MARLY: 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.
MARLY
Largest movements
- Cash -€16,008
down €16,008 (-56.0%), from €28,575 to €12,566
mainly Debts after one year (-€24,034) and Tax, wage and social debts (-€11,805)
- Debts after one year -€24,034
down €24,034 (-6.1%), from €393,167 to €369,134
of which Financial debts: -€17,534
- Profit (loss) carried forward +€23,648
up €23,648 (+7.8%), from -€304,443 to -€280,796
- Tax, wage and social debts -€11,805
down €11,805 (-79.3%), from €14,887 to €3,082
- Gross operating margin -€10,915
down €10,915 (-18.3%), from €59,675 to €48,760
- Taxes -€4,587
down €4,587 (-33.6%), from €13,641 to €9,053
- Financial charges +€3,256
up €3,256 (+48.2%), from €6,755 to €10,011
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 | €599,483 | €585,551 | -€13,932 | -2.3% |
| Fixed assets | 21/28 | €565,655 | €570,056 | +€4,402 | +0.8% |
| Tangible fixed assets | 22/27 | €565,655 | €570,056 | +€4,402 | +0.8% |
| Land and buildings | 22 | €565,655 | €570,056 | +€4,402 | +0.8% |
| Current assets | 29/58 | €33,829 | €15,495 | -€18,334 | -54.2% |
| Amounts receivable within one year | 40/41 | €1,856 | €590 | -€1,265 | -68.2% |
| Trade receivables | 40 | €1,856 | €590 | -€1,265 | -68.2% |
| Cash at bank and in hand | 54/58 | €28,575 | €12,566 | -€16,008 | -56.0% |
| Deferred charges and accrued income | 490/1 | €3,399 | €2,339 | -€1,060 | -31.2% |
| Total equity and liabilities | 10/49 | €599,483 | €585,551 | -€13,932 | -2.3% |
| Equity | 10/15 | €167,952 | €191,600 | +€23,648 | +14.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €396 | €396 | = | 0.0% |
| Non-distributable reserves | 130/1 | €396 | €396 | = | 0.0% |
| Legal reserve | 130 | €396 | €396 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,443 | -€280,796 | +€23,648 | +7.8% |
| Amounts payable | 17/49 | €431,531 | €393,951 | -€37,580 | -8.7% |
| Amounts payable after more than one year | 17 | €393,167 | €369,134 | -€24,034 | -6.1% |
| Financial debts | 170/4 | €205,082 | €187,549 | -€17,534 | -8.5% |
| Other amounts payable | 178/9 | €188,085 | €181,585 | -€6,500 | -3.5% |
| Amounts payable within one year | 42/48 | €37,929 | €24,382 | -€13,546 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €19,935 | €20,216 | +€281 | +1.4% |
| Trade debts | 44 | €0 | €605 | +€605 | |
| Suppliers | 440/4 | €0 | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €14,887 | €3,082 | -€11,805 | -79.3% |
| Taxes | 450/3 | €14,887 | €3,082 | -€11,805 | -79.3% |
| Other amounts payable | 47/48 | €3,107 | €480 | -€2,627 | -84.6% |
| Accrued charges and deferred income | 492/3 | €435 | €435 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €10 | +€10 | |
| Other operating charges | 640/8 | €6,024 | €6,064 | +€41 | +0.7% |
| Gross operating margin | 9900 | €59,675 | €48,760 | -€10,915 | -18.3% |
| Operating profit (loss) | 9901 | €53,652 | €42,685 | -€10,966 | -20.4% |
| Financial income | 75/76B | €0 | €26 | +€26 | |
| Recurring financial income | 75 | €0 | €26 | +€26 | |
| Financial charges | 65/66B | €6,755 | €10,011 | +€3,256 | +48.2% |
| Recurring financial charges | 65 | €6,755 | €10,011 | +€3,256 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €46,896 | €32,701 | -€14,196 | -30.3% |
| Income taxes | 67/77 | €13,641 | €9,053 | -€4,587 | -33.6% |
| Profit (loss) for the period | 9904 | €33,256 | €23,648 | -€9,608 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,256 | €23,648 | -€9,608 | -28.9% |
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 10 October 2026 via checked.be.