Marlair Elec: 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.
Marlair Elec
Largest movements
- Cash -€46,549
down €46,549 (-99.8%), from €46,643 to €95
mainly Net result for the year (-€57,465) and Stocks and contracts (-€8,316)
- Tangible fixed assets -€17,428
down €17,428 (-74.3%), from €23,442 to €6,014
of which Plant, machinery and equipment: -€8,928
- Stocks and contracts +€8,316
up €8,316 (+19.6%), from €42,525 to €50,841
of which Stocks: +€10,603
- Receivables within one year -€4,204
down €4,204 (-10.7%), from €39,350 to €35,145
of which Trade receivables: -€5,453
- Profit (loss) carried forward -€57,465
down €57,465 (-16,869%), from -€341 to -€57,805
- Trade debts +€6,668
up €6,668 (+36.3%), from €18,364 to €25,032
- Debts after one year -€6,022
down €6,022 (-66.4%), from €9,064 to €3,043
- Tax, wage and social debts -€3,851
down €3,851 (-38.1%), from €10,115 to €6,264
of which Remuneration and social security: -€3,040
- Gross operating margin -€79,399
down €79,399 (-99.2%), from €80,066 to €667
- Staff costs -€5,300
down €5,300 (-12.7%), from €41,687 to €36,387
- Depreciation -€3,455
down €3,455 (-23.1%), from €14,990 to €11,535
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 | €161,068 | €99,627 | -€61,441 | -38.1% |
| Fixed assets | 21/28 | €31,116 | €12,687 | -€18,428 | -59.2% |
| Intangible fixed assets | 21 | €7,493 | €6,493 | -€1,000 | -13.3% |
| Tangible fixed assets | 22/27 | €23,442 | €6,014 | -€17,428 | -74.3% |
| Plant, machinery and equipment | 23 | €10,751 | €1,822 | -€8,928 | -83.1% |
| Furniture and vehicles | 24 | €12,692 | €4,192 | -€8,500 | -67.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €129,952 | €86,940 | -€43,012 | -33.1% |
| Stocks and contracts in progress | 3 | €42,525 | €50,841 | +€8,316 | +19.6% |
| Stocks | 30/36 | €14,837 | €25,440 | +€10,603 | +71.5% |
| Contracts in progress | 37 | €27,688 | €25,401 | -€2,287 | -8.3% |
| Amounts receivable within one year | 40/41 | €39,350 | €35,145 | -€4,204 | -10.7% |
| Trade receivables | 40 | €35,897 | €30,445 | -€5,453 | -15.2% |
| Other amounts receivable | 41 | €3,452 | €4,701 | +€1,248 | +36.2% |
| Cash at bank and in hand | 54/58 | €46,643 | €95 | -€46,549 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,434 | €859 | -€575 | -40.1% |
| Total equity and liabilities | 10/49 | €161,068 | €99,627 | -€61,441 | -38.1% |
| Equity | 10/15 | €4,659 | -€52,805 | -€57,465 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341 | -€57,805 | -€57,465 | -16,869% |
| Amounts payable | 17/49 | €156,408 | €152,432 | -€3,976 | -2.5% |
| Amounts payable after more than one year | 17 | €9,064 | €3,043 | -€6,022 | -66.4% |
| Financial debts | 170/4 | €9,064 | €3,043 | -€6,022 | -66.4% |
| Amounts payable within one year | 42/48 | €146,844 | €148,389 | +€1,545 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,937 | €6,022 | +€84 | +1.4% |
| Trade debts | 44 | €18,364 | €25,032 | +€6,668 | +36.3% |
| Suppliers | 440/4 | €18,364 | €25,032 | +€6,668 | +36.3% |
| Taxes, remuneration and social security | 45 | €10,115 | €6,264 | -€3,851 | -38.1% |
| Taxes | 450/3 | €1,663 | €853 | -€811 | -48.7% |
| Remuneration and social security | 454/9 | €8,452 | €5,411 | -€3,040 | -36.0% |
| Other amounts payable | 47/48 | €112,428 | €111,072 | -€1,356 | -1.2% |
| Accrued charges and deferred income | 492/3 | €500 | €1,000 | +€500 | +100% |
| Remuneration, social security and pensions | 62 | €41,687 | €36,387 | -€5,300 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,990 | €11,535 | -€3,455 | -23.1% |
| Other operating charges | 640/8 | €1,288 | €1,335 | +€46 | +3.6% |
| Non-recurring operating charges | 66A | - | €6,894 | +€6,894 | |
| Gross operating margin | 9900 | €80,066 | €667 | -€79,399 | -99.2% |
| Operating profit (loss) | 9901 | €22,101 | -€55,483 | -€77,584 | |
| Financial charges | 65/66B | €1,566 | €1,811 | +€246 | +15.7% |
| Recurring financial charges | 65 | €1,566 | €1,811 | +€246 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €20,535 | -€57,295 | -€77,830 | |
| Income taxes | 67/77 | €683 | €170 | -€513 | -75.1% |
| Profit (loss) for the period | 9904 | €19,853 | -€57,465 | -€77,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,853 | -€57,465 | -€77,317 |
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 29 October 2026 via checked.be.