MARLA: 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.
MARLA
Largest movements
- Receivables within one year -€247,837
down €247,837 (-26.1%), from €950,733 to €702,896
of which Trade receivables: -€247,837
- Cash -€92,930
down €92,930 (-29.3%), from €317,442 to €224,512
mainly Trade debts (-€500,542) and Debts after one year (-€48,550)
- Tangible fixed assets -€65,924
down €65,924 (-40.4%), from €163,110 to €97,186
of which Leasing and similar rights: -€40,513
- Stocks and contracts -€43,978
down €43,978 (-56.0%), from €78,475 to €34,497
- Trade debts -€500,542
down €500,542 (-62.3%), from €803,773 to €303,231
- Reserves +€67,675
up €67,675 (+25.6%), from €264,463 to €332,139
of which Distributable reserves: +€67,675
- Debts after one year -€48,550
down €48,550 (-55.1%), from €88,106 to €39,556
- Short-term financial debts +€47,543
up €47,543 (+59.6%), from €79,759 to €127,302
- Current portion of long-term debt -€39,335
down €39,335 (-43.7%), from €90,083 to €50,748
- Depreciation +€13,781
up €13,781 (+25.8%), from €53,473 to €67,254
- Taxes +€12,023
up €12,023 (+226%), from €5,331 to €17,354
- Staff costs +€4,472
up €4,472 (+12.7%), from €35,257 to €39,730
- Financial charges +€3,454
up €3,454 (+31.4%), from €11,017 to €14,471
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,528,640 | €1,071,622 | -€457,018 | -29.9% |
| Fixed assets | 21/28 | €164,022 | €98,098 | -€65,924 | -40.2% |
| Tangible fixed assets | 22/27 | €163,110 | €97,186 | -€65,924 | -40.4% |
| Plant, machinery and equipment | 23 | €90,174 | €64,763 | -€25,412 | -28.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €72,936 | €32,423 | -€40,513 | -55.5% |
| Financial fixed assets | 28 | €912 | €912 | = | 0.0% |
| Current assets | 29/58 | €1,364,618 | €973,525 | -€391,093 | -28.7% |
| Stocks and contracts in progress | 3 | €78,475 | €34,497 | -€43,978 | -56.0% |
| Stocks | 30/36 | €78,475 | €34,497 | -€43,978 | -56.0% |
| Amounts receivable within one year | 40/41 | €950,733 | €702,896 | -€247,837 | -26.1% |
| Trade receivables | 40 | €950,733 | €702,896 | -€247,837 | -26.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €317,442 | €224,512 | -€92,930 | -29.3% |
| Deferred charges and accrued income | 490/1 | €17,968 | €11,619 | -€6,348 | -35.3% |
| Total equity and liabilities | 10/49 | €1,528,640 | €1,071,622 | -€457,018 | -29.9% |
| Equity | 10/15 | €283,063 | €350,739 | +€67,675 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,463 | €332,139 | +€67,675 | +25.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €264,463 | €332,139 | +€67,675 | +25.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,245,576 | €720,883 | -€524,693 | -42.1% |
| Amounts payable after more than one year | 17 | €88,106 | €39,556 | -€48,550 | -55.1% |
| Financial debts | 170/4 | €88,106 | €39,556 | -€48,550 | -55.1% |
| Amounts payable within one year | 42/48 | €1,157,471 | €681,327 | -€476,143 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €90,083 | €50,748 | -€39,335 | -43.7% |
| Financial debts | 43 | €79,759 | €127,302 | +€47,543 | +59.6% |
| Credit institutions | 430/8 | €79,759 | €127,302 | +€47,543 | +59.6% |
| Trade debts | 44 | €803,773 | €303,231 | -€500,542 | -62.3% |
| Suppliers | 440/4 | €803,773 | €303,231 | -€500,542 | -62.3% |
| Taxes, remuneration and social security | 45 | €35,563 | €44,723 | +€9,161 | +25.8% |
| Taxes | 450/3 | €35,563 | €37,717 | +€2,154 | +6.1% |
| Remuneration and social security | 454/9 | - | €7,007 | +€7,007 | |
| Other amounts payable | 47/48 | €148,293 | €155,323 | +€7,030 | +4.7% |
| Remuneration, social security and pensions | 62 | €35,257 | €39,730 | +€4,472 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,473 | €67,254 | +€13,781 | +25.8% |
| Other operating charges | 640/8 | €2,751 | €3,113 | +€362 | +13.2% |
| Gross operating margin | 9900 | €214,798 | €216,797 | +€1,999 | +0.9% |
| Operating profit (loss) | 9901 | €123,317 | €106,701 | -€16,616 | -13.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,017 | €14,471 | +€3,454 | +31.4% |
| Recurring financial charges | 65 | €11,017 | €14,471 | +€3,454 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €112,300 | €92,230 | -€20,070 | -17.9% |
| Income taxes | 67/77 | €5,331 | €17,354 | +€12,023 | +226% |
| Profit (loss) for the period | 9904 | €106,969 | €74,875 | -€32,094 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,969 | €74,875 | -€32,094 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.