Marvelous: 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.
Marvelous
Largest movements
- Cash +€27,186
up €27,186 (+34.6%), from €78,650 to €105,836
mainly Other debts (+€92,900) and Net result for the year (+€48,148)
- Receivables within one year +€19,517
up €19,517 (+67.2%), from €29,038 to €48,556
of which Trade receivables: +€20,211
- Tangible fixed assets -€2,466
down €2,466 (-24.0%), from €10,268 to €7,803
- Deferred charges and accrued income -€1,918
down €1,918 (-98.1%), from €1,955 to €37
- Other debts +€92,900
up €92,900 (+6259.1%), from €1,484 to €94,385
- Reserves -€45,995
down €45,995 (-48.9%), from €94,144 to €48,148
- Tax, wage and social debts -€4,658
down €4,658 (-47.5%), from €9,810 to €5,152
- Gross operating margin +€13,167
up €13,167 (+25.4%), from €51,747 to €64,913
- Taxes +€2,509
up €2,509 (+24.6%), from €10,185 to €12,694
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 | €119,912 | €162,232 | +€42,320 | +35.3% |
| Fixed assets | 21/28 | €10,268 | €7,803 | -€2,466 | -24.0% |
| Tangible fixed assets | 22/27 | €10,268 | €7,803 | -€2,466 | -24.0% |
| Plant, machinery and equipment | 23 | €1,712 | €1,225 | -€487 | -28.4% |
| Furniture and vehicles | 24 | €1,534 | €577 | -€956 | -62.4% |
| Other tangible fixed assets | 26 | €7,023 | €6,000 | -€1,023 | -14.6% |
| Current assets | 29/58 | €109,644 | €154,429 | +€44,785 | +40.8% |
| Amounts receivable within one year | 40/41 | €29,038 | €48,556 | +€19,517 | +67.2% |
| Trade receivables | 40 | €24,511 | €44,722 | +€20,211 | +82.5% |
| Other amounts receivable | 41 | €4,528 | €3,834 | -€694 | -15.3% |
| Cash at bank and in hand | 54/58 | €78,650 | €105,836 | +€27,186 | +34.6% |
| Deferred charges and accrued income | 490/1 | €1,955 | €37 | -€1,918 | -98.1% |
| Total equity and liabilities | 10/49 | €119,912 | €162,232 | +€42,320 | +35.3% |
| Equity | 10/15 | €107,644 | €61,648 | -€45,995 | -42.7% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €94,144 | €48,148 | -€45,995 | -48.9% |
| Distributable reserves | 133 | €94,144 | €48,148 | -€45,995 | -48.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,269 | €100,584 | +€88,315 | +719.8% |
| Amounts payable within one year | 42/48 | €12,269 | €100,584 | +€88,315 | +719.8% |
| Trade debts | 44 | €975 | €1,047 | +€72 | +7.4% |
| Suppliers | 440/4 | €975 | €1,047 | +€72 | +7.4% |
| Taxes, remuneration and social security | 45 | €9,810 | €5,152 | -€4,658 | -47.5% |
| Taxes | 450/3 | €9,810 | €5,152 | -€4,658 | -47.5% |
| Other amounts payable | 47/48 | €1,484 | €94,385 | +€92,900 | +6259.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €2,466 | +€111 | +4.7% |
| Other operating charges | 640/8 | €373 | €251 | -€123 | -32.9% |
| Gross operating margin | 9900 | €51,747 | €64,913 | +€13,167 | +25.4% |
| Operating profit (loss) | 9901 | €49,019 | €62,197 | +€13,178 | +26.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,712 | €1,355 | -€357 | -20.9% |
| Recurring financial charges | 65 | €1,712 | €1,355 | -€357 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €47,307 | €60,842 | +€13,536 | +28.6% |
| Income taxes | 67/77 | €10,185 | €12,694 | +€2,509 | +24.6% |
| Profit (loss) for the period | 9904 | €37,122 | €48,148 | +€11,026 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,122 | €48,148 | +€11,026 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.