MARLICO: 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.
MARLICO
Largest movements
- Receivables within one year -€31,850
down €31,850 (-84.0%), from €37,900 to €6,050
of which Trade receivables: -€30,250
- Cash -€25,536
down €25,536 (-65.7%), from €38,875 to €13,339
mainly Contributions, distributions and other (-€86,000) and Tax, wage and social debts (-€8,279)
- Tangible fixed assets -€3,612
down €3,612 (-97.7%), from €3,696 to €84
of which Furniture and vehicles: -€3,482
- Receivables after one year +€2,246
up €2,246 (+3.5%), from €63,278 to €65,524
- Reserves -€54,519
down €54,519 (-69.0%), from €78,965 to €24,446
- Tax, wage and social debts -€8,279
down €8,279 (-50.6%), from €16,355 to €8,076
- Other debts +€6,890
up €6,890 (+27.0%), from €25,503 to €32,394
- Trade debts -€2,470
down €2,470 (-21.2%), from €11,658 to €9,188
- Depreciation -€7,568
down €7,568 (-67.7%), from €11,180 to €3,612
- Gross operating margin -€6,943
down €6,943 (-13.5%), from €51,278 to €44,335
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 | €144,347 | €85,737 | -€58,610 | -40.6% |
| Fixed assets | 21/28 | €3,696 | €84 | -€3,612 | -97.7% |
| Tangible fixed assets | 22/27 | €3,696 | €84 | -€3,612 | -97.7% |
| Plant, machinery and equipment | 23 | €214 | €84 | -€130 | -60.8% |
| Furniture and vehicles | 24 | €3,482 | €0 | -€3,482 | -100.0% |
| Current assets | 29/58 | €140,651 | €85,653 | -€54,998 | -39.1% |
| Amounts receivable after more than one year | 29 | €63,278 | €65,524 | +€2,246 | +3.5% |
| Other amounts receivable | 291 | €63,278 | €65,524 | +€2,246 | +3.5% |
| Amounts receivable within one year | 40/41 | €37,900 | €6,050 | -€31,850 | -84.0% |
| Trade receivables | 40 | €36,300 | €6,050 | -€30,250 | -83.3% |
| Other amounts receivable | 41 | €1,600 | €0 | -€1,600 | -100.0% |
| Cash at bank and in hand | 54/58 | €38,875 | €13,339 | -€25,536 | -65.7% |
| Deferred charges and accrued income | 490/1 | €598 | €740 | +€142 | +23.8% |
| Total equity and liabilities | 10/49 | €144,347 | €85,737 | -€58,610 | -40.6% |
| Equity | 10/15 | €88,965 | €34,446 | -€54,519 | -61.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €78,965 | €24,446 | -€54,519 | -69.0% |
| Distributable reserves | 133 | €78,965 | €24,446 | -€54,519 | -69.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,382 | €51,291 | -€4,091 | -7.4% |
| Amounts payable within one year | 42/48 | €53,517 | €49,658 | -€3,859 | -7.2% |
| Trade debts | 44 | €11,658 | €9,188 | -€2,470 | -21.2% |
| Suppliers | 440/4 | €11,658 | €9,188 | -€2,470 | -21.2% |
| Taxes, remuneration and social security | 45 | €16,355 | €8,076 | -€8,279 | -50.6% |
| Taxes | 450/3 | €16,355 | €8,076 | -€8,279 | -50.6% |
| Other amounts payable | 47/48 | €25,503 | €32,394 | +€6,890 | +27.0% |
| Accrued charges and deferred income | 492/3 | €1,865 | €1,634 | -€232 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,180 | €3,612 | -€7,568 | -67.7% |
| Other operating charges | 640/8 | €804 | €910 | +€105 | +13.1% |
| Gross operating margin | 9900 | €51,278 | €44,335 | -€6,943 | -13.5% |
| Operating profit (loss) | 9901 | €39,293 | €39,813 | +€520 | +1.3% |
| Financial income | 75/76B | €1,778 | €2,248 | +€469 | +26.4% |
| Recurring financial income | 75 | €1,778 | €2,248 | +€469 | +26.4% |
| Financial charges | 65/66B | €2,026 | €1,848 | -€178 | -8.8% |
| Recurring financial charges | 65 | €2,026 | €1,848 | -€178 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €39,045 | €40,213 | +€1,168 | +3.0% |
| Income taxes | 67/77 | €8,330 | €8,732 | +€402 | +4.8% |
| Profit (loss) for the period | 9904 | €30,715 | €31,481 | +€766 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,715 | €31,481 | +€766 | +2.5% |
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 10 October 2026 via checked.be.