Mari - team: 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 - team
Largest movements
- Stocks and contracts +€25,044
up €25,044 (+22.4%), from €111,720 to €136,764
- Receivables within one year +€13,951
up €13,951 (+8.9%), from €156,181 to €170,132
of which Trade receivables: +€9,535
- Tangible fixed assets -€9,852
down €9,852 (-29.5%), from €33,378 to €23,526
of which Plant, machinery and equipment: -€5,429
- Cash +€8,900
up €8,900 (+14.1%), from €63,022 to €71,922
mainly Net result for the year (+€18,777) and Tax, wage and social debts (+€12,935)
- Reserves +€18,777
up €18,777 (+18.2%), from €103,262 to €122,040
- Tax, wage and social debts +€12,935
up €12,935 (+25.1%), from €51,502 to €64,437
of which Taxes: +€13,643
- Other debts +€12,000
up €12,000 (+118%), from €10,160 to €22,160
- Short-term financial debts -€6,000
down €6,000 (-5.7%), from €106,000 to €100,000
of which Other loans: -€6,000
- Gross operating margin +€56,747
up €56,747 (+28.0%), from €202,402 to €259,149
- Other operating charges +€43,007
up €43,007 (+28.6%), from €150,133 to €193,140
- Staff costs +€3,450
up €3,450 (+66.4%), from €5,199 to €8,649
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 | €402,178 | €438,889 | +€36,710 | +9.1% |
| Fixed assets | 21/28 | €43,886 | €34,034 | -€9,852 | -22.4% |
| Tangible fixed assets | 22/27 | €33,378 | €23,526 | -€9,852 | -29.5% |
| Plant, machinery and equipment | 23 | €17,075 | €11,645 | -€5,429 | -31.8% |
| Furniture and vehicles | 24 | €16,303 | €11,880 | -€4,423 | -27.1% |
| Financial fixed assets | 28 | €10,508 | €10,508 | = | 0.0% |
| Current assets | 29/58 | €358,293 | €404,855 | +€46,562 | +13.0% |
| Stocks and contracts in progress | 3 | €111,720 | €136,764 | +€25,044 | +22.4% |
| Stocks | 30/36 | €111,720 | €136,764 | +€25,044 | +22.4% |
| Amounts receivable within one year | 40/41 | €156,181 | €170,132 | +€13,951 | +8.9% |
| Trade receivables | 40 | €140,837 | €150,372 | +€9,535 | +6.8% |
| Other amounts receivable | 41 | €15,344 | €19,760 | +€4,416 | +28.8% |
| Cash at bank and in hand | 54/58 | €63,022 | €71,922 | +€8,900 | +14.1% |
| Deferred charges and accrued income | 490/1 | €27,370 | €26,037 | -€1,333 | -4.9% |
| Total equity and liabilities | 10/49 | €402,178 | €438,889 | +€36,710 | +9.1% |
| Equity | 10/15 | €143,262 | €162,040 | +€18,777 | +13.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €103,262 | €122,040 | +€18,777 | +18.2% |
| Distributable reserves | 133 | €103,262 | €122,040 | +€18,777 | +18.2% |
| Amounts payable | 17/49 | €258,916 | €276,849 | +€17,933 | +6.9% |
| Amounts payable within one year | 42/48 | €256,632 | €275,376 | +€18,744 | +7.3% |
| Financial debts | 43 | €106,000 | €100,000 | -€6,000 | -5.7% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €6,000 | €0 | -€6,000 | -100% |
| Trade debts | 44 | €88,970 | €87,497 | -€1,473 | -1.7% |
| Suppliers | 440/4 | €88,970 | €87,497 | -€1,473 | -1.7% |
| Advances received on contracts in progress | 46 | - | €1,283 | +€1,283 | |
| Taxes, remuneration and social security | 45 | €51,502 | €64,437 | +€12,935 | +25.1% |
| Taxes | 450/3 | €50,794 | €64,437 | +€13,643 | +26.9% |
| Remuneration and social security | 454/9 | €708 | €0 | -€708 | -100% |
| Other amounts payable | 47/48 | €10,160 | €22,160 | +€12,000 | +118% |
| Accrued charges and deferred income | 492/3 | €2,284 | €1,473 | -€811 | -35.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €5,199 | €8,649 | +€3,450 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,697 | €9,852 | +€155 | +1.6% |
| Other operating charges | 640/8 | €150,133 | €193,140 | +€43,007 | +28.6% |
| Non-recurring operating charges | 66A | €18,000 | €18,000 | = | 0.0% |
| Gross operating margin | 9900 | €202,402 | €259,149 | +€56,747 | +28.0% |
| Operating profit (loss) | 9901 | €19,373 | €29,507 | +€10,134 | +52.3% |
| Financial income | 75/76B | €173 | €145 | -€27 | -15.9% |
| Recurring financial income | 75 | €173 | €145 | -€27 | -15.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €12,455 | €10,079 | -€2,376 | -19.1% |
| Recurring financial charges | 65 | €12,455 | €10,079 | -€2,376 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €7,091 | €19,574 | +€12,482 | +176% |
| Income taxes | 67/77 | €405 | €796 | +€391 | +96.4% |
| Profit (loss) for the period | 9904 | €6,686 | €18,777 | +€12,091 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €6,686 | €18,777 | +€12,091 | +181% |
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 13 October 2026 via checked.be.