Marma: 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.
What changed
Marma
NACE 46.389, Wholesale of other food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€168,159
2024 · €263,370-€95,211
Equity
€1.4m
2024 · €1.2m+€168,159
Cash
€251,218
2024 · €111,114+€140,104
Balance sheet total
€8.8m
2024 · €9.4m-€621,794
Largest movements
Assets
- Intangible fixed assets -€711,447
down €711,447 (-28.8%), from €2.5m to €1.8m
- Cash +€140,104
up €140,104 (+126.1%), from €111,114 to €251,218
mainly Depreciation (+€779,590) and Trade debts (+€252,716)
Equity and liabilities
- Short-term financial debts -€641,590
down €641,590 (-59.3%), from €1.1m to €439,472
of which Credit institutions: -€460,528
- Debts after one year -€547,707
down €547,707 (-20.7%), from €2.6m to €2.1m
- Trade debts +€252,716
up €252,716 (+8.6%), from €2.9m to €3.2m
- Profit (loss) carried forward +€168,159
up €168,159 (+53.9%), from -€312,236 to -€144,077
- Tax, wage and social debts +€121,034
up €121,034 (+80.2%), from €150,904 to €271,938
of which Taxes: +€116,226
Income statement
- Depreciation +€373,893
up €373,893 (+92.2%), from €405,697 to €779,590
- Goods and materials -€363,207
down €363,207 (-1.8%), from €20.6m to €20.3m
of which Purchases: -€687,411
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.
Result 2024
€263,370
Turnover
+€51,746
Other operating income
-€50,890
Goods and materials
+€363,207
Services and other goods
-€18,327
Staff costs
+€48,598
Depreciation
-€373,893
Write-downs
-€53,449
Other operating charges
+€4,670
Other operating items
-€8,586
Financial income
-€1,818
Financial charges
+€17,481
Taxes
-€73,949
Result 2025
€168,159
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.
From operations
+€1.4m
Investment
-€115,023
Financing
-€1.1m
Cash 2024
€111,114
From operations (derived)
+€1.4m
Net result for the year
+€168,159
Depreciation
+€779,590
Stocks and contracts
+€31,919
Receivables within one year
+€77,010
Deferred charges and accrued income
-€11,598
Trade debts
+€252,716
Tax, wage and social debts
+€121,034
Other debts
-€89
Accrued charges and deferred income
-€15,229
Investment (derived)
-€115,023
Investment in fixed assets (net)
-€115,023
Financing
-€1.1m
Debts after one year
-€547,707
Current portion of long-term debt
+€40,912
Short-term financial debts
-€641,590
Cash 2025
€251,218
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,447,904 | €8,826,110 | -€621,794 | -6.6% |
| Fixed assets | 21/28 | €2,573,155 | €1,908,588 | -€664,567 | -25.8% |
| Intangible fixed assets | 21 | €2,467,175 | €1,755,728 | -€711,447 | -28.8% |
| Tangible fixed assets | 22/27 | €86,897 | €133,777 | +€46,880 | +53.9% |
| Land and buildings | 22 | €12,153 | €10,102 | -€2,051 | -16.9% |
| Plant, machinery and equipment | 23 | €14,985 | €3,967 | -€11,018 | -73.5% |
| Furniture and vehicles | 24 | €59,759 | €119,708 | +€59,949 | +100.3% |
| Financial fixed assets | 28 | €19,084 | €19,084 | = | 0.0% |
| Other financial fixed assets | 284/8 | €19,084 | €19,084 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €19,084 | €19,084 | = | 0.0% |
| Current assets | 29/58 | €6,874,749 | €6,917,522 | +€42,773 | +0.6% |
| Stocks and contracts in progress | 3 | €3,309,171 | €3,277,252 | -€31,919 | -1.0% |
| Stocks | 30/36 | €3,309,171 | €3,277,252 | -€31,919 | -1.0% |
| Goods purchased for resale | 34 | €3,309,171 | €3,277,252 | -€31,919 | -1.0% |
| Amounts receivable within one year | 40/41 | €3,449,057 | €3,372,047 | -€77,010 | -2.2% |
| Trade receivables | 40 | €3,358,824 | €3,363,144 | +€4,320 | +0.1% |
| Other amounts receivable | 41 | €90,233 | €8,903 | -€81,330 | -90.1% |
| Cash at bank and in hand | 54/58 | €111,114 | €251,218 | +€140,104 | +126.1% |
| Deferred charges and accrued income | 490/1 | €5,407 | €17,004 | +€11,598 | +214.5% |
| Total equity and liabilities | 10/49 | €9,447,904 | €8,826,110 | -€621,794 | -6.6% |
| Equity | 10/15 | €1,187,811 | €1,355,970 | +€168,159 | +14.2% |
| Contributions | 10/11 | €868,965 | €868,965 | = | 0.0% |
| Reserves | 13 | €631,081 | €631,081 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,179 | €21,179 | = | 0.0% |
| Distributable reserves | 133 | €609,902 | €609,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€312,236 | -€144,077 | +€168,159 | +53.9% |
| Amounts payable | 17/49 | €8,260,093 | €7,470,140 | -€789,953 | -9.6% |
| Amounts payable after more than one year | 17 | €2,643,150 | €2,095,443 | -€547,707 | -20.7% |
| Financial debts | 170/4 | €2,643,150 | €2,095,443 | -€547,707 | -20.7% |
| Credit institutions | 173 | €1,340,891 | €885,011 | -€455,881 | -34.0% |
| Other loans | 174 | €1,302,259 | €1,210,432 | -€91,826 | -7.1% |
| Amounts payable within one year | 42/48 | €5,564,540 | €5,337,523 | -€227,017 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €768,224 | €809,136 | +€40,912 | +5.3% |
| Financial debts | 43 | €1,081,062 | €439,472 | -€641,590 | -59.3% |
| Credit institutions | 430/8 | €900,000 | €439,472 | -€460,528 | -51.2% |
| Other loans | 439 | €181,062 | - | -€181,062 | |
| Trade debts | 44 | €2,949,770 | €3,202,486 | +€252,716 | +8.6% |
| Suppliers | 440/4 | €2,949,770 | €3,202,486 | +€252,716 | +8.6% |
| Taxes, remuneration and social security | 45 | €150,904 | €271,938 | +€121,034 | +80.2% |
| Taxes | 450/3 | €3,437 | €119,663 | +€116,226 | +3381.3% |
| Remuneration and social security | 454/9 | €147,467 | €152,275 | +€4,808 | +3.3% |
| Other amounts payable | 47/48 | €614,579 | €614,490 | -€89 | 0.0% |
| Accrued charges and deferred income | 492/3 | €52,404 | €37,175 | -€15,229 | -29.1% |
| Operating income | 70/76A | €28,128,162 | €28,128,515 | +€353 | 0.0% |
| Turnover | 70 | €28,026,246 | €28,077,992 | +€51,746 | +0.2% |
| Other operating income | 74 | €92,916 | €42,026 | -€50,890 | -54.8% |
| Non-recurring operating income | 76A | €9,000 | €8,498 | -€502 | -5.6% |
| Operating charges | 60/66A | €27,749,843 | €27,787,121 | +€37,278 | +0.1% |
| Goods for resale, raw materials and consumables | 60 | €20,642,970 | €20,279,763 | -€363,207 | -1.8% |
| Purchases | 600/8 | €20,935,255 | €20,247,844 | -€687,411 | -3.3% |
| Change in stocks: decrease (increase) | 609 | -€292,285 | €31,919 | +€324,203 | |
| Services and other goods | 61 | €5,592,699 | €5,611,027 | +€18,327 | +0.3% |
| Remuneration, social security and pensions | 62 | €969,983 | €921,385 | -€48,598 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405,697 | €779,590 | +€373,893 | +92.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,701 | €59,150 | +€53,449 | +937.5% |
| Other operating charges | 640/8 | €123,946 | €119,276 | -€4,670 | -3.8% |
| Non-recurring operating charges | 66A | €8,846 | €16,930 | +€8,084 | +91.4% |
| Operating profit (loss) | 9901 | €378,319 | €341,394 | -€36,925 | -9.8% |
| Financial income | 75/76B | €128,616 | €126,798 | -€1,818 | -1.4% |
| Recurring financial income | 75 | €122,241 | €126,798 | +€4,557 | +3.7% |
| Other financial income | 752/9 | €122,241 | €126,798 | +€4,557 | +3.7% |
| Non-recurring financial income | 76B | €6,375 | - | -€6,375 | |
| Financial charges | 65/66B | €232,628 | €215,148 | -€17,481 | -7.5% |
| Recurring financial charges | 65 | €232,628 | €215,148 | -€17,481 | -7.5% |
| Debt charges | 650 | €186,808 | €167,716 | -€19,093 | -10.2% |
| Other financial charges | 652/9 | €45,820 | €47,432 | +€1,612 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €274,307 | €253,045 | -€21,262 | -7.8% |
| Income taxes | 67/77 | €10,937 | €84,886 | +€73,949 | +676.1% |
| Taxes | 670/3 | €10,937 | €85,191 | +€74,254 | +678.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €305 | +€305 | |
| Profit (loss) for the period | 9904 | €263,370 | €168,159 | -€95,211 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €263,370 | €168,159 | -€95,211 | -36.2% |
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 9 October 2026 via checked.be.