MARIEN: 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.
MARIEN
Largest movements
- Tangible fixed assets -€32,378
down €32,378 (-16.7%), from €193,712 to €161,333
of which Land and buildings: -€32,267
- Profit (loss) carried forward -€41,107
down €41,107 (-23.7%), from -€173,666 to -€214,773
- Other debts +€39,311
up €39,311 (+24.8%), from €158,322 to €197,633
- Debts after one year -€30,597
down €30,597 (-16.8%), from €181,592 to €150,995
- Gross operating margin +€7,904
up €7,904 (+63.9%), from -€12,360 to -€4,456
- Other operating charges -€1,371
no longer reported in 2025 (was €1,371)
- Financial charges -€329
down €329 (-7.1%), from €4,601 to €4,272
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 | €203,068 | €171,269 | -€31,799 | -15.7% |
| Fixed assets | 21/28 | €193,712 | €161,333 | -€32,378 | -16.7% |
| Tangible fixed assets | 22/27 | €193,712 | €161,333 | -€32,378 | -16.7% |
| Land and buildings | 22 | €193,600 | €161,333 | -€32,267 | -16.7% |
| Other tangible fixed assets | 26 | €112 | - | -€112 | |
| Current assets | 29/58 | €9,356 | €9,935 | +€579 | +6.2% |
| Amounts receivable within one year | 40/41 | €9,075 | €9,075 | = | 0.0% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €281 | €860 | +€579 | +206.3% |
| Total equity and liabilities | 10/49 | €203,068 | €171,269 | -€31,799 | -15.7% |
| Equity | 10/15 | -€167,466 | -€208,573 | -€41,107 | -24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,666 | -€214,773 | -€41,107 | -23.7% |
| Amounts payable | 17/49 | €370,534 | €379,842 | +€9,308 | +2.5% |
| Amounts payable after more than one year | 17 | €181,592 | €150,995 | -€30,597 | -16.8% |
| Financial debts | 170/4 | €181,592 | €150,995 | -€30,597 | -16.8% |
| Amounts payable within one year | 42/48 | €188,942 | €228,847 | +€39,905 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €30,003 | €30,597 | +€594 | +2.0% |
| Trade debts | 44 | €617 | €617 | = | 0.0% |
| Suppliers | 440/4 | €617 | €617 | = | 0.0% |
| Other amounts payable | 47/48 | €158,322 | €197,633 | +€39,311 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,378 | €32,378 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,371 | - | -€1,371 | |
| Gross operating margin | 9900 | -€12,360 | -€4,456 | +€7,904 | +63.9% |
| Operating profit (loss) | 9901 | -€46,110 | -€36,835 | +€9,275 | +20.1% |
| Financial charges | 65/66B | €4,601 | €4,272 | -€329 | -7.1% |
| Recurring financial charges | 65 | €4,601 | €4,272 | -€329 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,711 | -€41,107 | +€9,603 | +18.9% |
| Profit (loss) for the period | 9904 | -€50,711 | -€41,107 | +€9,603 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,711 | -€41,107 | +€9,603 | +18.9% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.