Mariebel: 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.
Mariebel
Largest movements
- Deferred charges and accrued income +€25,638
up €25,638 (+713%), from €3,594 to €29,231
- Intangible fixed assets -€5,000
down €5,000 (-28.6%), from €17,500 to €12,500
- Tangible fixed assets -€1,927
down €1,927 (-39.2%), from €4,910 to €2,983
of which Plant, machinery and equipment: -€1,280
- Receivables within one year +€1,597
up €1,597 (+34.2%), from €4,664 to €6,260
of which Trade receivables: +€1,260
- Short-term financial debts +€135,000
new in 2025: €135,000
- Other debts -€105,058
down €105,058 (-59.6%), from €176,247 to €71,189
- Current portion of long-term debt -€25,000
no longer reported in 2025 (was €25,000)
- Profit (loss) carried forward +€15,893
up €15,893 (+7.6%), from -€209,997 to -€194,104
- Advances received +€7,041
up €7,041 (+222%), from €3,165 to €10,206
- Gross operating margin +€28,783
up €28,783 (+3,117%), from €923 to €29,706
- Financial charges +€3,779
up €3,779 (+167%), from €2,266 to €6,045
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 | €30,818 | €51,507 | +€20,689 | +67.1% |
| Fixed assets | 21/28 | €22,410 | €15,483 | -€6,927 | -30.9% |
| Intangible fixed assets | 21 | €17,500 | €12,500 | -€5,000 | -28.6% |
| Tangible fixed assets | 22/27 | €4,910 | €2,983 | -€1,927 | -39.2% |
| Plant, machinery and equipment | 23 | €1,885 | €606 | -€1,280 | -67.9% |
| Furniture and vehicles | 24 | €3,024 | €2,377 | -€647 | -21.4% |
| Current assets | 29/58 | €8,408 | €36,024 | +€27,616 | +328% |
| Amounts receivable within one year | 40/41 | €4,664 | €6,260 | +€1,597 | +34.2% |
| Trade receivables | 40 | €2,352 | €3,612 | +€1,260 | +53.6% |
| Other amounts receivable | 41 | €2,312 | €2,648 | +€336 | +14.6% |
| Cash at bank and in hand | 54/58 | €151 | €533 | +€382 | +254% |
| Deferred charges and accrued income | 490/1 | €3,594 | €29,231 | +€25,638 | +713% |
| Total equity and liabilities | 10/49 | €30,818 | €51,507 | +€20,689 | +67.1% |
| Equity | 10/15 | -€185,783 | -€169,890 | +€15,893 | +8.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €5,464 | €5,464 | = | 0.0% |
| Distributable reserves | 133 | €5,464 | €5,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,997 | -€194,104 | +€15,893 | +7.6% |
| Amounts payable | 17/49 | €216,601 | €221,397 | +€4,796 | +2.2% |
| Amounts payable within one year | 42/48 | €216,183 | €221,172 | +€4,989 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | - | -€25,000 | |
| Financial debts | 43 | - | €135,000 | +€135,000 | |
| Credit institutions | 430/8 | - | €135,000 | +€135,000 | |
| Trade debts | 44 | €11,770 | €4,777 | -€6,993 | -59.4% |
| Suppliers | 440/4 | €11,770 | €4,777 | -€6,993 | -59.4% |
| Advances received on contracts in progress | 46 | €3,165 | €10,206 | +€7,041 | +222% |
| Other amounts payable | 47/48 | €176,247 | €71,189 | -€105,058 | -59.6% |
| Accrued charges and deferred income | 492/3 | €418 | €225 | -€193 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,927 | €6,927 | = | 0.0% |
| Other operating charges | 640/8 | €562 | €840 | +€278 | +49.5% |
| Gross operating margin | 9900 | €923 | €29,706 | +€28,783 | +3,117% |
| Operating profit (loss) | 9901 | -€6,566 | €21,939 | +€28,504 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €2,266 | €6,045 | +€3,779 | +167% |
| Recurring financial charges | 65 | €2,266 | €6,045 | +€3,779 | +167% |
| Profit (loss) for the period before taxes | 9903 | -€8,821 | €15,893 | +€24,714 | |
| Profit (loss) for the period | 9904 | -€8,821 | €15,893 | +€24,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,821 | €15,893 | +€24,714 |
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 16 October 2026 via checked.be.