DR. MAREELS SIGRID: 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.
DR. MAREELS SIGRID
Largest movements
- Cash +€95,383
up €95,383 (+98.0%), from €97,326 to €192,709
mainly Net result for the year (+€111,039) and Receivables within one year (+€25,640)
- Receivables within one year -€25,640
down €25,640 (-22.4%), from €114,410 to €88,771
of which Trade receivables: -€15,409
- Tangible fixed assets -€25,238
down €25,238 (-54.5%), from €46,299 to €21,061
of which Furniture and vehicles: -€21,802
- Receivables after one year +€6,500
up €6,500 (+2.4%), from €273,500 to €280,000
- Reserves +€111,039
up €111,039 (+27.5%), from €404,062 to €515,101
of which Distributable reserves: +€111,039
- Other debts -€47,973
down €47,973 (-99.6%), from €48,171 to €197
- Trade debts -€19,798
down €19,798 (-42.0%), from €47,159 to €27,361
- Tax, wage and social debts +€9,250
up €9,250 (+79.7%), from €11,600 to €20,850
- Gross operating margin +€26,714
up €26,714 (+18.5%), from €144,227 to €170,941
- Taxes +€9,299
up €9,299 (+23.1%), from €40,296 to €49,595
- Other operating charges -€9,053
down €9,053 (-79.4%), from €11,398 to €2,345
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 | €532,154 | €583,694 | +€51,539 | +9.7% |
| Fixed assets | 21/28 | €46,299 | €21,061 | -€25,238 | -54.5% |
| Tangible fixed assets | 22/27 | €46,299 | €21,061 | -€25,238 | -54.5% |
| Plant, machinery and equipment | 23 | €24,497 | €21,061 | -€3,436 | -14.0% |
| Furniture and vehicles | 24 | €21,802 | €0 | -€21,802 | -100% |
| Current assets | 29/58 | €485,855 | €562,633 | +€76,778 | +15.8% |
| Amounts receivable after more than one year | 29 | €273,500 | €280,000 | +€6,500 | +2.4% |
| Other amounts receivable | 291 | €273,500 | €280,000 | +€6,500 | +2.4% |
| Amounts receivable within one year | 40/41 | €114,410 | €88,771 | -€25,640 | -22.4% |
| Trade receivables | 40 | €101,180 | €85,771 | -€15,409 | -15.2% |
| Other amounts receivable | 41 | €13,230 | €3,000 | -€10,230 | -77.3% |
| Cash at bank and in hand | 54/58 | €97,326 | €192,709 | +€95,383 | +98.0% |
| Deferred charges and accrued income | 490/1 | €619 | €1,153 | +€534 | +86.4% |
| Total equity and liabilities | 10/49 | €532,154 | €583,694 | +€51,539 | +9.7% |
| Equity | 10/15 | €416,462 | €527,501 | +€111,039 | +26.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €404,062 | €515,101 | +€111,039 | +27.5% |
| Tax-exempt reserves | 132 | €11,275 | €11,275 | = | 0.0% |
| Distributable reserves | 133 | €392,787 | €503,826 | +€111,039 | +28.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,692 | €56,192 | -€59,500 | -51.4% |
| Amounts payable within one year | 42/48 | €115,692 | €56,192 | -€59,500 | -51.4% |
| Financial debts | 43 | €8,763 | €7,784 | -€979 | -11.2% |
| Credit institutions | 430/8 | €8,763 | €7,784 | -€979 | -11.2% |
| Trade debts | 44 | €47,159 | €27,361 | -€19,798 | -42.0% |
| Suppliers | 440/4 | €47,159 | €27,361 | -€19,798 | -42.0% |
| Taxes, remuneration and social security | 45 | €11,600 | €20,850 | +€9,250 | +79.7% |
| Taxes | 450/3 | €11,600 | €20,850 | +€9,250 | +79.7% |
| Other amounts payable | 47/48 | €48,171 | €197 | -€47,973 | -99.6% |
| Non-recurring operating income | 76A | - | €14,096 | +€14,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,146 | €7,718 | -€1,427 | -15.6% |
| Other operating charges | 640/8 | €11,398 | €2,345 | -€9,053 | -79.4% |
| Gross operating margin | 9900 | €144,227 | €170,941 | +€26,714 | +18.5% |
| Operating profit (loss) | 9901 | €123,683 | €160,877 | +€37,194 | +30.1% |
| Financial income | 75/76B | €120 | €481 | +€361 | +302% |
| Recurring financial income | 75 | €120 | €481 | +€361 | +302% |
| Financial charges | 65/66B | €1,490 | €724 | -€765 | -51.4% |
| Recurring financial charges | 65 | €1,490 | €724 | -€765 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €122,313 | €160,634 | +€38,321 | +31.3% |
| Income taxes | 67/77 | €40,296 | €49,595 | +€9,299 | +23.1% |
| Profit (loss) for the period | 9904 | €82,017 | €111,039 | +€29,022 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,017 | €111,039 | +€29,022 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.