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
- Receivables within one year +€98,070
up €98,070 (+62.3%), from €157,510 to €255,580
of which Other amounts receivable: +€104,001
- Stocks and contracts +€26,601
up €26,601 (+7287.9%), from €365 to €26,966
- Tangible fixed assets -€15,261
down €15,261 (-4.1%), from €372,145 to €356,884
of which Furniture and vehicles: -€11,716
- Reserves +€115,160
up €115,160 (+46.0%), from €250,285 to €365,445
of which Distributable reserves: +€115,160
- Debts after one year -€16,243
down €16,243 (-6.3%), from €258,980 to €242,736
- Tax, wage and social debts +€14,085
up €14,085 (+182.5%), from €7,718 to €21,803
of which Taxes: +€12,701
- Gross operating margin +€92,809
up €92,809 (+62.8%), from €147,803 to €240,612
- Taxes +€28,031
up €28,031 (+155.9%), from €17,981 to €46,011
- Staff costs +€12,151
up €12,151 (+69.8%), from €17,414 to €29,565
- Depreciation -€6,228
down €6,228 (-21.2%), from €29,309 to €23,082
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 | €566,963 | €679,243 | +€112,280 | +19.8% |
| Fixed assets | 21/28 | €372,145 | €356,884 | -€15,261 | -4.1% |
| Tangible fixed assets | 22/27 | €372,145 | €356,884 | -€15,261 | -4.1% |
| Land and buildings | 22 | €305,528 | €307,647 | +€2,119 | +0.7% |
| Plant, machinery and equipment | 23 | €31,900 | €26,287 | -€5,613 | -17.6% |
| Furniture and vehicles | 24 | €34,514 | €22,797 | -€11,716 | -33.9% |
| Other tangible fixed assets | 26 | €203 | €152 | -€51 | -25.0% |
| Current assets | 29/58 | €194,818 | €322,359 | +€127,541 | +65.5% |
| Stocks and contracts in progress | 3 | €365 | €26,966 | +€26,601 | +7287.9% |
| Contracts in progress | 37 | €365 | €26,966 | +€26,601 | +7287.9% |
| Amounts receivable within one year | 40/41 | €157,510 | €255,580 | +€98,070 | +62.3% |
| Trade receivables | 40 | €20,420 | €14,489 | -€5,931 | -29.0% |
| Other amounts receivable | 41 | €137,090 | €241,091 | +€104,001 | +75.9% |
| Cash at bank and in hand | 54/58 | €34,650 | €38,290 | +€3,640 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,293 | €1,523 | -€770 | -33.6% |
| Total equity and liabilities | 10/49 | €566,963 | €679,243 | +€112,280 | +19.8% |
| Equity | 10/15 | €256,485 | €371,645 | +€115,160 | +44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,285 | €365,445 | +€115,160 | +46.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €248,425 | €363,585 | +€115,160 | +46.4% |
| Amounts payable | 17/49 | €310,478 | €307,598 | -€2,880 | -0.9% |
| Amounts payable after more than one year | 17 | €258,980 | €242,736 | -€16,243 | -6.3% |
| Financial debts | 170/4 | €258,980 | €242,736 | -€16,243 | -6.3% |
| Amounts payable within one year | 42/48 | €50,545 | €63,927 | +€13,382 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €15,533 | €16,243 | +€710 | +4.6% |
| Financial debts | 43 | €3,101 | €5,207 | +€2,106 | +67.9% |
| Credit institutions | 430/8 | €3,101 | €5,207 | +€2,106 | +67.9% |
| Trade debts | 44 | €24,193 | €20,674 | -€3,519 | -14.5% |
| Suppliers | 440/4 | €24,193 | €20,674 | -€3,519 | -14.5% |
| Taxes, remuneration and social security | 45 | €7,718 | €21,803 | +€14,085 | +182.5% |
| Taxes | 450/3 | €2,640 | €15,341 | +€12,701 | +481.2% |
| Remuneration and social security | 454/9 | €5,078 | €6,462 | +€1,383 | +27.2% |
| Accrued charges and deferred income | 492/3 | €954 | €935 | -€19 | -2.0% |
| Remuneration, social security and pensions | 62 | €17,414 | €29,565 | +€12,151 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,309 | €23,082 | -€6,228 | -21.2% |
| Other operating charges | 640/8 | €14,635 | €12,699 | -€1,936 | -13.2% |
| Gross operating margin | 9900 | €147,803 | €240,612 | +€92,809 | +62.8% |
| Operating profit (loss) | 9901 | €86,445 | €175,266 | +€88,822 | +102.7% |
| Financial income | 75/76B | €0 | €113 | +€112 | +48904.3% |
| Recurring financial income | 75 | €0 | €113 | +€112 | +48904.3% |
| Financial charges | 65/66B | €14,546 | €14,208 | -€338 | -2.3% |
| Recurring financial charges | 65 | €14,546 | €14,208 | -€338 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €71,899 | €161,171 | +€89,272 | +124.2% |
| Income taxes | 67/77 | €17,981 | €46,011 | +€28,031 | +155.9% |
| Profit (loss) for the period | 9904 | €53,918 | €115,160 | +€61,242 | +113.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,918 | €115,160 | +€61,242 | +113.6% |
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 5 October 2026 via checked.be.