MARIE VLS: 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 VLS
Largest movements
- Receivables within one year +€16,913
up €16,913 (+54.1%), from €31,240 to €48,153
of which Other amounts receivable: +€12,666
- Cash +€7,250
up €7,250 (+197%), from €3,680 to €10,930
mainly Net result for the year (+€22,900) and Other debts (+€22,598)
- Tangible fixed assets -€5,569
down €5,569 (-29.5%), from €18,856 to €13,287
- Other debts +€22,598
new in 2025: €22,598
- Debts after one year -€5,316
no longer reported in 2025 (was €5,316)
- Tax, wage and social debts +€2,956
up €2,956 (+69.7%), from €4,240 to €7,196
- Reserves -€1,004
down €1,004 (-2.6%), from €37,913 to €36,909
- Gross operating margin +€30,316
up €30,316 (+257%), from €11,813 to €42,129
- Taxes +€10,467
up €10,467 (+423%), from €2,475 to €12,942
- Financial income -€2,437
down €2,437 (-57.8%), from €4,216 to €1,779
of which Non-recurring financial income: -€2,937
- Other operating charges +€633
up €633 (+430%), from €147 to €780
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 | €55,346 | €74,264 | +€18,917 | +34.2% |
| Fixed assets | 21/28 | €18,856 | €13,287 | -€5,569 | -29.5% |
| Tangible fixed assets | 22/27 | €18,856 | €13,287 | -€5,569 | -29.5% |
| Furniture and vehicles | 24 | €18,856 | €13,287 | -€5,569 | -29.5% |
| Current assets | 29/58 | €36,490 | €60,976 | +€24,486 | +67.1% |
| Amounts receivable within one year | 40/41 | €31,240 | €48,153 | +€16,913 | +54.1% |
| Trade receivables | 40 | €5,400 | €9,647 | +€4,247 | +78.6% |
| Other amounts receivable | 41 | €25,840 | €38,506 | +€12,666 | +49.0% |
| Cash at bank and in hand | 54/58 | €3,680 | €10,930 | +€7,250 | +197% |
| Deferred charges and accrued income | 490/1 | €1,570 | €1,894 | +€324 | +20.6% |
| Total equity and liabilities | 10/49 | €55,346 | €74,264 | +€18,917 | +34.2% |
| Equity | 10/15 | €39,927 | €38,922 | -€1,004 | -2.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €37,913 | €36,909 | -€1,004 | -2.6% |
| Distributable reserves | 133 | €37,913 | €36,909 | -€1,004 | -2.6% |
| Profit (loss) carried forward | 14 | €2,012 | €2,012 | = | 0.0% |
| Amounts payable | 17/49 | €15,420 | €35,341 | +€19,922 | +129% |
| Amounts payable after more than one year | 17 | €5,316 | - | -€5,316 | |
| Financial debts | 170/4 | €5,316 | - | -€5,316 | |
| Amounts payable within one year | 42/48 | €10,103 | €35,341 | +€25,238 | +250% |
| Current portion of amounts payable after more than one year | 42 | €5,609 | €5,316 | -€293 | -5.2% |
| Trade debts | 44 | €254 | €231 | -€24 | -9.2% |
| Suppliers | 440/4 | €254 | €231 | -€24 | -9.2% |
| Taxes, remuneration and social security | 45 | €4,240 | €7,196 | +€2,956 | +69.7% |
| Taxes | 450/3 | €4,240 | €7,196 | +€2,956 | +69.7% |
| Other amounts payable | 47/48 | - | €22,598 | +€22,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,559 | €6,724 | +€165 | +2.5% |
| Other operating charges | 640/8 | €147 | €780 | +€633 | +430% |
| Gross operating margin | 9900 | €11,813 | €42,129 | +€30,316 | +257% |
| Operating profit (loss) | 9901 | €5,107 | €34,625 | +€29,519 | +578% |
| Financial income | 75/76B | €4,216 | €1,779 | -€2,437 | -57.8% |
| Recurring financial income | 75 | €1,278 | €1,779 | +€500 | +39.1% |
| Non-recurring financial income | 76B | €2,937 | - | -€2,937 | |
| Financial charges | 65/66B | €875 | €562 | -€313 | -35.7% |
| Recurring financial charges | 65 | €875 | €562 | -€313 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €8,448 | €35,842 | +€27,394 | +324% |
| Income taxes | 67/77 | €2,475 | €12,942 | +€10,467 | +423% |
| Profit (loss) for the period | 9904 | €5,973 | €22,900 | +€16,927 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €5,973 | €22,900 | +€16,927 | +283% |
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 24 October 2026 via checked.be.