MARLUS: 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.
MARLUS
Largest movements
- Receivables within one year +€9,661
up €9,661 (+9.7%), from €99,900 to €109,560
of which Other amounts receivable: +€12,210
- Deferred charges and accrued income +€8,558
up €8,558 (+8088.4%), from €106 to €8,664
- Cash +€3,222
up €3,222 (+24.8%), from €13,000 to €16,223
mainly Net result for the year (+€18,401) and Trade debts (+€8,556)
- Reserves +€18,401
up €18,401 (+21.8%), from €84,457 to €102,858
of which Distributable reserves: +€18,401
- Trade debts +€8,556
up €8,556 (+76.4%), from €11,201 to €19,757
- Advances received -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Financial income +€662
up €662 (+12.1%), from €5,480 to €6,142
- Gross operating margin +€441
up €441 (+1.6%), from €27,312 to €27,753
- Taxes +€431
up €431 (+5.3%), from €8,166 to €8,597
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 | €242,483 | €263,924 | +€21,441 | +8.8% |
| Fixed assets | 21/28 | €129,477 | €129,477 | = | 0.0% |
| Tangible fixed assets | 22/27 | €129,477 | €129,477 | = | 0.0% |
| Land and buildings | 22 | €129,477 | €129,477 | = | 0.0% |
| Current assets | 29/58 | €113,006 | €134,447 | +€21,441 | +19.0% |
| Amounts receivable within one year | 40/41 | €99,900 | €109,560 | +€9,661 | +9.7% |
| Trade receivables | 40 | €3,049 | €500 | -€2,549 | -83.6% |
| Other amounts receivable | 41 | €96,851 | €109,060 | +€12,210 | +12.6% |
| Cash at bank and in hand | 54/58 | €13,000 | €16,223 | +€3,222 | +24.8% |
| Deferred charges and accrued income | 490/1 | €106 | €8,664 | +€8,558 | +8088.4% |
| Total equity and liabilities | 10/49 | €242,483 | €263,924 | +€21,441 | +8.8% |
| Equity | 10/15 | €222,169 | €240,570 | +€18,401 | +8.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €84,457 | €102,858 | +€18,401 | +21.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €74,457 | €92,858 | +€18,401 | +24.7% |
| Profit (loss) carried forward | 14 | €37,711 | €37,711 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,560 | €0 | -€1,560 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,560 | €0 | -€1,560 | -100.0% |
| Other liabilities and charges | 164/5 | €1,560 | €0 | -€1,560 | -100.0% |
| Amounts payable | 17/49 | €18,754 | €23,354 | +€4,600 | +24.5% |
| Amounts payable within one year | 42/48 | €18,367 | €23,354 | +€4,987 | +27.2% |
| Trade debts | 44 | €11,201 | €19,757 | +€8,556 | +76.4% |
| Suppliers | 440/4 | €11,201 | €19,757 | +€8,556 | +76.4% |
| Advances received on contracts in progress | 46 | €4,000 | €0 | -€4,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,166 | €3,597 | +€431 | +13.6% |
| Taxes | 450/3 | €3,166 | €3,597 | +€431 | +13.6% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,560 | -€1,560 | = | 0.0% |
| Other operating charges | 640/8 | €8,562 | €8,422 | -€140 | -1.6% |
| Gross operating margin | 9900 | €27,312 | €27,753 | +€441 | +1.6% |
| Operating profit (loss) | 9901 | €20,310 | €20,891 | +€581 | +2.9% |
| Financial income | 75/76B | €5,480 | €6,142 | +€662 | +12.1% |
| Recurring financial income | 75 | €5,480 | €6,142 | +€662 | +12.1% |
| Financial charges | 65/66B | €126 | €34 | -€92 | -72.9% |
| Recurring financial charges | 65 | €126 | €34 | -€92 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €25,664 | €26,998 | +€1,334 | +5.2% |
| Income taxes | 67/77 | €8,166 | €8,597 | +€431 | +5.3% |
| Profit (loss) for the period | 9904 | €17,498 | €18,401 | +€903 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,498 | €18,401 | +€903 | +5.2% |
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 4 October 2026 via checked.be.