MARLUVA: 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.
MARLUVA
Largest movements
- Tangible fixed assets +€41,906
up €41,906 (+3743.5%), from €1,119 to €43,026
of which Furniture and vehicles: +€38,424
- Cash +€29,482
up €29,482 (+85.0%), from €34,687 to €64,169
mainly Other debts (+€49,589) and Net result for the year (+€47,344)
- Receivables within one year -€14,811
down €14,811 (-72.7%), from €20,381 to €5,569
of which Trade receivables: -€15,237
- Other debts +€49,589
up €49,589 (+142.3%), from €34,850 to €84,439
- Debts after one year +€11,451
new in 2025: €11,451
- Current portion of long-term debt +€7,771
new in 2025: €7,771
- Tax, wage and social debts -€5,729
down €5,729 (-60.7%), from €9,431 to €3,702
of which Taxes: -€5,729
- Reserves -€2,958
no longer reported in 2025 (was €2,958)
- Gross operating margin +€10,313
up €10,313 (+17.4%), from €59,274 to €69,587
- Depreciation +€5,897
up €5,897 (+1965.8%), from €300 to €6,197
- Other operating charges -€1,815
down €1,815 (-81.7%), from €2,223 to €408
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 | €56,187 | €113,641 | +€57,453 | +102.3% |
| Fixed assets | 21/28 | €1,119 | €43,026 | +€41,906 | +3743.5% |
| Tangible fixed assets | 22/27 | €1,119 | €43,026 | +€41,906 | +3743.5% |
| Plant, machinery and equipment | 23 | - | €3,482 | +€3,482 | |
| Furniture and vehicles | 24 | €1,119 | €39,543 | +€38,424 | +3432.4% |
| Current assets | 29/58 | €55,068 | €70,615 | +€15,547 | +28.2% |
| Amounts receivable within one year | 40/41 | €20,381 | €5,569 | -€14,811 | -72.7% |
| Trade receivables | 40 | €16,861 | €1,624 | -€15,237 | -90.4% |
| Other amounts receivable | 41 | €3,520 | €3,946 | +€426 | +12.1% |
| Cash at bank and in hand | 54/58 | €34,687 | €64,169 | +€29,482 | +85.0% |
| Deferred charges and accrued income | 490/1 | - | €876 | +€876 | |
| Total equity and liabilities | 10/49 | €56,187 | €113,641 | +€57,453 | +102.3% |
| Equity | 10/15 | €8,958 | €6,000 | -€2,958 | -33.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €2,958 | - | -€2,958 | |
| Distributable reserves | 133 | €2,958 | - | -€2,958 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €47,229 | €107,641 | +€60,412 | +127.9% |
| Amounts payable after more than one year | 17 | - | €11,451 | +€11,451 | |
| Financial debts | 170/4 | - | €11,451 | +€11,451 | |
| Amounts payable within one year | 42/48 | €47,229 | €96,190 | +€48,961 | +103.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,771 | +€7,771 | |
| Trade debts | 44 | €2,949 | €279 | -€2,670 | -90.6% |
| Suppliers | 440/4 | €2,949 | €279 | -€2,670 | -90.6% |
| Taxes, remuneration and social security | 45 | €9,431 | €3,702 | -€5,729 | -60.7% |
| Taxes | 450/3 | €8,431 | €2,702 | -€5,729 | -68.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €34,850 | €84,439 | +€49,589 | +142.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €6,197 | +€5,897 | +1965.8% |
| Other operating charges | 640/8 | €2,223 | €408 | -€1,815 | -81.7% |
| Gross operating margin | 9900 | €59,274 | €69,587 | +€10,313 | +17.4% |
| Operating profit (loss) | 9901 | €56,751 | €62,982 | +€6,231 | +11.0% |
| Financial income | 75/76B | €19 | €179 | +€161 | +864.0% |
| Recurring financial income | 75 | €19 | €179 | +€161 | +864.0% |
| Financial charges | 65/66B | €136 | €616 | +€480 | +354.1% |
| Recurring financial charges | 65 | €136 | €616 | +€480 | +354.1% |
| Profit (loss) for the period before taxes | 9903 | €56,634 | €62,545 | +€5,911 | +10.4% |
| Income taxes | 67/77 | €15,256 | €15,202 | -€55 | -0.4% |
| Profit (loss) for the period | 9904 | €41,378 | €47,344 | +€5,966 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,378 | €47,344 | +€5,966 | +14.4% |
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 6 October 2026 via checked.be.