MARJAN TRADE: 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.
MARJAN TRADE
Largest movements
- Cash +€27,422
up €27,422 (+31.5%), from €87,164 to €114,586
mainly Receivables within one year (+€11,720) and Trade debts (+€8,027)
- Receivables within one year -€11,720
no longer reported in 2025 (was €11,720)
- Trade debts +€8,027
up €8,027 (+55.9%), from €14,371 to €22,398
- Profit (loss) carried forward +€6,894
up €6,894 (+17.8%), from €38,809 to €45,703
- Tax, wage and social debts +€1,801
up €1,801 (+37.9%), from €4,754 to €6,555
of which Remuneration and social security: +€2,042
- Staff costs +€10,048
up €10,048 (+58.0%), from €17,319 to €27,367
- Financial income -€1,549
no longer reported in 2025 (was €1,549)
of which Financial income: -€1,549
- Gross operating margin -€783
down €783 (-2.1%), from €37,852 to €37,069
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 | €99,534 | €116,256 | +€16,722 | +16.8% |
| Current assets | 29/58 | €99,534 | €116,256 | +€16,722 | +16.8% |
| Stocks and contracts in progress | 3 | €650 | €1,670 | +€1,020 | +157% |
| Stocks | 30/36 | €650 | €1,670 | +€1,020 | +157% |
| Amounts receivable within one year | 40/41 | €11,720 | - | -€11,720 | |
| Trade receivables | 40 | €11,720 | - | -€11,720 | |
| Cash at bank and in hand | 54/58 | €87,164 | €114,586 | +€27,422 | +31.5% |
| Total equity and liabilities | 10/49 | €99,534 | €116,256 | +€16,722 | +16.8% |
| Equity | 10/15 | €57,409 | €64,303 | +€6,894 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,809 | €45,703 | +€6,894 | +17.8% |
| Amounts payable | 17/49 | €42,125 | €51,953 | +€9,828 | +23.3% |
| Amounts payable within one year | 42/48 | €42,125 | €51,953 | +€9,828 | +23.3% |
| Trade debts | 44 | €14,371 | €22,398 | +€8,027 | +55.9% |
| Suppliers | 440/4 | €14,371 | €22,398 | +€8,027 | +55.9% |
| Taxes, remuneration and social security | 45 | €4,754 | €6,555 | +€1,801 | +37.9% |
| Taxes | 450/3 | €501 | €260 | -€241 | -48.1% |
| Remuneration and social security | 454/9 | €4,253 | €6,295 | +€2,042 | +48.0% |
| Other amounts payable | 47/48 | €23,000 | €23,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €17,319 | €27,367 | +€10,048 | +58.0% |
| Other operating charges | 640/8 | - | €40 | +€40 | |
| Gross operating margin | 9900 | €37,852 | €37,069 | -€783 | -2.1% |
| Operating profit (loss) | 9901 | €20,533 | €9,662 | -€10,871 | -52.9% |
| Financial income | 75/76B | €1,549 | - | -€1,549 | |
| Recurring financial income | 75 | €1,549 | - | -€1,549 | |
| Non-recurring financial income | 76B | €1,549 | - | -€1,549 | |
| Financial charges | 65/66B | €143 | €165 | +€22 | +15.4% |
| Recurring financial charges | 65 | €143 | €165 | +€22 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €21,939 | €9,497 | -€12,442 | -56.7% |
| Income taxes | 67/77 | €2,239 | €2,603 | +€364 | +16.3% |
| Profit (loss) for the period | 9904 | €19,700 | €6,894 | -€12,806 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,700 | €6,894 | -€12,806 | -65.0% |
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 20 October 2026 via checked.be.