MARATHON: what changed
Two fiscal 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.
MARATHON
Largest movements
- Tangible fixed assets -€2,880
down €2,880 (-14.2%), from €20,350 to €17,470
of which Leasing and similar rights: -€2,880
- Profit (loss) carried forward -€2,880
down €2,880 (-1.1%), from -€259,728 to -€262,608
- Financial income -€1,098
no longer reported in 2025 (was €1,098)
of which Financial income: -€1,098
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 | €87,309 | €84,429 | -€2,880 | -3.3% |
| Fixed assets | 21/28 | €23,419 | €20,539 | -€2,880 | -12.3% |
| Tangible fixed assets | 22/27 | €20,350 | €17,470 | -€2,880 | -14.2% |
| Leasing and similar rights | 25 | €20,160 | €17,280 | -€2,880 | -14.3% |
| Other tangible fixed assets | 26 | €190 | €190 | = | 0.0% |
| Financial fixed assets | 28 | €3,069 | €3,069 | = | 0.0% |
| Current assets | 29/58 | €63,890 | €63,890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,777 | €63,777 | = | 0.0% |
| Trade receivables | 40 | €63,244 | €63,244 | = | 0.0% |
| Other amounts receivable | 41 | €533 | €533 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113 | €113 | = | 0.0% |
| Total equity and liabilities | 10/49 | €87,309 | €84,429 | -€2,880 | -3.3% |
| Equity | 10/15 | -€72,339 | -€75,219 | -€2,880 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,188 | €181,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,000 | €57,000 | = | 0.0% |
| Distributable reserves | 133 | €122,329 | €122,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,728 | -€262,608 | -€2,880 | -1.1% |
| Amounts payable | 17/49 | €159,649 | €159,649 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,649 | €159,649 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €27,025 | €27,025 | = | 0.0% |
| Trade debts | 44 | €34,726 | €34,726 | = | 0.0% |
| Suppliers | 440/4 | €34,726 | €34,726 | = | 0.0% |
| Advances received on contracts in progress | 46 | €304 | €304 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,552 | €3,552 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,552 | €3,552 | = | 0.0% |
| Other amounts payable | 47/48 | €94,042 | €94,042 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,880 | €2,880 | = | 0.0% |
| Operating profit (loss) | 9901 | -€2,880 | -€2,880 | = | 0.0% |
| Financial income | 75/76B | €1,098 | - | -€1,098 | |
| Recurring financial income | 75 | €1,098 | - | -€1,098 | |
| Non-recurring financial income | 76B | €1,098 | - | -€1,098 | |
| Profit (loss) for the period before taxes | 9903 | -€1,782 | -€2,880 | -€1,098 | -61.6% |
| Profit (loss) for the period | 9904 | -€1,782 | -€2,880 | -€1,098 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,782 | -€2,880 | -€1,098 | -61.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.