MarLo-g: 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.
MarLo-g
Largest movements
- Cash +€79,683
up €79,683 (+86.4%), from €92,248 to €171,931
mainly Net result for the year (+€70,684) and Depreciation (+€13,585)
- Tangible fixed assets -€13,256
down €13,256 (-27.8%), from €47,756 to €34,500
of which Furniture and vehicles: -€13,053
- Receivables within one year -€8,180
down €8,180 (-44.3%), from €18,480 to €10,301
of which Trade receivables: -€8,427
- Reserves +€70,684
up €70,684 (+57.3%), from €123,298 to €193,982
- Debts after one year -€11,228
down €11,228 (-100%), from €11,228 to €0
- Other debts +€5,739
new in 2025: €5,739
- Current portion of long-term debt -€5,001
down €5,001 (-30.8%), from €16,229 to €11,228
- Tax, wage and social debts -€2,484
down €2,484 (-8.2%), from €30,130 to €27,646
- Gross operating margin +€4,934
up €4,934 (+4.5%), from €108,818 to €113,753
- Taxes +€1,394
up €1,394 (+5.3%), from €26,252 to €27,646
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 | €183,937 | €241,929 | +€57,992 | +31.5% |
| Fixed assets | 21/28 | €47,756 | €34,500 | -€13,256 | -27.8% |
| Tangible fixed assets | 22/27 | €47,756 | €34,500 | -€13,256 | -27.8% |
| Furniture and vehicles | 24 | €45,993 | €32,940 | -€13,053 | -28.4% |
| Other tangible fixed assets | 26 | €1,763 | €1,559 | -€203 | -11.5% |
| Current assets | 29/58 | €136,181 | €207,429 | +€71,248 | +52.3% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Trade receivables | 290 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,480 | €10,301 | -€8,180 | -44.3% |
| Trade receivables | 40 | €18,227 | €9,800 | -€8,427 | -46.2% |
| Other amounts receivable | 41 | €254 | €501 | +€247 | +97.3% |
| Cash at bank and in hand | 54/58 | €92,248 | €171,931 | +€79,683 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,453 | €1,197 | -€255 | -17.6% |
| Total equity and liabilities | 10/49 | €183,937 | €241,929 | +€57,992 | +31.5% |
| Equity | 10/15 | €125,798 | €196,482 | +€70,684 | +56.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €123,298 | €193,982 | +€70,684 | +57.3% |
| Distributable reserves | 133 | €123,298 | €193,982 | +€70,684 | +57.3% |
| Amounts payable | 17/49 | €58,139 | €45,447 | -€12,692 | -21.8% |
| Amounts payable after more than one year | 17 | €11,228 | €0 | -€11,228 | -100% |
| Financial debts | 170/4 | €11,228 | €0 | -€11,228 | -100% |
| Amounts payable within one year | 42/48 | €46,912 | €45,180 | -€1,731 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €16,229 | €11,228 | -€5,001 | -30.8% |
| Trade debts | 44 | €553 | €567 | +€15 | +2.6% |
| Suppliers | 440/4 | €553 | €567 | +€15 | +2.6% |
| Taxes, remuneration and social security | 45 | €30,130 | €27,646 | -€2,484 | -8.2% |
| Taxes | 450/3 | €30,130 | €27,646 | -€2,484 | -8.2% |
| Other amounts payable | 47/48 | - | €5,739 | +€5,739 | |
| Accrued charges and deferred income | 492/3 | - | €267 | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,681 | €13,585 | -€97 | -0.7% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Non-recurring operating charges | 66A | - | €715 | +€715 | |
| Gross operating margin | 9900 | €108,818 | €113,753 | +€4,934 | +4.5% |
| Operating profit (loss) | 9901 | €94,643 | €98,947 | +€4,304 | +4.5% |
| Financial income | 75/76B | €887 | €670 | -€217 | -24.5% |
| Recurring financial income | 75 | €887 | €670 | -€217 | -24.5% |
| Financial charges | 65/66B | €1,689 | €1,286 | -€402 | -23.8% |
| Recurring financial charges | 65 | €1,689 | €1,286 | -€402 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €93,841 | €98,331 | +€4,489 | +4.8% |
| Income taxes | 67/77 | €26,252 | €27,646 | +€1,394 | +5.3% |
| Profit (loss) for the period | 9904 | €67,589 | €70,684 | +€3,095 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,589 | €70,684 | +€3,095 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.