Marliz: 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.
Marliz
Largest movements
- Receivables within one year -€32,883
down €32,883 (-44.0%), from €74,745 to €41,862
of which Other amounts receivable: -€35,325
- Tangible fixed assets +€26,259
up €26,259 (+152%), from €17,320 to €43,579
of which Furniture and vehicles: +€21,975
- Stocks and contracts -€11,421
down €11,421 (-77.8%), from €14,671 to €3,250
- Cash -€2,637
down €2,637 (-27.2%), from €9,705 to €7,068
mainly Accrued charges and deferred income (-€46,707) and Investment in fixed assets (net) (-€38,127)
- Accrued charges and deferred income -€46,707
down €46,707 (-99.6%), from €46,897 to €189
- Other debts +€15,801
up €15,801 (+359%), from €4,404 to €20,205
- Debts after one year +€14,676
up €14,676 (+349%), from €4,211 to €18,887
- Reserves +€11,934
up €11,934 (+39.9%), from €29,941 to €41,875
- Trade debts -€9,650
down €9,650 (-64.6%), from €14,942 to €5,292
- Financial income +€10,065
up €10,065 (+7,654%), from €132 to €10,197
of which Non-recurring financial income: +€10,108
- Financial charges +€5,032
up €5,032 (+454%), from €1,109 to €6,141
- Depreciation -€4,036
down €4,036 (-25.4%), from €15,904 to €11,868
- Gross operating margin +€1,196
up €1,196 (+5.4%), from €22,118 to €23,314
- Other operating charges +€966
up €966 (+91.5%), from €1,055 to €2,021
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 | €118,881 | €98,197 | -€20,683 | -17.4% |
| Fixed assets | 21/28 | €17,320 | €43,579 | +€26,259 | +152% |
| Tangible fixed assets | 22/27 | €17,320 | €43,579 | +€26,259 | +152% |
| Plant, machinery and equipment | 23 | €2,529 | €6,813 | +€4,284 | +169% |
| Furniture and vehicles | 24 | €14,791 | €36,766 | +€21,975 | +149% |
| Current assets | 29/58 | €101,561 | €54,619 | -€46,942 | -46.2% |
| Stocks and contracts in progress | 3 | €14,671 | €3,250 | -€11,421 | -77.8% |
| Contracts in progress | 37 | €14,671 | €3,250 | -€11,421 | -77.8% |
| Amounts receivable within one year | 40/41 | €74,745 | €41,862 | -€32,883 | -44.0% |
| Trade receivables | 40 | €26,106 | €28,548 | +€2,441 | +9.4% |
| Other amounts receivable | 41 | €48,639 | €13,314 | -€35,325 | -72.6% |
| Cash at bank and in hand | 54/58 | €9,705 | €7,068 | -€2,637 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,440 | €2,440 | = | 0.0% |
| Total equity and liabilities | 10/49 | €118,881 | €98,197 | -€20,683 | -17.4% |
| Equity | 10/15 | €32,941 | €44,875 | +€11,934 | +36.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,941 | €41,875 | +€11,934 | +39.9% |
| Distributable reserves | 133 | €29,941 | €41,875 | +€11,934 | +39.9% |
| Amounts payable | 17/49 | €85,939 | €53,322 | -€32,617 | -38.0% |
| Amounts payable after more than one year | 17 | €4,211 | €18,887 | +€14,676 | +349% |
| Financial debts | 170/4 | €4,211 | €18,887 | +€14,676 | +349% |
| Amounts payable within one year | 42/48 | €34,832 | €34,246 | -€586 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €9,052 | €5,255 | -€3,797 | -41.9% |
| Trade debts | 44 | €14,942 | €5,292 | -€9,650 | -64.6% |
| Suppliers | 440/4 | €14,942 | €5,292 | -€9,650 | -64.6% |
| Taxes, remuneration and social security | 45 | €6,433 | €3,493 | -€2,940 | -45.7% |
| Taxes | 450/3 | €4,486 | €1,547 | -€2,940 | -65.5% |
| Remuneration and social security | 454/9 | €1,946 | €1,946 | = | 0.0% |
| Other amounts payable | 47/48 | €4,404 | €20,205 | +€15,801 | +359% |
| Accrued charges and deferred income | 492/3 | €46,897 | €189 | -€46,707 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,904 | €11,868 | -€4,036 | -25.4% |
| Other operating charges | 640/8 | €1,055 | €2,021 | +€966 | +91.5% |
| Gross operating margin | 9900 | €22,118 | €23,314 | +€1,196 | +5.4% |
| Operating profit (loss) | 9901 | €5,159 | €9,425 | +€4,266 | +82.7% |
| Financial income | 75/76B | €132 | €10,197 | +€10,065 | +7,654% |
| Recurring financial income | 75 | €132 | €89 | -€43 | -32.7% |
| Non-recurring financial income | 76B | - | €10,108 | +€10,108 | |
| Financial charges | 65/66B | €1,109 | €6,141 | +€5,032 | +454% |
| Recurring financial charges | 65 | €1,109 | €6,141 | +€5,032 | +454% |
| Profit (loss) for the period before taxes | 9903 | €4,181 | €13,481 | +€9,299 | +222% |
| Income taxes | 67/77 | €1,215 | €1,547 | +€331 | +27.3% |
| Profit (loss) for the period | 9904 | €2,966 | €11,934 | +€8,968 | +302% |
| Profit (loss) for the period to be appropriated | 9905 | €2,966 | €11,934 | +€8,968 | +302% |
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 13 October 2026 via checked.be.