MARVEL-LAB: 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.
MARVEL-LAB
Largest movements
- Deferred charges and accrued income +€63,444
up €63,444 (+2254.9%), from €2,814 to €66,257
- Current investments +€36,139
up €36,139 (+240.9%), from €15,000 to €51,139
- Cash +€15,155
up €15,155 (+34.5%), from €43,936 to €59,090
mainly Net result for the year (+€100,566) and Tax, wage and social debts (+€9,535)
- Profit (loss) carried forward +€100,566
new in 2025: €100,566
- Tax, wage and social debts +€9,535
up €9,535 (+63.9%), from €14,916 to €24,451
of which Taxes: +€9,535
- Other debts +€5,720
up €5,720 (+2341.9%), from €244 to €5,964
- Gross operating margin +€69,636
up €69,636 (+113.8%), from €61,194 to €130,829
- Taxes +€11,869
up €11,869 (+70.2%), from €16,916 to €28,785
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 | €61,749 | €177,479 | +€115,729 | +187.4% |
| Fixed assets | 21/28 | - | €991 | +€991 | |
| Tangible fixed assets | 22/27 | - | €991 | +€991 | |
| Furniture and vehicles | 24 | - | €991 | +€991 | |
| Current assets | 29/58 | €61,749 | €176,487 | +€114,738 | +185.8% |
| Current investments | 50/53 | €15,000 | €51,139 | +€36,139 | +240.9% |
| Cash at bank and in hand | 54/58 | €43,936 | €59,090 | +€15,155 | +34.5% |
| Deferred charges and accrued income | 490/1 | €2,814 | €66,257 | +€63,444 | +2254.9% |
| Total equity and liabilities | 10/49 | €61,749 | €177,479 | +€115,729 | +187.4% |
| Equity | 10/15 | €45,829 | €146,394 | +€100,566 | +219.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,829 | €43,829 | = | 0.0% |
| Distributable reserves | 133 | €43,829 | €43,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €100,566 | +€100,566 | |
| Amounts payable | 17/49 | €15,920 | €31,084 | +€15,164 | +95.2% |
| Amounts payable within one year | 42/48 | €15,911 | €30,855 | +€14,944 | +93.9% |
| Trade debts | 44 | €750 | €440 | -€310 | -41.4% |
| Suppliers | 440/4 | €750 | €440 | -€310 | -41.4% |
| Taxes, remuneration and social security | 45 | €14,916 | €24,451 | +€9,535 | +63.9% |
| Taxes | 450/3 | €11,916 | €21,451 | +€9,535 | +80.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €244 | €5,964 | +€5,720 | +2341.9% |
| Accrued charges and deferred income | 492/3 | €10 | €230 | +€220 | +2244.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €18 | +€18 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €61,194 | €130,829 | +€69,636 | +113.8% |
| Operating profit (loss) | 9901 | €60,807 | €130,412 | +€69,606 | +114.5% |
| Financial income | 75/76B | - | €140 | +€140 | |
| Recurring financial income | 75 | - | €140 | +€140 | |
| Financial charges | 65/66B | €62 | €1,202 | +€1,140 | +1845.1% |
| Recurring financial charges | 65 | €62 | €1,202 | +€1,140 | +1845.1% |
| Profit (loss) for the period before taxes | 9903 | €60,745 | €129,350 | +€68,605 | +112.9% |
| Income taxes | 67/77 | €16,916 | €28,785 | +€11,869 | +70.2% |
| Profit (loss) for the period | 9904 | €43,829 | €100,566 | +€56,737 | +129.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,829 | €100,566 | +€56,737 | +129.5% |
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 4 October 2026 via checked.be.