MARLOeNCO: 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.
MARLOeNCO
Largest movements
- Cash +€9,949
up €9,949 (+343.3%), from €2,898 to €12,847
mainly Depreciation (+€6,568) and Net result for the year (+€5,711)
- Tangible fixed assets -€6,568
down €6,568 (-16.2%), from €40,468 to €33,901
of which Plant, machinery and equipment: -€4,661
- Deferred charges and accrued income +€1,553
up €1,553 (+214.4%), from €724 to €2,277
- Receivables within one year +€1,265
up €1,265 (+462.3%), from €274 to €1,538
of which Other amounts receivable: +€1,067
- Profit (loss) carried forward +€5,711
up €5,711 (+36.3%), from €15,739 to €21,449
- Trade debts +€566
up €566 (+36.5%), from €1,548 to €2,114
- Gross operating margin +€2,587
up €2,587 (+22.4%), from €11,537 to €14,124
- Taxes -€1,061
down €1,061 (-56.6%), from €1,874 to €814
- Write-downs -€323
down €323 (-100.0%), from €323 to €0
- Depreciation +€268
up €268 (+4.2%), from €6,300 to €6,568
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 | €45,364 | €51,563 | +€6,199 | +13.7% |
| Fixed assets | 21/28 | €41,468 | €34,901 | -€6,568 | -15.8% |
| Tangible fixed assets | 22/27 | €40,468 | €33,901 | -€6,568 | -16.2% |
| Plant, machinery and equipment | 23 | €38,562 | €33,901 | -€4,661 | -12.1% |
| Furniture and vehicles | 24 | €1,907 | €0 | -€1,907 | -100.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €3,896 | €16,662 | +€12,766 | +327.7% |
| Amounts receivable within one year | 40/41 | €274 | €1,538 | +€1,265 | +462.3% |
| Trade receivables | 40 | €212 | €409 | +€198 | +93.3% |
| Other amounts receivable | 41 | €62 | €1,129 | +€1,067 | +1725.1% |
| Cash at bank and in hand | 54/58 | €2,898 | €12,847 | +€9,949 | +343.3% |
| Deferred charges and accrued income | 490/1 | €724 | €2,277 | +€1,553 | +214.4% |
| Total equity and liabilities | 10/49 | €45,364 | €51,563 | +€6,199 | +13.7% |
| Equity | 10/15 | €41,739 | €47,449 | +€5,711 | +13.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,739 | €21,449 | +€5,711 | +36.3% |
| Amounts payable | 17/49 | €3,625 | €4,114 | +€488 | +13.5% |
| Amounts payable within one year | 42/48 | €3,625 | €4,114 | +€488 | +13.5% |
| Trade debts | 44 | €1,548 | €2,114 | +€566 | +36.5% |
| Suppliers | 440/4 | €1,548 | €2,114 | +€566 | +36.5% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €77 | €0 | -€77 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,300 | €6,568 | +€268 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €323 | €0 | -€323 | -100.0% |
| Other operating charges | 640/8 | €741 | €763 | +€22 | +3.0% |
| Gross operating margin | 9900 | €11,537 | €14,124 | +€2,587 | +22.4% |
| Operating profit (loss) | 9901 | €4,174 | €6,794 | +€2,620 | +62.8% |
| Financial income | 75/76B | €1 | €5 | +€4 | +694.7% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +694.7% |
| Financial charges | 65/66B | €330 | €274 | -€56 | -17.0% |
| Recurring financial charges | 65 | €330 | €274 | -€56 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €3,845 | €6,524 | +€2,679 | +69.7% |
| Income taxes | 67/77 | €1,874 | €814 | -€1,061 | -56.6% |
| Profit (loss) for the period | 9904 | €1,970 | €5,711 | +€3,740 | +189.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,970 | €5,711 | +€3,740 | +189.8% |
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 2 October 2026 via checked.be.