MARELIE: 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.
MARELIE
Largest movements
- Cash +€187,891
up €187,891 (+841.1%), from €22,339 to €210,229
mainly Net result for the year (+€165,629) and Trade debts (+€60,824)
- Receivables within one year +€29,359
up €29,359 (+30.2%), from €97,162 to €126,522
of which Trade receivables: +€31,772
- Tangible fixed assets -€14,214
down €14,214 (-3.4%), from €416,533 to €402,319
- Profit (loss) carried forward +€165,629
up €165,629 (+69.5%), from €238,217 to €403,846
- Trade debts +€60,824
up €60,824 (+870.2%), from €6,990 to €67,814
- Debts after one year -€15,308
down €15,308 (-6.1%), from €249,901 to €234,593
- Gross operating margin +€12,853
up €12,853 (+5.6%), from €227,651 to €240,504
- Taxes +€2,494
up €2,494 (+5.4%), from €46,049 to €48,543
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 | €536,487 | €740,032 | +€203,544 | +37.9% |
| Fixed assets | 21/28 | €416,533 | €402,319 | -€14,214 | -3.4% |
| Tangible fixed assets | 22/27 | €416,533 | €402,319 | -€14,214 | -3.4% |
| Land and buildings | 22 | €416,533 | €402,319 | -€14,214 | -3.4% |
| Current assets | 29/58 | €119,954 | €337,712 | +€217,758 | +181.5% |
| Amounts receivable within one year | 40/41 | €97,162 | €126,522 | +€29,359 | +30.2% |
| Trade receivables | 40 | €91,512 | €123,284 | +€31,772 | +34.7% |
| Other amounts receivable | 41 | €5,651 | €3,238 | -€2,413 | -42.7% |
| Cash at bank and in hand | 54/58 | €22,339 | €210,229 | +€187,891 | +841.1% |
| Deferred charges and accrued income | 490/1 | €453 | €962 | +€508 | +112.1% |
| Total equity and liabilities | 10/49 | €536,487 | €740,032 | +€203,544 | +37.9% |
| Equity | 10/15 | €248,217 | €413,846 | +€165,629 | +66.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,217 | €403,846 | +€165,629 | +69.5% |
| Amounts payable | 17/49 | €288,270 | €326,186 | +€37,916 | +13.2% |
| Amounts payable after more than one year | 17 | €249,901 | €234,593 | -€15,308 | -6.1% |
| Financial debts | 170/4 | €249,901 | €234,593 | -€15,308 | -6.1% |
| Amounts payable within one year | 42/48 | €38,369 | €91,593 | +€53,224 | +138.7% |
| Current portion of amounts payable after more than one year | 42 | €14,742 | €15,308 | +€566 | +3.8% |
| Trade debts | 44 | €6,990 | €67,814 | +€60,824 | +870.2% |
| Suppliers | 440/4 | €6,990 | €67,814 | +€60,824 | +870.2% |
| Taxes, remuneration and social security | 45 | €15,340 | €8,332 | -€7,008 | -45.7% |
| Taxes | 450/3 | €15,340 | €8,332 | -€7,008 | -45.7% |
| Other amounts payable | 47/48 | €1,297 | €139 | -€1,158 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,459 | €14,214 | +€1,755 | +14.1% |
| Other operating charges | 640/8 | €789 | €2,218 | +€1,430 | +181.3% |
| Gross operating margin | 9900 | €227,651 | €240,504 | +€12,853 | +5.6% |
| Operating profit (loss) | 9901 | €214,403 | €224,072 | +€9,669 | +4.5% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €10,375 | €9,900 | -€475 | -4.6% |
| Recurring financial charges | 65 | €10,375 | €9,900 | -€475 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €204,197 | €214,172 | +€9,975 | +4.9% |
| Income taxes | 67/77 | €46,049 | €48,543 | +€2,494 | +5.4% |
| Profit (loss) for the period | 9904 | €158,148 | €165,629 | +€7,481 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €158,148 | €165,629 | +€7,481 | +4.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.