MARWA: 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.
MARWA
Largest movements
- Receivables within one year -€9,344
down €9,344 (-25.8%), from €36,177 to €26,833
of which Other amounts receivable: -€6,784
- Cash -€3,338
down €3,338 (-36.6%), from €9,119 to €5,781
mainly Short-term financial debts (-€6,267) and Net result for the year (-€6,221)
- Short-term financial debts -€6,267
no longer reported in 2024 (was €6,267)
- Profit (loss) carried forward -€6,221
down €6,221 (-34.1%), from €18,235 to €12,014
- Tax, wage and social debts -€1,100
no longer reported in 2024 (was €1,100)
- Trade debts +€907
new in 2024: €907
- Purchases and services +€36,522
new in 2024: €36,522
- Turnover +€35,795
new in 2024: €35,795
- Gross operating margin -€4,327
down €4,327, from €3,600 to -€727
- Financial income +€832
new in 2024: €832
of which Financial income: +€832
- Other operating charges +€603
up €603 (+604.8%), from €100 to €703
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,064 | €33,383 | -€12,681 | -27.5% |
| Fixed assets | 21/28 | €769 | €769 | = | 0.0% |
| Tangible fixed assets | 22/27 | €719 | €719 | = | 0.0% |
| Furniture and vehicles | 24 | €719 | €719 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €45,295 | €32,614 | -€12,681 | -28.0% |
| Amounts receivable within one year | 40/41 | €36,177 | €26,833 | -€9,344 | -25.8% |
| Trade receivables | 40 | €9,791 | €7,232 | -€2,560 | -26.1% |
| Other amounts receivable | 41 | €26,385 | €19,601 | -€6,784 | -25.7% |
| Cash at bank and in hand | 54/58 | €9,119 | €5,781 | -€3,338 | -36.6% |
| Total equity and liabilities | 10/49 | €46,064 | €33,383 | -€12,681 | -27.5% |
| Equity | 10/15 | €38,697 | €32,476 | -€6,221 | -16.1% |
| Contributions | 10/11 | €18,602 | €18,602 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €18,235 | €12,014 | -€6,221 | -34.1% |
| Amounts payable | 17/49 | €7,367 | €907 | -€6,460 | -87.7% |
| Amounts payable within one year | 42/48 | €7,367 | €907 | -€6,460 | -87.7% |
| Financial debts | 43 | €6,267 | - | -€6,267 | |
| Credit institutions | 430/8 | €6,267 | - | -€6,267 | |
| Trade debts | 44 | - | €907 | +€907 | |
| Suppliers | 440/4 | - | €907 | +€907 | |
| Taxes, remuneration and social security | 45 | €1,100 | - | -€1,100 | |
| Remuneration and social security | 454/9 | €1,100 | - | -€1,100 | |
| Turnover | 70 | - | €35,795 | +€35,795 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €36,522 | +€36,522 | |
| Other operating charges | 640/8 | €100 | €703 | +€603 | +604.8% |
| Gross operating margin | 9900 | €3,600 | -€727 | -€4,327 | |
| Operating profit (loss) | 9901 | €3,500 | -€1,429 | -€4,930 | |
| Financial income | 75/76B | - | €832 | +€832 | |
| Recurring financial income | 75 | - | €832 | +€832 | |
| Non-recurring financial income | 76B | - | €832 | +€832 | |
| Financial charges | 65/66B | €181 | €125 | -€56 | -30.8% |
| Recurring financial charges | 65 | €181 | €125 | -€56 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €3,320 | -€722 | -€4,042 | |
| Income taxes | 67/77 | €5,122 | €5,499 | +€377 | +7.4% |
| Profit (loss) for the period | 9904 | -€1,802 | -€6,221 | -€4,419 | -245.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,802 | -€6,221 | -€4,419 | -245.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.