MARX & co: 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.
MARX & co
Largest movements
- Current investments +€19,822
new in 2025: €19,822
- Cash -€11,725
down €11,725 (-63.3%), from €18,522 to €6,797
mainly Current investments (-€19,822) and Net result for the year (-€4,102)
- Receivables within one year +€3,313
up €3,313 (+43.0%), from €7,712 to €11,025
of which Trade receivables: +€10,400
- Trade debts +€7,766
up €7,766 (+149.4%), from €5,199 to €12,965
- Debts after one year +€4,275
up €4,275 (+31.9%), from €13,414 to €17,688
- Profit (loss) carried forward -€4,102
down €4,102 (-347.7%), from -€1,180 to -€5,281
- Current portion of long-term debt +€1,995
up €1,995 (+53.5%), from €3,730 to €5,725
- Tax, wage and social debts +€1,085
up €1,085 (+40.1%), from €2,705 to €3,791
- Gross operating margin +€3,563
up €3,563, from -€3,374 to €189
- Financial charges +€2,721
up €2,721 (+410.1%), from €663 to €3,384
of which Financial charges: +€2,721
- Taxes +€54
up €54 (+11.8%), from €453 to €507
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
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 | €26,802 | €37,944 | +€11,142 | +41.6% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €26,602 | €37,744 | +€11,142 | +41.9% |
| Amounts receivable within one year | 40/41 | €7,712 | €11,025 | +€3,313 | +43.0% |
| Trade receivables | 40 | - | €10,400 | +€10,400 | |
| Other amounts receivable | 41 | €7,712 | €625 | -€7,087 | -91.9% |
| Current investments | 50/53 | - | €19,822 | +€19,822 | |
| Cash at bank and in hand | 54/58 | €18,522 | €6,797 | -€11,725 | -63.3% |
| Deferred charges and accrued income | 490/1 | €368 | €100 | -€268 | -72.8% |
| Total equity and liabilities | 10/49 | €26,802 | €37,944 | +€11,142 | +41.6% |
| Equity | 10/15 | €1,320 | -€2,781 | -€4,102 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,180 | -€5,281 | -€4,102 | -347.7% |
| Amounts payable | 17/49 | €25,481 | €40,726 | +€15,244 | +59.8% |
| Amounts payable after more than one year | 17 | €13,414 | €17,688 | +€4,275 | +31.9% |
| Financial debts | 170/4 | €13,414 | €17,688 | +€4,275 | +31.9% |
| Amounts payable within one year | 42/48 | €11,657 | €22,492 | +€10,835 | +93.0% |
| Current portion of amounts payable after more than one year | 42 | €3,730 | €5,725 | +€1,995 | +53.5% |
| Trade debts | 44 | €5,199 | €12,965 | +€7,766 | +149.4% |
| Suppliers | 440/4 | €5,199 | €12,965 | +€7,766 | +149.4% |
| Taxes, remuneration and social security | 45 | €2,705 | €3,791 | +€1,085 | +40.1% |
| Taxes | 450/3 | €2,705 | €3,791 | +€1,085 | +40.1% |
| Other amounts payable | 47/48 | €23 | €11 | -€12 | -51.3% |
| Accrued charges and deferred income | 492/3 | €411 | €545 | +€134 | +32.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,374 | €189 | +€3,563 | |
| Operating profit (loss) | 9901 | -€3,762 | -€211 | +€3,550 | +94.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €663 | €3,384 | +€2,721 | +410.1% |
| Recurring financial charges | 65 | €663 | €3,384 | +€2,721 | +410.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€4,425 | -€3,595 | +€830 | +18.8% |
| Income taxes | 67/77 | €453 | €507 | +€54 | +11.8% |
| Profit (loss) for the period | 9904 | -€4,878 | -€4,102 | +€776 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,878 | -€4,102 | +€776 | +15.9% |
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 11 October 2026 via checked.be.