MARILEC: 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.
MARILEC
Largest movements
- Tangible fixed assets -€17,250
down €17,250 (-11.2%), from €154,267 to €137,016
of which Furniture and vehicles: -€13,441
- Cash -€12,363
down €12,363 (-31.3%), from €39,517 to €27,154
mainly Debts after one year (-€22,879) and Receivables within one year (-€12,201)
- Receivables within one year +€12,201
up €12,201 (+599%), from €2,038 to €14,239
of which Trade receivables: +€14,151
- Debts after one year -€22,879
down €22,879 (-23.8%), from €96,086 to €73,207
- Tax, wage and social debts +€6,953
up €6,953 (+3,139%), from €221 to €7,174
- Profit (loss) carried forward -€6,088
down €6,088 (-29.9%), from -€20,347 to -€26,435
- Trade debts +€2,372
up €2,372 (+2,804%), from €85 to €2,456
- Gross operating margin +€14,278
up €14,278 (+336%), from €4,246 to €18,524
- Financial charges -€699
down €699 (-16.0%), from €4,374 to €3,675
- Other operating charges +€542
up €542 (+109%), from €498 to €1,040
- Depreciation +€224
up €224 (+1.1%), from €19,500 to €19,723
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 | €199,160 | €181,697 | -€17,463 | -8.8% |
| Fixed assets | 21/28 | €154,267 | €137,016 | -€17,250 | -11.2% |
| Tangible fixed assets | 22/27 | €154,267 | €137,016 | -€17,250 | -11.2% |
| Land and buildings | 22 | €105,519 | €102,144 | -€3,375 | -3.2% |
| Plant, machinery and equipment | 23 | €1,334 | €899 | -€435 | -32.6% |
| Furniture and vehicles | 24 | €47,414 | €33,974 | -€13,441 | -28.3% |
| Current assets | 29/58 | €44,893 | €44,680 | -€213 | -0.5% |
| Amounts receivable within one year | 40/41 | €2,038 | €14,239 | +€12,201 | +599% |
| Trade receivables | 40 | €0 | €14,151 | +€14,151 | |
| Other amounts receivable | 41 | €2,038 | €88 | -€1,950 | -95.7% |
| Cash at bank and in hand | 54/58 | €39,517 | €27,154 | -€12,363 | -31.3% |
| Deferred charges and accrued income | 490/1 | €3,339 | €3,288 | -€51 | -1.5% |
| Total equity and liabilities | 10/49 | €199,160 | €181,697 | -€17,463 | -8.8% |
| Equity | 10/15 | €75,366 | €69,277 | -€6,088 | -8.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,713 | €90,713 | = | 0.0% |
| Distributable reserves | 133 | €90,713 | €90,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,347 | -€26,435 | -€6,088 | -29.9% |
| Amounts payable | 17/49 | €123,795 | €112,419 | -€11,375 | -9.2% |
| Amounts payable after more than one year | 17 | €96,086 | €73,207 | -€22,879 | -23.8% |
| Financial debts | 170/4 | €96,086 | €73,207 | -€22,879 | -23.8% |
| Amounts payable within one year | 42/48 | €27,708 | €39,212 | +€11,504 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €22,263 | €22,879 | +€616 | +2.8% |
| Trade debts | 44 | €85 | €2,456 | +€2,372 | +2,804% |
| Suppliers | 440/4 | €85 | €2,456 | +€2,372 | +2,804% |
| Taxes, remuneration and social security | 45 | €221 | €7,174 | +€6,953 | +3,139% |
| Taxes | 450/3 | €221 | €7,174 | +€6,953 | +3,139% |
| Other amounts payable | 47/48 | €5,139 | €6,703 | +€1,563 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,500 | €19,723 | +€224 | +1.1% |
| Other operating charges | 640/8 | €498 | €1,040 | +€542 | +109% |
| Gross operating margin | 9900 | €4,246 | €18,524 | +€14,278 | +336% |
| Operating profit (loss) | 9901 | -€15,752 | -€2,239 | +€13,512 | +85.8% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €4,374 | €3,675 | -€699 | -16.0% |
| Recurring financial charges | 65 | €4,374 | €3,675 | -€699 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,126 | -€5,881 | +€14,245 | +70.8% |
| Income taxes | 67/77 | €221 | €207 | -€14 | -6.4% |
| Profit (loss) for the period | 9904 | -€20,347 | -€6,088 | +€14,259 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,347 | -€6,088 | +€14,259 | +70.1% |
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.