MARMA LOGISTICS: 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 LOGISTICS
NACE 49.410, Freight transport by road
financial year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€58,916
31-12-2024 · €31,846+€27,070
Equity
€1.7m
31-12-2024 · €1.7m+€57,226
Cash
€114,832
31-12-2024 · €35,426+€79,406
Balance sheet total
€7.0m
31-12-2024 · €7.3m-€313,699
Largest movements
Assets
- Tangible fixed assets -€311,414
down €311,414 (-4.7%), from €6.6m to €6.3m
of which Land and buildings: -€260,153
- Receivables after one year -€100,631
down €100,631 (-28.8%), from €350,000 to €249,369
- Cash +€79,406
up €79,406 (+224.1%), from €35,426 to €114,832
mainly Depreciation (+€476,948) and Receivables after one year (+€100,631)
Equity and liabilities
- Debts after one year -€390,572
down €390,572 (-8.6%), from €4.6m to €4.2m
of which Financial debts: -€390,572
Income statement
- Staff costs -€86,532
down €86,532 (-5.6%), from €1.6m to €1.5m
- Gross operating margin -€40,812
down €40,812 (-1.8%), from €2.2m to €2.2m
- Depreciation -€26,494
down €26,494 (-5.3%), from €503,442 to €476,948
- Other operating charges +€24,854
up €24,854 (+46.3%), from €53,634 to €78,488
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€31,846
Gross operating margin
-€40,812
Staff costs
+€86,532
Depreciation
+€26,494
Other operating charges
-€24,854
Other operating items
-€25,647
Financial income
+€2,803
Financial charges
+€12,353
Taxes
-€9,798
Result 31-12-2025
€58,916
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€626,185
Investment
-€164,534
Financing
-€382,245
Cash 31-12-2024
€35,426
From operations (derived)
+€626,185
Net result for the year
+€58,916
Depreciation
+€476,948
Receivables after one year
+€100,631
Receivables within one year
-€31,532
Deferred charges and accrued income
+€11,592
Trade debts
-€19,115
Tax, wage and social debts
+€26,045
Advances received
+€101
Accrued charges and deferred income
+€2,600
Investment (derived)
-€164,534
Investment in fixed assets (net)
-€164,534
Financing
-€382,245
Debts after one year
-€390,572
Current portion of long-term debt
+€10,017
Contributions, distributions and other
-€1,690
Cash 31-12-2025
€114,832
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,314,740 | €7,001,042 | -€313,699 | -4.3% |
| Fixed assets | 21/28 | €6,564,167 | €6,251,753 | -€312,413 | -4.8% |
| Intangible fixed assets | 21 | €1,431 | €432 | -€999 | -69.8% |
| Tangible fixed assets | 22/27 | €6,562,466 | €6,251,051 | -€311,414 | -4.7% |
| Land and buildings | 22 | €5,998,086 | €5,737,933 | -€260,153 | -4.3% |
| Plant, machinery and equipment | 23 | €254,912 | €189,958 | -€64,954 | -25.5% |
| Furniture and vehicles | 24 | €28,488 | €29,498 | +€1,010 | +3.5% |
| Leasing and similar rights | 25 | €280,980 | €293,662 | +€12,682 | +4.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €750,574 | €749,288 | -€1,285 | -0.2% |
| Amounts receivable after more than one year | 29 | €350,000 | €249,369 | -€100,631 | -28.8% |
| Other amounts receivable | 291 | €350,000 | €249,369 | -€100,631 | -28.8% |
| Amounts receivable within one year | 40/41 | €339,221 | €370,753 | +€31,532 | +9.3% |
| Trade receivables | 40 | €285,221 | €229,102 | -€56,119 | -19.7% |
| Other amounts receivable | 41 | €54,000 | €141,651 | +€87,651 | +162.3% |
| Cash at bank and in hand | 54/58 | €35,426 | €114,832 | +€79,406 | +224.1% |
| Deferred charges and accrued income | 490/1 | €25,927 | €14,334 | -€11,592 | -44.7% |
| Total equity and liabilities | 10/49 | €7,314,740 | €7,001,042 | -€313,699 | -4.3% |
| Equity | 10/15 | €1,674,180 | €1,731,406 | +€57,226 | +3.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,270,110 | €1,270,110 | = | 0.0% |
| Reserves | 13 | €314,564 | €373,480 | +€58,916 | +18.7% |
| Distributable reserves | 133 | €314,564 | €373,480 | +€58,916 | +18.7% |
| Investment grants | 15 | €14,506 | €12,816 | -€1,690 | -11.7% |
| Amounts payable | 17/49 | €5,640,560 | €5,269,636 | -€370,925 | -6.6% |
| Amounts payable after more than one year | 17 | €4,562,080 | €4,171,508 | -€390,572 | -8.6% |
| Financial debts | 170/4 | €4,508,080 | €4,117,508 | -€390,572 | -8.7% |
| Other amounts payable | 178/9 | €54,000 | €54,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,078,480 | €1,095,527 | +€17,047 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €494,319 | €504,336 | +€10,017 | +2.0% |
| Trade debts | 44 | €218,356 | €199,241 | -€19,115 | -8.8% |
| Suppliers | 440/4 | €218,356 | €199,241 | -€19,115 | -8.8% |
| Advances received on contracts in progress | 46 | - | €101 | +€101 | |
| Taxes, remuneration and social security | 45 | €225,262 | €251,307 | +€26,045 | +11.6% |
| Taxes | 450/3 | €31,767 | €37,655 | +€5,887 | +18.5% |
| Remuneration and social security | 454/9 | €193,495 | €213,652 | +€20,157 | +10.4% |
| Other amounts payable | 47/48 | €140,542 | €140,542 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,600 | +€2,600 | |
| Remuneration, social security and pensions | 62 | €1,557,948 | €1,471,416 | -€86,532 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503,442 | €476,948 | -€26,494 | -5.3% |
| Other operating charges | 640/8 | €53,634 | €78,488 | +€24,854 | +46.3% |
| Non-recurring operating charges | 66A | - | €25,647 | +€25,647 | |
| Gross operating margin | 9900 | €2,231,046 | €2,190,234 | -€40,812 | -1.8% |
| Operating profit (loss) | 9901 | €116,023 | €137,735 | +€21,712 | +18.7% |
| Financial income | 75/76B | €2,955 | €5,758 | +€2,803 | +94.9% |
| Recurring financial income | 75 | €2,955 | €5,758 | +€2,803 | +94.9% |
| Financial charges | 65/66B | €86,732 | €74,379 | -€12,353 | -14.2% |
| Recurring financial charges | 65 | €86,732 | €74,379 | -€12,353 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €32,246 | €69,114 | +€36,868 | +114.3% |
| Income taxes | 67/77 | €400 | €10,198 | +€9,798 | +2452.6% |
| Profit (loss) for the period | 9904 | €31,846 | €58,916 | +€27,070 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,846 | €58,916 | +€27,070 | +85.0% |
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 11 October 2026 via checked.be.