MAREX SComm: 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.
MAREX SComm
Largest movements
- Stocks and contracts +€7,867
up €7,867 (+207.6%), from €3,790 to €11,657
- Receivables within one year -€7,811
down €7,811 (-21.6%), from €36,116 to €28,305
of which Trade receivables: -€5,786
- Cash -€2,485
down €2,485 (-38.2%), from €6,506 to €4,021
mainly Tax, wage and social debts (-€11,055) and Stocks and contracts (-€7,867)
- Tangible fixed assets -€1,677
down €1,677 (-38.4%), from €4,366 to €2,689
of which Plant, machinery and equipment: -€1,436
- Tax, wage and social debts -€11,055
down €11,055 (-86.0%), from €12,857 to €1,802
- Trade debts +€4,418
up €4,418 (+89.9%), from €4,915 to €9,333
- Reserves +€2,665
up €2,665 (+7.6%), from €35,114 to €37,779
- Gross operating margin +€3,767
up €3,767 (+175.1%), from €2,152 to €5,919
- Taxes +€945
up €945 (+368.2%), from €257 to €1,202
- Financial income -€198
down €198 (-40.4%), from €491 to €293
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 | €53,193 | €49,221 | -€3,972 | -7.5% |
| Fixed assets | 21/28 | €4,366 | €2,689 | -€1,677 | -38.4% |
| Tangible fixed assets | 22/27 | €4,366 | €2,689 | -€1,677 | -38.4% |
| Plant, machinery and equipment | 23 | €3,525 | €2,089 | -€1,436 | -40.7% |
| Furniture and vehicles | 24 | €841 | €600 | -€241 | -28.7% |
| Current assets | 29/58 | €48,827 | €46,532 | -€2,295 | -4.7% |
| Stocks and contracts in progress | 3 | €3,790 | €11,657 | +€7,867 | +207.6% |
| Contracts in progress | 37 | €3,790 | €11,657 | +€7,867 | +207.6% |
| Amounts receivable within one year | 40/41 | €36,116 | €28,305 | -€7,811 | -21.6% |
| Trade receivables | 40 | €30,736 | €24,950 | -€5,786 | -18.8% |
| Other amounts receivable | 41 | €5,380 | €3,355 | -€2,025 | -37.6% |
| Cash at bank and in hand | 54/58 | €6,506 | €4,021 | -€2,485 | -38.2% |
| Deferred charges and accrued income | 490/1 | €2,416 | €2,550 | +€134 | +5.5% |
| Total equity and liabilities | 10/49 | €53,193 | €49,221 | -€3,972 | -7.5% |
| Equity | 10/15 | €35,421 | €38,086 | +€2,665 | +7.5% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €35,114 | €37,779 | +€2,665 | +7.6% |
| Distributable reserves | 133 | €35,114 | €37,779 | +€2,665 | +7.6% |
| Profit (loss) carried forward | 14 | €57 | €57 | = | 0.0% |
| Amounts payable | 17/49 | €17,772 | €11,135 | -€6,637 | -37.3% |
| Amounts payable within one year | 42/48 | €17,772 | €11,135 | -€6,637 | -37.3% |
| Trade debts | 44 | €4,915 | €9,333 | +€4,418 | +89.9% |
| Suppliers | 440/4 | €4,915 | €9,333 | +€4,418 | +89.9% |
| Taxes, remuneration and social security | 45 | €12,857 | €1,802 | -€11,055 | -86.0% |
| Taxes | 450/3 | €12,857 | €1,802 | -€11,055 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,677 | €1,677 | -€0 | 0.0% |
| Other operating charges | 640/8 | €449 | €487 | +€38 | +8.4% |
| Gross operating margin | 9900 | €2,152 | €5,919 | +€3,767 | +175.1% |
| Operating profit (loss) | 9901 | €26 | €3,755 | +€3,729 | +14471.4% |
| Financial income | 75/76B | €491 | €293 | -€198 | -40.4% |
| Recurring financial income | 75 | €491 | €293 | -€198 | -40.4% |
| Financial charges | 65/66B | €146 | €181 | +€35 | +24.2% |
| Recurring financial charges | 65 | €146 | €181 | +€35 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €371 | €3,867 | +€3,496 | +943.2% |
| Income taxes | 67/77 | €257 | €1,202 | +€945 | +368.2% |
| Profit (loss) for the period | 9904 | €114 | €2,665 | +€2,551 | +2237.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114 | €2,665 | +€2,551 | +2237.4% |
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 3 October 2026 via checked.be.