MARPHI Invest: 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.
MARPHI Invest
Largest movements
- Cash -€227
down €227 (-36.9%), from €616 to €389
mainly Net result for the year (-€1,936)
- Profit (loss) carried forward -€1,936
down €1,936 (-8.3%), from -€23,297 to -€25,234
- Trade debts +€1,459
up €1,459 (+524%), from €278 to €1,737
- Other debts +€250
up €250 (+1.6%), from €15,575 to €15,825
- Other operating charges -€367
down €367 (-41.4%), from €887 to €520
- Gross operating margin +€263
up €263 (+17.7%), from -€1,480 to -€1,218
- Financial charges +€45
up €45 (+29.6%), from €154 to €199
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 | €616 | €389 | -€227 | -36.9% |
| Current assets | 29/58 | €616 | €389 | -€227 | -36.9% |
| Cash at bank and in hand | 54/58 | €616 | €389 | -€227 | -36.9% |
| Total equity and liabilities | 10/49 | €616 | €389 | -€227 | -36.9% |
| Equity | 10/15 | -€15,237 | -€17,174 | -€1,936 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,297 | -€25,234 | -€1,936 | -8.3% |
| Amounts payable | 17/49 | €15,853 | €17,562 | +€1,709 | +10.8% |
| Amounts payable within one year | 42/48 | €15,853 | €17,562 | +€1,709 | +10.8% |
| Trade debts | 44 | €278 | €1,737 | +€1,459 | +524% |
| Suppliers | 440/4 | €278 | €1,737 | +€1,459 | +524% |
| Other amounts payable | 47/48 | €15,575 | €15,825 | +€250 | +1.6% |
| Other operating charges | 640/8 | €887 | €520 | -€367 | -41.4% |
| Gross operating margin | 9900 | -€1,480 | -€1,218 | +€263 | +17.7% |
| Operating profit (loss) | 9901 | -€2,367 | -€1,737 | +€630 | +26.6% |
| Financial charges | 65/66B | €154 | €199 | +€45 | +29.6% |
| Recurring financial charges | 65 | €154 | €199 | +€45 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,521 | -€1,936 | +€584 | +23.2% |
| Profit (loss) for the period | 9904 | -€2,521 | -€1,936 | +€584 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,521 | -€1,936 | +€584 | +23.2% |
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 16 October 2026 via checked.be.