MARVICALI: 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.
MARVICALI
Largest movements
- Cash -€93,262
down €93,262 (-80.2%), from €116,279 to €23,017
mainly Other debts (-€114,568) and Contributions, distributions and other (-€55,000)
- Receivables within one year -€35,152
down €35,152 (-47.1%), from €74,697 to €39,545
of which Trade receivables: -€37,010
- Other debts -€114,568
down €114,568 (-69.7%), from €164,461 to €49,893
- Tax, wage and social debts -€13,981
down €13,981 (-55.3%), from €25,294 to €11,313
of which Taxes: -€16,626
- Gross operating margin -€9,277
down €9,277 (-11.3%), from €82,215 to €72,938
- Financial income -€1,359
down €1,359 (-93.5%), from €1,453 to €94
- Taxes -€996
down €996 (-6.4%), from €15,667 to €14,671
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 | €195,109 | €65,689 | -€129,420 | -66.3% |
| Fixed assets | 21/28 | €3,495 | €3,052 | -€443 | -12.7% |
| Tangible fixed assets | 22/27 | €3,495 | €3,052 | -€443 | -12.7% |
| Furniture and vehicles | 24 | €3,495 | €3,052 | -€443 | -12.7% |
| Current assets | 29/58 | €191,614 | €62,636 | -€128,977 | -67.3% |
| Amounts receivable within one year | 40/41 | €74,697 | €39,545 | -€35,152 | -47.1% |
| Trade receivables | 40 | €74,697 | €37,688 | -€37,010 | -49.5% |
| Other amounts receivable | 41 | €0 | €1,857 | +€1,857 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €116,279 | €23,017 | -€93,262 | -80.2% |
| Deferred charges and accrued income | 490/1 | €637 | €75 | -€563 | -88.3% |
| Total equity and liabilities | 10/49 | €195,109 | €65,689 | -€129,420 | -66.3% |
| Equity | 10/15 | €3,000 | €3,559 | +€559 | +18.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €559 | +€559 | |
| Distributable reserves | 133 | - | €559 | +€559 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €192,109 | €62,130 | -€129,979 | -67.7% |
| Amounts payable within one year | 42/48 | €192,109 | €62,130 | -€129,979 | -67.7% |
| Trade debts | 44 | €2,353 | €924 | -€1,429 | -60.7% |
| Suppliers | 440/4 | €2,353 | €924 | -€1,429 | -60.7% |
| Taxes, remuneration and social security | 45 | €25,294 | €11,313 | -€13,981 | -55.3% |
| Taxes | 450/3 | €25,294 | €8,668 | -€16,626 | -65.7% |
| Remuneration and social security | 454/9 | - | €2,645 | +€2,645 | |
| Other amounts payable | 47/48 | €164,461 | €49,893 | -€114,568 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €2,210 | +€510 | +30.0% |
| Other operating charges | 640/8 | €942 | €529 | -€413 | -43.8% |
| Gross operating margin | 9900 | €82,215 | €72,938 | -€9,277 | -11.3% |
| Operating profit (loss) | 9901 | €79,573 | €70,200 | -€9,374 | -11.8% |
| Financial income | 75/76B | €1,453 | €94 | -€1,359 | -93.5% |
| Recurring financial income | 75 | €1,453 | €94 | -€1,359 | -93.5% |
| Financial charges | 65/66B | €143 | €64 | -€79 | -55.3% |
| Recurring financial charges | 65 | €143 | €64 | -€79 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €80,883 | €70,230 | -€10,653 | -13.2% |
| Income taxes | 67/77 | €15,667 | €14,671 | -€996 | -6.4% |
| Profit (loss) for the period | 9904 | €65,216 | €55,559 | -€9,657 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,216 | €55,559 | -€9,657 | -14.8% |
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 27 October 2026 via checked.be.