MARIEN: 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.
MARIEN
Largest movements
- Tangible fixed assets -€34,245
down €34,245 (-47.0%), from €72,859 to €38,614
- Receivables within one year +€17,409
up €17,409 (+13.0%), from €133,493 to €150,902
of which Other amounts receivable: +€23,748
- Tax, wage and social debts -€9,039
down €9,039 (-61.0%), from €14,817 to €5,778
- Reserves -€6,149
down €6,149 (-1.6%), from €374,787 to €368,638
of which Tax-exempt reserves: -€9,500
- Gross operating margin -€24,422
down €24,422 (-48.3%), from €50,599 to €26,178
- Financial income +€6,787
up €6,787 (+67,873,900%), from €0 to €6,787
- Taxes -€5,243
down €5,243 (-68.1%), from €7,702 to €2,459
- Other operating charges +€1,383
up €1,383 (+54.6%), from €2,530 to €3,913
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 | €464,148 | €441,503 | -€22,645 | -4.9% |
| Fixed assets | 21/28 | €72,959 | €38,614 | -€34,344 | -47.1% |
| Tangible fixed assets | 22/27 | €72,859 | €38,614 | -€34,245 | -47.0% |
| Land and buildings | 22 | €30,354 | €19,577 | -€10,777 | -35.5% |
| Plant, machinery and equipment | 23 | €23,689 | €16,110 | -€7,579 | -32.0% |
| Furniture and vehicles | 24 | €3,318 | €2,928 | -€390 | -11.8% |
| Other tangible fixed assets | 26 | €15,499 | - | -€15,499 | |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €391,189 | €402,889 | +€11,700 | +3.0% |
| Amounts receivable within one year | 40/41 | €133,493 | €150,902 | +€17,409 | +13.0% |
| Trade receivables | 40 | €10,708 | €4,368 | -€6,339 | -59.2% |
| Other amounts receivable | 41 | €122,785 | €146,533 | +€23,748 | +19.3% |
| Cash at bank and in hand | 54/58 | €253,855 | €251,987 | -€1,868 | -0.7% |
| Deferred charges and accrued income | 490/1 | €3,841 | - | -€3,841 | |
| Total equity and liabilities | 10/49 | €464,148 | €441,503 | -€22,645 | -4.9% |
| Equity | 10/15 | €437,673 | €430,638 | -€7,035 | -1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €374,787 | €368,638 | -€6,149 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | - | -€9,500 | |
| Distributable reserves | 133 | €359,087 | €362,438 | +€3,351 | +0.9% |
| Profit (loss) carried forward | 14 | €886 | - | -€886 | |
| Provisions and deferred taxes | 16 | €3,167 | - | -€3,167 | |
| Deferred taxes | 168 | €3,167 | - | -€3,167 | |
| Amounts payable | 17/49 | €23,308 | €10,865 | -€12,443 | -53.4% |
| Amounts payable within one year | 42/48 | €23,308 | €10,865 | -€12,443 | -53.4% |
| Trade debts | 44 | €8,492 | €5,087 | -€3,404 | -40.1% |
| Suppliers | 440/4 | €8,492 | €5,087 | -€3,404 | -40.1% |
| Taxes, remuneration and social security | 45 | €14,817 | €5,778 | -€9,039 | -61.0% |
| Taxes | 450/3 | €14,817 | €5,778 | -€9,039 | -61.0% |
| Non-recurring operating income | 76A | €10,000 | €86 | -€9,914 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,236 | €36,211 | -€25 | -0.1% |
| Other operating charges | 640/8 | €2,530 | €3,913 | +€1,383 | +54.6% |
| Non-recurring operating charges | 66A | €5,803 | - | -€5,803 | |
| Gross operating margin | 9900 | €50,599 | €26,178 | -€24,422 | -48.3% |
| Operating profit (loss) | 9901 | €6,030 | -€13,946 | -€19,976 | |
| Financial income | 75/76B | €0 | €6,787 | +€6,787 | +67,873,900% |
| Recurring financial income | 75 | €0 | €6,787 | +€6,787 | +67,873,900% |
| Financial charges | 65/66B | €392 | €584 | +€192 | +48.9% |
| Recurring financial charges | 65 | €392 | €584 | +€192 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €5,638 | -€7,743 | -€13,380 | |
| Transfer from deferred taxes | 780 | €3,167 | €3,167 | -€0 | 0.0% |
| Income taxes | 67/77 | €7,702 | €2,459 | -€5,243 | -68.1% |
| Profit (loss) for the period | 9904 | €1,103 | -€7,035 | -€8,137 | |
| Transfer from tax-exempt reserves | 789 | €9,500 | €9,500 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,603 | €2,465 | -€8,137 | -76.7% |
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 28 October 2026 via checked.be.