MAR Technics: 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 Technics
Largest movements
- Tangible fixed assets -€8,144
down €8,144 (-30.0%), from €27,184 to €19,040
of which Furniture and vehicles: -€8,784
- Receivables within one year +€5,399
up €5,399 (+190%), from €2,843 to €8,242
of which Trade receivables: +€4,238
- Cash -€1,039
down €1,039 (-100%), from €1,039 to €0
mainly Debts after one year (-€5,854) and Receivables within one year (-€5,399)
- Deferred charges and accrued income +€976
up €976 (+26.0%), from €3,753 to €4,730
- Debts after one year -€5,854
down €5,854 (-50.3%), from €11,628 to €5,774
- Short-term financial debts +€4,994
new in 2025: €4,994
- Reserves -€2,968
down €2,968 (-23.9%), from €12,437 to €9,469
- Trade debts +€553
up €553 (+206%), from €269 to €823
- Current portion of long-term debt +€431
up €431 (+7.9%), from €5,423 to €5,854
- Gross operating margin -€2,233
down €2,233 (-17.2%), from €13,015 to €10,782
- Depreciation +€693
up €693 (+7.6%), from €9,091 to €9,784
- Other operating charges +€607
up €607 (+91.1%), from €666 to €1,273
- Financial charges +€572
up €572 (+27.0%), from €2,121 to €2,693
- Taxes -€287
down €287 (-100%), from €287 to €0
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 | €34,820 | €32,012 | -€2,808 | -8.1% |
| Fixed assets | 21/28 | €27,184 | €19,040 | -€8,144 | -30.0% |
| Tangible fixed assets | 22/27 | €27,184 | €19,040 | -€8,144 | -30.0% |
| Plant, machinery and equipment | 23 | €1,231 | €1,872 | +€640 | +52.0% |
| Furniture and vehicles | 24 | €25,953 | €17,168 | -€8,784 | -33.8% |
| Current assets | 29/58 | €7,636 | €12,972 | +€5,336 | +69.9% |
| Amounts receivable within one year | 40/41 | €2,843 | €8,242 | +€5,399 | +190% |
| Trade receivables | 40 | - | €4,238 | +€4,238 | |
| Other amounts receivable | 41 | €2,843 | €4,004 | +€1,160 | +40.8% |
| Cash at bank and in hand | 54/58 | €1,039 | €0 | -€1,039 | -100% |
| Deferred charges and accrued income | 490/1 | €3,753 | €4,730 | +€976 | +26.0% |
| Total equity and liabilities | 10/49 | €34,820 | €32,012 | -€2,808 | -8.1% |
| Equity | 10/15 | €14,937 | €11,969 | -€2,968 | -19.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,437 | €9,469 | -€2,968 | -23.9% |
| Distributable reserves | 133 | €12,437 | €9,469 | -€2,968 | -23.9% |
| Amounts payable | 17/49 | €19,882 | €20,042 | +€160 | +0.8% |
| Amounts payable after more than one year | 17 | €11,628 | €5,774 | -€5,854 | -50.3% |
| Financial debts | 170/4 | €11,628 | €5,774 | -€5,854 | -50.3% |
| Amounts payable within one year | 42/48 | €8,254 | €14,268 | +€6,014 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €5,423 | €5,854 | +€431 | +7.9% |
| Financial debts | 43 | - | €4,994 | +€4,994 | |
| Credit institutions | 430/8 | - | €4,994 | +€4,994 | |
| Trade debts | 44 | €269 | €823 | +€553 | +206% |
| Suppliers | 440/4 | €269 | €823 | +€553 | +206% |
| Taxes, remuneration and social security | 45 | €2,562 | €2,597 | +€35 | +1.4% |
| Taxes | 450/3 | €2,562 | €2,597 | +€35 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,091 | €9,784 | +€693 | +7.6% |
| Other operating charges | 640/8 | €666 | €1,273 | +€607 | +91.1% |
| Gross operating margin | 9900 | €13,015 | €10,782 | -€2,233 | -17.2% |
| Operating profit (loss) | 9901 | €3,258 | -€275 | -€3,533 | |
| Financial charges | 65/66B | €2,121 | €2,693 | +€572 | +27.0% |
| Recurring financial charges | 65 | €2,121 | €2,693 | +€572 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,136 | -€2,968 | -€4,105 | |
| Income taxes | 67/77 | €287 | €0 | -€287 | -100% |
| Profit (loss) for the period | 9904 | €849 | -€2,968 | -€3,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €849 | -€2,968 | -€3,817 |
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 13 October 2026 via checked.be.