MARHABA: 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.
MARHABA
Largest movements
- Cash -€34,676
down €34,676 (-71.0%), from €48,818 to €14,142
mainly Net result for the year (-€34,209) and Deferred charges and accrued income (-€22,733)
- Deferred charges and accrued income +€22,733
up €22,733 (+997%), from €2,279 to €25,012
- Tangible fixed assets -€3,624
down €3,624 (-37.4%), from €9,687 to €6,063
of which Plant, machinery and equipment: -€2,624
- Receivables within one year -€2,692
no longer reported in 2025 (was €2,692)
- Profit (loss) carried forward -€34,209
down €34,209 (-160%), from -€21,398 to -€55,607
- Trade debts +€9,490
up €9,490 (+79.9%), from €11,880 to €21,370
- Other debts +€8,678
up €8,678 (+19.3%), from €44,902 to €53,579
- Accrued charges and deferred income -€3,830
no longer reported in 2025 (was €3,830)
- Tax, wage and social debts +€1,611
up €1,611 (+14.0%), from €11,504 to €13,115
of which Remuneration and social security: +€1,913
- Staff costs +€34,223
up €34,223 (+56.3%), from €60,766 to €94,989
- Gross operating margin -€2,426
down €2,426 (-3.4%), from €71,508 to €69,082
- Other operating charges +€1,132
up €1,132 (+101%), from €1,125 to €2,257
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 | €64,977 | €46,718 | -€18,259 | -28.1% |
| Fixed assets | 21/28 | €11,187 | €7,563 | -€3,624 | -32.4% |
| Tangible fixed assets | 22/27 | €9,687 | €6,063 | -€3,624 | -37.4% |
| Plant, machinery and equipment | 23 | €7,180 | €4,556 | -€2,624 | -36.5% |
| Furniture and vehicles | 24 | €2,507 | €1,507 | -€1,000 | -39.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €53,790 | €39,155 | -€14,635 | -27.2% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,692 | - | -€2,692 | |
| Other amounts receivable | 41 | €2,692 | - | -€2,692 | |
| Cash at bank and in hand | 54/58 | €48,818 | €14,142 | -€34,676 | -71.0% |
| Deferred charges and accrued income | 490/1 | €2,279 | €25,012 | +€22,733 | +997% |
| Total equity and liabilities | 10/49 | €64,977 | €46,718 | -€18,259 | -28.1% |
| Equity | 10/15 | -€7,138 | -€41,347 | -€34,209 | -479% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,398 | -€55,607 | -€34,209 | -160% |
| Amounts payable | 17/49 | €72,115 | €88,064 | +€15,950 | +22.1% |
| Amounts payable within one year | 42/48 | €68,285 | €88,064 | +€19,779 | +29.0% |
| Trade debts | 44 | €11,880 | €21,370 | +€9,490 | +79.9% |
| Suppliers | 440/4 | €11,880 | €21,370 | +€9,490 | +79.9% |
| Taxes, remuneration and social security | 45 | €11,504 | €13,115 | +€1,611 | +14.0% |
| Taxes | 450/3 | €1,549 | €1,247 | -€302 | -19.5% |
| Remuneration and social security | 454/9 | €9,955 | €11,868 | +€1,913 | +19.2% |
| Other amounts payable | 47/48 | €44,902 | €53,579 | +€8,678 | +19.3% |
| Accrued charges and deferred income | 492/3 | €3,830 | - | -€3,830 | |
| Remuneration, social security and pensions | 62 | €60,766 | €94,989 | +€34,223 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,334 | €3,624 | +€290 | +8.7% |
| Other operating charges | 640/8 | €1,125 | €2,257 | +€1,132 | +101% |
| Gross operating margin | 9900 | €71,508 | €69,082 | -€2,426 | -3.4% |
| Operating profit (loss) | 9901 | €6,283 | -€31,789 | -€38,072 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €1,681 | €2,384 | +€703 | +41.8% |
| Recurring financial charges | 65 | €1,681 | €2,384 | +€703 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €4,602 | -€34,172 | -€38,775 | |
| Income taxes | 67/77 | - | €37 | +€37 | |
| Profit (loss) for the period | 9904 | €4,602 | -€34,209 | -€38,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,602 | -€34,209 | -€38,811 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.