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.
MARLIBO
Largest movements
- Cash +€865,007
up €865,007 (+666.5%), from €129,789 to €994,796
mainly Current investments (+€722,275) and Receivables within one year (+€163,408)
- Current investments -€722,275
down €722,275 (-52.4%), from €1.4m to €654,813
- Receivables within one year -€163,408
down €163,408 (-28.6%), from €571,566 to €408,158
of which Other amounts receivable: -€163,408
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€157,877
up €157,877 (+352.4%), from €44,804 to €202,681
- Depreciation +€22,847
up €22,847 (+147.5%), from €15,486 to €38,333
- Gross operating margin -€17,458
down €17,458 (-57.0%), from €30,653 to €13,195
- Financial charges +€14,048
up €14,048 (+34.1%), from €41,169 to €55,217
- Taxes +€7,587
up €7,587 (+94.9%), from €7,997 to €15,584
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 | €4,617,717 | €4,558,707 | -€59,010 | -1.3% |
| Fixed assets | 21/28 | €2,539,274 | €2,500,941 | -€38,333 | -1.5% |
| Tangible fixed assets | 22/27 | €519,268 | €480,935 | -€38,333 | -7.4% |
| Land and buildings | 22 | €385,116 | €374,841 | -€10,275 | -2.7% |
| Plant, machinery and equipment | 23 | €852 | €408 | -€445 | -52.2% |
| Furniture and vehicles | 24 | €133,300 | €105,687 | -€27,613 | -20.7% |
| Financial fixed assets | 28 | €2,020,006 | €2,020,006 | = | 0.0% |
| Current assets | 29/58 | €2,078,443 | €2,057,766 | -€20,677 | -1.0% |
| Amounts receivable within one year | 40/41 | €571,566 | €408,158 | -€163,408 | -28.6% |
| Trade receivables | 40 | €7,865 | €7,865 | = | 0.0% |
| Other amounts receivable | 41 | €563,701 | €400,293 | -€163,408 | -29.0% |
| Current investments | 50/53 | €1,377,088 | €654,813 | -€722,275 | -52.4% |
| Cash at bank and in hand | 54/58 | €129,789 | €994,796 | +€865,007 | +666.5% |
| Total equity and liabilities | 10/49 | €4,617,717 | €4,558,707 | -€59,010 | -1.3% |
| Equity | 10/15 | €4,157,987 | €4,135,383 | -€22,603 | -0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,145,587 | €4,122,983 | -€22,603 | -0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,143,727 | €4,121,123 | -€22,603 | -0.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €459,730 | €423,324 | -€36,406 | -7.9% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,730 | €23,324 | -€36,406 | -61.0% |
| Trade debts | 44 | €6,009 | €1,592 | -€4,417 | -73.5% |
| Suppliers | 440/4 | €6,009 | €1,592 | -€4,417 | -73.5% |
| Taxes, remuneration and social security | 45 | €1,126 | €13,749 | +€12,623 | +1120.8% |
| Taxes | 450/3 | €1,126 | €13,749 | +€12,623 | +1120.8% |
| Other amounts payable | 47/48 | €52,595 | €7,983 | -€44,612 | -84.8% |
| Non-recurring operating income | 76A | €13,134 | - | -€13,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,486 | €38,333 | +€22,847 | +147.5% |
| Other operating charges | 640/8 | €1,821 | €3,705 | +€1,884 | +103.4% |
| Gross operating margin | 9900 | €30,653 | €13,195 | -€17,458 | -57.0% |
| Operating profit (loss) | 9901 | €13,346 | -€28,843 | -€42,189 | |
| Financial income | 75/76B | €44,804 | €202,681 | +€157,877 | +352.4% |
| Recurring financial income | 75 | €44,804 | €202,681 | +€157,877 | +352.4% |
| Financial charges | 65/66B | €41,169 | €55,217 | +€14,048 | +34.1% |
| Recurring financial charges | 65 | €41,169 | €55,217 | +€14,048 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €16,980 | €118,621 | +€101,641 | +598.6% |
| Income taxes | 67/77 | €7,997 | €15,584 | +€7,587 | +94.9% |
| Profit (loss) for the period | 9904 | €8,984 | €103,037 | +€94,054 | +1047.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,984 | €103,037 | +€94,054 | +1047.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.