mar.lin: 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.lin
Largest movements
- Cash -€27,522
down €27,522 (-26.7%), from €103,119 to €75,597
mainly Other debts (-€71,677) and Investment in fixed assets (net) (-€50,174)
- Tangible fixed assets +€19,899
up €19,899 (+17.0%), from €117,132 to €137,031
of which Furniture and vehicles: +€35,944
- Reserves +€76,632
up €76,632 (+30.7%), from €249,455 to €326,087
- Other debts -€71,677
down €71,677 (-89.8%), from €79,837 to €8,160
- Gross operating margin -€21,931
down €21,931 (-10.9%), from €202,101 to €180,169
- Staff costs -€10,011
down €10,011 (-21.5%), from €46,615 to €36,605
- Depreciation +€9,480
up €9,480 (+45.6%), from €20,795 to €30,275
- Taxes -€6,134
down €6,134 (-16.8%), from €36,522 to €30,388
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 | €661,696 | €654,084 | -€7,612 | -1.2% |
| Fixed assets | 21/28 | €252,132 | €272,031 | +€19,899 | +7.9% |
| Tangible fixed assets | 22/27 | €117,132 | €137,031 | +€19,899 | +17.0% |
| Land and buildings | 22 | €86,819 | €75,806 | -€11,014 | -12.7% |
| Plant, machinery and equipment | 23 | €12,161 | €7,129 | -€5,032 | -41.4% |
| Furniture and vehicles | 24 | €18,152 | €54,097 | +€35,944 | +198.0% |
| Financial fixed assets | 28 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €409,563 | €382,053 | -€27,510 | -6.7% |
| Amounts receivable within one year | 40/41 | €303,281 | €301,569 | -€1,712 | -0.6% |
| Trade receivables | 40 | - | €21,869 | +€21,869 | |
| Other amounts receivable | 41 | €303,281 | €279,700 | -€23,581 | -7.8% |
| Cash at bank and in hand | 54/58 | €103,119 | €75,597 | -€27,522 | -26.7% |
| Deferred charges and accrued income | 490/1 | €3,163 | €4,886 | +€1,724 | +54.5% |
| Total equity and liabilities | 10/49 | €661,696 | €654,084 | -€7,612 | -1.2% |
| Equity | 10/15 | €541,955 | €618,587 | +€76,632 | +14.1% |
| Contributions | 10/11 | €292,500 | €292,500 | = | 0.0% |
| Reserves | 13 | €249,455 | €326,087 | +€76,632 | +30.7% |
| Distributable reserves | 133 | €249,455 | €326,087 | +€76,632 | +30.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,741 | €35,497 | -€84,244 | -70.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €116,954 | €32,786 | -€84,168 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €2,657 | €0 | -€2,657 | -100.0% |
| Trade debts | 44 | €3,295 | €0 | -€3,295 | -100.0% |
| Suppliers | 440/4 | €3,295 | €0 | -€3,295 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,164 | €24,626 | -€6,538 | -21.0% |
| Taxes | 450/3 | €25,447 | €24,626 | -€822 | -3.2% |
| Remuneration and social security | 454/9 | €5,717 | €0 | -€5,717 | -100.0% |
| Other amounts payable | 47/48 | €79,837 | €8,160 | -€71,677 | -89.8% |
| Accrued charges and deferred income | 492/3 | €2,787 | €2,711 | -€76 | -2.7% |
| Remuneration, social security and pensions | 62 | €46,615 | €36,605 | -€10,011 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,795 | €30,275 | +€9,480 | +45.6% |
| Other operating charges | 640/8 | €6,114 | €6,173 | +€60 | +1.0% |
| Gross operating margin | 9900 | €202,101 | €180,169 | -€21,931 | -10.9% |
| Operating profit (loss) | 9901 | €128,577 | €107,116 | -€21,460 | -16.7% |
| Financial income | 75/76B | €2,998 | €3,237 | +€239 | +8.0% |
| Recurring financial income | 75 | €2,998 | €3,237 | +€239 | +8.0% |
| Financial charges | 65/66B | €4,451 | €3,333 | -€1,117 | -25.1% |
| Recurring financial charges | 65 | €4,451 | €3,333 | -€1,117 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €127,124 | €107,020 | -€20,104 | -15.8% |
| Income taxes | 67/77 | €36,522 | €30,388 | -€6,134 | -16.8% |
| Profit (loss) for the period | 9904 | €90,602 | €76,632 | -€13,970 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,602 | €76,632 | -€13,970 | -15.4% |
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 12 October 2026 via checked.be.