MARLIE: 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.
MARLIE
Largest movements
- Current investments +€200,000
up €200,000 (+50.0%), from €400,000 to €600,000
- Cash +€25,465
up €25,465 (+94.6%), from €26,919 to €52,384
mainly Net result for the year (+€173,575) and Provisions (+€56,875)
- Reserves +€170,625
up €170,625 (+66.7%), from €255,947 to €426,572
of which Tax-exempt reserves: +€170,625
- Provisions +€56,875
up €56,875 (+71.6%), from €79,454 to €136,329
- Gross operating margin -€84,701
down €84,701 (-28.0%), from €302,371 to €217,670
- Financial income +€12,410
up €12,410 (+585%), from €2,122 to €14,532
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 | €947,437 | €1,177,262 | +€229,825 | +24.3% |
| Fixed assets | 21/28 | €520,518 | €520,518 | = | 0.0% |
| Tangible fixed assets | 22/27 | €520,518 | €520,518 | = | 0.0% |
| Land and buildings | 22 | €520,518 | €520,518 | = | 0.0% |
| Current assets | 29/58 | €426,919 | €656,744 | +€229,825 | +53.8% |
| Amounts receivable within one year | 40/41 | - | €4,360 | +€4,360 | |
| Other amounts receivable | 41 | - | €4,360 | +€4,360 | |
| Current investments | 50/53 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €26,919 | €52,384 | +€25,465 | +94.6% |
| Total equity and liabilities | 10/49 | €947,437 | €1,177,262 | +€229,825 | +24.3% |
| Equity | 10/15 | €867,358 | €1,040,933 | +€173,575 | +20.0% |
| Contributions | 10/11 | €668,500 | €668,500 | = | 0.0% |
| Capital | 10 | €668,500 | €668,500 | = | 0.0% |
| Issued capital | 100 | €668,500 | €668,500 | = | 0.0% |
| Reserves | 13 | €255,947 | €426,572 | +€170,625 | +66.7% |
| Non-distributable reserves | 130/1 | €17,585 | €17,585 | = | 0.0% |
| Legal reserve | 130 | €17,585 | €17,585 | = | 0.0% |
| Tax-exempt reserves | 132 | €238,361 | €408,986 | +€170,625 | +71.6% |
| Profit (loss) carried forward | 14 | -€57,088 | -€54,138 | +€2,950 | +5.2% |
| Provisions and deferred taxes | 16 | €79,454 | €136,329 | +€56,875 | +71.6% |
| Deferred taxes | 168 | €79,454 | €136,329 | +€56,875 | +71.6% |
| Amounts payable | 17/49 | €625 | - | -€625 | |
| Amounts payable within one year | 42/48 | €560 | - | -€560 | |
| Trade debts | 44 | €560 | - | -€560 | |
| Suppliers | 440/4 | €560 | - | -€560 | |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Non-recurring operating income | 76A | €317,815 | €227,500 | -€90,315 | -28.4% |
| Other operating charges | 640/8 | €3,553 | €1,671 | -€1,882 | -53.0% |
| Gross operating margin | 9900 | €302,371 | €217,670 | -€84,701 | -28.0% |
| Operating profit (loss) | 9901 | €298,817 | €215,998 | -€82,819 | -27.7% |
| Financial income | 75/76B | €2,122 | €14,532 | +€12,410 | +585% |
| Recurring financial income | 75 | €2,122 | €14,532 | +€12,410 | +585% |
| Financial charges | 65/66B | €115 | €80 | -€35 | -30.6% |
| Recurring financial charges | 65 | €115 | €80 | -€35 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €300,824 | €230,450 | -€70,374 | -23.4% |
| Transfer to deferred taxes | 680 | €79,454 | €56,875 | -€22,579 | -28.4% |
| Profit (loss) for the period | 9904 | €221,370 | €173,575 | -€47,795 | -21.6% |
| Transfer to tax-exempt reserves | 689 | €238,361 | €170,625 | -€67,736 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,991 | €2,950 | +€19,941 |
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 17 October 2026 via checked.be.