Marfood: what changed
Marfood
Largest movements
- Tangible fixed assets +€16,283
up €16,283 (+597%), from €2,727 to €19,010
of which Land and buildings: +€16,598
- Stocks and contracts +€11,553
up €11,553 (+22.9%), from €50,350 to €61,903
- Cash -€2,996
down €2,996 (-4.3%), from €70,023 to €67,027
mainly Investment in fixed assets (net) (-€16,644) and Stocks and contracts (-€11,553)
- Other debts +€10,466
up €10,466 (+261%), from €4,017 to €14,483
- Profit (loss) carried forward +€6,792
up €6,792 (+46.6%), from €14,568 to €21,361
- Trade debts +€5,318
up €5,318 (+4.7%), from €113,614 to €118,932
- Tax, wage and social debts +€2,264
up €2,264 (+8.1%), from €27,900 to €30,164
of which Taxes: +€2,154
- Gross operating margin +€37,662
up €37,662 (+46.5%), from €80,964 to €118,625
- Staff costs +€28,674
up €28,674 (+48.9%), from €58,656 to €87,330
- Other operating charges +€9,335
up €9,335 (+2,527%), from €369 to €9,704
- Financial charges +€5,441
up €5,441 (+216%), from €2,519 to €7,961
- Taxes +€1,945
up €1,945 (+42.8%), from €4,542 to €6,487
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,099 | €187,940 | +€24,841 | +15.2% |
| Fixed assets | 21/28 | €2,727 | €19,010 | +€16,283 | +597% |
| Tangible fixed assets | 22/27 | €2,727 | €19,010 | +€16,283 | +597% |
| Land and buildings | 22 | - | €16,598 | +€16,598 | |
| Plant, machinery and equipment | 23 | €2,727 | €2,412 | -€315 | -11.6% |
| Current assets | 29/58 | €160,373 | €168,930 | +€8,557 | +5.3% |
| Stocks and contracts in progress | 3 | €50,350 | €61,903 | +€11,553 | +22.9% |
| Stocks | 30/36 | €50,350 | €61,903 | +€11,553 | +22.9% |
| Amounts receivable within one year | 40/41 | €40,000 | €40,000 | = | 0.0% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,023 | €67,027 | -€2,996 | -4.3% |
| Total equity and liabilities | 10/49 | €163,099 | €187,940 | +€24,841 | +15.2% |
| Equity | 10/15 | €17,568 | €24,361 | +€6,792 | +38.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,568 | €21,361 | +€6,792 | +46.6% |
| Amounts payable | 17/49 | €145,531 | €163,579 | +€18,048 | +12.4% |
| Amounts payable within one year | 42/48 | €145,531 | €163,579 | +€18,048 | +12.4% |
| Trade debts | 44 | €113,614 | €118,932 | +€5,318 | +4.7% |
| Suppliers | 440/4 | €113,614 | €118,932 | +€5,318 | +4.7% |
| Taxes, remuneration and social security | 45 | €27,900 | €30,164 | +€2,264 | +8.1% |
| Taxes | 450/3 | €11,857 | €14,012 | +€2,154 | +18.2% |
| Remuneration and social security | 454/9 | €16,043 | €16,153 | +€110 | +0.7% |
| Other amounts payable | 47/48 | €4,017 | €14,483 | +€10,466 | +261% |
| Remuneration, social security and pensions | 62 | €58,656 | €87,330 | +€28,674 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €361 | -€63 | -14.8% |
| Other operating charges | 640/8 | €369 | €9,704 | +€9,335 | +2,527% |
| Gross operating margin | 9900 | €80,964 | €118,625 | +€37,662 | +46.5% |
| Operating profit (loss) | 9901 | €21,515 | €21,230 | -€285 | -1.3% |
| Financial income | 75/76B | €114 | €10 | -€105 | -91.6% |
| Recurring financial income | 75 | €114 | €10 | -€105 | -91.6% |
| Financial charges | 65/66B | €2,519 | €7,961 | +€5,441 | +216% |
| Recurring financial charges | 65 | €2,519 | €7,961 | +€5,441 | +216% |
| Profit (loss) for the period before taxes | 9903 | €19,110 | €13,279 | -€5,831 | -30.5% |
| Income taxes | 67/77 | €4,542 | €6,487 | +€1,945 | +42.8% |
| Profit (loss) for the period | 9904 | €14,568 | €6,792 | -€7,776 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,568 | €6,792 | -€7,776 | -53.4% |
Next steps
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 2 November 2026 via checked.be.