MARWALINA: 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.
MARWALINA
Largest movements
- Cash +€15,025
up €15,025 (+257%), from €5,854 to €20,879
mainly Trade debts (+€18,235) and Net result for the year (+€5,720)
- Tangible fixed assets +€4,662
up €4,662 (+42.3%), from €11,013 to €15,675
of which Furniture and vehicles: +€5,025
- Receivables within one year -€3,960
down €3,960 (-7.0%), from €56,407 to €52,447
of which Trade receivables: -€2,894
- Trade debts +€18,235
up €18,235 (+53.3%), from €34,203 to €52,438
- Advances received -€10,400
no longer reported in 2024 (was €10,400)
- Profit (loss) carried forward +€5,720
up €5,720 (+21.9%), from €26,116 to €31,835
- Tax, wage and social debts +€1,707
up €1,707 (+81.8%), from €2,086 to €3,793
of which Taxes: +€2,207
- Gross operating margin +€1,248
up €1,248 (+10.9%), from €11,475 to €12,723
- Depreciation +€815
up €815 (+23.1%), from €3,523 to €4,338
- Taxes +€776
up €776 (+107%), from €724 to €1,500
- Other operating charges -€730
down €730 (-62.7%), from €1,164 to €434
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.
Derived cash bridge
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 | €73,323 | €89,050 | +€15,727 | +21.4% |
| Fixed assets | 21/28 | €11,013 | €15,675 | +€4,662 | +42.3% |
| Tangible fixed assets | 22/27 | €11,013 | €15,675 | +€4,662 | +42.3% |
| Plant, machinery and equipment | 23 | €1,788 | €1,425 | -€363 | -20.3% |
| Furniture and vehicles | 24 | €9,224 | €14,249 | +€5,025 | +54.5% |
| Current assets | 29/58 | €62,311 | €73,376 | +€11,065 | +17.8% |
| Stocks and contracts in progress | 3 | €50 | €50 | = | 0.0% |
| Stocks | 30/36 | €50 | €50 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,407 | €52,447 | -€3,960 | -7.0% |
| Trade receivables | 40 | €54,744 | €51,850 | -€2,894 | -5.3% |
| Other amounts receivable | 41 | €1,663 | €596 | -€1,066 | -64.1% |
| Cash at bank and in hand | 54/58 | €5,854 | €20,879 | +€15,025 | +257% |
| Total equity and liabilities | 10/49 | €73,323 | €89,050 | +€15,727 | +21.4% |
| Equity | 10/15 | €26,616 | €32,335 | +€5,720 | +21.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,116 | €31,835 | +€5,720 | +21.9% |
| Amounts payable | 17/49 | €46,708 | €56,715 | +€10,007 | +21.4% |
| Amounts payable within one year | 42/48 | €46,708 | €56,715 | +€10,007 | +21.4% |
| Trade debts | 44 | €34,203 | €52,438 | +€18,235 | +53.3% |
| Suppliers | 440/4 | €34,203 | €52,438 | +€18,235 | +53.3% |
| Advances received on contracts in progress | 46 | €10,400 | - | -€10,400 | |
| Taxes, remuneration and social security | 45 | €2,086 | €3,793 | +€1,707 | +81.8% |
| Taxes | 450/3 | €1,513 | €3,720 | +€2,207 | +146% |
| Remuneration and social security | 454/9 | €573 | €73 | -€500 | -87.2% |
| Other amounts payable | 47/48 | €19 | €484 | +€465 | +2,492% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,523 | €4,338 | +€815 | +23.1% |
| Other operating charges | 640/8 | €1,164 | €434 | -€730 | -62.7% |
| Gross operating margin | 9900 | €11,475 | €12,723 | +€1,248 | +10.9% |
| Operating profit (loss) | 9901 | €6,788 | €7,951 | +€1,162 | +17.1% |
| Financial income | 75/76B | €7 | €1 | -€6 | -87.7% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -87.7% |
| Financial charges | 65/66B | €763 | €731 | -€32 | -4.1% |
| Recurring financial charges | 65 | €763 | €731 | -€32 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €6,032 | €7,220 | +€1,188 | +19.7% |
| Income taxes | 67/77 | €724 | €1,500 | +€776 | +107% |
| Profit (loss) for the period | 9904 | €5,308 | €5,720 | +€412 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,308 | €5,720 | +€412 | +7.8% |
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 22 October 2026 via checked.be.