Marga-Lievens: 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.
Marga-Lievens
Largest movements
- Cash +€9,956
up €9,956 (+40.6%), from €24,534 to €34,490
mainly Net result for the year (+€23,168) and Depreciation (+€9,064)
- Receivables within one year -€6,862
down €6,862 (-14.3%), from €47,901 to €41,039
of which Trade receivables: -€6,859
- Tangible fixed assets -€6,564
down €6,564 (-29.8%), from €22,033 to €15,469
of which Furniture and vehicles: -€6,418
- Tax, wage and social debts -€10,579
down €10,579 (-37.4%), from €28,266 to €17,687
of which Taxes: -€8,679
- Reserves +€9,050
up €9,050 (+21.1%), from €42,866 to €51,916
- Debts after one year -€6,471
down €6,471 (-47.7%), from €13,556 to €7,085
- Other debts +€4,966
up €4,966 (+548%), from €906 to €5,872
- Gross operating margin +€3,564
up €3,564 (+9.1%), from €39,115 to €42,678
- Depreciation +€1,261
up €1,261 (+16.2%), from €7,803 to €9,064
- Taxes +€735
up €735 (+9.9%), from €7,435 to €8,170
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 | €95,361 | €92,674 | -€2,687 | -2.8% |
| Fixed assets | 21/28 | €22,033 | €15,469 | -€6,564 | -29.8% |
| Tangible fixed assets | 22/27 | €22,033 | €15,469 | -€6,564 | -29.8% |
| Plant, machinery and equipment | 23 | €8,242 | €8,096 | -€146 | -1.8% |
| Furniture and vehicles | 24 | €13,791 | €7,373 | -€6,418 | -46.5% |
| Current assets | 29/58 | €73,328 | €77,205 | +€3,877 | +5.3% |
| Amounts receivable within one year | 40/41 | €47,901 | €41,039 | -€6,862 | -14.3% |
| Trade receivables | 40 | €47,897 | €41,039 | -€6,859 | -14.3% |
| Other amounts receivable | 41 | €3 | €0 | -€3 | -100% |
| Cash at bank and in hand | 54/58 | €24,534 | €34,490 | +€9,956 | +40.6% |
| Deferred charges and accrued income | 490/1 | €894 | €1,676 | +€783 | +87.6% |
| Total equity and liabilities | 10/49 | €95,361 | €92,674 | -€2,687 | -2.8% |
| Equity | 10/15 | €45,366 | €54,416 | +€9,050 | +19.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,866 | €51,916 | +€9,050 | +21.1% |
| Distributable reserves | 133 | €42,866 | €51,916 | +€9,050 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,995 | €38,258 | -€11,737 | -23.5% |
| Amounts payable after more than one year | 17 | €13,556 | €7,085 | -€6,471 | -47.7% |
| Financial debts | 170/4 | €13,556 | €7,085 | -€6,471 | -47.7% |
| Amounts payable within one year | 42/48 | €36,098 | €30,571 | -€5,526 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €6,403 | €6,471 | +€68 | +1.1% |
| Financial debts | 43 | €437 | €0 | -€437 | -100% |
| Credit institutions | 430/8 | €437 | €0 | -€437 | -100% |
| Trade debts | 44 | €86 | €540 | +€454 | +528% |
| Suppliers | 440/4 | €86 | €540 | +€454 | +528% |
| Taxes, remuneration and social security | 45 | €28,266 | €17,687 | -€10,579 | -37.4% |
| Taxes | 450/3 | €26,366 | €17,687 | -€8,679 | -32.9% |
| Remuneration and social security | 454/9 | €1,900 | €0 | -€1,900 | -100% |
| Other amounts payable | 47/48 | €906 | €5,872 | +€4,966 | +548% |
| Accrued charges and deferred income | 492/3 | €341 | €601 | +€261 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,803 | €9,064 | +€1,261 | +16.2% |
| Other operating charges | 640/8 | €1,829 | €1,723 | -€106 | -5.8% |
| Gross operating margin | 9900 | €39,115 | €42,678 | +€3,564 | +9.1% |
| Operating profit (loss) | 9901 | €29,483 | €31,892 | +€2,409 | +8.2% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €668 | €587 | -€81 | -12.2% |
| Recurring financial charges | 65 | €668 | €587 | -€81 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €28,815 | €31,338 | +€2,523 | +8.8% |
| Income taxes | 67/77 | €7,435 | €8,170 | +€735 | +9.9% |
| Profit (loss) for the period | 9904 | €21,380 | €23,168 | +€1,788 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,380 | €23,168 | +€1,788 | +8.4% |
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 27 October 2026 via checked.be.