Mare & Co: 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.
Mare & Co
Largest movements
- Receivables within one year -€40,218
down €40,218 (-51.7%), from €77,745 to €37,526
of which Other amounts receivable: -€45,181
- Cash +€17,601
up €17,601 (+1147.1%), from €1,534 to €19,136
mainly Receivables within one year (+€40,218) and Trade debts (+€14,596)
- Financial fixed assets +€2,660
new in 2025: €2,660
- Deferred charges and accrued income +€927
up €927 (+619.9%), from €150 to €1,077
- Other debts -€38,500
down €38,500 (-100.0%), from €38,500 to €0
- Trade debts +€14,596
up €14,596 (+89.0%), from €16,396 to €30,993
- Tax, wage and social debts +€4,453
up €4,453 (+21.2%), from €20,986 to €25,439
of which Taxes: +€4,495
- Gross operating margin -€41,651
down €41,651 (-96.8%), from €43,019 to €1,368
- Taxes -€9,141
down €9,141 (-98.6%), from €9,270 to €129
- Financial charges -€1,250
down €1,250 (-60.5%), from €2,068 to €817
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 | €79,429 | €60,399 | -€19,030 | -24.0% |
| Fixed assets | 21/28 | - | €2,660 | +€2,660 | |
| Financial fixed assets | 28 | - | €2,660 | +€2,660 | |
| Current assets | 29/58 | €79,429 | €57,739 | -€21,690 | -27.3% |
| Amounts receivable within one year | 40/41 | €77,745 | €37,526 | -€40,218 | -51.7% |
| Trade receivables | 40 | €24,538 | €29,500 | +€4,963 | +20.2% |
| Other amounts receivable | 41 | €53,207 | €8,026 | -€45,181 | -84.9% |
| Cash at bank and in hand | 54/58 | €1,534 | €19,136 | +€17,601 | +1147.1% |
| Deferred charges and accrued income | 490/1 | €150 | €1,077 | +€927 | +619.9% |
| Total equity and liabilities | 10/49 | €79,429 | €60,399 | -€19,030 | -24.0% |
| Equity | 10/15 | €3,546 | €3,967 | +€421 | +11.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46 | €467 | +€421 | +905.4% |
| Amounts payable | 17/49 | €75,882 | €56,431 | -€19,451 | -25.6% |
| Amounts payable within one year | 42/48 | €75,882 | €56,431 | -€19,451 | -25.6% |
| Trade debts | 44 | €16,396 | €30,993 | +€14,596 | +89.0% |
| Suppliers | 440/4 | €16,396 | €30,993 | +€14,596 | +89.0% |
| Taxes, remuneration and social security | 45 | €20,986 | €25,439 | +€4,453 | +21.2% |
| Taxes | 450/3 | €10,389 | €14,884 | +€4,495 | +43.3% |
| Remuneration and social security | 454/9 | €10,597 | €10,554 | -€42 | -0.4% |
| Other amounts payable | 47/48 | €38,500 | €0 | -€38,500 | -100.0% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | €43,019 | €1,368 | -€41,651 | -96.8% |
| Operating profit (loss) | 9901 | €42,631 | €1,368 | -€41,264 | -96.8% |
| Financial charges | 65/66B | €2,068 | €817 | -€1,250 | -60.5% |
| Recurring financial charges | 65 | €2,068 | €817 | -€1,250 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €40,563 | €550 | -€40,013 | -98.6% |
| Income taxes | 67/77 | €9,270 | €129 | -€9,141 | -98.6% |
| Profit (loss) for the period | 9904 | €31,293 | €421 | -€30,872 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,293 | €421 | -€30,872 | -98.7% |
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 8 October 2026 via checked.be.