MARLON BAELDE: 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.
MARLON BAELDE
Largest movements
- Tangible fixed assets +€16,831
new in 2025: €16,831
of which Leasing and similar rights: +€14,873
- Cash +€10,296
up €10,296 (+110.4%), from €9,328 to €19,624
mainly Current portion of long-term debt (+€11,756) and Net result for the year (+€10,138)
- Receivables within one year -€3,681
down €3,681 (-10.5%), from €35,101 to €31,420
- Deferred charges and accrued income +€1,009
new in 2025: €1,009
- Current portion of long-term debt +€11,756
new in 2025: €11,756
- Reserves +€10,138
up €10,138 (+35.6%), from €28,494 to €38,632
- Tax, wage and social debts +€2,316
up €2,316 (+18.2%), from €12,722 to €15,038
- Gross operating margin -€24,329
down €24,329 (-60.3%), from €40,320 to €15,991
- Taxes -€7,263
down €7,263 (-66.5%), from €10,926 to €3,664
- Depreciation +€2,786
new in 2025: €2,786
- Financial income +€1,826
up €1,826 (+5161.1%), from €35 to €1,861
- Financial charges +€520
up €520 (+1226.2%), from €42 to €563
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 | €44,429 | €68,884 | +€24,455 | +55.0% |
| Fixed assets | 21/28 | - | €16,831 | +€16,831 | |
| Tangible fixed assets | 22/27 | - | €16,831 | +€16,831 | |
| Leasing and similar rights | 25 | - | €14,873 | +€14,873 | |
| Other tangible fixed assets | 26 | - | €1,005 | +€1,005 | |
| Assets under construction and advance payments | 27 | - | €954 | +€954 | |
| Current assets | 29/58 | €44,429 | €52,053 | +€7,624 | +17.2% |
| Amounts receivable within one year | 40/41 | €35,101 | €31,420 | -€3,681 | -10.5% |
| Other amounts receivable | 41 | €35,101 | €31,420 | -€3,681 | -10.5% |
| Cash at bank and in hand | 54/58 | €9,328 | €19,624 | +€10,296 | +110.4% |
| Deferred charges and accrued income | 490/1 | - | €1,009 | +€1,009 | |
| Total equity and liabilities | 10/49 | €44,429 | €68,884 | +€24,455 | +55.0% |
| Equity | 10/15 | €31,494 | €41,632 | +€10,138 | +32.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,494 | €38,632 | +€10,138 | +35.6% |
| Distributable reserves | 133 | €28,494 | €38,632 | +€10,138 | +35.6% |
| Amounts payable | 17/49 | €12,935 | €27,253 | +€14,317 | +110.7% |
| Amounts payable within one year | 42/48 | €12,935 | €27,253 | +€14,317 | +110.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,756 | +€11,756 | |
| Trade debts | 44 | €213 | €459 | +€245 | +114.9% |
| Suppliers | 440/4 | €213 | €459 | +€245 | +114.9% |
| Taxes, remuneration and social security | 45 | €12,722 | €15,038 | +€2,316 | +18.2% |
| Taxes | 450/3 | €12,722 | €15,038 | +€2,316 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,786 | +€2,786 | |
| Other operating charges | 640/8 | €894 | €702 | -€191 | -21.4% |
| Gross operating margin | 9900 | €40,320 | €15,991 | -€24,329 | -60.3% |
| Operating profit (loss) | 9901 | €39,427 | €12,503 | -€26,924 | -68.3% |
| Financial income | 75/76B | €35 | €1,861 | +€1,826 | +5161.1% |
| Recurring financial income | 75 | €35 | €1,861 | +€1,826 | +5161.1% |
| Financial charges | 65/66B | €42 | €563 | +€520 | +1226.2% |
| Recurring financial charges | 65 | €42 | €563 | +€520 | +1226.2% |
| Profit (loss) for the period before taxes | 9903 | €39,420 | €13,802 | -€25,618 | -65.0% |
| Income taxes | 67/77 | €10,926 | €3,664 | -€7,263 | -66.5% |
| Profit (loss) for the period | 9904 | €28,494 | €10,138 | -€18,356 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,494 | €10,138 | -€18,356 | -64.4% |
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 9 October 2026 via checked.be.