MARLIKO: 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.
MARLIKO
Largest movements
- Financial fixed assets +€84,194
up €84,194 (+35.4%), from €237,720 to €321,914
- Cash +€16,992
up €16,992 (+306%), from €5,557 to €22,549
mainly Net result for the year (+€45,338) and Current portion of long-term debt (+€25,000)
- Reserves +€45,338
up €45,338 (+76.8%), from €58,997 to €104,335
- Current portion of long-term debt +€25,000
new in 2025: €25,000
- Debts after one year +€22,425
up €22,425 (+13.5%), from €165,758 to €188,183
- Tax, wage and social debts +€9,134
up €9,134 (+33.4%), from €27,347 to €36,481
of which Taxes: +€10,134
- Trade debts -€8,921
down €8,921 (-76.3%), from €11,698 to €2,776
- Gross operating margin +€5,885
up €5,885 (+9.2%), from €63,688 to €69,573
- Taxes +€2,315
up €2,315 (+16.0%), from €14,435 to €16,750
- Financial charges -€1,591
down €1,591 (-22.2%), from €7,155 to €5,564
- Depreciation +€841
up €841 (+66.7%), from €1,261 to €2,102
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 | €273,299 | €371,956 | +€98,657 | +36.1% |
| Fixed assets | 21/28 | €243,488 | €325,581 | +€82,093 | +33.7% |
| Tangible fixed assets | 22/27 | €5,768 | €3,666 | -€2,102 | -36.4% |
| Plant, machinery and equipment | 23 | €1,997 | €1,221 | -€776 | -38.9% |
| Furniture and vehicles | 24 | €3,771 | €2,445 | -€1,326 | -35.2% |
| Financial fixed assets | 28 | €237,720 | €321,914 | +€84,194 | +35.4% |
| Current assets | 29/58 | €29,812 | €46,376 | +€16,564 | +55.6% |
| Amounts receivable within one year | 40/41 | €24,254 | €23,827 | -€427 | -1.8% |
| Trade receivables | 40 | €24,251 | €23,821 | -€430 | -1.8% |
| Other amounts receivable | 41 | €3 | €6 | +€3 | +87.5% |
| Cash at bank and in hand | 54/58 | €5,557 | €22,549 | +€16,992 | +306% |
| Total equity and liabilities | 10/49 | €273,299 | €371,956 | +€98,657 | +36.1% |
| Equity | 10/15 | €61,997 | €107,335 | +€45,338 | +73.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,997 | €104,335 | +€45,338 | +76.8% |
| Distributable reserves | 133 | €58,997 | €104,335 | +€45,338 | +76.8% |
| Amounts payable | 17/49 | €211,302 | €264,621 | +€53,319 | +25.2% |
| Amounts payable after more than one year | 17 | €165,758 | €188,183 | +€22,425 | +13.5% |
| Financial debts | 170/4 | €165,758 | €188,183 | +€22,425 | +13.5% |
| Amounts payable within one year | 42/48 | €44,045 | €75,126 | +€31,081 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | - | €25,000 | +€25,000 | |
| Financial debts | 43 | - | €5,868 | +€5,868 | |
| Credit institutions | 430/8 | - | €5,868 | +€5,868 | |
| Trade debts | 44 | €11,698 | €2,776 | -€8,921 | -76.3% |
| Suppliers | 440/4 | €11,698 | €2,776 | -€8,921 | -76.3% |
| Taxes, remuneration and social security | 45 | €27,347 | €36,481 | +€9,134 | +33.4% |
| Taxes | 450/3 | €26,347 | €36,481 | +€10,134 | +38.5% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,313 | -€188 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,261 | €2,102 | +€841 | +66.7% |
| Other operating charges | 640/8 | €864 | €528 | -€337 | -38.9% |
| Gross operating margin | 9900 | €63,688 | €69,573 | +€5,885 | +9.2% |
| Operating profit (loss) | 9901 | €61,563 | €66,944 | +€5,381 | +8.7% |
| Financial income | 75/76B | €277 | €708 | +€431 | +156% |
| Recurring financial income | 75 | €277 | €708 | +€431 | +156% |
| Financial charges | 65/66B | €7,155 | €5,564 | -€1,591 | -22.2% |
| Recurring financial charges | 65 | €7,155 | €5,564 | -€1,591 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €54,685 | €62,088 | +€7,404 | +13.5% |
| Income taxes | 67/77 | €14,435 | €16,750 | +€2,315 | +16.0% |
| Profit (loss) for the period | 9904 | €40,250 | €45,338 | +€5,088 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,250 | €45,338 | +€5,088 | +12.6% |
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 16 October 2026 via checked.be.