MARRES TRADING: 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.
What changed
MARRES TRADING
NACE 46.494, Wholesale of non-electrical household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,709
2024 · €13,859-€12,150
Equity
€410,379
2024 · €408,669+€1,709
Cash
€16,531
2024 · €14,782+€1,750
Balance sheet total
€2.3m
2024 · €2.5m-€176,881
Largest movements
Assets
- Receivables within one year -€120,354
down €120,354 (-60.7%), from €198,411 to €78,057
of which Trade receivables: -€120,695
- Tangible fixed assets -€59,255
down €59,255 (-6.8%), from €877,488 to €818,232
of which Land and buildings: -€47,059
Equity and liabilities
- Trade debts -€110,338
down €110,338 (-47.7%), from €231,088 to €120,751
- Debts after one year -€92,989
down €92,989 (-12.2%), from €762,281 to €669,292
Income statement
- Gross operating margin -€8,735
down €8,735 (-6.9%), from €126,950 to €118,215
- Financial charges +€8,115
up €8,115 (+24.2%), from €33,575 to €41,691
- Taxes -€2,395
down €2,395 (-52.6%), from €4,551 to €2,156
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.
Result 2024
€13,859
Gross operating margin
-€8,735
Depreciation
+€1,182
Other operating charges
-€298
Other operating items
+€1,422
Financial income
-€0
Financial charges
-€8,115
Taxes
+€2,395
Result 2025
€1,709
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€98,770
Investment
-€4,132
Financing
-€92,888
Cash 2024
€14,782
From operations (derived)
+€98,770
Net result for the year
+€1,709
Depreciation
+€63,387
Receivables within one year
+€120,354
Deferred charges and accrued income
-€978
Trade debts
-€110,338
Tax, wage and social debts
+€5,145
Other debts
+€19,437
Accrued charges and deferred income
+€54
Investment (derived)
-€4,132
Investment in fixed assets (net)
-€4,132
Financing
-€92,888
Debts after one year
-€92,989
Current portion of long-term debt
-€1,370
Short-term financial debts
+€1,470
Cash 2025
€16,531
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,488,552 | €2,311,670 | -€176,881 | -7.1% |
| Fixed assets | 21/28 | €2,273,856 | €2,214,601 | -€59,255 | -2.6% |
| Tangible fixed assets | 22/27 | €877,488 | €818,232 | -€59,255 | -6.8% |
| Land and buildings | 22 | €817,850 | €770,791 | -€47,059 | -5.8% |
| Plant, machinery and equipment | 23 | €57,813 | €46,906 | -€10,906 | -18.9% |
| Furniture and vehicles | 24 | €1,825 | €535 | -€1,290 | -70.7% |
| Financial fixed assets | 28 | €1,396,368 | €1,396,368 | = | 0.0% |
| Current assets | 29/58 | €214,696 | €97,070 | -€117,626 | -54.8% |
| Amounts receivable within one year | 40/41 | €198,411 | €78,057 | -€120,354 | -60.7% |
| Trade receivables | 40 | €198,400 | €77,705 | -€120,695 | -60.8% |
| Other amounts receivable | 41 | €11 | €352 | +€341 | +3,236% |
| Cash at bank and in hand | 54/58 | €14,782 | €16,531 | +€1,750 | +11.8% |
| Deferred charges and accrued income | 490/1 | €1,504 | €2,482 | +€978 | +65.1% |
| Total equity and liabilities | 10/49 | €2,488,552 | €2,311,670 | -€176,881 | -7.1% |
| Equity | 10/15 | €408,669 | €410,379 | +€1,709 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,069 | €391,779 | +€1,709 | +0.4% |
| 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 | €388,209 | €389,919 | +€1,709 | +0.4% |
| Amounts payable | 17/49 | €2,079,882 | €1,901,292 | -€178,590 | -8.6% |
| Amounts payable after more than one year | 17 | €762,281 | €669,292 | -€92,989 | -12.2% |
| Financial debts | 170/4 | €762,281 | €669,292 | -€92,989 | -12.2% |
| Amounts payable within one year | 42/48 | €1,314,931 | €1,229,275 | -€85,656 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €94,358 | €92,989 | -€1,370 | -1.5% |
| Financial debts | 43 | - | €1,470 | +€1,470 | |
| Credit institutions | 430/8 | - | €1,470 | +€1,470 | |
| Trade debts | 44 | €231,088 | €120,751 | -€110,338 | -47.7% |
| Suppliers | 440/4 | €231,088 | €120,751 | -€110,338 | -47.7% |
| Taxes, remuneration and social security | 45 | €5,172 | €10,316 | +€5,145 | +99.5% |
| Taxes | 450/3 | €5,172 | €10,316 | +€5,145 | +99.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €984,312 | €1,003,749 | +€19,437 | +2.0% |
| Accrued charges and deferred income | 492/3 | €2,670 | €2,725 | +€54 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,569 | €63,387 | -€1,182 | -1.8% |
| Other operating charges | 640/8 | €8,975 | €9,273 | +€298 | +3.3% |
| Non-recurring operating charges | 66A | €1,422 | €0 | -€1,422 | -100% |
| Gross operating margin | 9900 | €126,950 | €118,215 | -€8,735 | -6.9% |
| Operating profit (loss) | 9901 | €51,984 | €45,554 | -€6,430 | -12.4% |
| Financial income | 75/76B | €1 | €1 | -€0 | -12.9% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -12.9% |
| Financial charges | 65/66B | €33,575 | €41,691 | +€8,115 | +24.2% |
| Recurring financial charges | 65 | €33,575 | €41,691 | +€8,115 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €18,410 | €3,865 | -€14,545 | -79.0% |
| Income taxes | 67/77 | €4,551 | €2,156 | -€2,395 | -52.6% |
| Profit (loss) for the period | 9904 | €13,859 | €1,709 | -€12,150 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,859 | €1,709 | -€12,150 | -87.7% |
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.