MARLEV SERVICES: 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.
MARLEV SERVICES
Largest movements
- Tangible fixed assets +€175,262
up €175,262 (+127.6%), from €137,345 to €312,607
of which Land and buildings: +€164,730
- Receivables within one year +€143,801
up €143,801 (+727.3%), from €19,772 to €163,573
of which Trade receivables: +€145,928
- Cash -€89,818
down €89,818 (-88.0%), from €102,022 to €12,204
mainly Investment in fixed assets (net) (-€198,046) and Receivables within one year (-€143,801)
- Deferred charges and accrued income -€75,967
no longer reported in 2025 (was €75,967)
- Trade debts +€90,088
up €90,088 (+907.5%), from €9,927 to €100,014
- Tax, wage and social debts +€40,385
up €40,385 (+39.0%), from €103,638 to €144,023
of which Remuneration and social security: +€37,608
- Current portion of long-term debt +€36,678
up €36,678 (+308.0%), from €11,907 to €48,585
- Debts after one year -€15,152
down €15,152 (-11.5%), from €131,309 to €116,157
of which Financial debts: -€15,152
- Profit (loss) carried forward +€8,501
up €8,501 (+10.9%), from €77,915 to €86,417
- Staff costs +€328,552
up €328,552 (+65.1%), from €504,470 to €833,021
- Gross operating margin +€279,932
up €279,932 (+46.0%), from €608,587 to €888,519
- Depreciation +€9,225
up €9,225 (+82.4%), from €11,198 to €20,423
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.
Cash bridge derived
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 | €385,106 | €540,745 | +€155,639 | +40.4% |
| Fixed assets | 21/28 | €187,345 | €364,968 | +€177,623 | +94.8% |
| Tangible fixed assets | 22/27 | €137,345 | €312,607 | +€175,262 | +127.6% |
| Land and buildings | 22 | €114,279 | €279,009 | +€164,730 | +144.1% |
| Furniture and vehicles | 24 | €21,878 | €32,559 | +€10,681 | +48.8% |
| Other tangible fixed assets | 26 | €1,188 | €1,039 | -€149 | -12.6% |
| Financial fixed assets | 28 | €50,000 | €52,361 | +€2,361 | +4.7% |
| Current assets | 29/58 | €197,761 | €175,777 | -€21,984 | -11.1% |
| Amounts receivable within one year | 40/41 | €19,772 | €163,573 | +€143,801 | +727.3% |
| Trade receivables | 40 | €17,455 | €163,384 | +€145,928 | +836.0% |
| Other amounts receivable | 41 | €2,317 | €189 | -€2,127 | -91.8% |
| Cash at bank and in hand | 54/58 | €102,022 | €12,204 | -€89,818 | -88.0% |
| Deferred charges and accrued income | 490/1 | €75,967 | - | -€75,967 | |
| Total equity and liabilities | 10/49 | €385,106 | €540,745 | +€155,639 | +40.4% |
| Equity | 10/15 | €84,115 | €92,617 | +€8,501 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,915 | €86,417 | +€8,501 | +10.9% |
| Amounts payable | 17/49 | €300,991 | €448,129 | +€147,138 | +48.9% |
| Amounts payable after more than one year | 17 | €131,309 | €116,157 | -€15,152 | -11.5% |
| Financial debts | 170/4 | €120,309 | €105,157 | -€15,152 | -12.6% |
| Other amounts payable | 178/9 | €11,000 | €11,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,477 | €331,971 | +€165,495 | +99.4% |
| Current portion of amounts payable after more than one year | 42 | €11,907 | €48,585 | +€36,678 | +308.0% |
| Financial debts | 43 | €7,810 | - | -€7,810 | |
| Credit institutions | 430/8 | €7,790 | - | -€7,790 | |
| Other loans | 439 | €20 | - | -€20 | |
| Trade debts | 44 | €9,927 | €100,014 | +€90,088 | +907.5% |
| Suppliers | 440/4 | €9,927 | €100,014 | +€90,088 | +907.5% |
| Taxes, remuneration and social security | 45 | €103,638 | €144,023 | +€40,385 | +39.0% |
| Taxes | 450/3 | €19,279 | €22,056 | +€2,777 | +14.4% |
| Remuneration and social security | 454/9 | €84,359 | €121,967 | +€37,608 | +44.6% |
| Other amounts payable | 47/48 | €33,195 | €39,349 | +€6,154 | +18.5% |
| Accrued charges and deferred income | 492/3 | €3,205 | - | -€3,205 | |
| Remuneration, social security and pensions | 62 | €504,470 | €833,021 | +€328,552 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,198 | €20,423 | +€9,225 | +82.4% |
| Other operating charges | 640/8 | €2,288 | €1,047 | -€1,241 | -54.2% |
| Gross operating margin | 9900 | €608,587 | €888,519 | +€279,932 | +46.0% |
| Operating profit (loss) | 9901 | €90,631 | €34,027 | -€56,604 | -62.5% |
| Financial income | 75/76B | €193 | €77 | -€116 | -59.9% |
| Recurring financial income | 75 | €193 | €77 | -€116 | -59.9% |
| Financial charges | 65/66B | €3,365 | €10,819 | +€7,454 | +221.5% |
| Recurring financial charges | 65 | €3,365 | €10,819 | +€7,454 | +221.5% |
| Profit (loss) for the period before taxes | 9903 | €87,459 | €23,286 | -€64,173 | -73.4% |
| Income taxes | 67/77 | €20,687 | €14,784 | -€5,903 | -28.5% |
| Profit (loss) for the period | 9904 | €66,772 | €8,501 | -€58,270 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,772 | €8,501 | -€58,270 | -87.3% |
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 11 October 2026 via checked.be.