Marselis: 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.
Marselis
Largest movements
- Receivables within one year +€92,161
up €92,161 (+715.3%), from €12,884 to €105,045
of which Trade receivables: +€54,713
- Stocks and contracts -€19,094
down €19,094 (-52.7%), from €36,219 to €17,125
- Deferred charges and accrued income -€9,895
down €9,895 (-91.3%), from €10,836 to €942
- Tangible fixed assets -€3,955
down €3,955 (-8.9%), from €44,276 to €40,321
of which Plant, machinery and equipment: -€6,364
- Trade debts +€94,245
up €94,245 (+110.6%), from €85,241 to €179,486
- Profit (loss) carried forward -€59,317
down €59,317 (-78.1%), from -€75,963 to -€135,280
- Tax, wage and social debts +€21,727
up €21,727 (+19.1%), from €113,517 to €135,245
of which Taxes: +€19,830
- Other debts +€2,723
up €2,723 (+8839.6%), from €31 to €2,754
- Other operating charges +€53,774
up €53,774 (+336.0%), from €16,006 to €69,781
- Staff costs +€36,790
up €36,790 (+18.5%), from €199,066 to €235,856
- Write-downs -€8,475
no longer reported in 2024 (was €8,475)
- Gross operating margin +€7,164
up €7,164 (+2.8%), from €252,598 to €259,762
- Financial charges -€4,161
down €4,161 (-55.9%), from €7,441 to €3,279
of which Non-recurring financial charges: -€2,263
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,683 | €192,562 | +€60,879 | +46.2% |
| Fixed assets | 21/28 | €44,276 | €40,321 | -€3,955 | -8.9% |
| Tangible fixed assets | 22/27 | €44,276 | €40,321 | -€3,955 | -8.9% |
| Plant, machinery and equipment | 23 | €14,387 | €8,023 | -€6,364 | -44.2% |
| Furniture and vehicles | 24 | €29,368 | €29,863 | +€495 | +1.7% |
| Other tangible fixed assets | 26 | €521 | €2,436 | +€1,915 | +367.7% |
| Current assets | 29/58 | €87,407 | €152,241 | +€64,834 | +74.2% |
| Stocks and contracts in progress | 3 | €36,219 | €17,125 | -€19,094 | -52.7% |
| Stocks | 30/36 | €36,219 | €17,125 | -€19,094 | -52.7% |
| Amounts receivable within one year | 40/41 | €12,884 | €105,045 | +€92,161 | +715.3% |
| Trade receivables | 40 | €11,108 | €65,821 | +€54,713 | +492.5% |
| Other amounts receivable | 41 | €1,776 | €39,224 | +€37,448 | +2108.4% |
| Cash at bank and in hand | 54/58 | €27,468 | €29,129 | +€1,662 | +6.0% |
| Deferred charges and accrued income | 490/1 | €10,836 | €942 | -€9,895 | -91.3% |
| Total equity and liabilities | 10/49 | €131,683 | €192,562 | +€60,879 | +46.2% |
| Equity | 10/15 | -€68,963 | -€128,280 | -€59,317 | -86.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,963 | -€135,280 | -€59,317 | -78.1% |
| Amounts payable | 17/49 | €200,646 | €320,842 | +€120,196 | +59.9% |
| Amounts payable within one year | 42/48 | €198,789 | €317,485 | +€118,696 | +59.7% |
| Trade debts | 44 | €85,241 | €179,486 | +€94,245 | +110.6% |
| Suppliers | 440/4 | €85,241 | €179,486 | +€94,245 | +110.6% |
| Taxes, remuneration and social security | 45 | €113,517 | €135,245 | +€21,727 | +19.1% |
| Taxes | 450/3 | €91,805 | €111,635 | +€19,830 | +21.6% |
| Remuneration and social security | 454/9 | €21,712 | €23,609 | +€1,897 | +8.7% |
| Other amounts payable | 47/48 | €31 | €2,754 | +€2,723 | +8839.6% |
| Accrued charges and deferred income | 492/3 | €1,857 | €3,357 | +€1,500 | +80.8% |
| Remuneration, social security and pensions | 62 | €199,066 | €235,856 | +€36,790 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,806 | €12,345 | +€540 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,475 | - | -€8,475 | |
| Other operating charges | 640/8 | €16,006 | €69,781 | +€53,774 | +336.0% |
| Gross operating margin | 9900 | €252,598 | €259,762 | +€7,164 | +2.8% |
| Operating profit (loss) | 9901 | €17,244 | -€58,220 | -€75,464 | |
| Financial income | 75/76B | €6 | €2,182 | +€2,176 | +37588.1% |
| Recurring financial income | 75 | €6 | €2,182 | +€2,176 | +37588.1% |
| Financial charges | 65/66B | €7,441 | €3,279 | -€4,161 | -55.9% |
| Recurring financial charges | 65 | €5,177 | €3,279 | -€1,898 | -36.7% |
| Non-recurring financial charges | 66B | €2,263 | - | -€2,263 | |
| Profit (loss) for the period before taxes | 9903 | €9,810 | -€59,317 | -€69,127 | |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | €9,795 | -€59,317 | -€69,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,795 | -€59,317 | -€69,112 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.