Marelle: 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.
Marelle
Largest movements
- Cash -€24,492
down €24,492 (-78.6%), from €31,160 to €6,668
mainly Net result for the year (-€14,157) and Trade debts (-€13,678)
- Tangible fixed assets -€23,623
down €23,623 (-13.1%), from €180,187 to €156,564
of which Land and buildings: -€13,885
- Stocks and contracts +€7,625
up €7,625 (+9.5%), from €80,217 to €87,843
- Trade debts -€13,678
down €13,678 (-46.5%), from €29,387 to €15,709
- Reserves -€13,486
down €13,486 (-26.0%), from €51,870 to €38,383
- Debts after one year -€7,322
down €7,322 (-4.5%), from €163,114 to €155,792
- Tax, wage and social debts -€6,007
down €6,007 (-21.7%), from €27,685 to €21,678
of which Remuneration and social security: -€4,990
- Gross operating margin -€15,323
down €15,323 (-10.6%), from €144,114 to €128,791
- Staff costs +€5,784
up €5,784 (+5.2%), from €111,598 to €117,382
- Financial charges -€2,188
down €2,188 (-61.6%), from €3,553 to €1,364
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 | €296,896 | €254,314 | -€42,581 | -14.3% |
| Fixed assets | 21/28 | €180,187 | €156,564 | -€23,623 | -13.1% |
| Tangible fixed assets | 22/27 | €180,187 | €156,564 | -€23,623 | -13.1% |
| Land and buildings | 22 | €129,914 | €116,029 | -€13,885 | -10.7% |
| Plant, machinery and equipment | 23 | €50,273 | €40,535 | -€9,738 | -19.4% |
| Current assets | 29/58 | €116,709 | €97,751 | -€18,958 | -16.2% |
| Stocks and contracts in progress | 3 | €80,217 | €87,843 | +€7,625 | +9.5% |
| Stocks | 30/36 | €80,217 | €87,843 | +€7,625 | +9.5% |
| Amounts receivable within one year | 40/41 | €5,258 | €3,240 | -€2,018 | -38.4% |
| Other amounts receivable | 41 | €5,258 | €3,240 | -€2,018 | -38.4% |
| Cash at bank and in hand | 54/58 | €31,160 | €6,668 | -€24,492 | -78.6% |
| Deferred charges and accrued income | 490/1 | €74 | - | -€74 | |
| Total equity and liabilities | 10/49 | €296,896 | €254,314 | -€42,581 | -14.3% |
| Equity | 10/15 | €58,067 | €43,910 | -€14,157 | -24.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €51,870 | €38,383 | -€13,486 | -26.0% |
| Distributable reserves | 133 | €51,870 | €38,383 | -€13,486 | -26.0% |
| Profit (loss) carried forward | 14 | - | -€670 | -€670 | |
| Amounts payable | 17/49 | €238,829 | €210,404 | -€28,425 | -11.9% |
| Amounts payable after more than one year | 17 | €163,114 | €155,792 | -€7,322 | -4.5% |
| Financial debts | 170/4 | €163,114 | €155,792 | -€7,322 | -4.5% |
| Amounts payable within one year | 42/48 | €75,688 | €54,612 | -€21,076 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €7,213 | €7,322 | +€109 | +1.5% |
| Trade debts | 44 | €29,387 | €15,709 | -€13,678 | -46.5% |
| Suppliers | 440/4 | €29,387 | €15,709 | -€13,678 | -46.5% |
| Taxes, remuneration and social security | 45 | €27,685 | €21,678 | -€6,007 | -21.7% |
| Taxes | 450/3 | €2,852 | €1,834 | -€1,017 | -35.7% |
| Remuneration and social security | 454/9 | €24,833 | €19,843 | -€4,990 | -20.1% |
| Other amounts payable | 47/48 | €11,403 | €9,903 | -€1,500 | -13.2% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Remuneration, social security and pensions | 62 | €111,598 | €117,382 | +€5,784 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,322 | €23,623 | +€301 | +1.3% |
| Other operating charges | 640/8 | €789 | €602 | -€187 | -23.7% |
| Gross operating margin | 9900 | €144,114 | €128,791 | -€15,323 | -10.6% |
| Operating profit (loss) | 9901 | €8,405 | -€12,815 | -€21,221 | |
| Financial income | 75/76B | €1 | €23 | +€22 | +2783.8% |
| Recurring financial income | 75 | €1 | €23 | +€22 | +2783.8% |
| Financial charges | 65/66B | €3,553 | €1,364 | -€2,188 | -61.6% |
| Recurring financial charges | 65 | €3,553 | €1,364 | -€2,188 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €4,854 | -€14,157 | -€19,010 | |
| Income taxes | 67/77 | €447 | - | -€447 | |
| Profit (loss) for the period | 9904 | €4,407 | -€14,157 | -€18,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,407 | -€14,157 | -€18,563 |
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 4 October 2026 via checked.be.