MARIDEN: 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.
MARIDEN
Largest movements
- Tangible fixed assets -€131,532
down €131,532 (-14.9%), from €880,585 to €749,053
of which Land and buildings: -€105,741
- Cash +€118,347
up €118,347 (+30.2%), from €391,456 to €509,804
mainly Depreciation (+€161,891) and Net result for the year (+€35,841)
- Debts after one year -€67,503
down €67,503 (-27.2%), from €247,830 to €180,326
of which Other amounts payable: -€44,453
- Profit (loss) carried forward +€21,088
no longer reported in 2024 (was -€21,088)
- Reserves +€14,753
up €14,753 (+7.6%), from €195,265 to €210,017
of which Distributable reserves: +€35,552
- Gross operating margin +€37,716
up €37,716 (+15.7%), from €240,510 to €278,225
- Depreciation -€8,037
down €8,037 (-4.7%), from €169,928 to €161,891
- Taxes +€3,587
up €3,587 (+2,800%), from €128 to €3,715
- Staff costs -€3,427
down €3,427 (-5.8%), from €58,943 to €55,516
- Other operating charges +€3,162
up €3,162 (+18.7%), from €16,894 to €20,056
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,355,396 | €1,336,695 | -€18,700 | -1.4% |
| Fixed assets | 21/28 | €932,813 | €801,282 | -€131,532 | -14.1% |
| Tangible fixed assets | 22/27 | €880,585 | €749,053 | -€131,532 | -14.9% |
| Land and buildings | 22 | €803,139 | €697,398 | -€105,741 | -13.2% |
| Plant, machinery and equipment | 23 | €27,023 | €15,266 | -€11,757 | -43.5% |
| Furniture and vehicles | 24 | €50,422 | €36,389 | -€14,034 | -27.8% |
| Financial fixed assets | 28 | €52,229 | €52,229 | = | 0.0% |
| Current assets | 29/58 | €422,582 | €535,413 | +€112,831 | +26.7% |
| Stocks and contracts in progress | 3 | €11,750 | €11,750 | = | 0.0% |
| Stocks | 30/36 | €11,750 | €11,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,728 | €8,516 | -€2,212 | -20.6% |
| Trade receivables | 40 | €2,004 | €1,597 | -€407 | -20.3% |
| Other amounts receivable | 41 | €8,724 | €6,919 | -€1,805 | -20.7% |
| Cash at bank and in hand | 54/58 | €391,456 | €509,804 | +€118,347 | +30.2% |
| Deferred charges and accrued income | 490/1 | €8,647 | €5,343 | -€3,304 | -38.2% |
| Total equity and liabilities | 10/49 | €1,355,396 | €1,336,695 | -€18,700 | -1.4% |
| Equity | 10/15 | €192,768 | €228,609 | +€35,841 | +18.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €195,265 | €210,017 | +€14,753 | +7.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,994 | €55,194 | -€20,799 | -27.4% |
| Distributable reserves | 133 | €117,412 | €152,964 | +€35,552 | +30.3% |
| Profit (loss) carried forward | 14 | -€21,088 | - | +€21,088 | |
| Provisions and deferred taxes | 16 | €25,331 | €18,398 | -€6,933 | -27.4% |
| Deferred taxes | 168 | €25,331 | €18,398 | -€6,933 | -27.4% |
| Amounts payable | 17/49 | €1,137,296 | €1,089,688 | -€47,608 | -4.2% |
| Amounts payable after more than one year | 17 | €247,830 | €180,326 | -€67,503 | -27.2% |
| Financial debts | 170/4 | €171,192 | €148,142 | -€23,050 | -13.5% |
| Other amounts payable | 178/9 | €76,638 | €32,185 | -€44,453 | -58.0% |
| Amounts payable within one year | 42/48 | €862,642 | €879,757 | +€17,115 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €22,849 | €23,050 | +€201 | +0.9% |
| Financial debts | 43 | - | €27 | +€27 | |
| Credit institutions | 430/8 | - | €27 | +€27 | |
| Trade debts | 44 | €75,947 | €69,038 | -€6,910 | -9.1% |
| Suppliers | 440/4 | €75,947 | €69,038 | -€6,910 | -9.1% |
| Advances received on contracts in progress | 46 | €73,809 | €81,554 | +€7,745 | +10.5% |
| Taxes, remuneration and social security | 45 | €13,411 | €22,755 | +€9,344 | +69.7% |
| Taxes | 450/3 | €11,776 | €20,775 | +€8,999 | +76.4% |
| Remuneration and social security | 454/9 | €1,635 | €1,980 | +€345 | +21.1% |
| Other amounts payable | 47/48 | €676,627 | €683,333 | +€6,706 | +1.0% |
| Accrued charges and deferred income | 492/3 | €26,824 | €29,604 | +€2,780 | +10.4% |
| Non-recurring operating income | 76A | €4,724 | - | -€4,724 | |
| Remuneration, social security and pensions | 62 | €58,943 | €55,516 | -€3,427 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,928 | €161,891 | -€8,037 | -4.7% |
| Other operating charges | 640/8 | €16,894 | €20,056 | +€3,162 | +18.7% |
| Gross operating margin | 9900 | €240,510 | €278,225 | +€37,716 | +15.7% |
| Operating profit (loss) | 9901 | -€5,256 | €40,762 | +€46,018 | |
| Financial income | 75/76B | €265 | €319 | +€55 | +20.7% |
| Recurring financial income | 75 | €265 | €319 | +€55 | +20.7% |
| Financial charges | 65/66B | €8,661 | €8,459 | -€202 | -2.3% |
| Recurring financial charges | 65 | €8,661 | €8,459 | -€202 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,652 | €32,623 | +€46,275 | |
| Transfer from deferred taxes | 780 | €6,933 | €6,933 | = | 0.0% |
| Income taxes | 67/77 | €128 | €3,715 | +€3,587 | +2,800% |
| Profit (loss) for the period | 9904 | -€6,847 | €35,841 | +€42,688 | |
| Transfer from tax-exempt reserves | 789 | €20,799 | €20,799 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,953 | €56,640 | +€42,688 | +306% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.