Le MarDi: 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.
Le MarDi
Largest movements
- Cash -€8,985
down €8,985 (-92.7%), from €9,695 to €710
mainly Net result for the year (-€16,571) and Debts after one year (-€10,522)
- Tangible fixed assets -€6,531
down €6,531 (-2.2%), from €297,757 to €291,226
of which Land and buildings: -€6,159
- Receivables within one year -€3,313
down €3,313 (-96.1%), from €3,447 to €134
of which Other amounts receivable: -€3,295
- Profit (loss) carried forward -€16,571
down €16,571 (-22.2%), from -€74,537 to -€91,108
- Other debts +€15,283
up €15,283 (+17.3%), from €88,143 to €103,427
- Debts after one year -€10,522
down €10,522 (-4.1%), from €259,648 to €249,126
- Advances received -€4,850
no longer reported in 2025 (was €4,850)
- Purchases and services -€10,155
no longer reported in 2025 (was €10,155)
- Gross operating margin +€9,536
up €9,536, from -€3,057 to €6,479
- Turnover -€7,015
no longer reported in 2025 (was €7,015)
- Other operating charges +€1,959
up €1,959 (+242%), from €809 to €2,767
- Financial charges -€1,475
down €1,475 (-9.7%), from €15,227 to €13,752
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 | €310,906 | €292,202 | -€18,704 | -6.0% |
| Fixed assets | 21/28 | €297,757 | €291,226 | -€6,531 | -2.2% |
| Tangible fixed assets | 22/27 | €297,757 | €291,226 | -€6,531 | -2.2% |
| Land and buildings | 22 | €297,365 | €291,206 | -€6,159 | -2.1% |
| Furniture and vehicles | 24 | €392 | €20 | -€372 | -94.8% |
| Current assets | 29/58 | €13,149 | €976 | -€12,173 | -92.6% |
| Amounts receivable within one year | 40/41 | €3,447 | €134 | -€3,313 | -96.1% |
| Trade receivables | 40 | €18 | - | -€18 | |
| Other amounts receivable | 41 | €3,429 | €134 | -€3,295 | -96.1% |
| Cash at bank and in hand | 54/58 | €9,695 | €710 | -€8,985 | -92.7% |
| Deferred charges and accrued income | 490/1 | €8 | €132 | +€124 | +1,600% |
| Total equity and liabilities | 10/49 | €310,906 | €292,202 | -€18,704 | -6.0% |
| Equity | 10/15 | -€55,007 | -€71,578 | -€16,571 | -30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,537 | -€91,108 | -€16,571 | -22.2% |
| Amounts payable | 17/49 | €365,913 | €363,780 | -€2,133 | -0.6% |
| Amounts payable after more than one year | 17 | €259,648 | €249,126 | -€10,522 | -4.1% |
| Financial debts | 170/4 | €259,648 | €249,126 | -€10,522 | -4.1% |
| Amounts payable within one year | 42/48 | €106,265 | €114,654 | +€8,389 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €10,087 | €10,522 | +€435 | +4.3% |
| Trade debts | 44 | €2,158 | - | -€2,158 | |
| Suppliers | 440/4 | €2,158 | - | -€2,158 | |
| Advances received on contracts in progress | 46 | €4,850 | - | -€4,850 | |
| Taxes, remuneration and social security | 45 | €1,027 | €705 | -€322 | -31.3% |
| Taxes | 450/3 | €1,027 | €705 | -€322 | -31.3% |
| Other amounts payable | 47/48 | €88,143 | €103,427 | +€15,283 | +17.3% |
| Turnover | 70 | €7,015 | - | -€7,015 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,155 | - | -€10,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,578 | €6,531 | -€47 | -0.7% |
| Other operating charges | 640/8 | €809 | €2,767 | +€1,959 | +242% |
| Gross operating margin | 9900 | -€3,057 | €6,479 | +€9,536 | |
| Operating profit (loss) | 9901 | -€10,443 | -€2,819 | +€7,624 | +73.0% |
| Financial charges | 65/66B | €15,227 | €13,752 | -€1,475 | -9.7% |
| Recurring financial charges | 65 | €15,227 | €13,752 | -€1,475 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,670 | -€16,571 | +€9,099 | +35.4% |
| Profit (loss) for the period | 9904 | -€25,670 | -€16,571 | +€9,099 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,670 | -€16,571 | +€9,099 | +35.4% |
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 26 October 2026 via checked.be.