MARCINELLE 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.
MARCINELLE IMMO
Largest movements
- Cash -€27,892
down €27,892 (-93.9%), from €29,703 to €1,811
mainly Other debts (-€50,000) and Contributions, distributions and other (-€46,250)
- Tangible fixed assets +€5,054
up €5,054 (+1.7%), from €302,366 to €307,420
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Profit (loss) carried forward +€24,208
up €24,208 (+13.0%), from €186,785 to €210,993
- Gross operating margin +€2,129
up €2,129 (+2.1%), from €102,222 to €104,350
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 | €333,367 | €309,231 | -€24,136 | -7.2% |
| Fixed assets | 21/28 | €302,366 | €307,420 | +€5,054 | +1.7% |
| Tangible fixed assets | 22/27 | €302,366 | €307,420 | +€5,054 | +1.7% |
| Land and buildings | 22 | €302,366 | €307,420 | +€5,054 | +1.7% |
| Current assets | 29/58 | €31,001 | €1,811 | -€29,190 | -94.2% |
| Cash at bank and in hand | 54/58 | €29,703 | €1,811 | -€27,892 | -93.9% |
| Deferred charges and accrued income | 490/1 | €1,297 | - | -€1,297 | |
| Total equity and liabilities | 10/49 | €333,367 | €309,231 | -€24,136 | -7.2% |
| Equity | 10/15 | €283,153 | €307,361 | +€24,208 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,785 | €210,993 | +€24,208 | +13.0% |
| Amounts payable | 17/49 | €50,214 | €1,870 | -€48,344 | -96.3% |
| Amounts payable within one year | 42/48 | €50,214 | €1,870 | -€48,344 | -96.3% |
| Taxes, remuneration and social security | 45 | €214 | €1,870 | +€1,656 | +773% |
| Taxes | 450/3 | €214 | €1,870 | +€1,656 | +773% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €739 | +€203 | +37.9% |
| Other operating charges | 640/8 | €9,179 | €9,467 | +€288 | +3.1% |
| Gross operating margin | 9900 | €102,222 | €104,350 | +€2,129 | +2.1% |
| Operating profit (loss) | 9901 | €92,507 | €94,144 | +€1,637 | +1.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €92,477 | €94,114 | +€1,637 | +1.8% |
| Income taxes | 67/77 | €23,214 | €23,656 | +€442 | +1.9% |
| Profit (loss) for the period | 9904 | €69,263 | €70,458 | +€1,196 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,263 | €70,458 | +€1,196 | +1.7% |
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 15 October 2026 via checked.be.