IMMO MARIV: 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 MARIV
Largest movements
- Receivables after one year -€62,678
down €62,678 (-11.8%), from €532,761 to €470,083
- Tangible fixed assets -€18,675
down €18,675 (-17.1%), from €109,380 to €90,705
of which Land and buildings: -€10,570
- Receivables within one year +€11,477
up €11,477 (+10.5%), from €109,813 to €121,289
of which Other amounts receivable: +€21,116
- Reserves -€62,021
down €62,021 (-23.9%), from €259,394 to €197,373
of which Distributable reserves: -€62,021
- Profit (loss) carried forward +€35,085
no longer reported in 2025 (was -€35,085)
- Other debts -€25,025
down €25,025 (-11.3%), from €220,943 to €195,918
- Trade debts -€11,678
down €11,678 (-25.5%), from €45,769 to €34,091
- Debts after one year -€8,496
down €8,496 (-40.4%), from €21,052 to €12,556
- Gross operating margin -€175,895
down €175,895 (-92.8%), from €189,504 to €13,609
- Staff costs -€92,280
no longer reported in 2025 (was €92,280)
- Financial charges -€19,138
down €19,138 (-62.3%), from €30,715 to €11,577
- Depreciation -€3,075
down €3,075 (-13.6%), from €22,637 to €19,561
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 | €784,925 | €707,318 | -€77,607 | -9.9% |
| Fixed assets | 21/28 | €109,380 | €90,705 | -€18,675 | -17.1% |
| Tangible fixed assets | 22/27 | €109,380 | €90,705 | -€18,675 | -17.1% |
| Land and buildings | 22 | €89,586 | €79,016 | -€10,570 | -11.8% |
| Plant, machinery and equipment | 23 | €19,794 | €11,689 | -€8,105 | -40.9% |
| Current assets | 29/58 | €675,545 | €616,613 | -€58,932 | -8.7% |
| Amounts receivable after more than one year | 29 | €532,761 | €470,083 | -€62,678 | -11.8% |
| Trade receivables | 290 | €532,761 | €470,083 | -€62,678 | -11.8% |
| Amounts receivable within one year | 40/41 | €109,813 | €121,289 | +€11,477 | +10.5% |
| Trade receivables | 40 | €52,002 | €42,363 | -€9,640 | -18.5% |
| Other amounts receivable | 41 | €57,811 | €78,927 | +€21,116 | +36.5% |
| Cash at bank and in hand | 54/58 | €15,592 | €13,736 | -€1,856 | -11.9% |
| Deferred charges and accrued income | 490/1 | €17,379 | €11,504 | -€5,875 | -33.8% |
| Total equity and liabilities | 10/49 | €784,925 | €707,318 | -€77,607 | -9.9% |
| Equity | 10/15 | €286,309 | €259,373 | -€26,936 | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €259,394 | €197,373 | -€62,021 | -23.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €253,194 | €191,173 | -€62,021 | -24.5% |
| Profit (loss) carried forward | 14 | -€35,085 | - | +€35,085 | |
| Amounts payable | 17/49 | €498,615 | €447,945 | -€50,671 | -10.2% |
| Amounts payable after more than one year | 17 | €21,052 | €12,556 | -€8,496 | -40.4% |
| Financial debts | 170/4 | €21,052 | €12,556 | -€8,496 | -40.4% |
| Amounts payable within one year | 42/48 | €460,066 | €422,634 | -€37,432 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €8,203 | €8,496 | +€292 | +3.6% |
| Financial debts | 43 | €180,000 | €180,000 | = | 0.0% |
| Credit institutions | 430/8 | €180,000 | €180,000 | = | 0.0% |
| Trade debts | 44 | €45,769 | €34,091 | -€11,678 | -25.5% |
| Suppliers | 440/4 | €45,769 | €34,091 | -€11,678 | -25.5% |
| Taxes, remuneration and social security | 45 | €5,152 | €4,130 | -€1,022 | -19.8% |
| Taxes | 450/3 | €5,152 | €4,130 | -€1,022 | -19.8% |
| Other amounts payable | 47/48 | €220,943 | €195,918 | -€25,025 | -11.3% |
| Accrued charges and deferred income | 492/3 | €17,497 | €12,754 | -€4,743 | -27.1% |
| Remuneration, social security and pensions | 62 | €92,280 | - | -€92,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,637 | €19,561 | -€3,075 | -13.6% |
| Other operating charges | 640/8 | €10,402 | €9,566 | -€836 | -8.0% |
| Gross operating margin | 9900 | €189,504 | €13,609 | -€175,895 | -92.8% |
| Operating profit (loss) | 9901 | €64,185 | -€15,519 | -€79,704 | |
| Financial income | 75/76B | €314 | €160 | -€154 | -49.1% |
| Recurring financial income | 75 | €314 | €160 | -€154 | -49.1% |
| Financial charges | 65/66B | €30,715 | €11,577 | -€19,138 | -62.3% |
| Recurring financial charges | 65 | €30,715 | €11,577 | -€19,138 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €33,784 | -€26,936 | -€60,720 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €33,784 | -€26,936 | -€60,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,784 | -€26,936 | -€60,720 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.