MARLOW: 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.
MARLOW
Largest movements
- Tangible fixed assets +€121,070
up €121,070 (+43.8%), from €276,705 to €397,775
of which Land and buildings: +€121,866
- Cash -€8,064
down €8,064 (-65.4%), from €12,322 to €4,259
mainly Other debts (-€147,044) and Investment in fixed assets (net) (-€134,824)
- Debts after one year +€251,369
up €251,369 (+182.7%), from €137,619 to €388,988
of which Financial debts: +€191,574
- Other debts -€147,044
down €147,044 (-100.0%), from €147,044 to €0
- Profit (loss) carried forward -€8,844
down €8,844 (-43.4%), from -€20,399 to -€29,243
- Trade debts +€8,680
up €8,680 (+39.3%), from €22,095 to €30,776
- Gross operating margin +€11,078
up €11,078 (+155.1%), from €7,142 to €18,220
- Financial charges +€1,644
up €1,644 (+17.4%), from €9,448 to €11,092
- Depreciation -€1,297
down €1,297 (-8.0%), from €16,277 to €14,980
- Other operating charges -€828
down €828 (-45.5%), from €1,820 to €992
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 | €298,092 | €408,376 | +€110,284 | +37.0% |
| Formation expenses | 20 | €2,174 | €948 | -€1,226 | -56.4% |
| Fixed assets | 21/28 | €276,705 | €397,775 | +€121,070 | +43.8% |
| Tangible fixed assets | 22/27 | €276,705 | €397,775 | +€121,070 | +43.8% |
| Land and buildings | 22 | €273,493 | €395,358 | +€121,866 | +44.6% |
| Plant, machinery and equipment | 23 | €3,213 | €2,417 | -€796 | -24.8% |
| Current assets | 29/58 | €19,213 | €9,653 | -€9,560 | -49.8% |
| Amounts receivable within one year | 40/41 | €6,617 | €5,110 | -€1,506 | -22.8% |
| Trade receivables | 40 | €6 | €5,110 | +€5,104 | +85073.3% |
| Other amounts receivable | 41 | €6,611 | €0 | -€6,611 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,322 | €4,259 | -€8,064 | -65.4% |
| Deferred charges and accrued income | 490/1 | €274 | €284 | +€10 | +3.5% |
| Total equity and liabilities | 10/49 | €298,092 | €408,376 | +€110,284 | +37.0% |
| Equity | 10/15 | -€20,399 | -€29,242 | -€8,843 | -43.3% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | -€20,399 | -€29,243 | -€8,844 | -43.4% |
| Amounts payable | 17/49 | €318,491 | €437,618 | +€119,127 | +37.4% |
| Amounts payable after more than one year | 17 | €137,619 | €388,988 | +€251,369 | +182.7% |
| Financial debts | 170/4 | €137,619 | €329,193 | +€191,574 | +139.2% |
| Other amounts payable | 178/9 | - | €59,795 | +€59,795 | |
| Amounts payable within one year | 42/48 | €177,344 | €41,639 | -€135,706 | -76.5% |
| Current portion of amounts payable after more than one year | 42 | €8,206 | €8,518 | +€312 | +3.8% |
| Trade debts | 44 | €22,095 | €30,776 | +€8,680 | +39.3% |
| Suppliers | 440/4 | €22,095 | €30,776 | +€8,680 | +39.3% |
| Taxes, remuneration and social security | 45 | - | €2,345 | +€2,345 | |
| Taxes | 450/3 | - | €2,345 | +€2,345 | |
| Other amounts payable | 47/48 | €147,044 | €0 | -€147,044 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,528 | €6,992 | +€3,463 | +98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,277 | €14,980 | -€1,297 | -8.0% |
| Other operating charges | 640/8 | €1,820 | €992 | -€828 | -45.5% |
| Gross operating margin | 9900 | €7,142 | €18,220 | +€11,078 | +155.1% |
| Operating profit (loss) | 9901 | -€10,955 | €2,248 | +€13,203 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €9,448 | €11,092 | +€1,644 | +17.4% |
| Recurring financial charges | 65 | €9,448 | €11,092 | +€1,644 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,399 | -€8,844 | +€11,555 | +56.6% |
| Profit (loss) for the period | 9904 | -€20,399 | -€8,844 | +€11,555 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,399 | -€8,844 | +€11,555 | +56.6% |
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 30 September 2026 via checked.be.