MARPHIL: what changed
Two fiscal 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.
MARPHIL
Largest movements
- Current investments +€415,000
up €415,000 (+415.0%), from €100,000 to €515,000
- Receivables within one year -€256,170
no longer reported in 2025 (was €256,170)
- Profit (loss) carried forward -€416,578
down €416,578 (-29.5%), from €1.4m to €996,079
- Reserves +€415,000
up €415,000 (+22311.8%), from €1,860 to €416,860
- Debts after one year +€159,769
new in 2025: €159,769
- Gross operating margin -€3,627
down €3,627 (-161.7%), from -€2,243 to -€5,870
- Financial income +€399
up €399 (+7.9%), from €5,062 to €5,461
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,426,917 | €1,585,109 | +€158,191 | +11.1% |
| Fixed assets | 21/28 | €1,069,010 | €1,069,010 | = | 0.0% |
| Intangible fixed assets | 21 | €219,010 | €219,010 | = | 0.0% |
| Financial fixed assets | 28 | €850,000 | €850,000 | = | 0.0% |
| Current assets | 29/58 | €357,907 | €516,099 | +€158,191 | +44.2% |
| Amounts receivable within one year | 40/41 | €256,170 | - | -€256,170 | |
| Other amounts receivable | 41 | €256,170 | - | -€256,170 | |
| Current investments | 50/53 | €100,000 | €515,000 | +€415,000 | +415.0% |
| Cash at bank and in hand | 54/58 | €1,737 | €1,099 | -€639 | -36.8% |
| Total equity and liabilities | 10/49 | €1,426,917 | €1,585,109 | +€158,191 | +11.1% |
| Equity | 10/15 | €1,426,917 | €1,425,339 | -€1,578 | -0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Share premium | 1100/10 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €416,860 | +€415,000 | +22311.8% |
| Non-distributable reserves | 130/1 | €1,860 | €416,860 | +€415,000 | +22311.8% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | - | €415,000 | +€415,000 | |
| Profit (loss) carried forward | 14 | €1,412,657 | €996,079 | -€416,578 | -29.5% |
| Amounts payable | 17/49 | - | €159,769 | +€159,769 | |
| Amounts payable after more than one year | 17 | - | €159,769 | +€159,769 | |
| Other amounts payable | 178/9 | - | €159,769 | +€159,769 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€2,243 | -€5,870 | -€3,627 | -161.7% |
| Operating profit (loss) | 9901 | -€3,211 | -€6,869 | -€3,658 | -113.9% |
| Financial income | 75/76B | €5,062 | €5,461 | +€399 | +7.9% |
| Recurring financial income | 75 | €5,062 | €5,461 | +€399 | +7.9% |
| Financial charges | 65/66B | €153 | €170 | +€17 | +11.1% |
| Recurring financial charges | 65 | €153 | €170 | +€17 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €1,698 | -€1,578 | -€3,276 | |
| Profit (loss) for the period | 9904 | €1,698 | -€1,578 | -€3,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,698 | -€1,578 | -€3,276 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.