MAR'BOB: what changed
Two fiscal 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.
MAR'BOB
Largest movements
- Tangible fixed assets -€8,338
down €8,338 (-37.2%), from €22,412 to €14,073
of which Furniture and vehicles: -€8,338
- Cash -€2,871
down €2,871 (-4.4%), from €65,955 to €63,084
mainly Net result for the year (-€10,198) and Other debts (-€1,315)
- Profit (loss) carried forward -€10,198
down €10,198 (-28.2%), from -€36,170 to -€46,368
- Other debts -€1,315
down €1,315 (-53.0%), from €2,483 to €1,168
- Gross operating margin +€10,693
up €10,693 (+91.2%), from -€11,726 to -€1,033
- Depreciation -€2,905
down €2,905 (-25.8%), from €11,244 to €8,338
- Other operating charges -€2,498
down €2,498 (-78.7%), from €3,174 to €675
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 | €115,534 | €103,565 | -€11,969 | -10.4% |
| Fixed assets | 21/28 | €23,300 | €14,961 | -€8,338 | -35.8% |
| Tangible fixed assets | 22/27 | €22,412 | €14,073 | -€8,338 | -37.2% |
| Land and buildings | 22 | €8,592 | €8,592 | = | 0.0% |
| Furniture and vehicles | 24 | €13,820 | €5,481 | -€8,338 | -60.3% |
| Financial fixed assets | 28 | €888 | €888 | = | 0.0% |
| Current assets | 29/58 | €92,235 | €88,604 | -€3,631 | -3.9% |
| Amounts receivable within one year | 40/41 | €25,555 | €25,520 | -€35 | -0.1% |
| Other amounts receivable | 41 | €25,555 | €25,520 | -€35 | -0.1% |
| Cash at bank and in hand | 54/58 | €65,955 | €63,084 | -€2,871 | -4.4% |
| Deferred charges and accrued income | 490/1 | €725 | - | -€725 | |
| Total equity and liabilities | 10/49 | €115,534 | €103,565 | -€11,969 | -10.4% |
| Equity | 10/15 | €111,925 | €101,727 | -€10,198 | -9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,895 | €141,895 | = | 0.0% |
| Distributable reserves | 133 | €141,895 | €141,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,170 | -€46,368 | -€10,198 | -28.2% |
| Amounts payable | 17/49 | €3,609 | €1,838 | -€1,771 | -49.1% |
| Amounts payable within one year | 42/48 | €3,609 | €1,838 | -€1,771 | -49.1% |
| Trade debts | 44 | €1,126 | €670 | -€456 | -40.5% |
| Suppliers | 440/4 | €1,126 | €670 | -€456 | -40.5% |
| Other amounts payable | 47/48 | €2,483 | €1,168 | -€1,315 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,244 | €8,338 | -€2,905 | -25.8% |
| Other operating charges | 640/8 | €3,174 | €675 | -€2,498 | -78.7% |
| Gross operating margin | 9900 | -€11,726 | -€1,033 | +€10,693 | +91.2% |
| Operating profit (loss) | 9901 | -€26,144 | -€10,047 | +€16,096 | +61.6% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.6% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.6% |
| Financial charges | 65/66B | €162 | €151 | -€11 | -6.6% |
| Recurring financial charges | 65 | €162 | €151 | -€11 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,298 | -€10,198 | +€16,099 | +61.2% |
| Profit (loss) for the period | 9904 | -€26,298 | -€10,198 | +€16,099 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,298 | -€10,198 | +€16,099 | +61.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.