MARLUK: 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.
MARLUK
Largest movements
- Cash +€38,052
up €38,052 (+909.3%), from €4,185 to €42,237
mainly Depreciation (+€49,159) and Net result for the year (+€48,390)
- Receivables within one year +€31,910
up €31,910 (+34.8%), from €91,722 to €123,633
of which Trade receivables: +€31,910
- Tangible fixed assets -€31,907
down €31,907 (-5.5%), from €582,113 to €550,206
of which Land and buildings: -€26,176
- Profit (loss) carried forward +€48,390
up €48,390 (+55.0%), from -€87,917 to -€39,527
- Tax, wage and social debts +€12,386
up €12,386 (+358.8%), from €3,452 to €15,838
of which Taxes: +€9,140
- Debts after one year -€11,305
down €11,305 (-2.2%), from €514,072 to €502,767
- Other debts -€8,513
down €8,513 (-7.0%), from €122,314 to €113,801
- Gross operating margin +€109,542
up €109,542 (+106.7%), from €102,703 to €212,245
- Financial charges +€21,552
up €21,552 (+68.8%), from €31,302 to €52,854
- Staff costs -€4,846
down €4,846 (-9.3%), from €52,173 to €47,327
- Depreciation -€4,527
down €4,527 (-8.4%), from €53,687 to €49,159
- Other operating charges +€2,272
up €2,272 (+18.8%), from €12,109 to €14,381
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 | €680,455 | €718,115 | +€37,661 | +5.5% |
| Fixed assets | 21/28 | €582,613 | €550,706 | -€31,907 | -5.5% |
| Tangible fixed assets | 22/27 | €582,113 | €550,206 | -€31,907 | -5.5% |
| Land and buildings | 22 | €540,425 | €514,249 | -€26,176 | -4.8% |
| Plant, machinery and equipment | 23 | €21,061 | €30,511 | +€9,450 | +44.9% |
| Furniture and vehicles | 24 | €20,627 | €5,445 | -€15,182 | -73.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €97,842 | €167,410 | +€69,568 | +71.1% |
| Amounts receivable within one year | 40/41 | €91,722 | €123,633 | +€31,910 | +34.8% |
| Trade receivables | 40 | €91,361 | €123,271 | +€31,910 | +34.9% |
| Other amounts receivable | 41 | €362 | €362 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,185 | €42,237 | +€38,052 | +909.3% |
| Deferred charges and accrued income | 490/1 | €1,935 | €1,540 | -€395 | -20.4% |
| Total equity and liabilities | 10/49 | €680,455 | €718,115 | +€37,661 | +5.5% |
| Equity | 10/15 | €4,766 | €53,156 | +€48,390 | +1015.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,083 | €74,083 | = | 0.0% |
| Distributable reserves | 133 | €74,083 | €74,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,917 | -€39,527 | +€48,390 | +55.0% |
| Amounts payable | 17/49 | €675,689 | €664,960 | -€10,729 | -1.6% |
| Amounts payable after more than one year | 17 | €514,072 | €502,767 | -€11,305 | -2.2% |
| Financial debts | 170/4 | €514,072 | €502,767 | -€11,305 | -2.2% |
| Amounts payable within one year | 42/48 | €161,617 | €162,193 | +€576 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €10,324 | €11,305 | +€981 | +9.5% |
| Trade debts | 44 | €25,527 | €21,249 | -€4,278 | -16.8% |
| Suppliers | 440/4 | €25,527 | €21,249 | -€4,278 | -16.8% |
| Taxes, remuneration and social security | 45 | €3,452 | €15,838 | +€12,386 | +358.8% |
| Taxes | 450/3 | €876 | €10,016 | +€9,140 | +1043.7% |
| Remuneration and social security | 454/9 | €2,577 | €5,822 | +€3,246 | +126.0% |
| Other amounts payable | 47/48 | €122,314 | €113,801 | -€8,513 | -7.0% |
| Non-recurring operating income | 76A | €22,936 | €39,487 | +€16,551 | +72.2% |
| Remuneration, social security and pensions | 62 | €52,173 | €47,327 | -€4,846 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,687 | €49,159 | -€4,527 | -8.4% |
| Other operating charges | 640/8 | €12,109 | €14,381 | +€2,272 | +18.8% |
| Gross operating margin | 9900 | €102,703 | €212,245 | +€109,542 | +106.7% |
| Operating profit (loss) | 9901 | -€15,266 | €101,377 | +€116,643 | |
| Financial income | 75/76B | €893 | €7 | -€886 | -99.3% |
| Recurring financial income | 75 | €893 | €7 | -€886 | -99.3% |
| Financial charges | 65/66B | €31,302 | €52,854 | +€21,552 | +68.8% |
| Recurring financial charges | 65 | €31,302 | €52,854 | +€21,552 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,676 | €48,529 | +€94,205 | |
| Income taxes | 67/77 | €116 | €140 | +€24 | +20.7% |
| Profit (loss) for the period | 9904 | -€45,792 | €48,390 | +€94,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,792 | €48,390 | +€94,181 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.