Mariel: 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.
Mariel
Largest movements
- Tangible fixed assets -€11,400
down €11,400 (-23.7%), from €48,187 to €36,787
of which Land and buildings: -€7,458
- Cash -€6,821
down €6,821 (-25.2%), from €27,084 to €20,263
mainly Net result for the year (-€44,782) and Tax, wage and social debts (-€1,761)
- Receivables within one year -€2,294
down €2,294 (-68.3%), from €3,361 to €1,067
of which Other amounts receivable: -€1,382
- Profit (loss) carried forward -€44,782
down €44,782 (-150%), from -€29,849 to -€74,631
- Other debts +€26,390
new in 2025: €26,390
- Tax, wage and social debts -€1,761
down €1,761 (-95.8%), from €1,838 to €77
of which Remuneration and social security: -€1,838
- Gross operating margin -€12,783
down €12,783 (-76.0%), from -€16,816 to -€29,599
- Other operating charges +€1,089
up €1,089 (+98.3%), from €1,108 to €2,197
- Depreciation +€795
up €795 (+7.5%), from €10,604 to €11,400
- Financial income -€615
down €615 (-75.6%), from €815 to €199
- Financial charges -€359
down €359 (-17.9%), from €2,007 to €1,648
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 | €78,632 | €58,118 | -€20,514 | -26.1% |
| Fixed assets | 21/28 | €48,187 | €36,787 | -€11,400 | -23.7% |
| Tangible fixed assets | 22/27 | €48,187 | €36,787 | -€11,400 | -23.7% |
| Land and buildings | 22 | €33,296 | €25,838 | -€7,458 | -22.4% |
| Plant, machinery and equipment | 23 | €9,428 | €6,232 | -€3,196 | -33.9% |
| Furniture and vehicles | 24 | €5,463 | €4,717 | -€746 | -13.6% |
| Current assets | 29/58 | €30,445 | €21,330 | -€9,115 | -29.9% |
| Amounts receivable within one year | 40/41 | €3,361 | €1,067 | -€2,294 | -68.3% |
| Trade receivables | 40 | €1,763 | €851 | -€912 | -51.7% |
| Other amounts receivable | 41 | €1,598 | €216 | -€1,382 | -86.5% |
| Cash at bank and in hand | 54/58 | €27,084 | €20,263 | -€6,821 | -25.2% |
| Total equity and liabilities | 10/49 | €78,632 | €58,118 | -€20,514 | -26.1% |
| Equity | 10/15 | €72,029 | €27,247 | -€44,782 | -62.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,478 | €89,478 | = | 0.0% |
| Distributable reserves | 133 | €89,478 | €89,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,849 | -€74,631 | -€44,782 | -150% |
| Amounts payable | 17/49 | €6,603 | €30,871 | +€24,268 | +368% |
| Amounts payable within one year | 42/48 | €4,961 | €29,171 | +€24,210 | +488% |
| Trade debts | 44 | €3,123 | €2,704 | -€419 | -13.4% |
| Suppliers | 440/4 | €3,123 | €2,704 | -€419 | -13.4% |
| Taxes, remuneration and social security | 45 | €1,838 | €77 | -€1,761 | -95.8% |
| Taxes | 450/3 | - | €77 | +€77 | |
| Remuneration and social security | 454/9 | €1,838 | €0 | -€1,838 | -100% |
| Other amounts payable | 47/48 | - | €26,390 | +€26,390 | |
| Accrued charges and deferred income | 492/3 | €1,641 | €1,699 | +€58 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,604 | €11,400 | +€795 | +7.5% |
| Other operating charges | 640/8 | €1,108 | €2,197 | +€1,089 | +98.3% |
| Gross operating margin | 9900 | -€16,816 | -€29,599 | -€12,783 | -76.0% |
| Operating profit (loss) | 9901 | -€28,529 | -€43,196 | -€14,668 | -51.4% |
| Financial income | 75/76B | €815 | €199 | -€615 | -75.6% |
| Recurring financial income | 75 | €815 | €199 | -€615 | -75.6% |
| Financial charges | 65/66B | €2,007 | €1,648 | -€359 | -17.9% |
| Recurring financial charges | 65 | €2,007 | €1,648 | -€359 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,721 | -€44,645 | -€14,924 | -50.2% |
| Income taxes | 67/77 | €128 | €137 | +€9 | +6.9% |
| Profit (loss) for the period | 9904 | -€29,849 | -€44,782 | -€14,933 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,849 | -€44,782 | -€14,933 | -50.0% |
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 14 October 2026 via checked.be.