DE MARMOT: 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 MARMOT
Largest movements
- Cash -€29,019
no longer reported in 2025 (was €29,019)
mainly Trade debts (-€23,796) and Receivables within one year (-€18,075)
- Receivables within one year +€18,075
up €18,075 (+13.3%), from €135,875 to €153,950
- Tangible fixed assets -€4,863
down €4,863 (-46.7%), from €10,403 to €5,540
- Trade debts -€23,796
down €23,796 (-49.1%), from €48,507 to €24,711
- Reserves +€8,785
up €8,785 (+10.6%), from €83,034 to €91,819
- Current portion of long-term debt -€6,282
down €6,282 (-74.6%), from €8,421 to €2,139
- Other debts +€5,549
up €5,549 (+573%), from €968 to €6,517
- Tax, wage and social debts +€4,845
up €4,845 (+31.0%), from €15,641 to €20,486
- Gross operating margin +€7,448
up €7,448 (+5.3%), from €141,856 to €149,304
- Staff costs -€2,083
down €2,083 (-1.7%), from €125,013 to €122,930
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.
Derived cash bridge
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 | €324,948 | €311,971 | -€12,977 | -4.0% |
| Fixed assets | 21/28 | €143,103 | €138,240 | -€4,863 | -3.4% |
| Tangible fixed assets | 22/27 | €10,403 | €5,540 | -€4,863 | -46.7% |
| Plant, machinery and equipment | 23 | €10,403 | €5,540 | -€4,863 | -46.7% |
| Financial fixed assets | 28 | €132,700 | €132,700 | = | 0.0% |
| Current assets | 29/58 | €181,845 | €173,731 | -€8,114 | -4.5% |
| Stocks and contracts in progress | 3 | €16,951 | €19,781 | +€2,830 | +16.7% |
| Stocks | 30/36 | €16,951 | €19,781 | +€2,830 | +16.7% |
| Amounts receivable within one year | 40/41 | €135,875 | €153,950 | +€18,075 | +13.3% |
| Other amounts receivable | 41 | €135,875 | €153,950 | +€18,075 | +13.3% |
| Cash at bank and in hand | 54/58 | €29,019 | - | -€29,019 | |
| Total equity and liabilities | 10/49 | €324,948 | €311,971 | -€12,977 | -4.0% |
| Equity | 10/15 | €248,034 | €256,819 | +€8,785 | +3.5% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Contributions outside capital | 11 | €165,000 | €165,000 | = | 0.0% |
| Other | 1109/19 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €83,034 | €91,819 | +€8,785 | +10.6% |
| Distributable reserves | 133 | €83,034 | €91,819 | +€8,785 | +10.6% |
| Amounts payable | 17/49 | €76,914 | €55,152 | -€21,762 | -28.3% |
| Amounts payable after more than one year | 17 | €2,139 | - | -€2,139 | |
| Financial debts | 170/4 | €2,139 | - | -€2,139 | |
| Amounts payable within one year | 42/48 | €74,775 | €55,152 | -€19,623 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €8,421 | €2,139 | -€6,282 | -74.6% |
| Financial debts | 43 | €1,238 | €1,299 | +€61 | +4.9% |
| Credit institutions | 430/8 | €1,238 | €1,299 | +€61 | +4.9% |
| Trade debts | 44 | €48,507 | €24,711 | -€23,796 | -49.1% |
| Suppliers | 440/4 | €48,507 | €24,711 | -€23,796 | -49.1% |
| Taxes, remuneration and social security | 45 | €15,641 | €20,486 | +€4,845 | +31.0% |
| Taxes | 450/3 | €15,641 | €20,486 | +€4,845 | +31.0% |
| Other amounts payable | 47/48 | €968 | €6,517 | +€5,549 | +573% |
| Remuneration, social security and pensions | 62 | €125,013 | €122,930 | -€2,083 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,864 | €4,863 | -€1 | 0.0% |
| Other operating charges | 640/8 | €5,244 | €5,936 | +€692 | +13.2% |
| Gross operating margin | 9900 | €141,856 | €149,304 | +€7,448 | +5.3% |
| Operating profit (loss) | 9901 | €6,735 | €15,575 | +€8,840 | +131% |
| Financial charges | 65/66B | €6,408 | €6,790 | +€382 | +6.0% |
| Recurring financial charges | 65 | €6,408 | €6,790 | +€382 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €327 | €8,785 | +€8,458 | +2,587% |
| Profit (loss) for the period | 9904 | €327 | €8,785 | +€8,458 | +2,587% |
| Profit (loss) for the period to be appropriated | 9905 | €327 | €8,785 | +€8,458 | +2,587% |
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 22 October 2026 via checked.be.