MARPOR: 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.
MARPOR
Largest movements
- Receivables within one year -€45,129
down €45,129 (-82.5%), from €54,707 to €9,579
of which Trade receivables: -€41,271
- Tangible fixed assets +€38,884
up €38,884 (+645%), from €6,031 to €44,916
of which Furniture and vehicles: +€42,027
- Cash +€17,042
up €17,042 (+1,065%), from €1,600 to €18,642
mainly Receivables within one year (+€45,129) and Debts after one year (+€27,630)
- Stocks and contracts +€11,120
up €11,120 (+869%), from €1,280 to €12,400
- Deferred charges and accrued income +€1,210
up €1,210 (+38.7%), from €3,132 to €4,342
- Debts after one year +€27,630
new in 2026: €27,630
- Profit (loss) carried forward -€19,831
down €19,831, from €2,732 to -€17,099
- Trade debts +€9,846
up €9,846 (+81.0%), from €12,154 to €22,000
- Current portion of long-term debt +€8,725
new in 2026: €8,725
- Tax, wage and social debts -€6,790
down €6,790 (-63.4%), from €10,701 to €3,911
of which Remuneration and social security: -€3,800
- Gross operating margin -€20,233
down €20,233, from €16,039 to -€4,194
- Depreciation +€8,197
up €8,197 (+205%), from €4,006 to €12,203
- Taxes -€2,760
down €2,760 (-92.4%), from €2,986 to €226
- Financial charges +€1,590
up €1,590 (+802%), from €198 to €1,788
- Other operating charges +€412
up €412 (+37.4%), from €1,100 to €1,511
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,908 | €90,035 | +€23,127 | +34.6% |
| Fixed assets | 21/28 | €6,189 | €45,073 | +€38,884 | +628% |
| Tangible fixed assets | 22/27 | €6,031 | €44,916 | +€38,884 | +645% |
| Plant, machinery and equipment | 23 | €5,974 | €2,831 | -€3,143 | -52.6% |
| Furniture and vehicles | 24 | €58 | €42,084 | +€42,027 | +72,837% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €60,719 | €44,962 | -€15,757 | -26.0% |
| Stocks and contracts in progress | 3 | €1,280 | €12,400 | +€11,120 | +869% |
| Stocks | 30/36 | €1,280 | €12,400 | +€11,120 | +869% |
| Amounts receivable within one year | 40/41 | €54,707 | €9,579 | -€45,129 | -82.5% |
| Trade receivables | 40 | €41,271 | - | -€41,271 | |
| Other amounts receivable | 41 | €13,436 | €9,579 | -€3,858 | -28.7% |
| Cash at bank and in hand | 54/58 | €1,600 | €18,642 | +€17,042 | +1,065% |
| Deferred charges and accrued income | 490/1 | €3,132 | €4,342 | +€1,210 | +38.7% |
| Total equity and liabilities | 10/49 | €66,908 | €90,035 | +€23,127 | +34.6% |
| Equity | 10/15 | €20,492 | €661 | -€19,831 | -96.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,560 | €11,560 | = | 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% |
| Distributable reserves | 133 | €9,700 | €9,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,732 | -€17,099 | -€19,831 | |
| Amounts payable | 17/49 | €46,416 | €89,374 | +€42,958 | +92.5% |
| Amounts payable after more than one year | 17 | - | €27,630 | +€27,630 | |
| Financial debts | 170/4 | - | €27,630 | +€27,630 | |
| Amounts payable within one year | 42/48 | €46,416 | €61,744 | +€15,328 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,725 | +€8,725 | |
| Trade debts | 44 | €12,154 | €22,000 | +€9,846 | +81.0% |
| Suppliers | 440/4 | €12,154 | €22,000 | +€9,846 | +81.0% |
| Taxes, remuneration and social security | 45 | €10,701 | €3,911 | -€6,790 | -63.4% |
| Taxes | 450/3 | €2,990 | - | -€2,990 | |
| Remuneration and social security | 454/9 | €7,711 | €3,911 | -€3,800 | -49.3% |
| Other amounts payable | 47/48 | €23,561 | €27,108 | +€3,547 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,006 | €12,203 | +€8,197 | +205% |
| Other operating charges | 640/8 | €1,100 | €1,511 | +€412 | +37.4% |
| Gross operating margin | 9900 | €16,039 | -€4,194 | -€20,233 | |
| Operating profit (loss) | 9901 | €10,933 | -€17,909 | -€28,842 | |
| Financial income | 75/76B | €223 | €92 | -€131 | -58.8% |
| Recurring financial income | 75 | €223 | €92 | -€131 | -58.8% |
| Financial charges | 65/66B | €198 | €1,788 | +€1,590 | +802% |
| Recurring financial charges | 65 | €198 | €1,788 | +€1,590 | +802% |
| Profit (loss) for the period before taxes | 9903 | €10,958 | -€19,605 | -€30,563 | |
| Income taxes | 67/77 | €2,986 | €226 | -€2,760 | -92.4% |
| Profit (loss) for the period | 9904 | €7,972 | -€19,831 | -€27,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,972 | -€19,831 | -€27,803 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.