MARIËN: what changed
Two fiscal 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.
MARIËN
Largest movements
- Cash +€28,665
up €28,665 (+143.2%), from €20,024 to €48,690
- Tangible fixed assets +€7,596
up €7,596 (+46.3%), from €16,411 to €24,007
- Stocks and contracts +€6,921
up €6,921 (+544.8%), from €1,271 to €8,192
- Reserves +€34,802
up €34,802 (+159.4%), from €21,838 to €56,641
- Tax, wage and social debts +€4,168
up €4,168 (+53.3%), from €7,823 to €11,991
of which Taxes: +€10,597
- Trade debts +€2,851
up €2,851 (+205.9%), from €1,385 to €4,236
- Gross operating margin +€54,262
up €54,262 (+9523.8%), from €570 to €54,831
- Taxes +€10,203
new in 2025: €10,203
- Depreciation +€1,178
up €1,178 (+25.7%), from €4,584 to €5,762
- Staff costs -€1,091
down €1,091 (-87.9%), from €1,241 to €150
- Other operating charges -€563
down €563 (-17.8%), from €3,168 to €2,605
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,029 | €81,166 | +€42,137 | +108.0% |
| Fixed assets | 21/28 | €16,536 | €24,132 | +€7,596 | +45.9% |
| Tangible fixed assets | 22/27 | €16,411 | €24,007 | +€7,596 | +46.3% |
| Plant, machinery and equipment | 23 | €16,411 | €24,007 | +€7,596 | +46.3% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €22,493 | €57,034 | +€34,541 | +153.6% |
| Stocks and contracts in progress | 3 | €1,271 | €8,192 | +€6,921 | +544.8% |
| Stocks | 30/36 | €1,271 | €8,192 | +€6,921 | +544.8% |
| Amounts receivable within one year | 40/41 | €526 | - | -€526 | |
| Trade receivables | 40 | €75 | - | -€75 | |
| Other amounts receivable | 41 | €451 | - | -€451 | |
| Cash at bank and in hand | 54/58 | €20,024 | €48,690 | +€28,665 | +143.2% |
| Deferred charges and accrued income | 490/1 | €673 | €153 | -€520 | -77.3% |
| Total equity and liabilities | 10/49 | €39,029 | €81,166 | +€42,137 | +108.0% |
| Equity | 10/15 | €29,747 | €64,673 | +€34,925 | +117.4% |
| Contributions | 10/11 | €140 | €140 | = | 0.0% |
| Reserves | 13 | €21,838 | €56,641 | +€34,802 | +159.4% |
| Distributable reserves | 133 | €21,838 | €56,641 | +€34,802 | +159.4% |
| Profit (loss) carried forward | 14 | €7,769 | €7,892 | +€123 | +1.6% |
| Amounts payable | 17/49 | €9,282 | €16,494 | +€7,211 | +77.7% |
| Amounts payable within one year | 42/48 | €9,282 | €16,494 | +€7,211 | +77.7% |
| Trade debts | 44 | €1,385 | €4,236 | +€2,851 | +205.9% |
| Suppliers | 440/4 | €1,385 | €4,236 | +€2,851 | +205.9% |
| Taxes, remuneration and social security | 45 | €7,823 | €11,991 | +€4,168 | +53.3% |
| Taxes | 450/3 | - | €10,597 | +€10,597 | |
| Remuneration and social security | 454/9 | €7,823 | €1,394 | -€6,429 | -82.2% |
| Other amounts payable | 47/48 | €75 | €267 | +€192 | +256.5% |
| Remuneration, social security and pensions | 62 | €1,241 | €150 | -€1,091 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €5,762 | +€1,178 | +25.7% |
| Other operating charges | 640/8 | €3,168 | €2,605 | -€563 | -17.8% |
| Gross operating margin | 9900 | €570 | €54,831 | +€54,262 | +9523.8% |
| Operating profit (loss) | 9901 | -€8,424 | €46,314 | +€54,738 | |
| Financial charges | 65/66B | €1,802 | €1,309 | -€493 | -27.4% |
| Recurring financial charges | 65 | €1,802 | €1,309 | -€493 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,226 | €45,005 | +€55,231 | |
| Income taxes | 67/77 | - | €10,203 | +€10,203 | |
| Profit (loss) for the period | 9904 | -€10,226 | €34,802 | +€45,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,226 | €34,802 | +€45,028 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.