MARLA: what changed
What changed
MARLA
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€13,237
2024 · €10,853+€2,384
Equity
€457,168
2024 · €490,882-€33,714
Cash
€1,835
2024 · €6,354-€4,518
Balance sheet total
€514,625
2024 · €551,608-€36,983
Largest movements
Assets
- Receivables within one year -€21,591
down €21,591 (-92.0%), from €23,456 to €1,866
of which Other amounts receivable: -€21,439
- Receivables after one year -€7,000
down €7,000 (-3.5%), from €200,000 to €193,000
Equity and liabilities
- Reserves -€33,714
down €33,714 (-7.9%), from €428,882 to €395,168
of which Distributable reserves: -€33,714
- Other debts +€22,350
up €22,350 (+380%), from €5,889 to €28,239
- Debts after one year -€12,989
down €12,989 (-49.0%), from €26,506 to €13,517
- Current portion of long-term debt -€11,552
down €11,552 (-47.1%), from €24,541 to €12,989
Income statement
- Gross operating margin +€5,371
up €5,371 (+22.3%), from €24,126 to €29,497
- Provisions +€4,911
no longer reported in 2025 (was -€4,911)
- Financial charges -€1,720
down €1,720 (-28.4%), from €6,058 to €4,337
- Other operating charges -€708
down €708 (-13.1%), from €5,413 to €4,705
- Taxes +€505
up €505 (+17.8%), from €2,839 to €3,344
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,853
Gross operating margin
+€5,371
Provisions
-€4,911
Other operating charges
+€708
Financial income
+€0
Financial charges
+€1,720
Taxes
-€505
Result 2025
€13,237
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,973
Investment
€0
Financing
-€71,491
Cash 2024
€6,354
From operations (derived)
+€66,973
Net result for the year
+€13,237
Depreciation
+€3,874
Receivables after one year
+€7,000
Receivables within one year
+€21,591
Trade debts
-€1,161
Tax, wage and social debts
+€82
Other debts
+€22,350
Financing
-€71,491
Debts after one year
-€12,989
Current portion of long-term debt
-€11,552
Contributions, distributions and other
-€46,951
Cash 2025
€1,835
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,608 | €514,625 | -€36,983 | -6.7% |
| Fixed assets | 21/28 | €321,798 | €317,924 | -€3,874 | -1.2% |
| Tangible fixed assets | 22/27 | €99,116 | €95,241 | -€3,874 | -3.9% |
| Land and buildings | 22 | €93,647 | €90,532 | -€3,115 | -3.3% |
| Plant, machinery and equipment | 23 | €5,469 | €4,709 | -€759 | -13.9% |
| Financial fixed assets | 28 | €222,683 | €222,683 | = | 0.0% |
| Current assets | 29/58 | €229,810 | €196,701 | -€33,109 | -14.4% |
| Amounts receivable after more than one year | 29 | €200,000 | €193,000 | -€7,000 | -3.5% |
| Other amounts receivable | 291 | €200,000 | €193,000 | -€7,000 | -3.5% |
| Amounts receivable within one year | 40/41 | €23,456 | €1,866 | -€21,591 | -92.0% |
| Trade receivables | 40 | €1,361 | €1,210 | -€151 | -11.1% |
| Other amounts receivable | 41 | €22,095 | €656 | -€21,439 | -97.0% |
| Cash at bank and in hand | 54/58 | €6,354 | €1,835 | -€4,518 | -71.1% |
| Total equity and liabilities | 10/49 | €551,608 | €514,625 | -€36,983 | -6.7% |
| Equity | 10/15 | €490,882 | €457,168 | -€33,714 | -6.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €428,882 | €395,168 | -€33,714 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €422,682 | €388,968 | -€33,714 | -8.0% |
| Amounts payable | 17/49 | €60,727 | €57,458 | -€3,269 | -5.4% |
| Amounts payable after more than one year | 17 | €26,506 | €13,517 | -€12,989 | -49.0% |
| Financial debts | 170/4 | €26,506 | €13,517 | -€12,989 | -49.0% |
| Amounts payable within one year | 42/48 | €34,220 | €43,940 | +€9,720 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €24,541 | €12,989 | -€11,552 | -47.1% |
| Trade debts | 44 | €1,813 | €652 | -€1,161 | -64.0% |
| Suppliers | 440/4 | €1,813 | €652 | -€1,161 | -64.0% |
| Taxes, remuneration and social security | 45 | €1,979 | €2,060 | +€82 | +4.1% |
| Taxes | 450/3 | €1,979 | €2,060 | +€82 | +4.1% |
| Other amounts payable | 47/48 | €5,889 | €28,239 | +€22,350 | +380% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,874 | €3,874 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,911 | - | +€4,911 | |
| Other operating charges | 640/8 | €5,413 | €4,705 | -€708 | -13.1% |
| Gross operating margin | 9900 | €24,126 | €29,497 | +€5,371 | +22.3% |
| Operating profit (loss) | 9901 | €19,750 | €20,918 | +€1,168 | +5.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,058 | €4,337 | -€1,720 | -28.4% |
| Recurring financial charges | 65 | €6,058 | €4,337 | -€1,720 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €13,692 | €16,581 | +€2,888 | +21.1% |
| Income taxes | 67/77 | €2,839 | €3,344 | +€505 | +17.8% |
| Profit (loss) for the period | 9904 | €10,853 | €13,237 | +€2,384 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,853 | €13,237 | +€2,384 | +22.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.