MAR-BRU: 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.
MAR-BRU
Largest movements
- Cash +€18,674
new in 2025: €18,674
mainly Receivables within one year (+€10,571) and Tax, wage and social debts (+€7,113)
- Receivables within one year -€10,571
down €10,571 (-71.1%), from €14,878 to €4,307
of which Trade receivables: -€10,631
- Tax, wage and social debts +€7,113
up €7,113 (+183.6%), from €3,873 to €10,987
- Profit (loss) carried forward +€2,612
up €2,612 (+19.3%), from -€13,551 to -€10,939
- Short-term financial debts -€2,148
no longer reported in 2025 (was €2,148)
- Trade debts +€525
up €525 (+7.6%), from €6,937 to €7,463
- Gross operating margin +€7,133
up €7,133, from -€3,787 to €3,346
- Depreciation -€363
no longer reported in 2025 (was €363)
- Financial charges +€148
up €148 (+45.5%), from €326 to €475
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 | €14,968 | €23,070 | +€8,102 | +54.1% |
| Fixed assets | 21/28 | €90 | €90 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €14,878 | €22,980 | +€8,102 | +54.5% |
| Amounts receivable within one year | 40/41 | €14,878 | €4,307 | -€10,571 | -71.1% |
| Trade receivables | 40 | €12,285 | €1,654 | -€10,631 | -86.5% |
| Other amounts receivable | 41 | €2,593 | €2,653 | +€60 | +2.3% |
| Cash at bank and in hand | 54/58 | - | €18,674 | +€18,674 | |
| Total equity and liabilities | 10/49 | €14,968 | €23,070 | +€8,102 | +54.1% |
| Equity | 10/15 | €2,009 | €4,621 | +€2,612 | +130.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,360 | €9,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,551 | -€10,939 | +€2,612 | +19.3% |
| Amounts payable | 17/49 | €12,959 | €18,449 | +€5,490 | +42.4% |
| Amounts payable within one year | 42/48 | €12,959 | €18,449 | +€5,490 | +42.4% |
| Financial debts | 43 | €2,148 | - | -€2,148 | |
| Credit institutions | 430/8 | €2,148 | - | -€2,148 | |
| Trade debts | 44 | €6,937 | €7,463 | +€525 | +7.6% |
| Suppliers | 440/4 | €6,937 | €7,463 | +€525 | +7.6% |
| Taxes, remuneration and social security | 45 | €3,873 | €10,987 | +€7,113 | +183.6% |
| Remuneration and social security | 454/9 | €3,873 | €10,987 | +€7,113 | +183.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | - | -€363 | |
| Other operating charges | 640/8 | €384 | €407 | +€22 | +5.8% |
| Gross operating margin | 9900 | -€3,787 | €3,346 | +€7,133 | |
| Operating profit (loss) | 9901 | -€4,534 | €2,939 | +€7,473 | |
| Financial income | 75/76B | €136 | €147 | +€12 | +8.5% |
| Recurring financial income | 75 | €136 | €147 | +€12 | +8.5% |
| Financial charges | 65/66B | €326 | €475 | +€148 | +45.5% |
| Recurring financial charges | 65 | €326 | €475 | +€148 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,724 | €2,612 | +€7,336 | |
| Profit (loss) for the period | 9904 | -€4,724 | €2,612 | +€7,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,724 | €2,612 | +€7,336 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.