LE MAREMBAIS: 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 MAREMBAIS
Largest movements
- Receivables within one year -€98,442
down €98,442 (-50.1%), from €196,525 to €98,083
of which Trade receivables: -€97,093
- Tangible fixed assets -€40,084
down €40,084 (-4.0%), from €1.0m to €966,855
of which Land and buildings: -€32,326
- Trade debts -€46,994
no longer reported in 2025 (was €46,994)
- Debts after one year -€37,455
down €37,455 (-4.1%), from €911,770 to €874,315
- Profit (loss) carried forward -€32,761
down €32,761 (-17.8%), from €183,937 to €151,176
- Current portion of long-term debt -€24,036
no longer reported in 2025 (was €24,036)
- Tax, wage and social debts -€13,425
no longer reported in 2025 (was €13,425)
of which Taxes: -€11,443
- Gross operating margin -€60,928
down €60,928 (-57.5%), from €105,926 to €44,998
- Staff costs -€49,483
no longer reported in 2025 (was €49,483)
- Other operating charges -€7,833
no longer reported in 2025 (was €7,833)
- Financial charges -€2,519
down €2,519 (-6.3%), from €40,194 to €37,675
- Depreciation +€1,364
up €1,364 (+3.5%), from €38,720 to €40,084
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 | €1,245,763 | €1,090,647 | -€155,116 | -12.5% |
| Fixed assets | 21/28 | €1,007,590 | €967,506 | -€40,084 | -4.0% |
| Tangible fixed assets | 22/27 | €1,006,939 | €966,855 | -€40,084 | -4.0% |
| Land and buildings | 22 | €982,393 | €950,067 | -€32,326 | -3.3% |
| Plant, machinery and equipment | 23 | €5,921 | €3,194 | -€2,727 | -46.0% |
| Furniture and vehicles | 24 | €9,589 | €4,982 | -€4,607 | -48.0% |
| Other tangible fixed assets | 26 | €3,264 | €2,839 | -€425 | -13.0% |
| Assets under construction and advance payments | 27 | €5,772 | €5,773 | +€1 | 0.0% |
| Financial fixed assets | 28 | €651 | €651 | -€0 | 0.0% |
| Current assets | 29/58 | €238,173 | €123,141 | -€115,032 | -48.3% |
| Stocks and contracts in progress | 3 | €690 | €690 | = | 0.0% |
| Stocks | 30/36 | €690 | €690 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,525 | €98,083 | -€98,442 | -50.1% |
| Trade receivables | 40 | €126,722 | €29,629 | -€97,093 | -76.6% |
| Other amounts receivable | 41 | €69,803 | €68,454 | -€1,349 | -1.9% |
| Current investments | 50/53 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €36,497 | €24,366 | -€12,131 | -33.2% |
| Deferred charges and accrued income | 490/1 | €4,461 | - | -€4,461 | |
| Total equity and liabilities | 10/49 | €1,245,763 | €1,090,647 | -€155,116 | -12.5% |
| Equity | 10/15 | €249,093 | €216,333 | -€32,760 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,556 | €46,556 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Other | 1319 | €1,859 | €1,859 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €14,697 | €14,697 | +€0 | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,937 | €151,176 | -€32,761 | -17.8% |
| Amounts payable | 17/49 | €996,670 | €874,315 | -€122,355 | -12.3% |
| Amounts payable after more than one year | 17 | €911,770 | €874,315 | -€37,455 | -4.1% |
| Financial debts | 170/4 | €911,770 | €874,315 | -€37,455 | -4.1% |
| Amounts payable within one year | 42/48 | €84,900 | - | -€84,900 | |
| Current portion of amounts payable after more than one year | 42 | €24,036 | - | -€24,036 | |
| Trade debts | 44 | €46,994 | - | -€46,994 | |
| Suppliers | 440/4 | €46,994 | - | -€46,994 | |
| Taxes, remuneration and social security | 45 | €13,425 | - | -€13,425 | |
| Taxes | 450/3 | €11,443 | - | -€11,443 | |
| Remuneration and social security | 454/9 | €1,982 | - | -€1,982 | |
| Other amounts payable | 47/48 | €445 | - | -€445 | |
| Remuneration, social security and pensions | 62 | €49,483 | - | -€49,483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,720 | €40,084 | +€1,364 | +3.5% |
| Other operating charges | 640/8 | €7,833 | - | -€7,833 | |
| Gross operating margin | 9900 | €105,926 | €44,998 | -€60,928 | -57.5% |
| Operating profit (loss) | 9901 | €9,890 | €4,915 | -€4,975 | -50.3% |
| Financial income | 75/76B | €1,148 | - | -€1,148 | |
| Recurring financial income | 75 | €1,148 | - | -€1,148 | |
| Financial charges | 65/66B | €40,194 | €37,675 | -€2,519 | -6.3% |
| Recurring financial charges | 65 | €40,194 | €37,675 | -€2,519 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,156 | -€32,760 | -€3,604 | -12.4% |
| Income taxes | 67/77 | €614 | - | -€614 | |
| Profit (loss) for the period | 9904 | -€29,770 | -€32,760 | -€2,990 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,770 | -€32,760 | -€2,990 | -10.0% |
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 16 October 2026 via checked.be.