MARMOQUIST: 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.
MARMOQUIST
Largest movements
- Tangible fixed assets -€87,461
down €87,461 (-15.2%), from €574,000 to €486,539
of which Land and buildings: -€47,353
- Receivables within one year -€51,542
down €51,542 (-56.7%), from €90,944 to €39,402
of which Trade receivables: -€60,225
- Deferred charges and accrued income +€30,405
up €30,405 (+21,688%), from €140 to €30,545
- Debts after one year -€54,772
down €54,772 (-9.7%), from €567,482 to €512,710
- Tax, wage and social debts -€43,655
down €43,655 (-75.9%), from €57,510 to €13,855
of which Taxes: -€43,639
- Reserves -€24,868
down €24,868 (-1.8%), from €1.3m to €1.3m
of which Distributable reserves: -€23,008
- Gross operating margin -€140,046
down €140,046 (-52.0%), from €269,268 to €129,222
- Taxes -€21,308
down €21,308 (-68.2%), from €31,263 to €9,955
- Depreciation +€14,582
up €14,582 (+16.6%), from €88,000 to €102,582
- Other operating charges -€4,676
down €4,676 (-42.8%), from €10,933 to €6,257
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 | €2,385,245 | €2,292,404 | -€92,841 | -3.9% |
| Fixed assets | 21/28 | €574,000 | €486,539 | -€87,461 | -15.2% |
| Tangible fixed assets | 22/27 | €574,000 | €486,539 | -€87,461 | -15.2% |
| Land and buildings | 22 | €290,604 | €243,251 | -€47,353 | -16.3% |
| Plant, machinery and equipment | 23 | €177,941 | €159,750 | -€18,191 | -10.2% |
| Furniture and vehicles | 24 | €105,455 | €83,537 | -€21,917 | -20.8% |
| Current assets | 29/58 | €1,811,245 | €1,805,865 | -€5,380 | -0.3% |
| Amounts receivable within one year | 40/41 | €90,944 | €39,402 | -€51,542 | -56.7% |
| Trade receivables | 40 | €85,968 | €25,743 | -€60,225 | -70.1% |
| Other amounts receivable | 41 | €4,976 | €13,659 | +€8,683 | +174% |
| Cash at bank and in hand | 54/58 | €1,720,161 | €1,735,918 | +€15,758 | +0.9% |
| Deferred charges and accrued income | 490/1 | €140 | €30,545 | +€30,405 | +21,688% |
| Total equity and liabilities | 10/49 | €2,385,245 | €2,292,404 | -€92,841 | -3.9% |
| Equity | 10/15 | €1,359,469 | €1,334,601 | -€24,868 | -1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,347,069 | €1,322,201 | -€24,868 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,345,209 | €1,322,201 | -€23,008 | -1.7% |
| Provisions and deferred taxes | 16 | €229,547 | €245,843 | +€16,296 | +7.1% |
| Provisions for liabilities and charges | 160/5 | €229,547 | €245,843 | +€16,296 | +7.1% |
| Other liabilities and charges | 164/5 | €229,547 | €245,843 | +€16,296 | +7.1% |
| Amounts payable | 17/49 | €796,229 | €711,960 | -€84,270 | -10.6% |
| Amounts payable after more than one year | 17 | €567,482 | €512,710 | -€54,772 | -9.7% |
| Financial debts | 170/4 | €567,482 | €512,710 | -€54,772 | -9.7% |
| Amounts payable within one year | 42/48 | €228,747 | €197,750 | -€30,997 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €61,442 | €62,994 | +€1,552 | +2.5% |
| Trade debts | 44 | €13,905 | €22,901 | +€8,996 | +64.7% |
| Suppliers | 440/4 | €13,905 | €22,901 | +€8,996 | +64.7% |
| Taxes, remuneration and social security | 45 | €57,510 | €13,855 | -€43,655 | -75.9% |
| Taxes | 450/3 | €57,495 | €13,855 | -€43,639 | -75.9% |
| Remuneration and social security | 454/9 | €16 | - | -€16 | |
| Other amounts payable | 47/48 | €95,890 | €98,000 | +€2,110 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €1,499 | +€1,499 | |
| Non-recurring operating income | 76A | €9,091 | - | -€9,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,000 | €102,582 | +€14,582 | +16.6% |
| Other operating charges | 640/8 | €10,933 | €6,257 | -€4,676 | -42.8% |
| Gross operating margin | 9900 | €269,268 | €129,222 | -€140,046 | -52.0% |
| Operating profit (loss) | 9901 | €170,335 | €20,383 | -€149,952 | -88.0% |
| Financial income | 75/76B | €1,421 | €0 | -€1,421 | -100.0% |
| Recurring financial income | 75 | €1,421 | €0 | -€1,421 | -100.0% |
| Financial charges | 65/66B | €36,768 | €35,296 | -€1,472 | -4.0% |
| Recurring financial charges | 65 | €36,768 | €35,296 | -€1,472 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €134,988 | -€14,913 | -€149,901 | |
| Income taxes | 67/77 | €31,263 | €9,955 | -€21,308 | -68.2% |
| Profit (loss) for the period | 9904 | €103,724 | -€24,868 | -€128,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,724 | -€24,868 | -€128,592 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.