 28 | €39,740 | €39,740 | = | 0.0% |
| Current assets | 29/58 | €1,163,138 | €3,029,381 | +€1.9m | +160.4% |
| Amounts receivable within one year | 40/41 | €1,002,395 | €2,385,743 | +€1.4m | +138.0% |
| Trade receivables | 40 | €195,492 | €1,466,180 | +€1.3m | +650.0% |
| Other amounts receivable | 41 | €806,903 | €919,563 | +€112,659 | +14.0% |
| Cash at bank and in hand | 54/58 | €160,743 | €643,638 | +€482,896 | +300.4% |
| Total equity and liabilities | 10/49 | €1,220,785 | €3,077,900 | +€1.9m | +152.1% |
| Equity | 10/15 | €291,683 | €352,338 | +€60,655 | +20.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €195,700 | €195,700 | = | 0.0% |
| Distributable reserves | 133 | €195,700 | €195,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,983 | €116,638 | +€60,655 | +108.3% |
| Provisions and deferred taxes | 16 | €30,000 | €0 | -€30,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €0 | -€30,000 | -100.0% |
| Other liabilities and charges | 164/5 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts payable | 17/49 | €899,102 | €2,725,562 | +€1.8m | +203.1% |
| Amounts payable within one year | 42/48 | €899,102 | €2,725,562 | +€1.8m | +203.1% |
| Trade debts | 44 | €873,915 | €2,675,945 | +€1.8m | +206.2% |
| Suppliers | 440/4 | €873,915 | €2,675,945 | +€1.8m | +206.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,037 | €48,467 | +€24,429 | +101.6% |
| Taxes | 450/3 | €24,037 | €48,467 | +€24,429 | +101.6% |
| Other amounts payable | 47/48 | €1,150 | €1,150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,790 | €0 | -€65,790 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,129 | €9,129 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,000 | -€30,000 | -€60,000 | |
| Other operating charges | 640/8 | €1,643 | €1,486 | -€156 | -9.5% |
| Gross operating margin | 9900 | €195,655 | €22,915 | -€172,740 | -88.3% |
| Operating profit (loss) | 9901 | €89,093 | €42,299 | -€46,794 | -52.5% |
| Financial income | 75/76B | €56,138 | €65,700 | +€9,562 | +17.0% |
| Recurring financial income | 75 | €56,138 | €65,700 | +€9,562 | +17.0% |
| Financial charges | 65/66B | €1,822 | €22,915 | +€21,093 | +1158.0% |
| Recurring financial charges | 65 | €884 | €22,915 | +€22,031 | +2492.4% |
| Non-recurring financial charges | 66B | €938 | €0 | -€938 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €143,409 | €85,085 | -€58,325 | -40.7% |
| Income taxes | 67/77 | €24,058 | €24,429 | +€371 | +1.5% |
| Profit (loss) for the period | 9904 | €119,351 | €60,655 | -€58,696 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,351 | €60,655 | -€58,696 | -49.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.