SPRL MARCIN: what changed
Two fiscal 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.
SPRL MARCIN
Largest movements
- Stocks and contracts +€11,057
up €11,057 (+145.6%), from €7,594 to €18,651
- Cash +€10,238
up €10,238 (+61.3%), from €16,704 to €26,942
mainly Net result for the year (+€46,330) and Tax, wage and social debts (+€4,369)
- Financial fixed assets +€5,130
up €5,130 (+253.3%), from €2,025 to €7,155
- Tangible fixed assets +€3,174
up €3,174 (+39.2%), from €8,107 to €11,281
of which Other tangible fixed assets: +€6,975
- Reserves +€46,000
up €46,000 (+67.9%), from €67,712 to €113,712
- Trade debts -€11,750
down €11,750 (-73.4%), from €16,002 to €4,252
- Other debts -€8,567
down €8,567 (-50.9%), from €16,831 to €8,264
- Tax, wage and social debts +€4,369
up €4,369 (+24.0%), from €18,172 to €22,541
of which Remuneration and social security: +€7,285
- Purchases and services +€24,183
up €24,183 (+14.4%), from €167,909 to €192,092
- Turnover +€20,923
up €20,923 (+8.8%), from €237,225 to €258,148
- Taxes -€3,858
down €3,858 (-17.9%), from €21,543 to €17,685
- Gross operating margin -€3,260
down €3,260 (-4.7%), from €69,316 to €66,056
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 | €233,646 | €265,794 | +€32,148 | +13.8% |
| Fixed assets | 21/28 | €10,132 | €18,436 | +€8,304 | +82.0% |
| Tangible fixed assets | 22/27 | €8,107 | €11,281 | +€3,174 | +39.2% |
| Plant, machinery and equipment | 23 | €219 | €79 | -€140 | -63.9% |
| Furniture and vehicles | 24 | €4,062 | €401 | -€3,661 | -90.1% |
| Other tangible fixed assets | 26 | €3,826 | €10,801 | +€6,975 | +182.3% |
| Financial fixed assets | 28 | €2,025 | €7,155 | +€5,130 | +253.3% |
| Current assets | 29/58 | €223,514 | €247,358 | +€23,844 | +10.7% |
| Stocks and contracts in progress | 3 | €7,594 | €18,651 | +€11,057 | +145.6% |
| Stocks | 30/36 | €7,594 | €18,651 | +€11,057 | +145.6% |
| Amounts receivable within one year | 40/41 | €196,304 | €197,799 | +€1,495 | +0.8% |
| Trade receivables | 40 | €195,081 | €169,836 | -€25,245 | -12.9% |
| Other amounts receivable | 41 | €1,223 | €27,963 | +€26,740 | +2186.4% |
| Cash at bank and in hand | 54/58 | €16,704 | €26,942 | +€10,238 | +61.3% |
| Deferred charges and accrued income | 490/1 | €2,912 | €3,966 | +€1,054 | +36.2% |
| Total equity and liabilities | 10/49 | €233,646 | €265,794 | +€32,148 | +13.8% |
| Equity | 10/15 | €182,641 | €228,971 | +€46,330 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,712 | €113,712 | +€46,000 | +67.9% |
| Non-distributable reserves | 130/1 | €67,712 | €113,712 | +€46,000 | +67.9% |
| Reserves not available under the articles | 1311 | €3,712 | €3,712 | = | 0.0% |
| Other | 1319 | €64,000 | €110,000 | +€46,000 | +71.9% |
| Profit (loss) carried forward | 14 | €96,329 | €96,659 | +€330 | +0.3% |
| Amounts payable | 17/49 | €51,005 | €36,823 | -€14,182 | -27.8% |
| Amounts payable within one year | 42/48 | €51,005 | €36,823 | -€14,182 | -27.8% |
| Trade debts | 44 | €16,002 | €4,252 | -€11,750 | -73.4% |
| Suppliers | 440/4 | €16,002 | €4,252 | -€11,750 | -73.4% |
| Advances received on contracts in progress | 46 | - | €1,766 | +€1,766 | |
| Taxes, remuneration and social security | 45 | €18,172 | €22,541 | +€4,369 | +24.0% |
| Taxes | 450/3 | €9,573 | €6,657 | -€2,916 | -30.5% |
| Remuneration and social security | 454/9 | €8,599 | €15,884 | +€7,285 | +84.7% |
| Other amounts payable | 47/48 | €16,831 | €8,264 | -€8,567 | -50.9% |
| Turnover | 70 | €237,225 | €258,148 | +€20,923 | +8.8% |
| Non-recurring operating income | 76A | - | €1,385 | +€1,385 | |
| Goods, raw materials, services and sundry goods | 60/61 | €167,909 | €192,092 | +€24,183 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,817 | €1,982 | -€835 | -29.6% |
| Other operating charges | 640/8 | €243 | €310 | +€67 | +27.6% |
| Gross operating margin | 9900 | €69,316 | €66,056 | -€3,260 | -4.7% |
| Operating profit (loss) | 9901 | €66,256 | €63,764 | -€2,492 | -3.8% |
| Financial income | 75/76B | €751 | €520 | -€231 | -30.8% |
| Recurring financial income | 75 | €751 | €520 | -€231 | -30.8% |
| Non-recurring financial income | 76B | €751 | €520 | -€231 | -30.8% |
| Financial charges | 65/66B | €336 | €269 | -€67 | -19.9% |
| Recurring financial charges | 65 | €336 | €269 | -€67 | -19.9% |
| Non-recurring financial charges | 66B | €336 | €269 | -€67 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €66,671 | €64,015 | -€2,656 | -4.0% |
| Income taxes | 67/77 | €21,543 | €17,685 | -€3,858 | -17.9% |
| Profit (loss) for the period | 9904 | €45,128 | €46,330 | +€1,202 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,128 | €46,330 | +€1,202 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.