MARSICO: 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
MARSICO
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€117,044
2024 · €10,749-€127,793
Equity
-€138,091
2024 · -€21,047-€117,044
Cash
€112,562
2024 · €109,726+€2,836
Balance sheet total
€930,185
2024 · €1.0m-€84,396
Largest movements
Assets
- Deferred charges and accrued income -€107,054
down €107,054 (-89.7%), from €119,328 to €12,273
- Receivables within one year +€12,945
up €12,945 (+21.5%), from €60,329 to €73,275
of which Trade receivables: +€7,079
Equity and liabilities
- Trade debts +€127,311
up €127,311 (+25.9%), from €492,329 to €619,641
- Profit (loss) carried forward -€117,044
down €117,044 (-96.7%), from -€121,047 to -€238,091
- Debts after one year -€112,300
down €112,300 (-32.0%), from €350,591 to €238,290
Income statement
- Staff costs +€105,825
up €105,825 (+46.1%), from €229,576 to €335,401
- Gross operating margin -€36,545
down €36,545 (-11.3%), from €324,334 to €287,788
- Depreciation -€13,600
down €13,600 (-29.1%), from €46,816 to €33,216
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
€10,749
Gross operating margin
-€36,545
Staff costs
-€105,825
Depreciation
+€13,600
Other operating charges
-€1,862
Other operating items
-€94
Financial income
-€64
Financial charges
+€2,996
Result 2025
-€117,044
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.
From operations
+€146,914
Investment
-€41,873
Financing
-€102,205
Cash 2024
€109,726
From operations (derived)
+€146,914
Net result for the year
-€117,044
Depreciation
+€33,216
Stocks and contracts
+€1,779
Receivables within one year
-€12,945
Deferred charges and accrued income
+€107,054
Trade debts
+€127,311
Tax, wage and social debts
+€8,350
Other debts
-€175
Accrued charges and deferred income
-€633
Investment (derived)
-€41,873
Investment in fixed assets (net)
-€41,873
Financing
-€102,205
Debts after one year
-€112,300
Current portion of long-term debt
+€3,709
Short-term financial debts
+€6,386
Cash 2025
€112,562
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,014,581 | €930,185 | -€84,396 | -8.3% |
| Fixed assets | 21/28 | €397,765 | €406,422 | +€8,656 | +2.2% |
| Tangible fixed assets | 22/27 | €397,765 | €406,422 | +€8,656 | +2.2% |
| Plant, machinery and equipment | 23 | €202,879 | €199,416 | -€3,463 | -1.7% |
| Furniture and vehicles | 24 | €94 | €0 | -€94 | -100.0% |
| Leasing and similar rights | 25 | €125,063 | €125,438 | +€375 | +0.3% |
| Other tangible fixed assets | 26 | €69,730 | €81,568 | +€11,838 | +17.0% |
| Current assets | 29/58 | €616,815 | €523,763 | -€93,052 | -15.1% |
| Stocks and contracts in progress | 3 | €327,432 | €325,653 | -€1,779 | -0.5% |
| Stocks | 30/36 | €327,432 | €325,653 | -€1,779 | -0.5% |
| Amounts receivable within one year | 40/41 | €60,329 | €73,275 | +€12,945 | +21.5% |
| Trade receivables | 40 | €3,894 | €10,972 | +€7,079 | +181.8% |
| Other amounts receivable | 41 | €56,436 | €62,302 | +€5,867 | +10.4% |
| Cash at bank and in hand | 54/58 | €109,726 | €112,562 | +€2,836 | +2.6% |
| Deferred charges and accrued income | 490/1 | €119,328 | €12,273 | -€107,054 | -89.7% |
| Total equity and liabilities | 10/49 | €1,014,581 | €930,185 | -€84,396 | -8.3% |
| Equity | 10/15 | -€21,047 | -€138,091 | -€117,044 | -556.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,047 | -€238,091 | -€117,044 | -96.7% |
| Amounts payable | 17/49 | €1,035,627 | €1,068,276 | +€32,649 | +3.2% |
| Amounts payable after more than one year | 17 | €350,591 | €238,290 | -€112,300 | -32.0% |
| Financial debts | 170/4 | €350,591 | €238,290 | -€112,300 | -32.0% |
| Amounts payable within one year | 42/48 | €678,830 | €824,411 | +€145,581 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €108,591 | €112,300 | +€3,709 | +3.4% |
| Financial debts | 43 | €14,493 | €20,879 | +€6,386 | +44.1% |
| Credit institutions | 430/8 | €14,493 | €20,879 | +€6,386 | +44.1% |
| Trade debts | 44 | €492,329 | €619,641 | +€127,311 | +25.9% |
| Suppliers | 440/4 | €492,329 | €619,641 | +€127,311 | +25.9% |
| Taxes, remuneration and social security | 45 | €38,233 | €46,584 | +€8,350 | +21.8% |
| Taxes | 450/3 | €2,895 | €4,268 | +€1,374 | +47.5% |
| Remuneration and social security | 454/9 | €35,339 | €42,315 | +€6,977 | +19.7% |
| Other amounts payable | 47/48 | €25,183 | €25,008 | -€175 | -0.7% |
| Accrued charges and deferred income | 492/3 | €6,207 | €5,574 | -€633 | -10.2% |
| Remuneration, social security and pensions | 62 | €229,576 | €335,401 | +€105,825 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,816 | €33,216 | -€13,600 | -29.1% |
| Other operating charges | 640/8 | €1,541 | €3,403 | +€1,862 | +120.9% |
| Non-recurring operating charges | 66A | - | €94 | +€94 | |
| Gross operating margin | 9900 | €324,334 | €287,788 | -€36,545 | -11.3% |
| Operating profit (loss) | 9901 | €46,400 | -€84,325 | -€130,726 | |
| Financial income | 75/76B | €769 | €705 | -€64 | -8.3% |
| Recurring financial income | 75 | €769 | €705 | -€64 | -8.3% |
| Financial charges | 65/66B | €36,420 | €33,424 | -€2,996 | -8.2% |
| Recurring financial charges | 65 | €36,420 | €33,424 | -€2,996 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €10,749 | -€117,044 | -€127,793 | |
| Profit (loss) for the period | 9904 | €10,749 | -€117,044 | -€127,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,749 | -€117,044 | -€127,793 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.