MARELPUT: what changed
What changed
MARELPUT
NACE 28.220, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€669,793
2024 · €596,170+€73,623
Equity
€1.2m
2024 · €1.1m+€115,556
Cash
€41,522
2024 · €112,474-€70,952
Balance sheet total
€2.4m
2024 · €2.2m+€170,129
Largest movements
Assets
- Current investments +€380,000
up €380,000 (+34.5%), from €1.1m to €1.5m
- Tangible fixed assets -€86,747
down €86,747 (-11.1%), from €781,131 to €694,384
of which Other tangible fixed assets: -€89,954
- Cash -€70,952
down €70,952 (-63.1%), from €112,474 to €41,522
mainly Contributions, distributions and other (-€554,237) and Current investments (-€380,000)
- Receivables within one year -€54,286
down €54,286 (-55.5%), from €97,842 to €43,556
of which Other amounts receivable: -€45,901
Equity and liabilities
- Reserves +€150,000
up €150,000 (+21.4%), from €702,412 to €852,412
of which Distributable reserves: +€150,000
- Tax, wage and social debts +€51,189
up €51,189 (+232%), from €22,090 to €73,279
of which Taxes: +€49,147
- Profit (loss) carried forward -€34,444
down €34,444 (-74.4%), from €46,275 to €11,831
Income statement
- Gross operating margin +€103,694
up €103,694 (+11.0%), from €944,006 to €1.0m
- Taxes +€23,552
up €23,552 (+148%), from €15,889 to €39,441
- Financial income -€11,765
down €11,765 (-35.5%), from €33,162 to €21,397
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€596,170
Gross operating margin
+€103,694
Staff costs
+€4,967
Depreciation
-€5,462
Write-downs
+€2,435
Other operating charges
-€726
Financial income
-€11,765
Financial charges
+€4,032
Taxes
-€23,552
Result 2025
€669,793
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€910,760
Investment
-€427,475
Financing
-€554,237
Cash 2024
€112,474
From operations (derived)
+€910,760
Net result for the year
+€669,793
Depreciation
+€134,222
Smaller working-capital items
-€1,672
Receivables within one year
+€54,286
Tax, wage and social debts
+€51,189
Other debts
+€7,267
Accrued charges and deferred income
-€4,324
Investment (derived)
-€427,475
Investment in fixed assets (net)
-€47,475
Current investments
-€380,000
Financing
-€554,237
Contributions, distributions and other
-€554,237
Cash 2025
€41,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,184,549 | €2,354,677 | +€170,129 | +7.8% |
| Fixed assets | 21/28 | €781,131 | €694,384 | -€86,747 | -11.1% |
| Tangible fixed assets | 22/27 | €781,131 | €694,384 | -€86,747 | -11.1% |
| Land and buildings | 22 | €87,852 | €86,911 | -€940 | -1.1% |
| Plant, machinery and equipment | 23 | €23,600 | €43,529 | +€19,929 | +84.4% |
| Furniture and vehicles | 24 | €50,931 | €35,150 | -€15,781 | -31.0% |
| Other tangible fixed assets | 26 | €618,749 | €528,795 | -€89,954 | -14.5% |
| Current assets | 29/58 | €1,403,417 | €1,660,293 | +€256,876 | +18.3% |
| Stocks and contracts in progress | 3 | €85,785 | €86,794 | +€1,009 | +1.2% |
| Stocks | 30/36 | €85,785 | €86,794 | +€1,009 | +1.2% |
| Amounts receivable within one year | 40/41 | €97,842 | €43,556 | -€54,286 | -55.5% |
| Trade receivables | 40 | €47,947 | €39,563 | -€8,384 | -17.5% |
| Other amounts receivable | 41 | €49,894 | €3,993 | -€45,901 | -92.0% |
| Current investments | 50/53 | €1,100,000 | €1,480,000 | +€380,000 | +34.5% |
| Cash at bank and in hand | 54/58 | €112,474 | €41,522 | -€70,952 | -63.1% |
| Deferred charges and accrued income | 490/1 | €7,317 | €8,421 | +€1,104 | +15.1% |
| Total equity and liabilities | 10/49 | €2,184,549 | €2,354,677 | +€170,129 | +7.8% |
| Equity | 10/15 | €1,085,307 | €1,200,863 | +€115,556 | +10.6% |
| Contributions | 10/11 | €336,620 | €336,620 | = | 0.0% |
| Capital | 10 | €336,620 | €336,620 | = | 0.0% |
| Issued capital | 100 | €336,620 | €336,620 | = | 0.0% |
| Reserves | 13 | €702,412 | €852,412 | +€150,000 | +21.4% |
| Non-distributable reserves | 130/1 | €33,662 | €33,662 | = | 0.0% |
| Legal reserve | 130 | €33,662 | €33,662 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €650,000 | €800,000 | +€150,000 | +23.1% |
| Profit (loss) carried forward | 14 | €46,275 | €11,831 | -€34,444 | -74.4% |
| Amounts payable | 17/49 | €1,099,242 | €1,153,814 | +€54,573 | +5.0% |
| Amounts payable within one year | 42/48 | €1,062,350 | €1,121,246 | +€58,897 | +5.5% |
| Trade debts | 44 | €25,821 | €26,261 | +€441 | +1.7% |
| Suppliers | 440/4 | €25,821 | €26,261 | +€441 | +1.7% |
| Taxes, remuneration and social security | 45 | €22,090 | €73,279 | +€51,189 | +232% |
| Taxes | 450/3 | - | €49,147 | +€49,147 | |
| Remuneration and social security | 454/9 | €22,090 | €24,132 | +€2,042 | +9.2% |
| Other amounts payable | 47/48 | €1,014,439 | €1,021,706 | +€7,267 | +0.7% |
| Accrued charges and deferred income | 492/3 | €36,892 | €32,568 | -€4,324 | -11.7% |
| Remuneration, social security and pensions | 62 | €173,220 | €168,253 | -€4,967 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,760 | €134,222 | +€5,462 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,435 | - | -€2,435 | |
| Other operating charges | 640/8 | €23,324 | €24,050 | +€726 | +3.1% |
| Gross operating margin | 9900 | €944,006 | €1,047,700 | +€103,694 | +11.0% |
| Operating profit (loss) | 9901 | €616,267 | €721,175 | +€104,908 | +17.0% |
| Financial income | 75/76B | €33,162 | €21,397 | -€11,765 | -35.5% |
| Recurring financial income | 75 | €33,162 | €21,397 | -€11,765 | -35.5% |
| Financial charges | 65/66B | €37,370 | €33,338 | -€4,032 | -10.8% |
| Recurring financial charges | 65 | €37,370 | €33,338 | -€4,032 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €612,059 | €709,234 | +€97,175 | +15.9% |
| Income taxes | 67/77 | €15,889 | €39,441 | +€23,552 | +148% |
| Profit (loss) for the period | 9904 | €596,170 | €669,793 | +€73,623 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €596,170 | €669,793 | +€73,623 | +12.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.