MARAND IMMO: 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.
MARAND IMMO
Largest movements
- Cash +€2,078
up €2,078 (+74.1%), from €2,804 to €4,883
mainly Net result for the year (+€4,819) and Depreciation (+€1,780)
- Profit (loss) carried forward +€4,819
up €4,819 (+101.5%), from €4,748 to €9,568
- Other debts -€3,467
down €3,467 (-24.2%), from €14,326 to €10,860
- Trade debts +€843
up €843 (+116.2%), from €726 to €1,569
- Gross operating margin +€3,364
up €3,364 (+33.1%), from €10,167 to €13,531
- Taxes +€646
up €646 (+115.5%), from €559 to €1,205
- Other operating charges +€174
up €174 (+3.1%), from €5,551 to €5,726
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 | €30,542 | €32,756 | +€2,214 | +7.2% |
| Fixed assets | 21/28 | €24,832 | €24,988 | +€156 | +0.6% |
| Tangible fixed assets | 22/27 | €24,832 | €24,988 | +€156 | +0.6% |
| Land and buildings | 22 | €24,832 | €24,988 | +€156 | +0.6% |
| Current assets | 29/58 | €5,710 | €7,768 | +€2,058 | +36.0% |
| Amounts receivable within one year | 40/41 | €2,905 | €2,886 | -€20 | -0.7% |
| Trade receivables | 40 | €2,905 | €2,886 | -€20 | -0.7% |
| Cash at bank and in hand | 54/58 | €2,804 | €4,883 | +€2,078 | +74.1% |
| Total equity and liabilities | 10/49 | €30,542 | €32,756 | +€2,214 | +7.2% |
| Equity | 10/15 | €12,102 | €16,922 | +€4,819 | +39.8% |
| Contributions | 10/11 | €7,354 | €7,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,748 | €9,568 | +€4,819 | +101.5% |
| Amounts payable | 17/49 | €18,439 | €15,834 | -€2,606 | -14.1% |
| Amounts payable after more than one year | 17 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,239 | €13,634 | -€2,606 | -16.0% |
| Trade debts | 44 | €726 | €1,569 | +€843 | +116.2% |
| Suppliers | 440/4 | €726 | €1,569 | +€843 | +116.2% |
| Taxes, remuneration and social security | 45 | €1,187 | €1,205 | +€18 | +1.5% |
| Taxes | 450/3 | €1,187 | €1,205 | +€18 | +1.5% |
| Other amounts payable | 47/48 | €14,326 | €10,860 | -€3,467 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,820 | €1,780 | -€41 | -2.2% |
| Other operating charges | 640/8 | €5,551 | €5,726 | +€174 | +3.1% |
| Gross operating margin | 9900 | €10,167 | €13,531 | +€3,364 | +33.1% |
| Operating profit (loss) | 9901 | €2,796 | €6,026 | +€3,230 | +115.5% |
| Financial charges | 65/66B | - | €2 | +€2 | |
| Recurring financial charges | 65 | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | €2,796 | €6,024 | +€3,229 | +115.5% |
| Income taxes | 67/77 | €559 | €1,205 | +€646 | +115.5% |
| Profit (loss) for the period | 9904 | €2,237 | €4,819 | +€2,583 | +115.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,237 | €4,819 | +€2,583 | +115.5% |
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.