Marie Lou: what changed
Marie Lou
Largest movements
- Receivables within one year +€9,423
up €9,423 (+771%), from €1,223 to €10,646
of which Trade receivables: +€10,604
- Stocks and contracts -€7,646
down €7,646 (-16.8%), from €45,520 to €37,874
- Cash +€4,222
new in 2025: €4,222
mainly Other debts (+€23,133) and Short-term financial debts (+€15,501)
- Tangible fixed assets -€1,224
down €1,224 (-13.1%), from €9,318 to €8,095
- Deferred charges and accrued income +€1,130
new in 2025: €1,130
- Profit (loss) carried forward -€27,753
new in 2025: -€27,753
- Other debts +€23,133
up €23,133 (+1,239%), from €1,867 to €25,000
- Short-term financial debts +€15,501
up €15,501 (+163%), from €9,499 to €25,000
- Trade debts -€3,243
down €3,243 (-100%), from €3,243 to €0
- Debts after one year -€1,951
down €1,951 (-25.0%), from €7,795 to €5,844
- Gross operating margin -€42,889
down €42,889, from €23,192 to -€19,696
- Other operating charges +€3,850
up €3,850 (+962%), from €400 to €4,250
- Taxes -€3,433
down €3,433 (-75.5%), from €4,548 to €1,115
- Depreciation +€770
up €770 (+170%), from €454 to €1,224
- Financial charges +€250
up €250 (+18.9%), from €1,318 to €1,568
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,911 | €64,816 | +€5,905 | +10.0% |
| Fixed assets | 21/28 | €12,168 | €10,945 | -€1,224 | -10.1% |
| Tangible fixed assets | 22/27 | €9,318 | €8,095 | -€1,224 | -13.1% |
| Land and buildings | 22 | €9,318 | €8,095 | -€1,224 | -13.1% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €46,743 | €53,871 | +€7,129 | +15.3% |
| Stocks and contracts in progress | 3 | €45,520 | €37,874 | -€7,646 | -16.8% |
| Stocks | 30/36 | €45,520 | €37,874 | -€7,646 | -16.8% |
| Amounts receivable within one year | 40/41 | €1,223 | €10,646 | +€9,423 | +771% |
| Trade receivables | 40 | - | €10,604 | +€10,604 | |
| Other amounts receivable | 41 | €1,223 | €42 | -€1,180 | -96.6% |
| Cash at bank and in hand | 54/58 | - | €4,222 | +€4,222 | |
| Deferred charges and accrued income | 490/1 | - | €1,130 | +€1,130 | |
| Total equity and liabilities | 10/49 | €58,911 | €64,816 | +€5,905 | +10.0% |
| Equity | 10/15 | €21,474 | -€6,279 | -€27,753 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,474 | €16,474 | = | 0.0% |
| Distributable reserves | 133 | €16,474 | €16,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€27,753 | -€27,753 | |
| Amounts payable | 17/49 | €37,438 | €71,096 | +€33,658 | +89.9% |
| Amounts payable after more than one year | 17 | €7,795 | €5,844 | -€1,951 | -25.0% |
| Financial debts | 170/4 | €7,795 | €5,844 | -€1,951 | -25.0% |
| Amounts payable within one year | 42/48 | €29,643 | €65,252 | +€35,609 | +120% |
| Current portion of amounts payable after more than one year | 42 | €1,895 | €1,951 | +€56 | +2.9% |
| Financial debts | 43 | €9,499 | €25,000 | +€15,501 | +163% |
| Credit institutions | 430/8 | €9,499 | €25,000 | +€15,501 | +163% |
| Trade debts | 44 | €3,243 | €0 | -€3,243 | -100% |
| Suppliers | 440/4 | €3,243 | €0 | -€3,243 | -100% |
| Taxes, remuneration and social security | 45 | €13,139 | €13,301 | +€162 | +1.2% |
| Taxes | 450/3 | €13,139 | €13,301 | +€162 | +1.2% |
| Other amounts payable | 47/48 | €1,867 | €25,000 | +€23,133 | +1,239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454 | €1,224 | +€770 | +170% |
| Other operating charges | 640/8 | €400 | €4,250 | +€3,850 | +962% |
| Gross operating margin | 9900 | €23,192 | -€19,696 | -€42,889 | |
| Operating profit (loss) | 9901 | €22,339 | -€25,170 | -€47,508 | |
| Financial income | 75/76B | €1 | €100 | +€99 | +8,721% |
| Recurring financial income | 75 | €1 | €100 | +€99 | +8,721% |
| Financial charges | 65/66B | €1,318 | €1,568 | +€250 | +18.9% |
| Recurring financial charges | 65 | €1,318 | €1,568 | +€250 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €21,021 | -€26,638 | -€47,659 | |
| Income taxes | 67/77 | €4,548 | €1,115 | -€3,433 | -75.5% |
| Profit (loss) for the period | 9904 | €16,474 | -€27,753 | -€44,227 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,474 | -€27,753 | -€44,227 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.