MARGUYLUX: 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.
MARGUYLUX
Largest movements
- Tangible fixed assets -€34,286
down €34,286 (-3.7%), from €926,723 to €892,437
- Debts after one year -€43,911
down €43,911 (-7.5%), from €585,590 to €541,679
of which Financial debts: -€36,411
- Trade debts +€11,776
up €11,776 (+164%), from €7,198 to €18,975
- Reserves -€11,693
down €11,693 (-5.4%), from €216,847 to €205,154
of which Tax-exempt reserves: -€11,693
- Financial charges +€3,286
up €3,286 (+35.4%), from €9,288 to €12,574
- Gross operating margin -€3,268
down €3,268 (-6.1%), from €53,385 to €50,118
- Depreciation -€2,533
down €2,533 (-6.9%), from €36,819 to €34,286
- Taxes -€1,110
down €1,110 (-47.0%), from €2,362 to €1,252
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 | €1,042,093 | €999,627 | -€42,466 | -4.1% |
| Fixed assets | 21/28 | €926,723 | €892,437 | -€34,286 | -3.7% |
| Tangible fixed assets | 22/27 | €926,723 | €892,437 | -€34,286 | -3.7% |
| Land and buildings | 22 | €926,723 | €892,437 | -€34,286 | -3.7% |
| Current assets | 29/58 | €115,370 | €107,190 | -€8,180 | -7.1% |
| Amounts receivable within one year | 40/41 | €96,634 | €90,561 | -€6,073 | -6.3% |
| Other amounts receivable | 41 | €96,634 | €90,561 | -€6,073 | -6.3% |
| Cash at bank and in hand | 54/58 | €8,569 | €5,913 | -€2,657 | -31.0% |
| Deferred charges and accrued income | 490/1 | €10,167 | €10,716 | +€549 | +5.4% |
| Total equity and liabilities | 10/49 | €1,042,093 | €999,627 | -€42,466 | -4.1% |
| Equity | 10/15 | €355,536 | €347,184 | -€8,351 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,847 | €205,154 | -€11,693 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €214,987 | €203,294 | -€11,693 | -5.4% |
| Profit (loss) carried forward | 14 | €120,089 | €123,430 | +€3,342 | +2.8% |
| Provisions and deferred taxes | 16 | €51,798 | €47,900 | -€3,898 | -7.5% |
| Deferred taxes | 168 | €51,798 | €47,900 | -€3,898 | -7.5% |
| Amounts payable | 17/49 | €634,759 | €604,542 | -€30,217 | -4.8% |
| Amounts payable after more than one year | 17 | €585,590 | €541,679 | -€43,911 | -7.5% |
| Financial debts | 170/4 | €495,380 | €458,969 | -€36,411 | -7.4% |
| Other amounts payable | 178/9 | €90,210 | €82,710 | -€7,500 | -8.3% |
| Amounts payable within one year | 42/48 | €49,041 | €60,587 | +€11,546 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €35,724 | €36,411 | +€687 | +1.9% |
| Trade debts | 44 | €7,198 | €18,975 | +€11,776 | +164% |
| Suppliers | 440/4 | €7,198 | €18,975 | +€11,776 | +164% |
| Taxes, remuneration and social security | 45 | €2,169 | €1,252 | -€918 | -42.3% |
| Taxes | 450/3 | €2,169 | €1,252 | -€918 | -42.3% |
| Other amounts payable | 47/48 | €3,950 | €3,950 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €128 | €2,276 | +€2,148 | +1,680% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,819 | €34,286 | -€2,533 | -6.9% |
| Other operating charges | 640/8 | €14,549 | €14,256 | -€294 | -2.0% |
| Gross operating margin | 9900 | €53,385 | €50,118 | -€3,268 | -6.1% |
| Operating profit (loss) | 9901 | €2,018 | €1,576 | -€441 | -21.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,288 | €12,574 | +€3,286 | +35.4% |
| Recurring financial charges | 65 | €9,288 | €12,574 | +€3,286 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,270 | -€10,997 | -€3,728 | -51.3% |
| Transfer from deferred taxes | 780 | €3,898 | €3,898 | = | 0.0% |
| Income taxes | 67/77 | €2,362 | €1,252 | -€1,110 | -47.0% |
| Profit (loss) for the period | 9904 | -€5,734 | -€8,351 | -€2,618 | -45.7% |
| Transfer from tax-exempt reserves | 789 | €11,693 | €11,693 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,960 | €3,342 | -€2,618 | -43.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.