MARLIE: what changed
MARLIE
Largest movements
- Cash -€10,590
down €10,590 (-89.9%), from €11,784 to €1,194
mainly Net result for the year (-€8,473) and Investment in fixed assets (net) (-€4,480)
- Tangible fixed assets -€4,099
down €4,099 (-22.3%), from €18,396 to €14,297
of which Plant, machinery and equipment: -€3,431
- Intangible fixed assets +€3,989
new in 2025: €3,989
- Receivables within one year +€2,733
up €2,733 (+13.8%), from €19,867 to €22,600
- Deferred charges and accrued income -€2,171
down €2,171 (-85.9%), from €2,526 to €355
- Profit (loss) carried forward -€8,473
down €8,473 (-21.5%), from €39,429 to €30,956
- Other debts -€3,600
down €3,600 (-78.5%), from €4,585 to €984
- Tax, wage and social debts +€665
up €665 (+12.3%), from €5,417 to €6,082
of which Remuneration and social security: +€2,500
- Gross operating margin -€6,378
down €6,378, from €5,837 to -€541
- Taxes -€4,163
down €4,163 (-91.5%), from €4,552 to €388
- Other operating charges +€1,053
up €1,053 (+130%), from €811 to €1,864
- Depreciation +€491
up €491 (+12.0%), from €4,099 to €4,590
- Financial charges -€224
down €224 (-17.0%), from €1,322 to €1,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,670 | €42,435 | -€11,235 | -20.9% |
| Fixed assets | 21/28 | €18,396 | €18,286 | -€110 | -0.6% |
| Intangible fixed assets | 21 | - | €3,989 | +€3,989 | |
| Tangible fixed assets | 22/27 | €18,396 | €14,297 | -€4,099 | -22.3% |
| Land and buildings | 22 | €1,074 | €636 | -€438 | -40.8% |
| Plant, machinery and equipment | 23 | €17,076 | €13,646 | -€3,431 | -20.1% |
| Furniture and vehicles | 24 | €246 | €16 | -€230 | -93.6% |
| Current assets | 29/58 | €35,274 | €24,149 | -€11,125 | -31.5% |
| Stocks and contracts in progress | 3 | €1,097 | - | -€1,097 | |
| Stocks | 30/36 | €1,097 | - | -€1,097 | |
| Amounts receivable within one year | 40/41 | €19,867 | €22,600 | +€2,733 | +13.8% |
| Trade receivables | 40 | €19,867 | €22,600 | +€2,733 | +13.8% |
| Cash at bank and in hand | 54/58 | €11,784 | €1,194 | -€10,590 | -89.9% |
| Deferred charges and accrued income | 490/1 | €2,526 | €355 | -€2,171 | -85.9% |
| Total equity and liabilities | 10/49 | €53,670 | €42,435 | -€11,235 | -20.9% |
| Equity | 10/15 | €42,929 | €34,456 | -€8,473 | -19.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,429 | €30,956 | -€8,473 | -21.5% |
| Amounts payable | 17/49 | €10,741 | €7,979 | -€2,762 | -25.7% |
| Amounts payable within one year | 42/48 | €10,741 | €7,979 | -€2,762 | -25.7% |
| Financial debts | 43 | €222 | €226 | +€5 | +2.1% |
| Credit institutions | 430/8 | €222 | €226 | +€5 | +2.1% |
| Trade debts | 44 | €518 | €687 | +€169 | +32.6% |
| Suppliers | 440/4 | €518 | €687 | +€169 | +32.6% |
| Taxes, remuneration and social security | 45 | €5,417 | €6,082 | +€665 | +12.3% |
| Taxes | 450/3 | €5,417 | €3,582 | -€1,835 | -33.9% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €4,585 | €984 | -€3,600 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,099 | €4,590 | +€491 | +12.0% |
| Other operating charges | 640/8 | €811 | €1,864 | +€1,053 | +130% |
| Gross operating margin | 9900 | €5,837 | -€541 | -€6,378 | |
| Operating profit (loss) | 9901 | €927 | -€6,995 | -€7,922 | |
| Financial income | 75/76B | €3 | €8 | +€5 | +206% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +206% |
| Financial charges | 65/66B | €1,322 | €1,097 | -€224 | -17.0% |
| Recurring financial charges | 65 | €1,322 | €1,097 | -€224 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€392 | -€8,085 | -€7,692 | -1,961% |
| Income taxes | 67/77 | €4,552 | €388 | -€4,163 | -91.5% |
| Profit (loss) for the period | 9904 | -€4,944 | -€8,473 | -€3,529 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,944 | -€8,473 | -€3,529 | -71.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.