MARIANNE GERMAIN: what changed
What changed
MARIANNE GERMAIN
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€103,040
2024 · €60,187+€42,853
Equity
€553,390
2024 · €450,350+€103,040
Cash
€696,784
2024 · €585,380+€111,404
Balance sheet total
€807,238
2024 · €694,134+€113,104
Largest movements
Assets
- Cash +€111,404
up €111,404 (+19.0%), from €585,380 to €696,784
mainly Net result for the year (+€103,040) and Other debts (+€6,967)
- Receivables within one year +€9,255
up €9,255 (+12.1%), from €76,747 to €86,002
Equity and liabilities
- Reserves +€103,040
up €103,040 (+23.5%), from €437,950 to €540,990
of which Distributable reserves: +€103,040
Income statement
- Gross operating margin +€51,006
up €51,006 (+46.3%), from €110,056 to €161,062
- Taxes +€18,711
up €18,711 (+67.2%), from €27,835 to €46,545
- Depreciation -€6,250
down €6,250 (-53.3%), from €11,721 to €5,472
- Other operating charges -€5,098
down €5,098 (-76.6%), from €6,659 to €1,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€60,187
Gross operating margin
+€51,006
Depreciation
+€6,250
Other operating charges
+€5,098
Financial income
+€188
Financial charges
-€978
Taxes
-€18,711
Result 2025
€103,040
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€112,731
Investment
-€1,327
Financing
€0
Cash 2024
€585,380
From operations (derived)
+€112,731
Net result for the year
+€103,040
Depreciation
+€5,472
Receivables within one year
-€9,255
Deferred charges and accrued income
+€3,411
Trade debts
-€4,288
Tax, wage and social debts
+€5,689
Other debts
+€6,967
Accrued charges and deferred income
+€1,696
Investment (derived)
-€1,327
Investment in fixed assets (net)
-€1,327
Cash 2025
€696,784
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,134 | €807,238 | +€113,104 | +16.3% |
| Fixed assets | 21/28 | €5,320 | €1,176 | -€4,145 | -77.9% |
| Tangible fixed assets | 22/27 | €5,320 | €1,176 | -€4,145 | -77.9% |
| Plant, machinery and equipment | 23 | - | €459 | +€459 | |
| Furniture and vehicles | 24 | €5,320 | €716 | -€4,604 | -86.5% |
| Current assets | 29/58 | €688,814 | €806,062 | +€117,249 | +17.0% |
| Amounts receivable within one year | 40/41 | €76,747 | €86,002 | +€9,255 | +12.1% |
| Trade receivables | 40 | €76,747 | €86,002 | +€9,255 | +12.1% |
| Cash at bank and in hand | 54/58 | €585,380 | €696,784 | +€111,404 | +19.0% |
| Deferred charges and accrued income | 490/1 | €26,687 | €23,276 | -€3,411 | -12.8% |
| Total equity and liabilities | 10/49 | €694,134 | €807,238 | +€113,104 | +16.3% |
| Equity | 10/15 | €450,350 | €553,390 | +€103,040 | +22.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €437,950 | €540,990 | +€103,040 | +23.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €436,095 | €539,135 | +€103,040 | +23.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €243,784 | €253,848 | +€10,064 | +4.1% |
| Amounts payable within one year | 42/48 | €239,080 | €247,448 | +€8,368 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €33,671 | €29,383 | -€4,288 | -12.7% |
| Suppliers | 440/4 | €33,671 | €29,383 | -€4,288 | -12.7% |
| Taxes, remuneration and social security | 45 | €36,325 | €42,015 | +€5,689 | +15.7% |
| Taxes | 450/3 | €36,325 | €42,015 | +€5,689 | +15.7% |
| Other amounts payable | 47/48 | €169,084 | €176,051 | +€6,967 | +4.1% |
| Accrued charges and deferred income | 492/3 | €4,704 | €6,400 | +€1,696 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,721 | €5,472 | -€6,250 | -53.3% |
| Other operating charges | 640/8 | €6,659 | €1,561 | -€5,098 | -76.6% |
| Gross operating margin | 9900 | €110,056 | €161,062 | +€51,006 | +46.3% |
| Operating profit (loss) | 9901 | €91,676 | €154,029 | +€62,354 | +68.0% |
| Financial income | 75/76B | €1,125 | €1,313 | +€188 | +16.7% |
| Recurring financial income | 75 | €1,125 | €1,313 | +€188 | +16.7% |
| Financial charges | 65/66B | €4,779 | €5,757 | +€978 | +20.5% |
| Recurring financial charges | 65 | €4,779 | €5,757 | +€978 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €88,021 | €149,585 | +€61,564 | +69.9% |
| Income taxes | 67/77 | €27,835 | €46,545 | +€18,711 | +67.2% |
| Profit (loss) for the period | 9904 | €60,187 | €103,040 | +€42,853 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,187 | €103,040 | +€42,853 | +71.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.