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
- Receivables within one year +€3,917
up €3,917 (+94.1%), from €4,161 to €8,078
of which Trade receivables: +€3,235
- Cash +€3,039
up €3,039 (+10.3%), from €29,631 to €32,670
mainly Trade debts (+€2,183) and Depreciation (+€1,377)
- Tangible fixed assets -€2,525
down €2,525 (-59.5%), from €4,247 to €1,722
- Stocks and contracts -€1,248
down €1,248 (-34.6%), from €3,611 to €2,363
- Reserves -€56,415
down €56,415 (-79.1%), from €71,307 to €14,892
of which Distributable reserves: -€56,415
- Profit (loss) carried forward +€55,983
up €55,983, from -€55,983 to €0
- Trade debts +€2,183
up €2,183 (+51.4%), from €4,243 to €6,426
- Other debts +€1,330
up €1,330 (+63.5%), from €2,095 to €3,425
- Gross operating margin +€16,383
up €16,383 (+231%), from €7,088 to €23,471
- Depreciation -€1,298
down €1,298 (-48.5%), from €2,675 to €1,377
- Staff costs +€728
up €728 (+3.7%), from €19,599 to €20,327
- Other operating charges -€595
down €595 (-44.9%), from €1,325 to €731
- Write-downs -€509
down €509 (-100%), from €509 to €0
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 | €42,509 | €45,950 | +€3,441 | +8.1% |
| Fixed assets | 21/28 | €4,247 | €1,722 | -€2,525 | -59.5% |
| Tangible fixed assets | 22/27 | €4,247 | €1,722 | -€2,525 | -59.5% |
| Plant, machinery and equipment | 23 | €2,121 | €1,070 | -€1,051 | -49.5% |
| Furniture and vehicles | 24 | €1,149 | €0 | -€1,149 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €977 | €652 | -€326 | -33.3% |
| Current assets | 29/58 | €38,262 | €44,229 | +€5,967 | +15.6% |
| Stocks and contracts in progress | 3 | €3,611 | €2,363 | -€1,248 | -34.6% |
| Stocks | 30/36 | €3,611 | €2,363 | -€1,248 | -34.6% |
| Amounts receivable within one year | 40/41 | €4,161 | €8,078 | +€3,917 | +94.1% |
| Trade receivables | 40 | €834 | €4,069 | +€3,235 | +388% |
| Other amounts receivable | 41 | €3,327 | €4,009 | +€682 | +20.5% |
| Cash at bank and in hand | 54/58 | €29,631 | €32,670 | +€3,039 | +10.3% |
| Deferred charges and accrued income | 490/1 | €859 | €1,117 | +€258 | +30.1% |
| Total equity and liabilities | 10/49 | €42,509 | €45,950 | +€3,441 | +8.1% |
| Equity | 10/15 | €33,925 | €33,492 | -€433 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,307 | €14,892 | -€56,415 | -79.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,447 | €13,032 | -€56,415 | -81.2% |
| Profit (loss) carried forward | 14 | -€55,983 | €0 | +€55,983 | |
| Amounts payable | 17/49 | €8,584 | €12,458 | +€3,874 | +45.1% |
| Amounts payable within one year | 42/48 | €8,584 | €12,458 | +€3,874 | +45.1% |
| Trade debts | 44 | €4,243 | €6,426 | +€2,183 | +51.4% |
| Suppliers | 440/4 | €4,243 | €6,426 | +€2,183 | +51.4% |
| Taxes, remuneration and social security | 45 | €2,247 | €2,608 | +€362 | +16.1% |
| Taxes | 450/3 | €1,139 | €1,219 | +€79 | +7.0% |
| Remuneration and social security | 454/9 | €1,107 | €1,389 | +€282 | +25.5% |
| Other amounts payable | 47/48 | €2,095 | €3,425 | +€1,330 | +63.5% |
| Remuneration, social security and pensions | 62 | €19,599 | €20,327 | +€728 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,675 | €1,377 | -€1,298 | -48.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €509 | €0 | -€509 | -100% |
| Other operating charges | 640/8 | €1,325 | €731 | -€595 | -44.9% |
| Non-recurring operating charges | 66A | - | €1,149 | +€1,149 | |
| Gross operating margin | 9900 | €7,088 | €23,471 | +€16,383 | +231% |
| Operating profit (loss) | 9901 | -€17,020 | -€112 | +€16,908 | +99.3% |
| Financial income | 75/76B | €8 | €151 | +€143 | +1,865% |
| Recurring financial income | 75 | €8 | €151 | +€143 | +1,865% |
| Financial charges | 65/66B | €351 | €412 | +€60 | +17.2% |
| Recurring financial charges | 65 | €351 | €412 | +€60 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,363 | -€373 | +€16,991 | +97.9% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€17,423 | -€433 | +€16,990 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,423 | -€433 | +€16,990 | +97.5% |
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 17 October 2026 via checked.be.