MAREJIS
Annual accounts 2025
full format, filed on 22-07-2026, 9 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €910,000. Estimated: probably between €710,000 and €1.7m.
Money flows
no detail for 2025Balance sheet
balance sheet total €629,230 on 31-12-2025in euro
in euro
Position in the sector
97.2%
Higher than 92% of 3,873 companies in 2025.
-
Higher than 86% of 4,466 companies in 2024.
60.0%
Higher than 95% of 3,849 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
629,230 | 261,987 | 248,275 | 274,415 | 263,135 | 274,225 | 270,093 | 277,686 | 278,775 | 300,345 | 307,520 | 318,997 | 334,898 | 337,393 | 345,419 | 367,833 | 385,565 | 411,149 | 400,150 | 430,486 | |
21/28 |
128,466 | 186,978 | 201,626 | 216,613 | 224,341 | 230,674 | 238,435 | 248,952 | 264,157 | 274,695 | 288,879 | 298,194 | 309,936 | 321,376 | 338,713 | 357,337 | 374,222 | 395,156 | 392,908 | 410,283 | |
22/27 |
128,357 | 186,869 | 201,517 | 216,503 | 224,231 | 230,565 | 238,326 | 248,843 | 264,048 | 274,586 | 288,770 | 298,085 | 309,827 | 321,267 | 338,604 | 357,228 | 374,113 | 395,047 | 392,799 | 410,174 | |
22 |
128,269 | 184,935 | 195,900 | 207,136 | 218,393 | 226,931 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
- | - | 750 | 1,568 | 2,386 | 3,272 | - | - | 29 | 58 | 137 | 216 | 149 | 199 | 60 | 212 | 382 | 661 | 701 | 1,453 | |
24 |
88 | 1,934 | 4,867 | 7,800 | 3,453 | 362 | 543 | 724 | 3,587 | 1,174 | 1,915 | 831 | 1,247 | 839 | 1,258 | 5,479 | 10,959 | 16,438 | 784 | 1,056 | |
26 |
- | - | - | - | - | - | 237,783 | 248,119 | 260,432 | 273,354 | 286,718 | 297,038 | 308,431 | 320,229 | 337,285 | 351,536 | 362,772 | 377,948 | 391,314 | 407,665 | |
28 |
109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | 109 | |
29/58 |
500,764 | 75,009 | 46,649 | 57,802 | 38,794 | 43,551 | 31,657 | 28,734 | 14,619 | 25,649 | 18,641 | 20,804 | 24,962 | 16,017 | 6,706 | 10,496 | 11,342 | 15,993 | 7,243 | 20,203 | |
40/41 |
12,244 | - | - | - | - | - | - | - | - | 63 | 133 | 135 | 120 | 122 | - | 184 | 2,966 | 2,361 | 1,371 | 1,127 | |
40 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,317 | 1,317 | - | 631 | |
41 |
12,244 | - | - | - | - | - | - | - | - | 63 | 133 | 135 | 120 | 122 | - | 184 | 649 | 1,044 | 1,371 | 496 | |
50/53 |
14,398 | 14,398 | 14,626 | 14,626 | 14,626 | 14,626 | 11,056 | 8,566 | 8,565 | 6,951 | 7,141 | 7,113 | 5,975 | 6,922 | 3,498 | 1,437 | 2,418 | 2,388 | 2,747 | 4,003 | |
54/58 |
468,187 | 56,706 | 28,119 | 36,713 | 16,200 | 19,299 | 17,012 | 20,168 | 6,054 | 18,636 | 11,367 | 13,556 | 18,867 | 8,972 | 3,208 | 8,875 | 5,959 | 11,244 | 3,124 | 14,473 | |
490/1 |
5,936 | 3,905 | 3,905 | 6,463 | 7,969 | 9,627 | 3,589 | - | - | - | - | - | - | - | - | - | - | - | - | 600 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
629,230 | 261,987 | 248,275 | 274,415 | 263,135 | 274,225 | 270,093 | 277,686 | 278,775 | 300,345 | 307,520 | 318,997 | 334,898 | 337,393 | 345,419 | 367,833 | 385,565 | 411,149 | 400,150 | 430,486 | |
10/15 |
611,426 | 235,679 | 222,179 | 213,996 | 203,135 | 208,016 | 191,825 | 188,104 | 185,666 | 179,195 | 173,925 | 157,236 | 135,023 | 112,849 | 110,151 | 131,056 | 145,117 | 170,792 | 180,148 | 183,657 | |
10/11 |
73,600 | 73,600 | 73,600 | 73,600 | 73,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | |
10 |
73,600 | 73,600 | 73,600 | 73,600 | 73,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
73,600 | 73,600 | 73,600 | 73,600 | 73,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | 93,600 | |
13 |
468,460 | 92,714 | 79,214 | 71,031 | 60,169 | 45,051 | 28,860 | 25,139 | 21,101 | 14,630 | 9,360 | 9,360 | 5,599 | 4,490 | 4,290 | 4,290 | 4,290 | 4,290 | 4,290 | 4,290 | |
130/1 |
9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 9,360 | 5,599 | 4,490 | 4,290 | 4,290 | 4,290 | 4,290 | 4,290 | 4,290 | |
133 |
459,100 | 83,354 | 69,854 | 61,671 | 50,809 | 35,691 | 19,500 | 15,779 | 11,741 | 5,270 | - | - | - | - | - | - | - | - | - | - | |
14 |
69,365 | 69,365 | 69,365 | 69,365 | 69,365 | 69,365 | 69,365 | 69,365 | 70,965 | 70,965 | 70,965 | 54,276 | 35,825 | 14,759 | 12,261 | 33,166 | 47,227 | 72,903 | 82,258 | 85,767 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,167 | 3,167 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,167 | 3,167 | |
17/49 |
17,804 | 26,308 | 26,096 | 60,418 | 60,000 | 66,209 | 78,267 | 89,582 | 93,109 | 121,149 | 133,595 | 161,762 | 199,875 | 224,544 | 235,267 | 236,777 | 240,448 | 240,356 | 216,835 | 243,662 | |
17 |
14,626 | 14,626 | 14,626 | 14,626 | 14,626 | 14,626 | 11,056 | 8,693 | 8,692 | 8,578 | 20,554 | 33,825 | 45,988 | 56,797 | 54,465 | 52,273 | 52,223 | 52,223 | 53,393 | 68,330 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 13,300 | 26,600 | 39,900 | 49,875 | 49,875 | 49,875 | 49,875 | 49,875 | 49,875 | 63,175 | |
178/9 |
14,626 | 14,626 | 14,626 | 14,626 | 14,626 | 14,626 | 11,056 | 8,693 | 8,692 | 8,578 | 7,254 | 7,225 | 6,088 | 6,922 | 4,590 | 2,398 | 2,348 | 2,348 | 3,518 | 5,155 | |
42/48 |
3,179 | 11,682 | 11,470 | 45,793 | 45,374 | 51,583 | 67,212 | 78,787 | 81,071 | 102,245 | 106,261 | 121,907 | 146,988 | 157,376 | 169,427 | 168,516 | 172,350 | 173,388 | 156,569 | 160,479 | |
43 |
- | - | - | - | - | - | - | - | - | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | |
430/8 |
- | - | - | - | - | - | - | - | - | 13,300 | 13,300 | - | - | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | 13,300 | |
44 |
59 | 519 | 550 | 473 | 425 | 164 | 65 | 106 | 421 | 1,107 | 492 | 67 | 787 | 762 | - | 50 | 593 | 1,478 | 8,740 | 2,157 | |
440/4 |
59 | 519 | 550 | 473 | 425 | 164 | 65 | 106 | 421 | 1,107 | 492 | 67 | 787 | 762 | - | 50 | 593 | 1,478 | 8,740 | 2,157 | |
45 |
3,047 | 7,318 | 4,243 | 10,540 | 7,800 | 14,415 | 5,880 | 7,586 | 647 | 527 | - | - | 256 | - | 3,135 | - | 1,408 | 2,801 | 1,213 | 6,649 | |
450/3 |
3,047 | 7,318 | 4,243 | 10,540 | 7,800 | 14,415 | 5,880 | 7,586 | 647 | 527 | - | - | 256 | - | 135 | - | 1,408 | 1,301 | 1,213 | 6,649 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | - | - | 1,500 | - | - | |
47/48 |
72 | 3,845 | 6,677 | 34,780 | 37,150 | 37,004 | 61,267 | 71,095 | 80,003 | 87,310 | 92,469 | 108,539 | 132,645 | 143,314 | 152,992 | 155,166 | 157,049 | 155,809 | 133,317 | 138,374 | |
492/3 |
- | - | - | - | - | - | - | 2,102 | 3,346 | 10,327 | 6,781 | 6,030 | 6,899 | 10,371 | 11,376 | 15,988 | 15,876 | 14,745 | 6,873 | 14,852 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 83,848 | 76,040 | 77,509 | 81,629 | 76,050 | 79,890 | 64,687 | 66,976 | 61,532 | 68,403 | 80,960 | 75,178 | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | - | - | 400 | - | - | |
9900 |
598,629 | 49,353 | 44,780 | 46,002 | 49,815 | 45,207 | 31,567 | 38,884 | 36,726 | 34,650 | 50,157 | 59,593 | 59,671 | 41,516 | 22,490 | 27,913 | 16,447 | 29,517 | 35,919 | 51,658 | |
60/61 |
- | - | - | - | 38,601 | - | - | - | 47,122 | 41,390 | 27,353 | 22,036 | 16,379 | 38,373 | 42,197 | 39,063 | 45,084 | 38,886 | 45,040 | 23,521 | |
630 |
34,218 | 14,648 | 14,987 | 14,128 | 12,931 | 12,002 | 11,931 | 13,110 | 16,539 | 14,184 | 16,196 | 17,632 | 18,681 | 19,795 | 25,714 | 24,737 | 24,955 | 25,306 | 19,580 | 18,807 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3,167 | - | -1,783 | |
640/8 |
9,243 | 9,887 | 11,968 | 10,742 | 9,599 | 1,543 | 7,627 | 8,744 | 8,320 | 7,992 | 8,386 | 9,380 | 7,688 | 8,087 | 7,868 | 7,858 | 7,753 | 8,491 | 6,988 | 6,790 | |
66A |
- | - | - | - | - | - | - | 2,500 | - | - | 524 | - | 839 | 531 | 92 | - | - | - | - | - | |
9901 |
555,168 | 24,818 | 17,825 | 21,132 | 27,284 | 31,662 | 12,009 | 14,530 | 11,868 | 12,474 | 25,575 | 32,581 | 33,303 | 13,634 | -11,092 | -4,682 | -16,261 | -1,113 | 9,352 | 27,843 | |
75/76B |
380 | - | 0 | - | - | - | - | - | 0 | 95 | 8 | 14 | 9 | 34 | 143 | 56 | 47 | 112 | 75 | 36 | |
75 |
380 | - | 0 | - | - | - | - | - | 0 | 95 | 8 | 14 | 9 | 34 | 143 | 56 | 47 | 112 | 75 | 36 | |
65/66B |
642 | 882 | 2,272 | 1,864 | 1,876 | 2,157 | 3,175 | 3,622 | 4,511 | 6,771 | 8,370 | 10,383 | 10,299 | 10,446 | 10,858 | 9,435 | 9,462 | 8,755 | 13,082 | 14,227 | |
65 |
642 | 882 | 2,272 | 1,864 | 1,876 | 2,157 | 3,175 | 3,622 | 4,511 | 6,771 | 8,370 | 10,383 | 10,299 | 10,446 | 10,858 | 9,435 | 9,462 | 8,755 | 13,082 | 14,227 | |
9903 |
554,906 | 23,936 | 15,553 | 19,268 | 25,408 | 29,505 | 8,835 | 10,908 | 7,357 | 5,798 | 16,689 | 22,213 | 22,174 | 2,692 | -20,899 | -14,061 | -25,676 | -9,355 | -3,655 | 13,652 | |
67/77 |
177,493 | 8,770 | 5,770 | 6,806 | 8,690 | 11,714 | 3,514 | 6,870 | 886 | 528 | - | - | - | -6 | 6 | - | - | - | -146 | 5,444 | |
9904 |
377,413 | 15,166 | 9,783 | 12,462 | 16,718 | 17,791 | 5,321 | 4,038 | 6,471 | 5,270 | 16,689 | 22,213 | 22,174 | 2,698 | -20,905 | -14,061 | -25,676 | -9,355 | -3,510 | 8,209 | |
9905 |
377,413 | 15,166 | 9,783 | 12,462 | 16,718 | 17,791 | 5,321 | 4,038 | 6,471 | 5,270 | 16,689 | 22,213 | 22,174 | 2,698 | -20,905 | -14,061 | -25,676 | -9,355 | -3,510 | 8,209 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
446,778 | 15,166 | 9,783 | 81,827 | 86,084 | 87,156 | 74,686 | 75,003 | 77,436 | 76,235 | 70,965 | 58,037 | 36,933 | 14,959 | 12,261 | 33,166 | 47,227 | 72,903 | 82,258 | 86,178 | |
14P |
69,365 | - | - | 69,365 | 69,365 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 69,365 | 69,365 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
375,747 | 13,500 | 8,183 | 10,862 | 15,118 | 16,191 | 3,721 | 4,038 | 6,471 | 5,270 | - | 3,761 | 1,109 | 200 | - | - | - | - | - | 410 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 3,761 | 1,109 | 200 | - | - | - | - | - | 410 | |
6921 |
375,747 | 13,500 | 8,183 | 10,862 | 15,118 | 16,191 | 3,721 | 4,038 | 6,471 | 5,270 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
1,666 | 1,666 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
1,666 | 1,666 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-07-2026 | 2026-00316593 | |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00322338 | |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00261481 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00254267 | |
| 31-12-2021 | abbreviated format | 25-07-2022 | 2022-20224596 | |
| 20-12-2020 | abbreviated format | 21-07-2021 | 2021-38200395 | |
| 20-12-2019 | abbreviated format | 24-07-2020 | 2020-33800465 | |
| 20-12-2018 | micro format | 18-06-2019 | 2019-19300420 | |
| 20-12-2017 | micro format | 24-05-2018 | 2018-13900182 | |
| 20-12-2016 | abbreviated format | 04-05-2017 | 2017-11300024 | |
| 20-12-2015 | abbreviated format | 12-06-2016 | 2016-17600160 | |
| 20-12-2014 | abbreviated format | 18-05-2015 | 2015-12100315 | |
| 20-12-2013 | abbreviated format | 27-05-2014 | 2014-13900317 | |
| 20-12-2012 | abbreviated format | 13-05-2013 | 2013-11700284 | |
| 20-12-2011 | abbreviated format | 18-05-2012 | 2012-12600308 | |
| 20-12-2010 | abbreviated format | 19-06-2011 | 2011-18800383 | |
| 20-12-2009 | abbreviated format | 10-05-2010 | 2010-11500204 | |
| 20-12-2008 | abbreviated format | 18-05-2009 | 2009-15100146 | |
| 20-12-2007 | abbreviated format | 23-05-2008 | 2008-15600017 | |
| 20-12-2006 | abbreviated format | 01-06-2007 | 2007-18300168 | |
| 20-12-2005 | abbreviated format | 21-06-2006 | 2006-29001064 | |
| 20-12-2004 | abbreviated format | 07-07-2005 | 2005-44305249 | |
| 20-12-2003 | abbreviated format | 12-05-2004 | 2004-14500906 | |
| 20-12-2002 | abbreviated format | 07-05-2003 | 2003-13301878 | |
| 19-12-2001 | abbreviated format | 05-06-2002 | 2002-17401720 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 589,386 | 39,466 | 32,811 | 35,260 | 40,216 | 43,664 | 23,940 | 27,640 | 28,406 | 26,658 | 41,771 | 50,213 | 51,984 | 33,429 | 14,622 | 20,055 | 8,694 | 24,193 | 28,931 | 46,650 | ||
| 411,631 | 29,814 | 24,770 | 26,589 | 29,650 | 29,793 | 17,252 | 17,148 | 23,009 | 19,454 | 32,885 | 39,844 | 40,855 | 22,493 | 4,809 | 10,676 | -721 | 15,951 | 16,070 | 27,016 | ||
| 0 | 0 | 0 | 6,400 | 6,598 | 4,241 | 1,414 | 278,600 | 6,000 | 0 | 7,405 | 5,889 | 8,080 | 2,458 | 7,182 | 7,851 | 4,021 | 27,555 | 2,204 | 15,485 | ||
| 411,480 | 28,588 | -8,595 | 20,514 | -3,100 | 2,287 | -3,156 | 14,114 | -12,582 | 7,268 | -2,188 | -5,312 | 9,895 | 5,765 | -5,668 | 2,917 | -5,285 | 8,119 | -11,349 | - | ||
| 497,586 | 63,327 | 35,179 | 12,009 | -6,580 | -8,032 | -35,554 | -50,053 | -66,452 | -76,595 | -87,620 | -101,103 | -122,026 | -141,359 | -162,721 | -158,020 | -161,007 | -157,396 | -149,327 | -140,276 | ||
| - | - | - | - | - | - | - | - | 14.2% | 16.4% | 33.0% | 39.9% | 43.8% | 17.1% | -17.1% | -7.0% | -26.4% | -1.6% | 11.6% | 37.0% | ||
| 97.2% | 90.0% | 89.5% | 78.0% | 77.2% | 75.9% | 71.0% | 67.7% | 66.6% | 59.7% | 56.6% | 49.3% | 40.3% | 33.4% | 31.9% | 35.6% | 37.6% | 41.5% | 45.0% | 42.7% | ||
| - | 6.42 | 4.07 | 1.26 | 0.85 | 0.84 | 0.47 | 0.36 | 0.18 | 0.25 | 0.18 | 0.17 | 0.17 | 0.10 | 0.04 | 0.06 | 0.07 | 0.09 | 0.05 | 0.13 | ||
| 0.03 | 0.11 | 0.12 | 0.28 | 0.30 | 0.32 | 0.41 | 0.48 | 0.50 | 0.68 | 0.77 | 1.03 | 1.48 | 1.99 | 2.14 | 1.81 | 1.66 | 1.41 | 1.20 | 1.33 | ||
| 61.7% | 6.4% | 4.4% | 5.8% | 8.2% | 8.6% | 2.8% | 2.1% | 3.5% | 2.9% | 9.6% | 14.1% | 16.4% | 2.4% | -19.0% | -10.7% | -17.7% | -5.5% | -1.9% | 4.5% | ||
| 60.0% | 5.8% | 3.9% | 4.5% | 6.4% | 6.5% | 2.0% | 1.5% | 2.3% | 1.8% | 5.4% | 7.0% | 6.6% | 0.8% | -6.1% | -3.8% | -6.7% | -2.3% | -0.9% | 1.9% | ||
| over 100 | 44.75 | 14.44 | 18.91 | 21.43 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 0 days | 1 day | 1 day | 1 day | 1 day | - | 1 day | 14 days | 7 days | 6 days | 3 days | ||
| - | - | - | - | 4 days | - | - | - | 3 days | 10 days | 7 days | 1 day | 18 days | 7 days | - | 0 days | 5 days | 14 days | 71 days | 33 days |
EBIT margin: not included in this filing.
A ratio outside any meaningful range has been withheld (balance sheet total €629,230, equity €611,426).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €0 | - | - | €6,400 | €6,598 |
| €34,218 | €14,648 | €14,987 | €14,128 | €12,931 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MAREJIS
The operating result for 2025 is over 22 times that of 2024 and the highest since 2006. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 10.0% to 2.8%. Equity is higher and debt is lower.
- 2025 Net result +2,389% on 2024. The accounts now follow the full format, last year the abbreviated format.