MARLOT ADVICE: 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.
MARLOT ADVICE
Largest movements
- Tangible fixed assets -€11,678
down €11,678 (-17.9%), from €65,353 to €53,675
of which Furniture and vehicles: -€8,877
- Receivables within one year -€3,707
down €3,707 (-12.0%), from €30,775 to €27,068
of which Trade receivables: -€3,736
- Debts after one year -€17,211
down €17,211 (-39.3%), from €43,811 to €26,601
- Profit (loss) carried forward +€6,977
up €6,977 (+19.4%), from €35,968 to €42,944
- Trade debts -€6,521
down €6,521 (-22.5%), from €28,921 to €22,400
- Tax, wage and social debts +€3,711
up €3,711 (+74.8%), from €4,962 to €8,673
- Advances received -€2,382
no longer reported in 2025 (was €2,382)
- Gross operating margin +€10,932
up €10,932 (+43.8%), from €24,987 to €35,919
- Depreciation +€2,377
up €2,377 (+14.9%), from €15,918 to €18,296
- Taxes +€2,161
up €2,161 (+411%), from €526 to €2,687
- Other operating charges -€978
down €978 (-35.6%), from €2,747 to €1,769
- Financial charges -€952
down €952 (-12.9%), from €7,398 to €6,446
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 | €134,146 | €120,364 | -€13,781 | -10.3% |
| Fixed assets | 21/28 | €67,038 | €55,460 | -€11,578 | -17.3% |
| Tangible fixed assets | 22/27 | €65,353 | €53,675 | -€11,678 | -17.9% |
| Land and buildings | 22 | €36,116 | €33,315 | -€2,801 | -7.8% |
| Furniture and vehicles | 24 | €29,238 | €20,361 | -€8,877 | -30.4% |
| Financial fixed assets | 28 | €1,685 | €1,785 | +€100 | +5.9% |
| Current assets | 29/58 | €67,108 | €64,904 | -€2,204 | -3.3% |
| Stocks and contracts in progress | 3 | €29,821 | €30,628 | +€806 | +2.7% |
| Stocks | 30/36 | €29,821 | €30,628 | +€806 | +2.7% |
| Amounts receivable within one year | 40/41 | €30,775 | €27,068 | -€3,707 | -12.0% |
| Trade receivables | 40 | €25,773 | €22,038 | -€3,736 | -14.5% |
| Other amounts receivable | 41 | €5,002 | €5,030 | +€28 | +0.6% |
| Cash at bank and in hand | 54/58 | €2,656 | €2,706 | +€50 | +1.9% |
| Deferred charges and accrued income | 490/1 | €3,855 | €4,502 | +€647 | +16.8% |
| Total equity and liabilities | 10/49 | €134,146 | €120,364 | -€13,781 | -10.3% |
| Equity | 10/15 | €38,468 | €45,444 | +€6,977 | +18.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,968 | €42,944 | +€6,977 | +19.4% |
| Amounts payable | 17/49 | €95,678 | €74,920 | -€20,758 | -21.7% |
| Amounts payable after more than one year | 17 | €43,811 | €26,601 | -€17,211 | -39.3% |
| Financial debts | 170/4 | €43,811 | €26,601 | -€17,211 | -39.3% |
| Amounts payable within one year | 42/48 | €51,867 | €48,319 | -€3,548 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €15,601 | €16,749 | +€1,148 | +7.4% |
| Trade debts | 44 | €28,921 | €22,400 | -€6,521 | -22.5% |
| Suppliers | 440/4 | €28,921 | €22,400 | -€6,521 | -22.5% |
| Advances received on contracts in progress | 46 | €2,382 | - | -€2,382 | |
| Taxes, remuneration and social security | 45 | €4,962 | €8,673 | +€3,711 | +74.8% |
| Taxes | 450/3 | €4,962 | €8,673 | +€3,711 | +74.8% |
| Other amounts payable | 47/48 | - | €496 | +€496 | |
| Non-recurring operating income | 76A | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,918 | €18,296 | +€2,377 | +14.9% |
| Other operating charges | 640/8 | €2,747 | €1,769 | -€978 | -35.6% |
| Gross operating margin | 9900 | €24,987 | €35,919 | +€10,932 | +43.8% |
| Operating profit (loss) | 9901 | €6,321 | €15,855 | +€9,533 | +151% |
| Financial income | 75/76B | €1,078 | €255 | -€823 | -76.3% |
| Recurring financial income | 75 | €1,078 | €255 | -€823 | -76.3% |
| Financial charges | 65/66B | €7,398 | €6,446 | -€952 | -12.9% |
| Recurring financial charges | 65 | €7,398 | €6,446 | -€952 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €2 | €9,664 | +€9,662 | +635,664% |
| Income taxes | 67/77 | €526 | €2,687 | +€2,161 | +411% |
| Profit (loss) for the period | 9904 | -€524 | €6,977 | +€7,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€524 | €6,977 | +€7,501 |
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 23 October 2026 via checked.be.