MARCIMMO: 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.
MARCIMMO
Largest movements
- Receivables within one year -€24,620
down €24,620 (-18.4%), from €133,902 to €109,282
- Tangible fixed assets -€5,665
down €5,665 (-7.4%), from €76,569 to €70,904
- Profit (loss) carried forward -€30,461
down €30,461 (-29.6%), from -€102,756 to -€133,217
- Depreciation -€10,099
down €10,099 (-64.1%), from €15,764 to €5,665
- Gross operating margin -€2,101
down €2,101 (-23.9%), from €8,805 to €6,704
- Taxes +€344
new in 2025: €344
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,471 | €180,185 | -€30,285 | -14.4% |
| Fixed assets | 21/28 | €76,569 | €70,904 | -€5,665 | -7.4% |
| Tangible fixed assets | 22/27 | €76,569 | €70,904 | -€5,665 | -7.4% |
| Land and buildings | 22 | €76,569 | €70,904 | -€5,665 | -7.4% |
| Current assets | 29/58 | €133,902 | €109,282 | -€24,620 | -18.4% |
| Amounts receivable within one year | 40/41 | €133,902 | €109,282 | -€24,620 | -18.4% |
| Other amounts receivable | 41 | €133,902 | €109,282 | -€24,620 | -18.4% |
| Total equity and liabilities | 10/49 | €210,471 | €180,185 | -€30,285 | -14.4% |
| Equity | 10/15 | €210,471 | €180,009 | -€30,461 | -14.5% |
| Contributions | 10/11 | €309,866 | €309,866 | = | 0.0% |
| Capital | 10 | €309,866 | €309,866 | = | 0.0% |
| Issued capital | 100 | €309,866 | €309,866 | = | 0.0% |
| Reserves | 13 | €3,360 | €3,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,360 | €3,360 | = | 0.0% |
| Legal reserve | 130 | €3,360 | €3,360 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€102,756 | -€133,217 | -€30,461 | -29.6% |
| Amounts payable | 17/49 | - | €176 | +€176 | |
| Amounts payable within one year | 42/48 | - | €176 | +€176 | |
| Taxes, remuneration and social security | 45 | - | €176 | +€176 | |
| Taxes | 450/3 | - | €176 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,764 | €5,665 | -€10,099 | -64.1% |
| Other operating charges | 640/8 | €31,200 | €31,156 | -€44 | -0.1% |
| Gross operating margin | 9900 | €8,805 | €6,704 | -€2,101 | -23.9% |
| Operating profit (loss) | 9901 | -€38,159 | -€30,117 | +€8,042 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,159 | -€30,117 | +€8,042 | +21.1% |
| Income taxes | 67/77 | - | €344 | +€344 | |
| Profit (loss) for the period | 9904 | -€38,159 | -€30,461 | +€7,698 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,159 | -€30,461 | +€7,698 | +20.2% |
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.