MARIAN: 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.
MARIAN
Largest movements
- Tangible fixed assets -€10,686
down €10,686 (-21.2%), from €50,410 to €39,724
of which Land and buildings: -€11,475
- Deferred charges and accrued income +€7,858
up €7,858 (+162.0%), from €4,850 to €12,707
- Receivables within one year +€7,159
up €7,159 (+17.3%), from €41,393 to €48,552
of which Other amounts receivable: +€5,853
- Cash -€4,919
down €4,919 (-20.6%), from €23,894 to €18,975
mainly Debts after one year (-€12,752) and Deferred charges and accrued income (-€7,858)
- Debts after one year -€12,752
down €12,752 (-18.1%), from €70,442 to €57,690
- Profit (loss) carried forward +€7,773
up €7,773 (+78.9%), from -€9,847 to -€2,074
- Tax, wage and social debts +€3,300
up €3,300 (+138.4%), from €2,384 to €5,684
- Gross operating margin +€9,462
up €9,462 (+47.1%), from €20,071 to €29,533
- Financial charges -€3,793
down €3,793 (-48.5%), from €7,829 to €4,036
of which Non-recurring financial charges: -€3,339
- Taxes +€2,712
up €2,712 (+1481.5%), from €183 to €2,895
- Depreciation -€2,699
down €2,699 (-15.2%), from €17,755 to €15,055
- Other operating charges -€874
down €874 (-27.9%), from €3,135 to €2,261
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 | €120,547 | €119,959 | -€588 | -0.5% |
| Fixed assets | 21/28 | €50,410 | €39,724 | -€10,686 | -21.2% |
| Tangible fixed assets | 22/27 | €50,410 | €39,724 | -€10,686 | -21.2% |
| Land and buildings | 22 | €44,681 | €33,205 | -€11,475 | -25.7% |
| Plant, machinery and equipment | 23 | €1,277 | €797 | -€480 | -37.6% |
| Furniture and vehicles | 24 | €4,452 | €5,722 | +€1,269 | +28.5% |
| Current assets | 29/58 | €70,137 | €80,234 | +€10,098 | +14.4% |
| Amounts receivable within one year | 40/41 | €41,393 | €48,552 | +€7,159 | +17.3% |
| Trade receivables | 40 | - | €1,306 | +€1,306 | |
| Other amounts receivable | 41 | €41,393 | €47,246 | +€5,853 | +14.1% |
| Cash at bank and in hand | 54/58 | €23,894 | €18,975 | -€4,919 | -20.6% |
| Deferred charges and accrued income | 490/1 | €4,850 | €12,707 | +€7,858 | +162.0% |
| Total equity and liabilities | 10/49 | €120,547 | €119,959 | -€588 | -0.5% |
| Equity | 10/15 | €34,953 | €42,727 | +€7,773 | +22.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,400 | €32,400 | = | 0.0% |
| Distributable reserves | 133 | €32,400 | €32,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,847 | -€2,074 | +€7,773 | +78.9% |
| Amounts payable | 17/49 | €85,594 | €77,232 | -€8,361 | -9.8% |
| Amounts payable after more than one year | 17 | €70,442 | €57,690 | -€12,752 | -18.1% |
| Financial debts | 170/4 | €70,442 | €57,690 | -€12,752 | -18.1% |
| Amounts payable within one year | 42/48 | €15,101 | €19,527 | +€4,426 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €12,230 | €12,752 | +€522 | +4.3% |
| Trade debts | 44 | €487 | €1,092 | +€604 | +124.0% |
| Suppliers | 440/4 | €487 | €1,092 | +€604 | +124.0% |
| Taxes, remuneration and social security | 45 | €2,384 | €5,684 | +€3,300 | +138.4% |
| Taxes | 450/3 | €2,384 | €5,684 | +€3,300 | +138.4% |
| Accrued charges and deferred income | 492/3 | €50 | €15 | -€36 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,755 | €15,055 | -€2,699 | -15.2% |
| Other operating charges | 640/8 | €3,135 | €2,261 | -€874 | -27.9% |
| Gross operating margin | 9900 | €20,071 | €29,533 | +€9,462 | +47.1% |
| Operating profit (loss) | 9901 | -€819 | €12,217 | +€13,036 | |
| Financial income | 75/76B | €2,188 | €2,487 | +€299 | +13.6% |
| Recurring financial income | 75 | €2,188 | €2,487 | +€299 | +13.6% |
| Financial charges | 65/66B | €7,829 | €4,036 | -€3,793 | -48.5% |
| Recurring financial charges | 65 | €4,490 | €4,036 | -€454 | -10.1% |
| Non-recurring financial charges | 66B | €3,339 | - | -€3,339 | |
| Profit (loss) for the period before taxes | 9903 | -€6,460 | €10,668 | +€17,128 | |
| Income taxes | 67/77 | €183 | €2,895 | +€2,712 | +1481.5% |
| Profit (loss) for the period | 9904 | -€6,643 | €7,773 | +€14,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,643 | €7,773 | +€14,416 |
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 6 October 2026 via checked.be.