Marie M: 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 M
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€52,517
down €52,517 (-37.2%), from €141,256 to €88,739
mainly Current investments (-€100,000) and Current portion of long-term debt (-€19,184)
- Tangible fixed assets -€24,193
down €24,193 (-20.4%), from €118,570 to €94,377
of which Furniture and vehicles: -€21,081
- Deferred charges and accrued income -€7,913
down €7,913 (-43.4%), from €18,235 to €10,322
- Profit (loss) carried forward +€49,180
up €49,180 (+37.2%), from €132,259 to €181,439
- Current portion of long-term debt -€19,184
down €19,184 (-83.2%), from €23,058 to €3,874
- Other debts -€11,755
down €11,755 (-11.8%), from €100,000 to €88,245
- Accrued charges and deferred income -€11,467
down €11,467 (-98.7%), from €11,613 to €146
- Debts after one year +€7,584
up €7,584 (+3.1%), from €240,874 to €248,458
of which Financial debts: +€7,584
- Write-downs +€56,923
up €56,923 (+354%), from €16,069 to €72,992
- Gross operating margin +€48,529
up €48,529 (+36.6%), from €132,421 to €180,950
- Depreciation -€13,845
down €13,845 (-36.4%), from €38,038 to €24,193
- Taxes -€6,194
down €6,194 (-61.9%), from €10,000 to €3,806
- Financial charges -€4,329
down €4,329 (-58.4%), from €7,414 to €3,084
of which Financial charges: -€4,329
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 | €682,155 | €698,520 | +€16,365 | +2.4% |
| Fixed assets | 21/28 | €118,570 | €94,377 | -€24,193 | -20.4% |
| Tangible fixed assets | 22/27 | €118,570 | €94,377 | -€24,193 | -20.4% |
| Land and buildings | 22 | €3,354 | €936 | -€2,418 | -72.1% |
| Plant, machinery and equipment | 23 | €2,164 | €1,470 | -€694 | -32.1% |
| Furniture and vehicles | 24 | €113,051 | €91,970 | -€21,081 | -18.6% |
| Current assets | 29/58 | €563,586 | €604,144 | +€40,558 | +7.2% |
| Stocks and contracts in progress | 3 | €396,977 | €395,977 | -€1,000 | -0.3% |
| Stocks | 30/36 | €396,977 | €395,977 | -€1,000 | -0.3% |
| Amounts receivable within one year | 40/41 | €7,118 | €9,106 | +€1,988 | +27.9% |
| Trade receivables | 40 | €7,118 | €8,381 | +€1,263 | +17.7% |
| Other amounts receivable | 41 | - | €724 | +€724 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €141,256 | €88,739 | -€52,517 | -37.2% |
| Deferred charges and accrued income | 490/1 | €18,235 | €10,322 | -€7,913 | -43.4% |
| Total equity and liabilities | 10/49 | €682,155 | €698,520 | +€16,365 | +2.4% |
| Equity | 10/15 | €264,259 | €313,439 | +€49,180 | +18.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,259 | €181,439 | +€49,180 | +37.2% |
| Amounts payable | 17/49 | €417,896 | €385,082 | -€32,815 | -7.9% |
| Amounts payable after more than one year | 17 | €240,874 | €248,458 | +€7,584 | +3.1% |
| Financial debts | 170/4 | €240,874 | €248,458 | +€7,584 | +3.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €165,409 | €136,477 | -€28,932 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €23,058 | €3,874 | -€19,184 | -83.2% |
| Trade debts | 44 | €17,121 | €17,620 | +€498 | +2.9% |
| Suppliers | 440/4 | €17,121 | €17,620 | +€498 | +2.9% |
| Taxes, remuneration and social security | 45 | €25,230 | €26,738 | +€1,508 | +6.0% |
| Taxes | 450/3 | €15,255 | €16,228 | +€974 | +6.4% |
| Remuneration and social security | 454/9 | €9,975 | €10,510 | +€535 | +5.4% |
| Other amounts payable | 47/48 | €100,000 | €88,245 | -€11,755 | -11.8% |
| Accrued charges and deferred income | 492/3 | €11,613 | €146 | -€11,467 | -98.7% |
| Remuneration, social security and pensions | 62 | €37,138 | €37,748 | +€611 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,038 | €24,193 | -€13,845 | -36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,069 | €72,992 | +€56,923 | +354% |
| Other operating charges | 640/8 | €676 | €660 | -€16 | -2.4% |
| Gross operating margin | 9900 | €132,421 | €180,950 | +€48,529 | +36.6% |
| Operating profit (loss) | 9901 | €40,500 | €45,357 | +€4,857 | +12.0% |
| Financial income | 75/76B | €9,506 | €10,713 | +€1,206 | +12.7% |
| Recurring financial income | 75 | €9,506 | €10,713 | +€1,206 | +12.7% |
| Financial charges | 65/66B | €7,414 | €3,084 | -€4,329 | -58.4% |
| Recurring financial charges | 65 | €7,414 | €3,084 | -€4,329 | -58.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €42,593 | €52,985 | +€10,393 | +24.4% |
| Income taxes | 67/77 | €10,000 | €3,806 | -€6,194 | -61.9% |
| Profit (loss) for the period | 9904 | €32,593 | €49,180 | +€16,587 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,593 | €49,180 | +€16,587 | +50.9% |
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 20 October 2026 via checked.be.