IMMO MARIEN: 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.
IMMO MARIEN
Largest movements
- Stocks and contracts +€220,000
up €220,000 (+96.6%), from €227,830 to €447,830
- Cash -€12,690
down €12,690 (-83.8%), from €15,148 to €2,458
mainly Stocks and contracts (-€220,000) and Net result for the year (-€39,251)
- Tangible fixed assets -€6,660
down €6,660 (-4.6%), from €145,080 to €138,420
of which Land and buildings: -€6,660
- Debts after one year +€173,545
new in 2025: €173,545
- Other debts +€62,323
up €62,323 (+35.2%), from €177,027 to €239,350
- Profit (loss) carried forward -€39,251
down €39,251 (-84.5%), from -€46,437 to -€85,688
- Other operating charges +€30,658
up €30,658 (+609.6%), from €5,030 to €35,688
- Gross operating margin -€20,393
down €20,393 (-79.7%), from €25,598 to €5,205
- Financial charges +€1,801
up €1,801 (+588.7%), from €306 to €2,107
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 | €388,730 | €588,708 | +€199,978 | +51.4% |
| Fixed assets | 21/28 | €145,080 | €138,420 | -€6,660 | -4.6% |
| Tangible fixed assets | 22/27 | €145,080 | €138,420 | -€6,660 | -4.6% |
| Land and buildings | 22 | €145,080 | €138,420 | -€6,660 | -4.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €243,650 | €450,288 | +€206,638 | +84.8% |
| Stocks and contracts in progress | 3 | €227,830 | €447,830 | +€220,000 | +96.6% |
| Stocks | 30/36 | €227,830 | €447,830 | +€220,000 | +96.6% |
| Cash at bank and in hand | 54/58 | €15,148 | €2,458 | -€12,690 | -83.8% |
| Deferred charges and accrued income | 490/1 | €672 | - | -€672 | |
| Total equity and liabilities | 10/49 | €388,730 | €588,708 | +€199,978 | +51.4% |
| Equity | 10/15 | €209,763 | €170,512 | -€39,251 | -18.7% |
| Contributions | 10/11 | €256,200 | €256,200 | = | 0.0% |
| Contributions outside capital | 11 | €256,200 | - | -€256,200 | |
| Share premium | 1100/10 | €16 | - | -€16 | |
| Other | 1109/19 | €256,184 | - | -€256,184 | |
| Profit (loss) carried forward | 14 | -€46,437 | -€85,688 | -€39,251 | -84.5% |
| Amounts payable | 17/49 | €178,967 | €418,196 | +€239,229 | +133.7% |
| Amounts payable after more than one year | 17 | - | €173,545 | +€173,545 | |
| Financial debts | 170/4 | - | €173,545 | +€173,545 | |
| Amounts payable within one year | 42/48 | €178,967 | €244,651 | +€65,684 | +36.7% |
| Trade debts | 44 | €1,940 | €5,301 | +€3,361 | +173.2% |
| Suppliers | 440/4 | €1,940 | €5,301 | +€3,361 | +173.2% |
| Other amounts payable | 47/48 | €177,027 | €239,350 | +€62,323 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,660 | €6,660 | = | 0.0% |
| Other operating charges | 640/8 | €5,030 | €35,688 | +€30,658 | +609.6% |
| Gross operating margin | 9900 | €25,598 | €5,205 | -€20,393 | -79.7% |
| Operating profit (loss) | 9901 | €13,908 | -€37,143 | -€51,052 | |
| Financial charges | 65/66B | €306 | €2,107 | +€1,801 | +588.7% |
| Recurring financial charges | 65 | €306 | €2,107 | +€1,801 | +588.7% |
| Profit (loss) for the period before taxes | 9903 | €13,602 | -€39,251 | -€52,853 | |
| Profit (loss) for the period | 9904 | €13,602 | -€39,251 | -€52,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,602 | -€39,251 | -€52,853 |
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 9 October 2026 via checked.be.