Marfa Consult: what changed
Two financial 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.
Marfa Consult
Largest movements
- Cash +€155,747
up €155,747 (+54.2%), from €287,441 to €443,189
mainly Net result for the year (+€98,613) and Receivables within one year (+€75,045)
- Receivables within one year -€75,045
down €75,045 (-89.2%), from €84,149 to €9,104
of which Trade receivables: -€72,571
- Profit (loss) carried forward +€105,010
up €105,010 (+34.2%), from €307,274 to €412,284
- Tax, wage and social debts -€13,255
down €13,255 (-23.7%), from €56,002 to €42,747
of which Taxes: -€9,532
- Trade debts -€7,910
down €7,910 (-57.3%), from €13,812 to €5,902
- Gross operating margin -€41,063
down €41,063 (-23.6%), from €173,891 to €132,828
- Taxes -€11,170
down €11,170 (-28.0%), from €39,880 to €28,710
- Depreciation +€3,203
up €3,203 (+258%), from €1,242 to €4,445
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.
Derived cash bridge
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 | €390,469 | €471,635 | +€81,166 | +20.8% |
| Fixed assets | 21/28 | €18,302 | €15,211 | -€3,091 | -16.9% |
| Tangible fixed assets | 22/27 | €15,502 | €12,411 | -€3,091 | -19.9% |
| Furniture and vehicles | 24 | €15,502 | €12,411 | -€3,091 | -19.9% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €372,167 | €456,424 | +€84,257 | +22.6% |
| Amounts receivable within one year | 40/41 | €84,149 | €9,104 | -€75,045 | -89.2% |
| Trade receivables | 40 | €81,646 | €9,075 | -€72,571 | -88.9% |
| Other amounts receivable | 41 | €2,504 | €29 | -€2,474 | -98.8% |
| Cash at bank and in hand | 54/58 | €287,441 | €443,189 | +€155,747 | +54.2% |
| Deferred charges and accrued income | 490/1 | €576 | €4,131 | +€3,555 | +617% |
| Total equity and liabilities | 10/49 | €390,469 | €471,635 | +€81,166 | +20.8% |
| Equity | 10/15 | €317,274 | €422,284 | +€105,010 | +33.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,274 | €412,284 | +€105,010 | +34.2% |
| Amounts payable | 17/49 | €73,195 | €49,351 | -€23,844 | -32.6% |
| Amounts payable within one year | 42/48 | €69,814 | €49,320 | -€20,494 | -29.4% |
| Financial debts | 43 | €0 | €671 | +€671 | |
| Credit institutions | 430/8 | €0 | €671 | +€671 | |
| Trade debts | 44 | €13,812 | €5,902 | -€7,910 | -57.3% |
| Suppliers | 440/4 | €13,812 | €5,902 | -€7,910 | -57.3% |
| Taxes, remuneration and social security | 45 | €56,002 | €42,747 | -€13,255 | -23.7% |
| Taxes | 450/3 | €52,280 | €42,747 | -€9,532 | -18.2% |
| Remuneration and social security | 454/9 | €3,722 | €0 | -€3,722 | -100% |
| Accrued charges and deferred income | 492/3 | €3,381 | €31 | -€3,350 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €4,445 | +€3,203 | +258% |
| Other operating charges | 640/8 | €46 | €354 | +€308 | +670% |
| Gross operating margin | 9900 | €173,891 | €132,828 | -€41,063 | -23.6% |
| Operating profit (loss) | 9901 | €172,603 | €128,029 | -€44,574 | -25.8% |
| Financial income | 75/76B | €17 | €1 | -€16 | -94.8% |
| Recurring financial income | 75 | €17 | €1 | -€16 | -94.8% |
| Financial charges | 65/66B | €381 | €707 | +€325 | +85.4% |
| Recurring financial charges | 65 | €381 | €707 | +€325 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €172,240 | €127,324 | -€44,916 | -26.1% |
| Income taxes | 67/77 | €39,880 | €28,710 | -€11,170 | -28.0% |
| Profit (loss) for the period | 9904 | €132,359 | €98,613 | -€33,746 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,359 | €98,613 | -€33,746 | -25.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.