Marella: 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.
Marella
Largest movements
- Deferred charges and accrued income -€204
no longer reported in 2025 (was €204)
- Other debts -€350
down €350 (-12.6%), from €2,774 to €2,424
- Profit (loss) carried forward +€146
up €146 (+0.6%), from -€23,021 to -€22,875
- Gross operating margin -€220
down €220 (-22.2%), from €991 to €771
- Other operating charges +€19
up €19 (+3.1%), from €606 to €625
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,780 | €5,575 | -€204 | -3.5% |
| Fixed assets | 21/28 | €5,575 | €5,575 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,575 | €5,575 | = | 0.0% |
| Land and buildings | 22 | €5,575 | €5,575 | = | 0.0% |
| Current assets | 29/58 | €204 | - | -€204 | |
| Deferred charges and accrued income | 490/1 | €204 | - | -€204 | |
| Total equity and liabilities | 10/49 | €5,780 | €5,575 | -€204 | -3.5% |
| Equity | 10/15 | €3,005 | €3,151 | +€146 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,435 | €7,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €5,575 | €5,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,021 | -€22,875 | +€146 | +0.6% |
| Amounts payable | 17/49 | €2,774 | €2,424 | -€350 | -12.6% |
| Amounts payable within one year | 42/48 | €2,774 | €2,424 | -€350 | -12.6% |
| Other amounts payable | 47/48 | €2,774 | €2,424 | -€350 | -12.6% |
| Other operating charges | 640/8 | €606 | €625 | +€19 | +3.1% |
| Gross operating margin | 9900 | €991 | €771 | -€220 | -22.2% |
| Operating profit (loss) | 9901 | €385 | €146 | -€239 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €385 | €146 | -€239 | -62.1% |
| Profit (loss) for the period | 9904 | €385 | €146 | -€239 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €385 | €146 | -€239 | -62.1% |
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 30 September 2026 via checked.be.