Marie: 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.
Marie
Largest movements
- Cash +€8,403
up €8,403 (+133%), from €6,332 to €14,735
mainly Net result for the year (+€16,996) and Deferred charges and accrued income (+€1,289)
- Profit (loss) carried forward +€16,996
up €16,996 (+12.0%), from -€141,100 to -€124,104
- Gross operating margin +€40,005
up €40,005, from -€29,347 to €10,659
- Depreciation -€2,180
down €2,180 (-88.9%), from €2,453 to €273
- Other operating charges +€1,732
up €1,732 (+81.4%), from €2,128 to €3,860
- Taxes -€307
down €307 (-99.7%), from €308 to €1
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 | €663,046 | €674,446 | +€11,400 | +1.7% |
| Fixed assets | 21/28 | €557,756 | €557,482 | -€273 | 0.0% |
| Tangible fixed assets | 22/27 | €557,756 | €557,482 | -€273 | 0.0% |
| Land and buildings | 22 | €557,346 | €557,346 | = | 0.0% |
| Plant, machinery and equipment | 23 | €410 | €136 | -€273 | -66.7% |
| Current assets | 29/58 | €105,291 | €116,964 | +€11,673 | +11.1% |
| Amounts receivable within one year | 40/41 | €96,322 | €100,882 | +€4,559 | +4.7% |
| Other amounts receivable | 41 | €96,322 | €100,882 | +€4,559 | +4.7% |
| Cash at bank and in hand | 54/58 | €6,332 | €14,735 | +€8,403 | +133% |
| Deferred charges and accrued income | 490/1 | €2,636 | €1,347 | -€1,289 | -48.9% |
| Total equity and liabilities | 10/49 | €663,046 | €674,446 | +€11,400 | +1.7% |
| Equity | 10/15 | €661,032 | €672,808 | +€11,775 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €740,219 | €740,219 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,200 | €5,200 | = | 0.0% |
| Distributable reserves | 133 | €735,019 | €735,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,100 | -€124,104 | +€16,996 | +12.0% |
| Investment grants | 15 | €43,314 | €38,093 | -€5,220 | -12.1% |
| Amounts payable | 17/49 | €2,014 | €1,638 | -€376 | -18.7% |
| Amounts payable within one year | 42/48 | €1,916 | €1,638 | -€278 | -14.5% |
| Trade debts | 44 | €1,289 | €1,331 | +€42 | +3.3% |
| Suppliers | 440/4 | €1,289 | €1,331 | +€42 | +3.3% |
| Taxes, remuneration and social security | 45 | €627 | €307 | -€320 | -51.0% |
| Taxes | 450/3 | €627 | €307 | -€320 | -51.0% |
| Accrued charges and deferred income | 492/3 | €98 | - | -€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,453 | €273 | -€2,180 | -88.9% |
| Other operating charges | 640/8 | €2,128 | €3,860 | +€1,732 | +81.4% |
| Gross operating margin | 9900 | -€29,347 | €10,659 | +€40,005 | |
| Operating profit (loss) | 9901 | -€33,928 | €6,525 | +€40,453 | |
| Financial income | 75/76B | €10,849 | €10,567 | -€282 | -2.6% |
| Recurring financial income | 75 | €10,849 | €10,567 | -€282 | -2.6% |
| Financial charges | 65/66B | €94 | €95 | +€2 | +1.6% |
| Recurring financial charges | 65 | €94 | €95 | +€2 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,173 | €16,997 | +€40,169 | |
| Income taxes | 67/77 | €308 | €1 | -€307 | -99.7% |
| Profit (loss) for the period | 9904 | -€23,481 | €16,996 | +€40,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,481 | €16,996 | +€40,477 |
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 22 October 2026 via checked.be.