Marvin Vegan: 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.
Marvin Vegan
Largest movements
- Intangible fixed assets -€2,750
down €2,750 (-17.8%), from €15,415 to €12,665
- Tangible fixed assets -€2,149
down €2,149 (-17.4%), from €12,346 to €10,197
- Receivables within one year +€1,431
up €1,431 (+48.1%), from €2,975 to €4,405
of which Trade receivables: +€1,431
- Profit (loss) carried forward -€12,555
down €12,555 (-9.0%), from -€139,443 to -€151,999
- Other debts +€5,729
up €5,729 (+3.7%), from €155,179 to €160,909
- Trade debts +€3,358
new in 2025: €3,358
- Gross operating margin +€4,835
up €4,835 (+75.0%), from -€6,446 to -€1,611
- Other operating charges -€1,563
down €1,563 (-75.1%), from €2,083 to €520
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,736 | €27,267 | -€3,468 | -11.3% |
| Fixed assets | 21/28 | €27,761 | €22,862 | -€4,899 | -17.6% |
| Intangible fixed assets | 21 | €15,415 | €12,665 | -€2,750 | -17.8% |
| Tangible fixed assets | 22/27 | €12,346 | €10,197 | -€2,149 | -17.4% |
| Plant, machinery and equipment | 23 | €12,346 | €10,197 | -€2,149 | -17.4% |
| Current assets | 29/58 | €2,975 | €4,405 | +€1,431 | +48.1% |
| Amounts receivable within one year | 40/41 | €2,975 | €4,405 | +€1,431 | +48.1% |
| Trade receivables | 40 | - | €1,431 | +€1,431 | |
| Other amounts receivable | 41 | €2,975 | €2,975 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €30,736 | €27,267 | -€3,468 | -11.3% |
| Equity | 10/15 | -€124,443 | -€136,999 | -€12,555 | -10.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,443 | -€151,999 | -€12,555 | -9.0% |
| Amounts payable | 17/49 | €155,179 | €164,266 | +€9,087 | +5.9% |
| Amounts payable within one year | 42/48 | €155,179 | €164,266 | +€9,087 | +5.9% |
| Trade debts | 44 | - | €3,358 | +€3,358 | |
| Suppliers | 440/4 | - | €3,358 | +€3,358 | |
| Other amounts payable | 47/48 | €155,179 | €160,909 | +€5,729 | +3.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,899 | €4,899 | = | 0.0% |
| Other operating charges | 640/8 | €2,083 | €520 | -€1,563 | -75.1% |
| Gross operating margin | 9900 | -€6,446 | -€1,611 | +€4,835 | +75.0% |
| Operating profit (loss) | 9901 | -€13,428 | -€7,030 | +€6,399 | +47.6% |
| Financial charges | 65/66B | €5,572 | €5,525 | -€46 | -0.8% |
| Recurring financial charges | 65 | €5,572 | €5,525 | -€46 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,000 | -€12,555 | +€6,445 | +33.9% |
| Profit (loss) for the period | 9904 | -€19,000 | -€12,555 | +€6,445 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,000 | -€12,555 | +€6,445 | +33.9% |
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 10 October 2026 via checked.be.