Marlomax: 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.
Marlomax
Largest movements
- Deferred charges and accrued income +€139,707
up €139,707 (+190%), from €73,669 to €213,376
- Cash +€133,306
up €133,306 (+239%), from €55,883 to €189,189
mainly Net result for the year (+€324,860) and Tax, wage and social debts (+€62,844)
- Current investments +€87,002
up €87,002 (+124%), from €70,000 to €157,002
- Reserves +€304,963
up €304,963 (+217%), from €140,526 to €445,489
- Tax, wage and social debts +€62,844
up €62,844 (+579%), from €10,853 to €73,697
- Current portion of long-term debt -€7,927
down €7,927 (-100%), from €7,927 to €0
- Gross operating margin +€402,683
up €402,683 (+499%), from €80,643 to €483,326
- Taxes +€129,263
up €129,263 (+629%), from €20,543 to €149,806
- Depreciation -€9,102
down €9,102 (-100%), from €9,102 to €0
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 | €199,970 | €560,668 | +€360,698 | +180% |
| Fixed assets | 21/28 | €0 | €1,100 | +€1,100 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €1,100 | +€1,100 | |
| Current assets | 29/58 | €199,970 | €559,568 | +€359,598 | +180% |
| Amounts receivable within one year | 40/41 | €418 | €0 | -€418 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €418 | €0 | -€418 | -100% |
| Current investments | 50/53 | €70,000 | €157,002 | +€87,002 | +124% |
| Cash at bank and in hand | 54/58 | €55,883 | €189,189 | +€133,306 | +239% |
| Deferred charges and accrued income | 490/1 | €73,669 | €213,376 | +€139,707 | +190% |
| Total equity and liabilities | 10/49 | €199,970 | €560,668 | +€360,698 | +180% |
| Equity | 10/15 | €159,126 | €464,089 | +€304,963 | +192% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,526 | €445,489 | +€304,963 | +217% |
| Distributable reserves | 133 | €140,526 | €445,489 | +€304,963 | +217% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,844 | €96,578 | +€55,735 | +136% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,844 | €96,578 | +€55,735 | +136% |
| Current portion of amounts payable after more than one year | 42 | €7,927 | €0 | -€7,927 | -100% |
| Trade debts | 44 | €2,024 | €302 | -€1,722 | -85.1% |
| Suppliers | 440/4 | €2,024 | €302 | -€1,722 | -85.1% |
| Taxes, remuneration and social security | 45 | €10,853 | €73,697 | +€62,844 | +579% |
| Taxes | 450/3 | €10,853 | €73,697 | +€62,844 | +579% |
| Other amounts payable | 47/48 | €20,040 | €22,580 | +€2,540 | +12.7% |
| Remuneration, social security and pensions | 62 | €2,931 | €7,395 | +€4,463 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,102 | €0 | -€9,102 | -100% |
| Other operating charges | 640/8 | €1,450 | €1,897 | +€447 | +30.8% |
| Gross operating margin | 9900 | €80,643 | €483,326 | +€402,683 | +499% |
| Operating profit (loss) | 9901 | €67,159 | €474,034 | +€406,875 | +606% |
| Financial income | 75/76B | €0 | €786 | +€786 | |
| Recurring financial income | 75 | €0 | €786 | +€786 | |
| Financial charges | 65/66B | €443 | €154 | -€288 | -65.1% |
| Recurring financial charges | 65 | €443 | €154 | -€288 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €66,717 | €474,666 | +€407,949 | +611% |
| Income taxes | 67/77 | €20,543 | €149,806 | +€129,263 | +629% |
| Profit (loss) for the period | 9904 | €46,174 | €324,860 | +€278,686 | +604% |
| Profit (loss) for the period to be appropriated | 9905 | €46,174 | €324,860 | +€278,686 | +604% |
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 21 October 2026 via checked.be.