MARVELIUS: 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.
MARVELIUS
Largest movements
- Cash -€12,894
down €12,894 (-85.3%), from €15,110 to €2,215
mainly Net result for the year (-€25,346) and Other debts (-€10,037)
- Receivables within one year -€4,501
down €4,501 (-8.6%), from €52,603 to €48,102
of which Trade receivables: -€33,531
- Profit (loss) carried forward -€25,346
down €25,346, from €2,572 to -€22,774
- Trade debts +€17,014
up €17,014 (+697.3%), from €2,440 to €19,454
- Other debts -€10,037
down €10,037 (-34.6%), from €29,037 to €19,000
- Tax, wage and social debts +€974
up €974 (+3.4%), from €28,664 to €29,638
- Gross operating margin -€74,728
down €74,728, from €49,994 to -€24,733
- Taxes -€10,038
no longer reported in 2025 (was €10,038)
- Financial charges +€515
up €515 (+524.6%), from €98 to €613
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 | €67,713 | €50,317 | -€17,396 | -25.7% |
| Current assets | 29/58 | €67,713 | €50,317 | -€17,396 | -25.7% |
| Amounts receivable within one year | 40/41 | €52,603 | €48,102 | -€4,501 | -8.6% |
| Trade receivables | 40 | €52,077 | €18,546 | -€33,531 | -64.4% |
| Other amounts receivable | 41 | €526 | €29,555 | +€29,029 | +5518.4% |
| Cash at bank and in hand | 54/58 | €15,110 | €2,215 | -€12,894 | -85.3% |
| Total equity and liabilities | 10/49 | €67,713 | €50,317 | -€17,396 | -25.7% |
| Equity | 10/15 | €7,572 | -€17,774 | -€25,346 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,572 | -€22,774 | -€25,346 | |
| Amounts payable | 17/49 | €60,140 | €68,091 | +€7,951 | +13.2% |
| Amounts payable within one year | 42/48 | €60,140 | €68,091 | +€7,951 | +13.2% |
| Trade debts | 44 | €2,440 | €19,454 | +€17,014 | +697.3% |
| Suppliers | 440/4 | €2,440 | €19,454 | +€17,014 | +697.3% |
| Taxes, remuneration and social security | 45 | €28,664 | €29,638 | +€974 | +3.4% |
| Taxes | 450/3 | €28,664 | €29,638 | +€974 | +3.4% |
| Other amounts payable | 47/48 | €29,037 | €19,000 | -€10,037 | -34.6% |
| Gross operating margin | 9900 | €49,994 | -€24,733 | -€74,728 | |
| Operating profit (loss) | 9901 | €49,994 | -€24,733 | -€74,728 | |
| Financial charges | 65/66B | €98 | €613 | +€515 | +524.6% |
| Recurring financial charges | 65 | €98 | €613 | +€515 | +524.6% |
| Profit (loss) for the period before taxes | 9903 | €49,896 | -€25,346 | -€75,242 | |
| Income taxes | 67/77 | €10,038 | - | -€10,038 | |
| Profit (loss) for the period | 9904 | €39,858 | -€25,346 | -€65,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,858 | -€25,346 | -€65,204 |
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 6 October 2026 via checked.be.