MARLIOT: 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.
MARLIOT
Largest movements
- Cash +€1,913
up €1,913 (+67.6%), from €2,830 to €4,744
mainly Other debts (+€14,150) and Tax, wage and social debts (+€9,631)
- Receivables within one year +€1,802
new in 2025: €1,802
of which Trade receivables: +€1,786
- Stocks and contracts +€1,140
up €1,140 (+54.2%), from €2,104 to €3,244
- Tangible fixed assets -€307
down €307 (-50.0%), from €614 to €307
- Profit (loss) carried forward -€28,330
down €28,330 (-29.7%), from -€95,416 to -€123,746
- Other debts +€14,150
up €14,150 (+19.2%), from €73,848 to €87,998
- Tax, wage and social debts +€9,631
up €9,631 (+355.5%), from €2,709 to €12,341
of which Remuneration and social security: +€6,961
- Current portion of long-term debt +€5,430
new in 2025: €5,430
- Trade debts +€3,666
up €3,666 (+61.1%), from €5,997 to €9,664
- Gross operating margin -€10,758
down €10,758 (-136.9%), from -€7,859 to -€18,617
- Staff costs +€4,751
new in 2025: €4,751
- Financial charges +€3,646
up €3,646 (+1418.8%), from €257 to €3,902
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 | €5,739 | €10,286 | +€4,548 | +79.3% |
| Fixed assets | 21/28 | €804 | €497 | -€307 | -38.2% |
| Tangible fixed assets | 22/27 | €614 | €307 | -€307 | -50.0% |
| Other tangible fixed assets | 26 | €614 | €307 | -€307 | -50.0% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €4,935 | €9,790 | +€4,855 | +98.4% |
| Stocks and contracts in progress | 3 | €2,104 | €3,244 | +€1,140 | +54.2% |
| Stocks | 30/36 | €2,104 | €3,244 | +€1,140 | +54.2% |
| Amounts receivable within one year | 40/41 | - | €1,802 | +€1,802 | |
| Trade receivables | 40 | - | €1,786 | +€1,786 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €2,830 | €4,744 | +€1,913 | +67.6% |
| Total equity and liabilities | 10/49 | €5,739 | €10,286 | +€4,548 | +79.3% |
| Equity | 10/15 | -€76,816 | -€105,146 | -€28,330 | -36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,416 | -€123,746 | -€28,330 | -29.7% |
| Amounts payable | 17/49 | €82,554 | €115,432 | +€32,878 | +39.8% |
| Amounts payable within one year | 42/48 | €82,554 | €115,432 | +€32,878 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,430 | +€5,430 | |
| Trade debts | 44 | €5,997 | €9,664 | +€3,666 | +61.1% |
| Suppliers | 440/4 | €5,997 | €9,664 | +€3,666 | +61.1% |
| Taxes, remuneration and social security | 45 | €2,709 | €12,341 | +€9,631 | +355.5% |
| Taxes | 450/3 | €2,709 | €5,380 | +€2,671 | +98.6% |
| Remuneration and social security | 454/9 | - | €6,961 | +€6,961 | |
| Other amounts payable | 47/48 | €73,848 | €87,998 | +€14,150 | +19.2% |
| Remuneration, social security and pensions | 62 | - | €4,751 | +€4,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307 | €307 | = | 0.0% |
| Other operating charges | 640/8 | €705 | €753 | +€48 | +6.7% |
| Gross operating margin | 9900 | -€7,859 | -€18,617 | -€10,758 | -136.9% |
| Operating profit (loss) | 9901 | -€8,872 | -€24,428 | -€15,556 | -175.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1266.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1266.7% |
| Financial charges | 65/66B | €257 | €3,902 | +€3,646 | +1418.8% |
| Recurring financial charges | 65 | €257 | €3,902 | +€3,646 | +1418.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,129 | -€28,330 | -€19,201 | -210.3% |
| Profit (loss) for the period | 9904 | -€9,129 | -€28,330 | -€19,201 | -210.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,129 | -€28,330 | -€19,201 | -210.3% |
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 4 October 2026 via checked.be.