MARMAE GTA: 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.
MARMAE GTA
Largest movements
- Tangible fixed assets +€32,340
up €32,340 (+176%), from €18,353 to €50,693
of which Furniture and vehicles: +€32,595
- Cash +€10,310
up €10,310 (+13.1%), from €78,826 to €89,137
mainly Net result for the year (+€33,771) and Trade debts (+€21,220)
- Stocks and contracts +€3,109
up €3,109 (+20.4%), from €15,250 to €18,359
- Profit (loss) carried forward +€33,771
up €33,771 (+87.7%), from €38,503 to €72,274
- Trade debts +€21,220
up €21,220 (+88.5%), from €23,964 to €45,184
- Tax, wage and social debts -€17,511
down €17,511 (-44.9%), from €38,982 to €21,471
of which Remuneration and social security: -€18,028
- Other debts +€6,772
up €6,772 (+111%), from €6,078 to €12,850
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Gross operating margin +€44,916
up €44,916 (+54.6%), from €82,206 to €127,122
- Depreciation +€8,171
up €8,171 (+139%), from €5,885 to €14,057
- Taxes +€7,526
up €7,526 (+127%), from €5,907 to €13,433
- Staff costs +€6,271
up €6,271 (+11.0%), from €57,135 to €63,406
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.
Derived cash bridge
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 | €115,587 | €159,838 | +€44,251 | +38.3% |
| Fixed assets | 21/28 | €18,673 | €51,013 | +€32,340 | +173% |
| Tangible fixed assets | 22/27 | €18,353 | €50,693 | +€32,340 | +176% |
| Plant, machinery and equipment | 23 | €311 | €57 | -€254 | -81.8% |
| Furniture and vehicles | 24 | €18,042 | €50,636 | +€32,595 | +181% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €96,915 | €108,825 | +€11,910 | +12.3% |
| Stocks and contracts in progress | 3 | €15,250 | €18,359 | +€3,109 | +20.4% |
| Stocks | 30/36 | €15,250 | €18,359 | +€3,109 | +20.4% |
| Amounts receivable within one year | 40/41 | €1,633 | €1,280 | -€354 | -21.6% |
| Trade receivables | 40 | €1,467 | €1,069 | -€397 | -27.1% |
| Other amounts receivable | 41 | €167 | €210 | +€44 | +26.1% |
| Cash at bank and in hand | 54/58 | €78,826 | €89,137 | +€10,310 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,205 | €50 | -€1,155 | -95.8% |
| Total equity and liabilities | 10/49 | €115,587 | €159,838 | +€44,251 | +38.3% |
| Equity | 10/15 | €46,563 | €80,334 | +€33,771 | +72.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,503 | €72,274 | +€33,771 | +87.7% |
| Amounts payable | 17/49 | €69,024 | €79,504 | +€10,480 | +15.2% |
| Amounts payable within one year | 42/48 | €69,024 | €79,504 | +€10,480 | +15.2% |
| Trade debts | 44 | €23,964 | €45,184 | +€21,220 | +88.5% |
| Suppliers | 440/4 | €23,964 | €45,184 | +€21,220 | +88.5% |
| Taxes, remuneration and social security | 45 | €38,982 | €21,471 | -€17,511 | -44.9% |
| Taxes | 450/3 | €12,916 | €13,433 | +€517 | +4.0% |
| Remuneration and social security | 454/9 | €26,065 | €8,038 | -€18,028 | -69.2% |
| Other amounts payable | 47/48 | €6,078 | €12,850 | +€6,772 | +111% |
| Non-recurring operating income | 76A | €1,154,691 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,183,411 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €57,135 | €63,406 | +€6,271 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,885 | €14,057 | +€8,171 | +139% |
| Other operating charges | 640/8 | €6,206 | €1,630 | -€4,577 | -73.7% |
| Gross operating margin | 9900 | €82,206 | €127,122 | +€44,916 | +54.6% |
| Operating profit (loss) | 9901 | €12,980 | €48,030 | +€35,050 | +270% |
| Financial income | 75/76B | €49 | €0 | -€49 | -99.4% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -99.4% |
| Financial charges | 65/66B | €910 | €827 | -€83 | -9.1% |
| Recurring financial charges | 65 | €910 | €827 | -€83 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €12,119 | €47,204 | +€35,084 | +289% |
| Income taxes | 67/77 | €5,907 | €13,433 | +€7,526 | +127% |
| Profit (loss) for the period | 9904 | €6,213 | €33,771 | +€27,558 | +444% |
| Profit (loss) for the period to be appropriated | 9905 | €6,213 | €33,771 | +€27,558 | +444% |
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 24 October 2026 via checked.be.