MARIE HAMILTON: 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 HAMILTON
Largest movements
- Tangible fixed assets -€5,479
down €5,479 (-50.5%), from €10,854 to €5,374
- Receivables within one year +€4,470
up €4,470 (+110%), from €4,068 to €8,538
of which Trade receivables: +€4,803
- Profit (loss) carried forward -€5,033
down €5,033 (-11.2%), from -€45,128 to -€50,161
- Trade debts +€4,183
up €4,183 (+26.5%), from €15,810 to €19,993
- Accrued charges and deferred income -€383
down €383 (-5.3%), from €7,237 to €6,853
- Depreciation +€5,374
up €5,374 (+5,114%), from €105 to €5,479
- Gross operating margin +€4,763
up €4,763, from -€3,212 to €1,550
- Other operating charges +€509
up €509 (+85.5%), from €595 to €1,104
- Financial charges -€95
no longer reported in 2025 (was €95)
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 | €31,173 | €30,163 | -€1,010 | -3.2% |
| Fixed assets | 21/28 | €10,854 | €5,374 | -€5,479 | -50.5% |
| Tangible fixed assets | 22/27 | €10,854 | €5,374 | -€5,479 | -50.5% |
| Furniture and vehicles | 24 | €10,854 | €5,374 | -€5,479 | -50.5% |
| Current assets | 29/58 | €20,319 | €24,789 | +€4,470 | +22.0% |
| Stocks and contracts in progress | 3 | €15,130 | €15,130 | = | 0.0% |
| Stocks | 30/36 | €15,130 | €15,130 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,068 | €8,538 | +€4,470 | +110% |
| Trade receivables | 40 | €2,121 | €6,924 | +€4,803 | +226% |
| Other amounts receivable | 41 | €1,947 | €1,614 | -€333 | -17.1% |
| Cash at bank and in hand | 54/58 | €1,121 | €1,121 | = | 0.0% |
| Total equity and liabilities | 10/49 | €31,173 | €30,163 | -€1,010 | -3.2% |
| Equity | 10/15 | -€26,528 | -€31,561 | -€5,033 | -19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,128 | -€50,161 | -€5,033 | -11.2% |
| Amounts payable | 17/49 | €57,701 | €61,724 | +€4,024 | +7.0% |
| Amounts payable after more than one year | 17 | €11,919 | €11,919 | = | 0.0% |
| Other amounts payable | 178/9 | €11,919 | €11,919 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,546 | €42,953 | +€4,407 | +11.4% |
| Trade debts | 44 | €15,810 | €19,993 | +€4,183 | +26.5% |
| Suppliers | 440/4 | €15,810 | €19,993 | +€4,183 | +26.5% |
| Advances received on contracts in progress | 46 | €400 | €400 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,285 | €6,285 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,285 | €6,285 | = | 0.0% |
| Other amounts payable | 47/48 | €16,052 | €16,275 | +€224 | +1.4% |
| Accrued charges and deferred income | 492/3 | €7,237 | €6,853 | -€383 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105 | €5,479 | +€5,374 | +5,114% |
| Other operating charges | 640/8 | €595 | €1,104 | +€509 | +85.5% |
| Gross operating margin | 9900 | -€3,212 | €1,550 | +€4,763 | |
| Operating profit (loss) | 9901 | -€3,913 | -€5,033 | -€1,121 | -28.6% |
| Financial charges | 65/66B | €95 | - | -€95 | |
| Recurring financial charges | 65 | €95 | - | -€95 | |
| Profit (loss) for the period before taxes | 9903 | -€4,008 | -€5,033 | -€1,025 | -25.6% |
| Profit (loss) for the period | 9904 | -€4,008 | -€5,033 | -€1,025 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,008 | -€5,033 | -€1,025 | -25.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.