MARIANNA: 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.
MARIANNA
Largest movements
- Tangible fixed assets -€13,350
down €13,350 (-3.0%), from €448,706 to €435,356
of which Land and buildings: -€12,422
- Profit (loss) carried forward -€14,594
down €14,594 (-55.1%), from -€26,494 to -€41,088
- Other debts +€13,450
up €13,450 (+4.4%), from €305,190 to €318,640
- Debts after one year -€12,760
down €12,760 (-7.9%), from €161,254 to €148,494
- Gross operating margin -€1,517
down €1,517 (-29.0%), from €5,233 to €3,716
- Financial charges -€243
down €243 (-6.7%), from €3,603 to €3,361
- Depreciation +€170
up €170 (+1.2%), from €13,692 to €13,862
- Other operating charges -€137
down €137 (-11.2%), from €1,224 to €1,087
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 | €457,716 | €444,054 | -€13,662 | -3.0% |
| Formation expenses | 20 | €359 | €199 | -€160 | -44.5% |
| Fixed assets | 21/28 | €455,406 | €441,704 | -€13,702 | -3.0% |
| Intangible fixed assets | 21 | €6,701 | €6,348 | -€353 | -5.3% |
| Tangible fixed assets | 22/27 | €448,706 | €435,356 | -€13,350 | -3.0% |
| Land and buildings | 22 | €443,190 | €430,768 | -€12,422 | -2.8% |
| Furniture and vehicles | 24 | €5,516 | €4,588 | -€928 | -16.8% |
| Current assets | 29/58 | €1,950 | €2,151 | +€201 | +10.3% |
| Amounts receivable within one year | 40/41 | €1,624 | €1,624 | = | 0.0% |
| Other amounts receivable | 41 | €1,624 | €1,624 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €327 | €527 | +€201 | +61.5% |
| Total equity and liabilities | 10/49 | €457,716 | €444,054 | -€13,662 | -3.0% |
| Equity | 10/15 | -€21,494 | -€36,088 | -€14,594 | -67.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,494 | -€41,088 | -€14,594 | -55.1% |
| Amounts payable | 17/49 | €479,210 | €480,143 | +€932 | +0.2% |
| Amounts payable after more than one year | 17 | €161,254 | €148,494 | -€12,760 | -7.9% |
| Financial debts | 170/4 | €161,254 | €148,494 | -€12,760 | -7.9% |
| Amounts payable within one year | 42/48 | €317,957 | €331,649 | +€13,692 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €12,518 | €12,760 | +€242 | +1.9% |
| Trade debts | 44 | €249 | €249 | = | 0.0% |
| Suppliers | 440/4 | €249 | €249 | = | 0.0% |
| Other amounts payable | 47/48 | €305,190 | €318,640 | +€13,450 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,692 | €13,862 | +€170 | +1.2% |
| Other operating charges | 640/8 | €1,224 | €1,087 | -€137 | -11.2% |
| Gross operating margin | 9900 | €5,233 | €3,716 | -€1,517 | -29.0% |
| Operating profit (loss) | 9901 | -€9,683 | -€11,233 | -€1,550 | -16.0% |
| Financial charges | 65/66B | €3,603 | €3,361 | -€243 | -6.7% |
| Recurring financial charges | 65 | €3,603 | €3,361 | -€243 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,286 | -€14,594 | -€1,308 | -9.8% |
| Profit (loss) for the period | 9904 | -€13,286 | -€14,594 | -€1,308 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,286 | -€14,594 | -€1,308 | -9.8% |
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 16 October 2026 via checked.be.