MARIE-MER: 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-MER
Largest movements
- Tangible fixed assets -€23,391
down €23,391 (-6.8%), from €345,798 to €322,407
of which Land and buildings: -€14,948
- Cash -€6,384
down €6,384 (-92.2%), from €6,927 to €542
mainly Debts after one year (-€45,434) and Current portion of long-term debt (-€21,567)
- Debts after one year -€45,434
down €45,434 (-82.9%), from €54,806 to €9,372
- Other debts +€31,615
up €31,615 (+8.3%), from €379,319 to €410,934
- Current portion of long-term debt -€21,567
down €21,567 (-77.5%), from €27,824 to €6,257
- Profit (loss) carried forward +€6,122
up €6,122 (+4.1%), from -€149,312 to -€143,190
- Gross operating margin +€33,050
up €33,050 (+504%), from €6,564 to €39,614
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 | €353,574 | €323,874 | -€29,700 | -8.4% |
| Fixed assets | 21/28 | €345,798 | €322,407 | -€23,391 | -6.8% |
| Tangible fixed assets | 22/27 | €345,798 | €322,407 | -€23,391 | -6.8% |
| Land and buildings | 22 | €316,130 | €301,182 | -€14,948 | -4.7% |
| Plant, machinery and equipment | 23 | €1,911 | €1,458 | -€454 | -23.7% |
| Leasing and similar rights | 25 | €27,757 | €19,767 | -€7,989 | -28.8% |
| Current assets | 29/58 | €7,775 | €1,467 | -€6,308 | -81.1% |
| Amounts receivable within one year | 40/41 | - | €52 | +€52 | |
| Trade receivables | 40 | - | €30 | +€30 | |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €6,927 | €542 | -€6,384 | -92.2% |
| Deferred charges and accrued income | 490/1 | €849 | €873 | +€24 | +2.8% |
| Total equity and liabilities | 10/49 | €353,574 | €323,874 | -€29,700 | -8.4% |
| Equity | 10/15 | -€143,112 | -€136,990 | +€6,122 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,312 | -€143,190 | +€6,122 | +4.1% |
| Amounts payable | 17/49 | €496,685 | €460,864 | -€35,822 | -7.2% |
| Amounts payable after more than one year | 17 | €54,806 | €9,372 | -€45,434 | -82.9% |
| Financial debts | 170/4 | €54,806 | €9,372 | -€45,434 | -82.9% |
| Amounts payable within one year | 42/48 | €441,879 | €451,491 | +€9,613 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €27,824 | €6,257 | -€21,567 | -77.5% |
| Trade debts | 44 | €31,104 | €28,022 | -€3,082 | -9.9% |
| Suppliers | 440/4 | €31,104 | €28,022 | -€3,082 | -9.9% |
| Taxes, remuneration and social security | 45 | €3,632 | €6,279 | +€2,647 | +72.9% |
| Taxes | 450/3 | €3,632 | €6,279 | +€2,647 | +72.9% |
| Other amounts payable | 47/48 | €379,319 | €410,934 | +€31,615 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,295 | €23,391 | +€97 | +0.4% |
| Other operating charges | 640/8 | €4,113 | €4,052 | -€61 | -1.5% |
| Non-recurring operating charges | 66A | €51,817 | - | -€51,817 | |
| Gross operating margin | 9900 | €6,564 | €39,614 | +€33,050 | +504% |
| Operating profit (loss) | 9901 | -€72,662 | €12,171 | +€84,832 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,822 | €5,547 | -€275 | -4.7% |
| Recurring financial charges | 65 | €5,822 | €5,547 | -€275 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€78,484 | €6,624 | +€85,107 | |
| Income taxes | 67/77 | €518 | €502 | -€16 | -3.1% |
| Profit (loss) for the period | 9904 | -€79,001 | €6,122 | +€85,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,001 | €6,122 | +€85,123 |
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 1 November 2026 via checked.be.