Marai Liesbeth: 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.
Marai Liesbeth
Largest movements
- Cash +€20,517
up €20,517 (+35.4%), from €57,908 to €78,424
mainly Other debts (+€57,167) and Net result for the year (+€27,386)
- Deferred charges and accrued income +€6,616
up €6,616 (+322%), from €2,052 to €8,668
- Receivables within one year -€5,639
down €5,639 (-29.1%), from €19,409 to €13,770
of which Trade receivables: -€6,380
- Tangible fixed assets +€1,644
up €1,644 (+256%), from €642 to €2,286
of which Furniture and vehicles: +€1,854
- Other debts +€57,167
up €57,167 (+6,863%), from €833 to €58,000
- Reserves -€30,614
down €30,614 (-45.8%), from €66,858 to €36,244
- Trade debts -€3,842
down €3,842 (-62.4%), from €6,156 to €2,315
- Gross operating margin +€13,042
up €13,042 (+47.5%), from €27,451 to €40,493
- Taxes +€4,598
up €4,598 (+81.2%), from €5,662 to €10,261
- Other operating charges +€889
up €889 (+253%), from €351 to €1,240
- Depreciation +€422
up €422 (+200%), from €211 to €632
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 | €80,010 | €103,148 | +€23,138 | +28.9% |
| Fixed assets | 21/28 | €642 | €2,286 | +€1,644 | +256% |
| Tangible fixed assets | 22/27 | €642 | €2,286 | +€1,644 | +256% |
| Plant, machinery and equipment | 23 | €642 | €431 | -€211 | -32.8% |
| Furniture and vehicles | 24 | - | €1,854 | +€1,854 | |
| Current assets | 29/58 | €79,368 | €100,862 | +€21,495 | +27.1% |
| Amounts receivable within one year | 40/41 | €19,409 | €13,770 | -€5,639 | -29.1% |
| Trade receivables | 40 | €6,380 | €0 | -€6,380 | -100% |
| Other amounts receivable | 41 | €13,029 | €13,770 | +€741 | +5.7% |
| Cash at bank and in hand | 54/58 | €57,908 | €78,424 | +€20,517 | +35.4% |
| Deferred charges and accrued income | 490/1 | €2,052 | €8,668 | +€6,616 | +322% |
| Total equity and liabilities | 10/49 | €80,010 | €103,148 | +€23,138 | +28.9% |
| Equity | 10/15 | €72,858 | €42,244 | -€30,614 | -42.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €66,858 | €36,244 | -€30,614 | -45.8% |
| Distributable reserves | 133 | €66,858 | €36,244 | -€30,614 | -45.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,151 | €60,904 | +€53,753 | +752% |
| Amounts payable within one year | 42/48 | €7,151 | €60,904 | +€53,753 | +752% |
| Trade debts | 44 | €6,156 | €2,315 | -€3,842 | -62.4% |
| Suppliers | 440/4 | €6,156 | €2,315 | -€3,842 | -62.4% |
| Taxes, remuneration and social security | 45 | €162 | €590 | +€427 | +263% |
| Taxes | 450/3 | €162 | €590 | +€427 | +263% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €833 | €58,000 | +€57,167 | +6,863% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €632 | +€422 | +200% |
| Other operating charges | 640/8 | €351 | €1,240 | +€889 | +253% |
| Gross operating margin | 9900 | €27,451 | €40,493 | +€13,042 | +47.5% |
| Operating profit (loss) | 9901 | €26,890 | €38,621 | +€11,731 | +43.6% |
| Financial income | 75/76B | €834 | €871 | +€37 | +4.5% |
| Recurring financial income | 75 | €834 | €871 | +€37 | +4.5% |
| Financial charges | 65/66B | €2,115 | €1,846 | -€269 | -12.7% |
| Recurring financial charges | 65 | €2,115 | €1,846 | -€269 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €25,609 | €37,646 | +€12,037 | +47.0% |
| Income taxes | 67/77 | €5,662 | €10,261 | +€4,598 | +81.2% |
| Profit (loss) for the period | 9904 | €19,946 | €27,386 | +€7,439 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,946 | €27,386 | +€7,439 | +37.3% |
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 1 November 2026 via checked.be.