Marley: 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.
Marley
Largest movements
- Tangible fixed assets +€87,851
up €87,851 (+416.2%), from €21,109 to €108,961
of which Other tangible fixed assets: +€89,937
- Cash -€46,638
down €46,638 (-67.6%), from €69,015 to €22,377
mainly Investment in fixed assets (net) (-€98,064) and Receivables within one year (-€33,375)
- Receivables within one year +€33,375
up €33,375 (+217.0%), from €15,378 to €48,753
of which Other amounts receivable: +€23,378
- Debts after one year +€79,473
new in 2025: €79,473
- Tax, wage and social debts -€26,048
down €26,048 (-37.7%), from €69,079 to €43,031
- Reserves +€16,802
up €16,802 (+55.1%), from €30,497 to €47,299
- Current portion of long-term debt +€8,358
new in 2025: €8,358
- Trade debts -€4,045
down €4,045 (-70.0%), from €5,776 to €1,731
- Gross operating margin -€35,756
down €35,756 (-38.0%), from €94,029 to €58,273
- Other operating charges +€15,032
up €15,032 (+1042.8%), from €1,442 to €16,474
- Taxes -€13,820
down €13,820 (-54.7%), from €25,259 to €11,439
- Depreciation +€6,272
up €6,272 (+159.1%), from €3,941 to €10,212
- Financial charges +€2,584
up €2,584 (+339.3%), from €762 to €3,346
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 | €107,353 | €181,892 | +€74,539 | +69.4% |
| Fixed assets | 21/28 | €21,559 | €109,411 | +€87,851 | +407.5% |
| Tangible fixed assets | 22/27 | €21,109 | €108,961 | +€87,851 | +416.2% |
| Land and buildings | 22 | €1,921 | €1,644 | -€277 | -14.4% |
| Plant, machinery and equipment | 23 | €12,981 | €10,729 | -€2,252 | -17.3% |
| Furniture and vehicles | 24 | €3,311 | €3,754 | +€443 | +13.4% |
| Other tangible fixed assets | 26 | €2,897 | €92,834 | +€89,937 | +3104.7% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €85,793 | €72,481 | -€13,312 | -15.5% |
| Amounts receivable within one year | 40/41 | €15,378 | €48,753 | +€33,375 | +217.0% |
| Trade receivables | 40 | €15,178 | €25,175 | +€9,997 | +65.9% |
| Other amounts receivable | 41 | €200 | €23,578 | +€23,378 | +11681.2% |
| Cash at bank and in hand | 54/58 | €69,015 | €22,377 | -€46,638 | -67.6% |
| Deferred charges and accrued income | 490/1 | €1,400 | €1,351 | -€49 | -3.5% |
| Total equity and liabilities | 10/49 | €107,353 | €181,892 | +€74,539 | +69.4% |
| Equity | 10/15 | €32,497 | €49,299 | +€16,802 | +51.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,497 | €47,299 | +€16,802 | +55.1% |
| Distributable reserves | 133 | €30,497 | €47,299 | +€16,802 | +55.1% |
| Amounts payable | 17/49 | €74,855 | €132,592 | +€57,737 | +77.1% |
| Amounts payable after more than one year | 17 | - | €79,473 | +€79,473 | |
| Financial debts | 170/4 | - | €79,473 | +€79,473 | |
| Amounts payable within one year | 42/48 | €74,855 | €53,120 | -€21,735 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,358 | +€8,358 | |
| Trade debts | 44 | €5,776 | €1,731 | -€4,045 | -70.0% |
| Suppliers | 440/4 | €5,776 | €1,731 | -€4,045 | -70.0% |
| Taxes, remuneration and social security | 45 | €69,079 | €43,031 | -€26,048 | -37.7% |
| Taxes | 450/3 | €69,079 | €43,031 | -€26,048 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,941 | €10,212 | +€6,272 | +159.1% |
| Other operating charges | 640/8 | €1,442 | €16,474 | +€15,032 | +1042.8% |
| Gross operating margin | 9900 | €94,029 | €58,273 | -€35,756 | -38.0% |
| Operating profit (loss) | 9901 | €88,647 | €31,587 | -€57,060 | -64.4% |
| Financial charges | 65/66B | €762 | €3,346 | +€2,584 | +339.3% |
| Recurring financial charges | 65 | €762 | €3,346 | +€2,584 | +339.3% |
| Profit (loss) for the period before taxes | 9903 | €87,885 | €28,241 | -€59,644 | -67.9% |
| Income taxes | 67/77 | €25,259 | €11,439 | -€13,820 | -54.7% |
| Profit (loss) for the period | 9904 | €62,626 | €16,802 | -€45,824 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,626 | €16,802 | -€45,824 | -73.2% |
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 9 October 2026 via checked.be.