MARVIC CONSULT: 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.
MARVIC CONSULT
Largest movements
- Cash +€45,030
up €45,030 (+20.4%), from €220,560 to €265,590
mainly Net result for the year (+€54,071) and Depreciation (+€28,690)
- Tangible fixed assets -€28,690
down €28,690 (-8.1%), from €356,106 to €327,417
of which Furniture and vehicles: -€18,786
- Reserves +€54,071
up €54,071 (+17.0%), from €317,592 to €371,664
of which Distributable reserves: +€54,071
- Debts after one year -€35,920
down €35,920 (-16.8%), from €213,312 to €177,392
- Gross operating margin +€19,323
up €19,323 (+21.0%), from €92,188 to €111,511
- Taxes +€5,478
up €5,478 (+31.8%), from €17,202 to €22,681
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 | €601,117 | €620,135 | +€19,018 | +3.2% |
| Fixed assets | 21/28 | €356,106 | €327,417 | -€28,690 | -8.1% |
| Tangible fixed assets | 22/27 | €356,106 | €327,417 | -€28,690 | -8.1% |
| Land and buildings | 22 | €306,011 | €296,107 | -€9,904 | -3.2% |
| Furniture and vehicles | 24 | €50,095 | €31,309 | -€18,786 | -37.5% |
| Current assets | 29/58 | €245,010 | €292,718 | +€47,708 | +19.5% |
| Amounts receivable within one year | 40/41 | €23,595 | €26,234 | +€2,639 | +11.2% |
| Trade receivables | 40 | €23,595 | €26,234 | +€2,639 | +11.2% |
| Cash at bank and in hand | 54/58 | €220,560 | €265,590 | +€45,030 | +20.4% |
| Deferred charges and accrued income | 490/1 | €856 | €894 | +€39 | +4.5% |
| Total equity and liabilities | 10/49 | €601,117 | €620,135 | +€19,018 | +3.2% |
| Equity | 10/15 | €344,710 | €398,781 | +€54,071 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317,592 | €371,664 | +€54,071 | +17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €315,732 | €369,804 | +€54,071 | +17.1% |
| Profit (loss) carried forward | 14 | €8,518 | €8,518 | = | 0.0% |
| Amounts payable | 17/49 | €256,407 | €221,353 | -€35,053 | -13.7% |
| Amounts payable after more than one year | 17 | €213,312 | €177,392 | -€35,920 | -16.8% |
| Financial debts | 170/4 | €213,312 | €177,392 | -€35,920 | -16.8% |
| Amounts payable within one year | 42/48 | €43,094 | €43,961 | +€867 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €35,454 | €35,920 | +€467 | +1.3% |
| Trade debts | 44 | - | €2,267 | +€2,267 | |
| Suppliers | 440/4 | - | €2,267 | +€2,267 | |
| Taxes, remuneration and social security | 45 | €7,615 | €5,748 | -€1,867 | -24.5% |
| Taxes | 450/3 | €7,615 | €5,748 | -€1,867 | -24.5% |
| Other amounts payable | 47/48 | €26 | €26 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,690 | €28,690 | = | 0.0% |
| Other operating charges | 640/8 | €2,825 | €3,258 | +€433 | +15.3% |
| Gross operating margin | 9900 | €92,188 | €111,511 | +€19,323 | +21.0% |
| Operating profit (loss) | 9901 | €60,673 | €79,563 | +€18,890 | +31.1% |
| Financial income | 75/76B | €936 | €1,204 | +€268 | +28.7% |
| Recurring financial income | 75 | €936 | €1,204 | +€268 | +28.7% |
| Financial charges | 65/66B | €5,068 | €4,015 | -€1,053 | -20.8% |
| Recurring financial charges | 65 | €5,068 | €4,015 | -€1,053 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €56,541 | €76,752 | +€20,211 | +35.7% |
| Income taxes | 67/77 | €17,202 | €22,681 | +€5,478 | +31.8% |
| Profit (loss) for the period | 9904 | €39,339 | €54,071 | +€14,733 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,339 | €54,071 | +€14,733 | +37.5% |
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 25 October 2026 via checked.be.