De Marentak: 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.
De Marentak
Largest movements
- Tangible fixed assets -€53,973
down €53,973 (-3.0%), from €1.8m to €1.7m
- Cash +€26,140
up €26,140 (+334.8%), from €7,808 to €33,949
mainly Debts after one year (+€1.6m) and Net result for the year (+€127,626)
- Debts after one year +€1.6m
new in 2025: €1.6m
- Trade debts -€1.2m
down €1.2m (-99.7%), from €1.2m to €3,697
- Other debts -€630,591
no longer reported in 2025 (was €630,591)
- Profit (loss) carried forward +€127,626
up €127,626, from -€64,770 to €62,856
- Current portion of long-term debt +€50,238
new in 2025: €50,238
- Financial income +€250,758
new in 2025: €250,758
of which Non-recurring financial income: +€250,000
- Turnover +€57,137
up €57,137 (+673.2%), from €8,488 to €65,625
- Financial charges +€50,021
up €50,021 (+448.1%), from €11,162 to €61,183
- Depreciation +€40,532
up €40,532 (+301.5%), from €13,442 to €53,973
- Taxes +€23,000
new in 2025: €23,000
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 | €1,793,470 | €1,771,637 | -€21,833 | -1.2% |
| Fixed assets | 21/28 | €1,785,662 | €1,731,688 | -€53,973 | -3.0% |
| Tangible fixed assets | 22/27 | €1,785,662 | €1,731,688 | -€53,973 | -3.0% |
| Land and buildings | 22 | €1,785,662 | €1,731,688 | -€53,973 | -3.0% |
| Current assets | 29/58 | €7,808 | €39,949 | +€32,140 | +411.6% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €7,808 | €33,949 | +€26,140 | +334.8% |
| Total equity and liabilities | 10/49 | €1,793,470 | €1,771,637 | -€21,833 | -1.2% |
| Equity | 10/15 | -€39,770 | €87,099 | +€126,869 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,770 | €62,856 | +€127,626 | |
| Investment grants | 15 | €20,000 | €19,242 | -€758 | -3.8% |
| Amounts payable | 17/49 | €1,833,240 | €1,684,538 | -€148,702 | -8.1% |
| Amounts payable after more than one year | 17 | - | €1,607,604 | +€1.6m | |
| Other amounts payable | 178/9 | - | €1,607,604 | +€1.6m | |
| Amounts payable within one year | 42/48 | €1,833,240 | €76,934 | -€1.8m | -95.8% |
| Current portion of amounts payable after more than one year | 42 | - | €50,238 | +€50,238 | |
| Trade debts | 44 | €1,202,649 | €3,697 | -€1.2m | -99.7% |
| Suppliers | 440/4 | €1,202,649 | €3,697 | -€1.2m | -99.7% |
| Taxes, remuneration and social security | 45 | - | €23,000 | +€23,000 | |
| Taxes | 450/3 | - | €23,000 | +€23,000 | |
| Other amounts payable | 47/48 | €630,591 | - | -€630,591 | |
| Operating income | 70/76A | €8,488 | €65,625 | +€57,137 | +673.2% |
| Turnover | 70 | €8,488 | €65,625 | +€57,137 | +673.2% |
| Operating charges | 60/66A | €39,424 | €104,574 | +€65,150 | +165.3% |
| Services and other goods | 61 | €25,649 | €48,291 | +€22,643 | +88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,442 | €53,973 | +€40,532 | +301.5% |
| Other operating charges | 640/8 | €334 | €2,309 | +€1,976 | +591.6% |
| Operating profit (loss) | 9901 | -€30,936 | -€38,949 | -€8,013 | -25.9% |
| Financial income | 75/76B | - | €250,758 | +€250,758 | |
| Recurring financial income | 75 | - | €758 | +€758 | |
| Other financial income | 752/9 | - | €758 | +€758 | |
| Non-recurring financial income | 76B | - | €250,000 | +€250,000 | |
| Financial charges | 65/66B | €11,162 | €61,183 | +€50,021 | +448.1% |
| Recurring financial charges | 65 | €11,162 | €61,183 | +€50,021 | +448.1% |
| Debt charges | 650 | €11,162 | €61,183 | +€50,021 | +448.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,098 | €150,626 | +€192,724 | |
| Income taxes | 67/77 | - | €23,000 | +€23,000 | |
| Taxes | 670/3 | - | €23,000 | +€23,000 | |
| Profit (loss) for the period | 9904 | -€42,098 | €127,626 | +€169,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,098 | €127,626 | +€169,724 |
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 10 October 2026 via checked.be.