MARLIN TRADE: 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.
MARLIN TRADE
Largest movements
- Deferred charges and accrued income +€14,605
up €14,605 (+833%), from €1,754 to €16,359
- Tangible fixed assets +€8,301
up €8,301 (+359%), from €2,316 to €10,617
of which Other tangible fixed assets: +€6,885
- Receivables within one year +€3,595
up €3,595 (+34.6%), from €10,399 to €13,995
of which Other amounts receivable: +€6,996
- Financial fixed assets +€1,143
up €1,143 (+27.2%), from €4,200 to €5,343
- Profit (loss) carried forward -€62,018
down €62,018, from €7,885 to -€54,133
- Other debts +€45,177
up €45,177 (+1,519%), from €2,974 to €48,151
- Trade debts +€23,468
up €23,468 (+469%), from €5,007 to €28,475
- Tax, wage and social debts +€21,037
up €21,037 (+1,006%), from €2,091 to €23,127
of which Remuneration and social security: +€19,846
- Staff costs +€31,633
new in 2025: €31,633
- Gross operating margin -€28,819
down €28,819, from €2,582 to -€26,237
- Financial income -€8,466
down €8,466 (-99.6%), from €8,501 to €34
of which Non-recurring financial income: -€8,500
- Taxes -€2,091
down €2,091, from €2,091 to -€0
- Depreciation +€1,817
up €1,817 (+265%), from €684 to €2,501
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 | €20,967 | €48,642 | +€27,676 | +132% |
| Fixed assets | 21/28 | €6,516 | €15,960 | +€9,444 | +145% |
| Tangible fixed assets | 22/27 | €2,316 | €10,617 | +€8,301 | +359% |
| Plant, machinery and equipment | 23 | - | €2,305 | +€2,305 | |
| Furniture and vehicles | 24 | €2,316 | €1,427 | -€889 | -38.4% |
| Other tangible fixed assets | 26 | - | €6,885 | +€6,885 | |
| Financial fixed assets | 28 | €4,200 | €5,343 | +€1,143 | +27.2% |
| Current assets | 29/58 | €14,451 | €32,683 | +€18,231 | +126% |
| Amounts receivable within one year | 40/41 | €10,399 | €13,995 | +€3,595 | +34.6% |
| Trade receivables | 40 | €7,460 | €4,059 | -€3,401 | -45.6% |
| Other amounts receivable | 41 | €2,940 | €9,936 | +€6,996 | +238% |
| Cash at bank and in hand | 54/58 | €2,298 | €2,329 | +€31 | +1.4% |
| Deferred charges and accrued income | 490/1 | €1,754 | €16,359 | +€14,605 | +833% |
| Total equity and liabilities | 10/49 | €20,967 | €48,642 | +€27,676 | +132% |
| Equity | 10/15 | €10,885 | -€51,133 | -€62,018 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,885 | -€54,133 | -€62,018 | |
| Amounts payable | 17/49 | €10,082 | €99,776 | +€89,694 | +890% |
| Amounts payable within one year | 42/48 | €10,072 | €99,753 | +€89,682 | +890% |
| Trade debts | 44 | €5,007 | €28,475 | +€23,468 | +469% |
| Suppliers | 440/4 | €5,007 | €28,475 | +€23,468 | +469% |
| Taxes, remuneration and social security | 45 | €2,091 | €23,127 | +€21,037 | +1,006% |
| Taxes | 450/3 | €2,091 | €3,281 | +€1,190 | +56.9% |
| Remuneration and social security | 454/9 | - | €19,846 | +€19,846 | |
| Other amounts payable | 47/48 | €2,974 | €48,151 | +€45,177 | +1,519% |
| Accrued charges and deferred income | 492/3 | €10 | €22 | +€12 | +123% |
| Remuneration, social security and pensions | 62 | - | €31,633 | +€31,633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €2,501 | +€1,817 | +265% |
| Other operating charges | 640/8 | €387 | €414 | +€27 | +6.9% |
| Non-recurring operating charges | 66A | - | €683 | +€683 | |
| Gross operating margin | 9900 | €2,582 | -€26,237 | -€28,819 | |
| Operating profit (loss) | 9901 | €1,510 | -€61,469 | -€62,979 | |
| Financial income | 75/76B | €8,501 | €34 | -€8,466 | -99.6% |
| Recurring financial income | 75 | €1 | €34 | +€34 | +4,793% |
| Non-recurring financial income | 76B | €8,500 | - | -€8,500 | |
| Financial charges | 65/66B | €35 | €584 | +€548 | +1,555% |
| Recurring financial charges | 65 | €35 | €584 | +€548 | +1,555% |
| Profit (loss) for the period before taxes | 9903 | €9,976 | -€62,018 | -€71,994 | |
| Income taxes | 67/77 | €2,091 | -€0 | -€2,091 | |
| Profit (loss) for the period | 9904 | €7,885 | -€62,018 | -€69,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,885 | -€62,018 | -€69,903 |
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 23 October 2026 via checked.be.