MARGELIE: 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.
MARGELIE
Largest movements
- Cash -€1,130
down €1,130 (-57.8%), from €1,956 to €826
mainly Net result for the year (-€5,184) and Accrued charges and deferred income (-€219)
- Profit (loss) carried forward -€5,184
down €5,184 (-15.4%), from -€33,603 to -€38,787
- Other debts +€4,272
up €4,272 (+17.1%), from €25,000 to €29,272
- Gross operating margin +€70
up €70 (+1.7%), from -€4,075 to -€4,005
- Financial charges +€66
up €66 (+9.2%), from €713 to €779
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 | €96,615 | €95,485 | -€1,130 | -1.2% |
| Fixed assets | 21/28 | €94,659 | €94,659 | = | 0.0% |
| Tangible fixed assets | 22/27 | €94,659 | €94,659 | = | 0.0% |
| Other tangible fixed assets | 26 | €94,659 | €94,659 | = | 0.0% |
| Current assets | 29/58 | €1,956 | €826 | -€1,130 | -57.8% |
| Cash at bank and in hand | 54/58 | €1,956 | €826 | -€1,130 | -57.8% |
| Total equity and liabilities | 10/49 | €96,615 | €95,485 | -€1,130 | -1.2% |
| Equity | 10/15 | €71,397 | €66,213 | -€5,184 | -7.3% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,603 | -€38,787 | -€5,184 | -15.4% |
| Amounts payable | 17/49 | €25,219 | €29,272 | +€4,053 | +16.1% |
| Amounts payable within one year | 42/48 | €25,000 | €29,272 | +€4,272 | +17.1% |
| Other amounts payable | 47/48 | €25,000 | €29,272 | +€4,272 | +17.1% |
| Accrued charges and deferred income | 492/3 | €219 | €0 | -€219 | -100% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,075 | -€4,005 | +€70 | +1.7% |
| Operating profit (loss) | 9901 | -€4,462 | -€4,404 | +€58 | +1.3% |
| Financial charges | 65/66B | €713 | €779 | +€66 | +9.2% |
| Recurring financial charges | 65 | €713 | €779 | +€66 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,176 | -€5,184 | -€8 | -0.2% |
| Profit (loss) for the period | 9904 | -€5,176 | -€5,184 | -€8 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,176 | -€5,184 | -€8 | -0.2% |
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 17 October 2026 via checked.be.