Mari Insights: 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.
Mari Insights
Largest movements
- Receivables after one year +€70,000
new in 2025: €70,000
- Cash +€17,121
up €17,121 (+46.7%), from €36,678 to €53,800
mainly Net result for the year (+€77,510) and Tax, wage and social debts (+€20,340)
- Tangible fixed assets -€10,569
down €10,569 (-24.0%), from €43,960 to €33,391
- Current investments +€10,000
new in 2025: €10,000
- Receivables within one year +€2,619
up €2,619 (+9.6%), from €27,225 to €29,844
of which Other amounts receivable: +€1,383
- Reserves +€77,510
up €77,510 (+170%), from €45,615 to €123,125
- Tax, wage and social debts +€20,340
up €20,340 (+97.7%), from €20,817 to €41,157
of which Taxes: +€20,446
- Debts after one year -€8,766
down €8,766 (-29.4%), from €29,778 to €21,013
- Gross operating margin +€41,677
up €41,677 (+61.9%), from €67,285 to €108,962
- Taxes +€8,030
up €8,030 (+68.9%), from €11,658 to €19,688
- Depreciation +€2,428
up €2,428 (+29.8%), from €8,141 to €10,569
- Financial income +€1,571
new in 2025: €1,571
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 | €107,863 | €197,035 | +€89,172 | +82.7% |
| Fixed assets | 21/28 | €43,960 | €33,391 | -€10,569 | -24.0% |
| Tangible fixed assets | 22/27 | €43,960 | €33,391 | -€10,569 | -24.0% |
| Furniture and vehicles | 24 | €43,960 | €33,391 | -€10,569 | -24.0% |
| Current assets | 29/58 | €63,903 | €163,644 | +€99,741 | +156% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Trade receivables | 290 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €27,225 | €29,844 | +€2,619 | +9.6% |
| Trade receivables | 40 | €27,225 | €28,462 | +€1,237 | +4.5% |
| Other amounts receivable | 41 | - | €1,383 | +€1,383 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €36,678 | €53,800 | +€17,121 | +46.7% |
| Total equity and liabilities | 10/49 | €107,863 | €197,035 | +€89,172 | +82.7% |
| Equity | 10/15 | €46,615 | €124,125 | +€77,510 | +166% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,615 | €123,125 | +€77,510 | +170% |
| Distributable reserves | 133 | €45,615 | €123,125 | +€77,510 | +170% |
| Amounts payable | 17/49 | €61,249 | €72,910 | +€11,662 | +19.0% |
| Amounts payable after more than one year | 17 | €29,778 | €21,013 | -€8,766 | -29.4% |
| Financial debts | 170/4 | €29,778 | €21,013 | -€8,766 | -29.4% |
| Amounts payable within one year | 42/48 | €31,470 | €51,897 | +€20,427 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €8,432 | €8,766 | +€334 | +4.0% |
| Trade debts | 44 | €604 | €104 | -€501 | -82.8% |
| Suppliers | 440/4 | €604 | €104 | -€501 | -82.8% |
| Taxes, remuneration and social security | 45 | €20,817 | €41,157 | +€20,340 | +97.7% |
| Taxes | 450/3 | €20,712 | €41,157 | +€20,446 | +98.7% |
| Remuneration and social security | 454/9 | €105 | €0 | -€105 | -100% |
| Other amounts payable | 47/48 | €1,617 | €1,871 | +€254 | +15.7% |
| Remuneration, social security and pensions | 62 | €530 | €733 | +€203 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,141 | €10,569 | +€2,428 | +29.8% |
| Other operating charges | 640/8 | €106 | €589 | +€484 | +458% |
| Gross operating margin | 9900 | €67,285 | €108,962 | +€41,677 | +61.9% |
| Operating profit (loss) | 9901 | €58,509 | €97,071 | +€38,562 | +65.9% |
| Financial income | 75/76B | - | €1,571 | +€1,571 | |
| Recurring financial income | 75 | - | €1,571 | +€1,571 | |
| Financial charges | 65/66B | €1,237 | €1,444 | +€208 | +16.8% |
| Recurring financial charges | 65 | €1,237 | €1,444 | +€208 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €57,273 | €97,198 | +€39,926 | +69.7% |
| Income taxes | 67/77 | €11,658 | €19,688 | +€8,030 | +68.9% |
| Profit (loss) for the period | 9904 | €45,615 | €77,510 | +€31,896 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,615 | €77,510 | +€31,896 | +69.9% |
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 26 October 2026 via checked.be.