NEW MARBEL: what changed
NEW MARBEL
Largest movements
- Cash +€336,068
up €336,068 (+6,353%), from €5,290 to €341,358
mainly Trade debts (+€339,285) and Net result for the year (+€142,194)
- Stocks and contracts +€66,878
up €66,878 (+122%), from €54,850 to €121,728
- Receivables within one year +€42,854
up €42,854 (+150%), from €28,601 to €71,455
of which Trade receivables: +€42,854
- Tangible fixed assets +€6,594
up €6,594 (+1,648%), from €400 to €6,994
of which Furniture and vehicles: +€6,594
- Trade debts +€339,285
up €339,285 (+9,765%), from €3,475 to €342,760
- Profit (loss) carried forward +€142,194
up €142,194, from -€13,059 to €129,135
- Other debts -€31,867
down €31,867 (-80.9%), from €39,387 to €7,520
- Turnover +€1.8m
up €1.8m (+924%), from €193,511 to €2.0m
- Purchases and services +€1.6m
up €1.6m (+974%), from €162,016 to €1.7m
- Gross operating margin +€205,589
up €205,589 (+576%), from €35,706 to €241,295
- Staff costs +€56,207
up €56,207 (+158%), from €35,544 to €91,750
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,638 | €545,032 | +€452,394 | +488% |
| Fixed assets | 21/28 | €3,897 | €10,490 | +€6,594 | +169% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €400 | €6,994 | +€6,594 | +1,648% |
| Plant, machinery and equipment | 23 | €4 | €4 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €6,594 | +€6,594 | |
| Other tangible fixed assets | 26 | €396 | €396 | = | 0.0% |
| Financial fixed assets | 28 | €3,497 | €3,497 | = | 0.0% |
| Current assets | 29/58 | €88,742 | €534,541 | +€445,800 | +502% |
| Stocks and contracts in progress | 3 | €54,850 | €121,728 | +€66,878 | +122% |
| Stocks | 30/36 | €54,850 | €121,728 | +€66,878 | +122% |
| Amounts receivable within one year | 40/41 | €28,601 | €71,455 | +€42,854 | +150% |
| Trade receivables | 40 | €28,601 | €71,455 | +€42,854 | +150% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €5,290 | €341,358 | +€336,068 | +6,353% |
| Total equity and liabilities | 10/49 | €92,638 | €545,032 | +€452,394 | +488% |
| Equity | 10/15 | €41,478 | €183,671 | +€142,194 | +343% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,059 | €129,135 | +€142,194 | |
| Amounts payable | 17/49 | €51,161 | €361,360 | +€310,200 | +606% |
| Amounts payable within one year | 42/48 | €51,161 | €361,360 | +€310,200 | +606% |
| Trade debts | 44 | €3,475 | €342,760 | +€339,285 | +9,765% |
| Suppliers | 440/4 | €3,475 | €342,760 | +€339,285 | +9,765% |
| Taxes, remuneration and social security | 45 | €8,299 | €11,081 | +€2,781 | +33.5% |
| Taxes | 450/3 | €3,743 | €2,601 | -€1,142 | -30.5% |
| Remuneration and social security | 454/9 | €4,557 | €8,480 | +€3,923 | +86.1% |
| Other amounts payable | 47/48 | €39,387 | €7,520 | -€31,867 | -80.9% |
| Turnover | 70 | €193,511 | €1,981,480 | +€1.8m | +924% |
| Goods, raw materials, services and sundry goods | 60/61 | €162,016 | €1,740,185 | +€1.6m | +974% |
| Remuneration, social security and pensions | 62 | €35,544 | €91,750 | +€56,207 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €45 | -€182 | -80.2% |
| Other operating charges | 640/8 | €235 | €2,221 | +€1,987 | +846% |
| Gross operating margin | 9900 | €35,706 | €241,295 | +€205,589 | +576% |
| Operating profit (loss) | 9901 | -€300 | €147,278 | +€147,578 | |
| Financial charges | 65/66B | €897 | €5,084 | +€4,187 | +467% |
| Recurring financial charges | 65 | €897 | €5,084 | +€4,187 | +467% |
| Profit (loss) for the period before taxes | 9903 | -€1,197 | €142,194 | +€143,391 | |
| Income taxes | 67/77 | €1,440 | - | -€1,440 | |
| Profit (loss) for the period | 9904 | -€2,637 | €142,194 | +€144,831 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,637 | €142,194 | +€144,831 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.