MAR-LINE: 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-LINE
Largest movements
- Cash -€2,728
down €2,728 (-85.5%), from €3,190 to €462
mainly Net result for the year (-€17,833) and Deferred charges and accrued income (-€2,400)
- Deferred charges and accrued income +€2,400
up €2,400 (+25.0%), from €9,600 to €12,000
- Receivables within one year -€1,567
down €1,567 (-99.4%), from €1,577 to €10
- Other debts +€18,004
up €18,004 (+35.2%), from €51,196 to €69,200
- Profit (loss) carried forward -€17,833
down €17,833 (-214.9%), from -€8,297 to -€26,130
- Trade debts -€1,754
down €1,754 (-41.2%), from €4,260 to €2,507
- Financial income -€5,293
down €5,293 (-99.4%), from €5,326 to €33
- Financial charges +€4,114
up €4,114 (+2007.2%), from €205 to €4,319
- Gross operating margin +€3,069
up €3,069 (+61.7%), from -€4,977 to -€1,908
- Other operating charges +€483
up €483 (+4.6%), from €10,573 to €11,056
- Depreciation -€201
down €201 (-25.7%), from €785 to €583
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 | €145,131 | €142,653 | -€2,478 | -1.7% |
| Fixed assets | 21/28 | €129,618 | €129,034 | -€583 | -0.5% |
| Tangible fixed assets | 22/27 | €129,618 | €129,034 | -€583 | -0.5% |
| Land and buildings | 22 | €129,618 | €129,034 | -€583 | -0.5% |
| Current assets | 29/58 | €15,513 | €13,619 | -€1,894 | -12.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,147 | €1,147 | = | 0.0% |
| Stocks | 30/36 | €1,147 | €1,147 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,577 | €10 | -€1,567 | -99.4% |
| Other amounts receivable | 41 | €1,577 | €10 | -€1,567 | -99.4% |
| Cash at bank and in hand | 54/58 | €3,190 | €462 | -€2,728 | -85.5% |
| Deferred charges and accrued income | 490/1 | €9,600 | €12,000 | +€2,400 | +25.0% |
| Total equity and liabilities | 10/49 | €145,131 | €142,653 | -€2,478 | -1.7% |
| Equity | 10/15 | €87,571 | €69,738 | -€17,833 | -20.4% |
| Contributions | 10/11 | €87,010 | €87,010 | = | 0.0% |
| Capital | 10 | €87,010 | €87,010 | = | 0.0% |
| Issued capital | 100 | €87,010 | €87,010 | = | 0.0% |
| Reserves | 13 | €8,859 | €8,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,859 | €8,859 | = | 0.0% |
| Legal reserve | 130 | €8,859 | €8,859 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,297 | -€26,130 | -€17,833 | -214.9% |
| Amounts payable | 17/49 | €57,560 | €72,915 | +€15,356 | +26.7% |
| Amounts payable within one year | 42/48 | €57,560 | €72,915 | +€15,356 | +26.7% |
| Trade debts | 44 | €4,260 | €2,507 | -€1,754 | -41.2% |
| Suppliers | 440/4 | €4,260 | €2,507 | -€1,754 | -41.2% |
| Taxes, remuneration and social security | 45 | €2,103 | €1,208 | -€895 | -42.5% |
| Taxes | 450/3 | €2,103 | €1,208 | -€895 | -42.5% |
| Other amounts payable | 47/48 | €51,196 | €69,200 | +€18,004 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €583 | -€201 | -25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,573 | €11,056 | +€483 | +4.6% |
| Gross operating margin | 9900 | -€4,977 | -€1,908 | +€3,069 | +61.7% |
| Operating profit (loss) | 9901 | -€16,335 | -€13,548 | +€2,787 | +17.1% |
| Financial income | 75/76B | €5,326 | €33 | -€5,293 | -99.4% |
| Recurring financial income | 75 | €5,326 | €33 | -€5,293 | -99.4% |
| Financial charges | 65/66B | €205 | €4,319 | +€4,114 | +2007.2% |
| Recurring financial charges | 65 | €205 | €4,319 | +€4,114 | +2007.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,214 | -€17,833 | -€6,619 | -59.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,214 | -€17,833 | -€6,619 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,214 | -€17,833 | -€6,619 | -59.0% |
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 10 October 2026 via checked.be.