Mare Constructions: 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 Constructions
Largest movements
- Receivables within one year -€1,433
no longer reported in 2025 (was €1,433)
- Tangible fixed assets -€1,200
down €1,200 (-41.5%), from €2,893 to €1,693
- Cash -€468
down €468 (-95.3%), from €491 to €23
mainly Net result for the year (-€3,909) and Tax, wage and social debts (-€535)
- Intangible fixed assets -€125
down €125 (-13.5%), from €926 to €801
- Deferred charges and accrued income -€88
no longer reported in 2025 (was €88)
- Profit (loss) carried forward -€3,909
down €3,909 (-33.1%), from -€11,824 to -€15,733
- Other debts +€938
up €938 (+10.2%), from €9,202 to €10,140
- Accrued charges and deferred income +€610
new in 2025: €610
- Tax, wage and social debts -€535
down €535 (-69.1%), from €774 to €239
- Trade debts -€418
down €418 (-10.0%), from €4,162 to €3,744
- Write-downs -€6,021
no longer reported in 2025 (was €6,021)
- Gross operating margin +€1,536
up €1,536 (+45.3%), from -€3,388 to -€1,852
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 | €7,332 | €4,018 | -€3,314 | -45.2% |
| Fixed assets | 21/28 | €3,820 | €2,495 | -€1,325 | -34.7% |
| Intangible fixed assets | 21 | €926 | €801 | -€125 | -13.5% |
| Tangible fixed assets | 22/27 | €2,893 | €1,693 | -€1,200 | -41.5% |
| Plant, machinery and equipment | 23 | €2,893 | €1,693 | -€1,200 | -41.5% |
| Current assets | 29/58 | €3,512 | €1,523 | -€1,989 | -56.6% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,433 | - | -€1,433 | |
| Trade receivables | 40 | €1,433 | - | -€1,433 | |
| Cash at bank and in hand | 54/58 | €491 | €23 | -€468 | -95.3% |
| Deferred charges and accrued income | 490/1 | €88 | - | -€88 | |
| Total equity and liabilities | 10/49 | €7,332 | €4,018 | -€3,314 | -45.2% |
| Equity | 10/15 | -€6,806 | -€10,715 | -€3,909 | -57.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18 | €18 | = | 0.0% |
| Distributable reserves | 133 | €18 | €18 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,824 | -€15,733 | -€3,909 | -33.1% |
| Amounts payable | 17/49 | €14,138 | €14,732 | +€595 | +4.2% |
| Amounts payable within one year | 42/48 | €14,138 | €14,123 | -€15 | -0.1% |
| Trade debts | 44 | €4,162 | €3,744 | -€418 | -10.0% |
| Suppliers | 440/4 | €4,162 | €3,744 | -€418 | -10.0% |
| Taxes, remuneration and social security | 45 | €774 | €239 | -€535 | -69.1% |
| Taxes | 450/3 | €774 | €239 | -€535 | -69.1% |
| Other amounts payable | 47/48 | €9,202 | €10,140 | +€938 | +10.2% |
| Accrued charges and deferred income | 492/3 | - | €610 | +€610 | |
| Non-recurring operating income | 76A | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €1,325 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,021 | - | -€6,021 | |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Non-recurring operating charges | 66A | €393 | - | -€393 | |
| Gross operating margin | 9900 | -€3,388 | -€1,852 | +€1,536 | +45.3% |
| Operating profit (loss) | 9901 | -€11,707 | -€3,771 | +€7,936 | +67.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €135 | €137 | +€2 | +1.4% |
| Recurring financial charges | 65 | €135 | €137 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,840 | -€3,909 | +€7,931 | +67.0% |
| Income taxes | 67/77 | -€15 | - | +€15 | |
| Profit (loss) for the period | 9904 | -€11,824 | -€3,909 | +€7,916 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,824 | -€3,909 | +€7,916 | +66.9% |
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 3 October 2026 via checked.be.