Marjulart: 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.
Marjulart
Largest movements
- Cash -€38,770
down €38,770 (-92.9%), from €41,748 to €2,978
mainly Other debts (-€14,110) and Tax, wage and social debts (-€13,937)
- Receivables within one year +€10,603
up €10,603 (+54.9%), from €19,322 to €29,925
of which Other amounts receivable: +€11,925
- Tangible fixed assets -€1,461
down €1,461 (-8.1%), from €18,058 to €16,597
of which Furniture and vehicles: -€1,435
- Other debts -€14,110
down €14,110 (-33.9%), from €41,619 to €27,509
- Tax, wage and social debts -€13,937
down €13,937 (-93.9%), from €14,839 to €903
- Trade debts -€1,789
down €1,789 (-51.1%), from €3,499 to €1,710
- Other operating charges +€1,421
up €1,421 (+373%), from €381 to €1,802
- Taxes -€751
down €751 (-45.5%), from €1,649 to €898
- Depreciation +€344
up €344 (+11.9%), from €2,888 to €3,233
- Financial charges -€299
down €299 (-14.2%), from €2,101 to €1,802
- Gross operating margin -€198
down €198 (-2.4%), from €8,141 to €7,943
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 | €79,128 | €49,500 | -€29,628 | -37.4% |
| Fixed assets | 21/28 | €18,058 | €16,597 | -€1,461 | -8.1% |
| Tangible fixed assets | 22/27 | €18,058 | €16,597 | -€1,461 | -8.1% |
| Furniture and vehicles | 24 | €4,397 | €2,962 | -€1,435 | -32.6% |
| Other tangible fixed assets | 26 | €13,661 | €13,635 | -€26 | -0.2% |
| Current assets | 29/58 | €61,070 | €32,903 | -€28,167 | -46.1% |
| Amounts receivable within one year | 40/41 | €19,322 | €29,925 | +€10,603 | +54.9% |
| Trade receivables | 40 | €19,322 | €18,000 | -€1,322 | -6.8% |
| Other amounts receivable | 41 | - | €11,925 | +€11,925 | |
| Cash at bank and in hand | 54/58 | €41,748 | €2,978 | -€38,770 | -92.9% |
| Total equity and liabilities | 10/49 | €79,128 | €49,500 | -€29,628 | -37.4% |
| Equity | 10/15 | €17,970 | €18,179 | +€208 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €470 | €679 | +€208 | +44.3% |
| Amounts payable | 17/49 | €61,157 | €31,321 | -€29,836 | -48.8% |
| Amounts payable within one year | 42/48 | €59,957 | €30,121 | -€29,836 | -49.8% |
| Trade debts | 44 | €3,499 | €1,710 | -€1,789 | -51.1% |
| Suppliers | 440/4 | €3,499 | €1,710 | -€1,789 | -51.1% |
| Taxes, remuneration and social security | 45 | €14,839 | €903 | -€13,937 | -93.9% |
| Taxes | 450/3 | €14,839 | €903 | -€13,937 | -93.9% |
| Other amounts payable | 47/48 | €41,619 | €27,509 | -€14,110 | -33.9% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,888 | €3,233 | +€344 | +11.9% |
| Other operating charges | 640/8 | €381 | €1,802 | +€1,421 | +373% |
| Gross operating margin | 9900 | €8,141 | €7,943 | -€198 | -2.4% |
| Operating profit (loss) | 9901 | €4,872 | €2,909 | -€1,964 | -40.3% |
| Financial charges | 65/66B | €2,101 | €1,802 | -€299 | -14.2% |
| Recurring financial charges | 65 | €2,101 | €1,802 | -€299 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €2,771 | €1,107 | -€1,665 | -60.1% |
| Income taxes | 67/77 | €1,649 | €898 | -€751 | -45.5% |
| Profit (loss) for the period | 9904 | €1,122 | €208 | -€914 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,122 | €208 | -€914 | -81.4% |
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 30 October 2026 via checked.be.