Marlier: what changed
Two fiscal 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.
Marlier
Largest movements
- Cash +€5,754
up €5,754 (+32.4%), from €17,767 to €23,521
mainly Net result for the year (+€60,254) and Trade debts (+€3,173)
- Reserves +€230,000
new in 2025: €230,000
- Profit (loss) carried forward -€183,863
down €183,863 (-99.9%), from €183,956 to €92
- Debts after one year -€47,839
down €47,839 (-44.3%), from €107,999 to €60,160
- Gross operating margin +€11,982
up €11,982 (+16.2%), from €73,905 to €85,887
- Taxes +€2,343
up €2,343 (+12.6%), from €18,577 to €20,920
- Other operating charges -€1,197
down €1,197 (-65.2%), from €1,835 to €638
- Financial charges -€980
down €980 (-22.6%), from €4,341 to €3,360
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 | €382,271 | €384,584 | +€2,313 | +0.6% |
| Fixed assets | 21/28 | €361,749 | €361,035 | -€714 | -0.2% |
| Tangible fixed assets | 22/27 | €1,706 | €992 | -€714 | -41.8% |
| Plant, machinery and equipment | 23 | €1,294 | €869 | -€425 | -32.9% |
| Furniture and vehicles | 24 | €412 | €124 | -€289 | -70.1% |
| Financial fixed assets | 28 | €360,043 | €360,043 | = | 0.0% |
| Current assets | 29/58 | €20,521 | €23,548 | +€3,027 | +14.7% |
| Amounts receivable within one year | 40/41 | €2,633 | €28 | -€2,606 | -98.9% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | €1,423 | €28 | -€1,396 | -98.1% |
| Cash at bank and in hand | 54/58 | €17,767 | €23,521 | +€5,754 | +32.4% |
| Deferred charges and accrued income | 490/1 | €121 | - | -€121 | |
| Total equity and liabilities | 10/49 | €382,271 | €384,584 | +€2,313 | +0.6% |
| Equity | 10/15 | €185,956 | €232,092 | +€46,137 | +24.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €230,000 | +€230,000 | |
| Distributable reserves | 133 | - | €230,000 | +€230,000 | |
| Profit (loss) carried forward | 14 | €183,956 | €92 | -€183,863 | -99.9% |
| Amounts payable | 17/49 | €196,315 | €152,492 | -€43,824 | -22.3% |
| Amounts payable after more than one year | 17 | €107,999 | €60,160 | -€47,839 | -44.3% |
| Financial debts | 170/4 | €107,999 | €60,160 | -€47,839 | -44.3% |
| Amounts payable within one year | 42/48 | €88,316 | €92,332 | +€4,015 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €47,205 | €47,839 | +€634 | +1.3% |
| Financial debts | 43 | €6,814 | €6,793 | -€22 | -0.3% |
| Credit institutions | 430/8 | €6,814 | €6,793 | -€22 | -0.3% |
| Trade debts | 44 | €147 | €3,319 | +€3,173 | +2164.3% |
| Suppliers | 440/4 | €147 | €3,319 | +€3,173 | +2164.3% |
| Taxes, remuneration and social security | 45 | €10,246 | €9,869 | -€377 | -3.7% |
| Taxes | 450/3 | €10,246 | €8,069 | -€2,177 | -21.2% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €23,905 | €24,512 | +€607 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714 | €714 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,835 | €638 | -€1,197 | -65.2% |
| Gross operating margin | 9900 | €73,905 | €85,887 | +€11,982 | +16.2% |
| Operating profit (loss) | 9901 | €71,356 | €84,535 | +€13,179 | +18.5% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €4,341 | €3,360 | -€980 | -22.6% |
| Recurring financial charges | 65 | €4,341 | €3,360 | -€980 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €67,078 | €81,174 | +€14,096 | +21.0% |
| Income taxes | 67/77 | €18,577 | €20,920 | +€2,343 | +12.6% |
| Profit (loss) for the period | 9904 | €48,502 | €60,254 | +€11,753 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,502 | €60,254 | +€11,753 | +24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.