MARVEST FACTORY: 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.
MARVEST FACTORY
Largest movements
- Financial fixed assets -€228,832
no longer reported in 2025 (was €228,832)
- Cash +€32,000
up €32,000 (+163%), from €19,612 to €51,612
mainly Investment in fixed assets (net) (+€228,833) and Receivables within one year (+€7,941)
- Receivables within one year -€7,941
down €7,941 (-70.0%), from €11,344 to €3,403
- Tangible fixed assets -€3,522
down €3,522 (-27.6%), from €12,738 to €9,216
of which Other tangible fixed assets: -€1,988
- Profit (loss) carried forward -€208,933
down €208,933 (-6,637%), from -€3,148 to -€212,081
- Financial charges +€201,944
up €201,944 (+288,491%), from €70 to €202,014
of which Non-recurring financial charges: +€201,930
- Financial income -€11,636
down €11,636 (-99.2%), from €11,727 to €91
- Gross operating margin -€425
down €425 (-15.3%), from -€2,771 to -€3,196
- Other operating charges +€266
new in 2025: €266
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.
Derived cash bridge
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 | €272,789 | €64,232 | -€208,557 | -76.5% |
| Fixed assets | 21/28 | €241,570 | €9,216 | -€232,354 | -96.2% |
| Tangible fixed assets | 22/27 | €12,738 | €9,216 | -€3,522 | -27.6% |
| Furniture and vehicles | 24 | €2,219 | €685 | -€1,534 | -69.1% |
| Other tangible fixed assets | 26 | €10,519 | €8,531 | -€1,988 | -18.9% |
| Financial fixed assets | 28 | €228,832 | - | -€228,832 | |
| Current assets | 29/58 | €31,219 | €55,016 | +€23,797 | +76.2% |
| Amounts receivable within one year | 40/41 | €11,344 | €3,403 | -€7,941 | -70.0% |
| Other amounts receivable | 41 | €11,344 | €3,403 | -€7,941 | -70.0% |
| Cash at bank and in hand | 54/58 | €19,612 | €51,612 | +€32,000 | +163% |
| Deferred charges and accrued income | 490/1 | €263 | €1 | -€262 | -99.6% |
| Total equity and liabilities | 10/49 | €272,789 | €64,232 | -€208,557 | -76.5% |
| Equity | 10/15 | €271,852 | €62,919 | -€208,933 | -76.9% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,148 | -€212,081 | -€208,933 | -6,637% |
| Amounts payable | 17/49 | €937 | €1,313 | +€376 | +40.1% |
| Amounts payable within one year | 42/48 | €127 | €145 | +€18 | +14.2% |
| Trade debts | 44 | €127 | €145 | +€18 | +14.2% |
| Suppliers | 440/4 | €127 | €145 | +€18 | +14.2% |
| Accrued charges and deferred income | 492/3 | €810 | €1,168 | +€358 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,521 | €3,521 | = | 0.0% |
| Other operating charges | 640/8 | - | €266 | +€266 | |
| Gross operating margin | 9900 | -€2,771 | -€3,196 | -€425 | -15.3% |
| Operating profit (loss) | 9901 | -€6,292 | -€6,983 | -€691 | -11.0% |
| Financial income | 75/76B | €11,727 | €91 | -€11,636 | -99.2% |
| Recurring financial income | 75 | €11,727 | €91 | -€11,636 | -99.2% |
| Financial charges | 65/66B | €70 | €202,014 | +€201,944 | +288,491% |
| Recurring financial charges | 65 | €70 | €84 | +€14 | +20.0% |
| Non-recurring financial charges | 66B | - | €201,930 | +€201,930 | |
| Profit (loss) for the period before taxes | 9903 | €5,365 | -€208,906 | -€214,271 | |
| Income taxes | 67/77 | - | €27 | +€27 | |
| Profit (loss) for the period | 9904 | €5,365 | -€208,933 | -€214,298 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,365 | -€208,933 | -€214,298 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.