MARER: 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.
What changed
MARER
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€113,773
2025 · €515,546-€401,773
Equity
€398,393
2025 · €284,620+€113,773
Cash
€2.0m
2025 · €2.0m+€93,487
Balance sheet total
€8.5m
2025 · €8.8m-€315,200
Largest movements
Assets
- Receivables within one year -€291,959
down €291,959 (-52.6%), from €554,913 to €262,955
of which Trade receivables: -€189,394
- Tangible fixed assets -€146,534
down €146,534 (-2.9%), from €5.0m to €4.8m
of which Land and buildings: -€145,298
- Intangible fixed assets -€118,429
down €118,429 (-82.0%), from €144,386 to €25,957
- Stocks and contracts +€105,345
up €105,345 (+9.5%), from €1.1m to €1.2m
- Cash +€93,487
up €93,487 (+4.8%), from €2.0m to €2.0m
mainly Depreciation (+€678,520) and Receivables within one year (+€291,959)
Equity and liabilities
- Debts after one year -€427,628
down €427,628 (-9.8%), from €4.4m to €3.9m
- Other debts -€173,538
down €173,538 (-22.5%), from €771,759 to €598,221
- Reserves +€113,773
up €113,773 (+51.1%), from €222,620 to €336,393
of which Distributable reserves: +€113,773
Income statement
- Turnover +€2.3m
up €2.3m (+10.6%), from €21.5m to €23.8m
- Goods and materials +€2.0m
up €2.0m (+11.3%), from €18.1m to €20.1m
of which Purchases: +€2.2m
From the 2025 result to the 2026 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.
Result 2025
€515,546
Turnover
+€2.3m
Other operating income
+€8,458
Goods and materials
-€2.0m
Services and other goods
-€135,572
Staff costs
-€138,877
Depreciation
-€133,843
Other operating charges
-€11,444
Other operating items
-€344,629
Financial charges
-€22,619
Taxes
+€131,463
Result 2026
€113,773
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€817,202
Investment
-€413,557
Financing
-€310,158
Cash 2025
€2.0m
From operations (derived)
+€817,202
Net result for the year
+€113,773
Depreciation
+€678,520
Stocks and contracts
-€105,345
Receivables within one year
+€291,959
Deferred charges and accrued income
-€42,890
Trade debts
+€15,287
Tax, wage and social debts
+€41,055
Other debts
-€173,538
Accrued charges and deferred income
-€1,619
Investment (derived)
-€413,557
Investment in fixed assets (net)
-€413,557
Financing
-€310,158
Debts after one year
-€427,628
Current portion of long-term debt
+€41,486
Short-term financial debts
+€75,984
Cash 2026
€2.0m
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,774,934 | €8,459,734 | -€315,200 | -3.6% |
| Fixed assets | 21/28 | €5,141,677 | €4,876,714 | -€264,962 | -5.2% |
| Intangible fixed assets | 21 | €144,386 | €25,957 | -€118,429 | -82.0% |
| Tangible fixed assets | 22/27 | €4,995,905 | €4,849,371 | -€146,534 | -2.9% |
| Land and buildings | 22 | €3,768,186 | €3,622,888 | -€145,298 | -3.9% |
| Plant, machinery and equipment | 23 | €1,195,300 | €1,190,545 | -€4,755 | -0.4% |
| Furniture and vehicles | 24 | €32,419 | €35,938 | +€3,519 | +10.9% |
| Financial fixed assets | 28 | €1,386 | €1,386 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,386 | €1,386 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,386 | €1,386 | = | 0.0% |
| Current assets | 29/58 | €3,633,257 | €3,583,019 | -€50,237 | -1.4% |
| Stocks and contracts in progress | 3 | €1,113,588 | €1,218,933 | +€105,345 | +9.5% |
| Stocks | 30/36 | €1,113,588 | €1,218,933 | +€105,345 | +9.5% |
| Goods purchased for resale | 34 | €1,113,588 | €1,218,933 | +€105,345 | +9.5% |
| Amounts receivable within one year | 40/41 | €554,913 | €262,955 | -€291,959 | -52.6% |
| Trade receivables | 40 | €260,238 | €70,843 | -€189,394 | -72.8% |
| Other amounts receivable | 41 | €294,676 | €192,111 | -€102,564 | -34.8% |
| Cash at bank and in hand | 54/58 | €1,954,577 | €2,048,064 | +€93,487 | +4.8% |
| Deferred charges and accrued income | 490/1 | €10,178 | €53,068 | +€42,890 | +421.4% |
| Total equity and liabilities | 10/49 | €8,774,934 | €8,459,734 | -€315,200 | -3.6% |
| Equity | 10/15 | €284,620 | €398,393 | +€113,773 | +40.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €222,620 | €336,393 | +€113,773 | +51.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €117,880 | €117,880 | = | 0.0% |
| Distributable reserves | 133 | €98,540 | €212,313 | +€113,773 | +115.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,490,314 | €8,061,341 | -€428,973 | -5.1% |
| Amounts payable after more than one year | 17 | €4,371,431 | €3,943,803 | -€427,628 | -9.8% |
| Financial debts | 170/4 | €4,371,431 | €3,943,803 | -€427,628 | -9.8% |
| Credit institutions | 173 | €4,371,431 | €3,943,803 | -€427,628 | -9.8% |
| Amounts payable within one year | 42/48 | €4,116,497 | €4,116,771 | +€274 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €553,415 | €594,901 | +€41,486 | +7.5% |
| Financial debts | 43 | €228,081 | €304,065 | +€75,984 | +33.3% |
| Credit institutions | 430/8 | €228,081 | €304,065 | +€75,984 | +33.3% |
| Trade debts | 44 | €2,199,087 | €2,214,374 | +€15,287 | +0.7% |
| Suppliers | 440/4 | €2,199,087 | €2,214,374 | +€15,287 | +0.7% |
| Taxes, remuneration and social security | 45 | €364,155 | €405,210 | +€41,055 | +11.3% |
| Taxes | 450/3 | €205,117 | €224,739 | +€19,621 | +9.6% |
| Remuneration and social security | 454/9 | €159,038 | €180,471 | +€21,434 | +13.5% |
| Other amounts payable | 47/48 | €771,759 | €598,221 | -€173,538 | -22.5% |
| Accrued charges and deferred income | 492/3 | €2,386 | €767 | -€1,619 | -67.9% |
| Operating income | 70/76A | €22,655,691 | €24,959,160 | +€2.3m | +10.2% |
| Turnover | 70 | €21,539,832 | €23,830,780 | +€2.3m | +10.6% |
| Other operating income | 74 | €1,115,859 | €1,124,316 | +€8,458 | +0.8% |
| Non-recurring operating income | 76A | - | €4,064 | +€4,064 | |
| Operating charges | 60/66A | €21,750,361 | €24,564,447 | +€2.8m | +12.9% |
| Goods for resale, raw materials and consumables | 60 | €18,103,527 | €20,149,184 | +€2.0m | +11.3% |
| Purchases | 600/8 | €18,078,441 | €20,238,905 | +€2.2m | +12.0% |
| Change in stocks: decrease (increase) | 609 | €25,086 | -€89,721 | -€114,808 | |
| Services and other goods | 61 | €1,719,998 | €1,855,570 | +€135,572 | +7.9% |
| Remuneration, social security and pensions | 62 | €1,285,341 | €1,424,218 | +€138,877 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544,677 | €678,520 | +€133,843 | +24.6% |
| Other operating charges | 640/8 | €96,818 | €108,262 | +€11,444 | +11.8% |
| Non-recurring operating charges | 66A | €0 | €348,693 | +€348,693 | |
| Operating profit (loss) | 9901 | €905,330 | €394,713 | -€510,617 | -56.4% |
| Financial charges | 65/66B | €169,857 | €192,476 | +€22,619 | +13.3% |
| Recurring financial charges | 65 | €169,857 | €192,476 | +€22,619 | +13.3% |
| Debt charges | 650 | €166,384 | €185,992 | +€19,608 | +11.8% |
| Other financial charges | 652/9 | €3,473 | €6,484 | +€3,011 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | €735,473 | €202,237 | -€533,236 | -72.5% |
| Income taxes | 67/77 | €219,928 | €88,464 | -€131,463 | -59.8% |
| Taxes | 670/3 | €219,928 | €88,464 | -€131,463 | -59.8% |
| Profit (loss) for the period | 9904 | €515,546 | €113,773 | -€401,773 | -77.9% |
| Transfer to tax-exempt reserves | 689 | €117,880 | €0 | -€117,880 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €397,666 | €113,773 | -€283,893 | -71.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.