MARIELLE: 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.
MARIELLE
Largest movements
- Tangible fixed assets -€65,451
down €65,451 (-7.9%), from €826,011 to €760,560
- Cash -€29,330
down €29,330 (-90.1%), from €32,537 to €3,207
mainly Net result for the year (-€69,977) and Debts after one year (-€33,009)
- Current investments -€14,131
down €14,131 (-8.1%), from €174,306 to €160,175
- Profit (loss) carried forward -€59,156
down €59,156 (-64.6%), from -€91,578 to -€150,734
- Debts after one year -€33,009
down €33,009 (-5.6%), from €594,450 to €561,441
of which Financial debts: -€33,009
- Reserves -€10,821
down €10,821 (-6.8%), from €158,784 to €147,962
of which Tax-exempt reserves: -€10,821
- Gross operating margin -€18,104
down €18,104 (-37.3%), from €48,581 to €30,477
- Financial charges +€14,012
up €14,012 (+69.5%), from €20,173 to €34,185
- Other operating charges -€3,867
down €3,867 (-43.5%), from €8,896 to €5,029
- Financial income +€690
up €690 (+19.6%), from €3,520 to €4,210
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.
Cash bridge derived
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 | €1,037,048 | €926,946 | -€110,102 | -10.6% |
| Fixed assets | 21/28 | €826,011 | €760,560 | -€65,451 | -7.9% |
| Tangible fixed assets | 22/27 | €826,011 | €760,560 | -€65,451 | -7.9% |
| Land and buildings | 22 | €826,011 | €760,560 | -€65,451 | -7.9% |
| Current assets | 29/58 | €211,037 | €166,385 | -€44,651 | -21.2% |
| Amounts receivable within one year | 40/41 | €600 | €1,180 | +€580 | +96.7% |
| Other amounts receivable | 41 | €600 | €1,180 | +€580 | +96.7% |
| Current investments | 50/53 | €174,306 | €160,175 | -€14,131 | -8.1% |
| Cash at bank and in hand | 54/58 | €32,537 | €3,207 | -€29,330 | -90.1% |
| Deferred charges and accrued income | 490/1 | €3,594 | €1,824 | -€1,770 | -49.2% |
| Total equity and liabilities | 10/49 | €1,037,048 | €926,946 | -€110,102 | -10.6% |
| Equity | 10/15 | €79,605 | €9,628 | -€69,977 | -87.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €158,784 | €147,962 | -€10,821 | -6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €132,368 | €121,547 | -€10,821 | -8.2% |
| Distributable reserves | 133 | €26,415 | €26,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,578 | -€150,734 | -€59,156 | -64.6% |
| Provisions and deferred taxes | 16 | €68,190 | €62,615 | -€5,575 | -8.2% |
| Deferred taxes | 168 | €68,190 | €62,615 | -€5,575 | -8.2% |
| Amounts payable | 17/49 | €889,252 | €854,702 | -€34,550 | -3.9% |
| Amounts payable after more than one year | 17 | €594,450 | €561,441 | -€33,009 | -5.6% |
| Financial debts | 170/4 | €592,608 | €559,599 | -€33,009 | -5.6% |
| Other amounts payable | 178/9 | €1,842 | €1,842 | = | 0.0% |
| Amounts payable within one year | 42/48 | €294,198 | €292,291 | -€1,907 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €32,505 | €33,561 | +€1,056 | +3.2% |
| Financial debts | 43 | €494 | €31 | -€463 | -93.7% |
| Credit institutions | 430/8 | €494 | €31 | -€463 | -93.7% |
| Trade debts | 44 | €2,822 | €2,111 | -€712 | -25.2% |
| Suppliers | 440/4 | €2,822 | €2,111 | -€712 | -25.2% |
| Other amounts payable | 47/48 | €258,377 | €256,588 | -€1,789 | -0.7% |
| Accrued charges and deferred income | 492/3 | €605 | €970 | +€365 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,789 | €71,033 | +€245 | +0.3% |
| Other operating charges | 640/8 | €8,896 | €5,029 | -€3,867 | -43.5% |
| Gross operating margin | 9900 | €48,581 | €30,477 | -€18,104 | -37.3% |
| Operating profit (loss) | 9901 | -€31,103 | -€45,585 | -€14,482 | -46.6% |
| Financial income | 75/76B | €3,520 | €4,210 | +€690 | +19.6% |
| Recurring financial income | 75 | €3,520 | €4,210 | +€690 | +19.6% |
| Financial charges | 65/66B | €20,173 | €34,185 | +€14,012 | +69.5% |
| Recurring financial charges | 65 | €20,173 | €34,185 | +€14,012 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,756 | -€75,560 | -€27,804 | -58.2% |
| Transfer from deferred taxes | 780 | €5,575 | €5,575 | = | 0.0% |
| Income taxes | 67/77 | -€2 | -€8 | -€6 | -228.5% |
| Profit (loss) for the period | 9904 | -€42,179 | -€69,977 | -€27,798 | -65.9% |
| Transfer from tax-exempt reserves | 789 | €10,821 | €10,821 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,358 | -€59,156 | -€27,798 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.