MARIEN & PARTNERS: 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 & PARTNERS
Largest movements
- Cash +€124,478
up €124,478 (+404%), from €30,802 to €155,279
mainly Receivables within one year (+€76,113) and Other debts (+€59,150)
- Receivables within one year -€76,113
down €76,113 (-49.5%), from €153,835 to €77,722
of which Trade receivables: -€71,444
- Tangible fixed assets -€23,045
down €23,045 (-32.3%), from €71,306 to €48,261
of which Land and buildings: -€13,000
- Other debts +€59,150
up €59,150 (+156%), from €37,970 to €97,120
- Debts after one year -€17,510
down €17,510 (-24.2%), from €72,274 to €54,764
- Tax, wage and social debts -€10,965
down €10,965 (-97.4%), from €11,257 to €292
of which Taxes: -€11,110
- Profit (loss) carried forward -€9,079
down €9,079 (-12.5%), from €72,663 to €63,585
- Gross operating margin -€10,165
down €10,165 (-27.8%), from €36,542 to €26,377
- Staff costs -€2,207
down €2,207 (-27.2%), from €8,103 to €5,897
- Other operating charges -€1,832
down €1,832 (-27.5%), from €6,663 to €4,831
- Financial income +€892
up €892 (+32.0%), from €2,792 to €3,684
- Financial charges -€629
down €629 (-10.6%), from €5,924 to €5,295
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 | €276,522 | €300,086 | +€23,564 | +8.5% |
| Fixed assets | 21/28 | €71,356 | €48,311 | -€23,045 | -32.3% |
| Tangible fixed assets | 22/27 | €71,306 | €48,261 | -€23,045 | -32.3% |
| Land and buildings | 22 | €52,000 | €39,000 | -€13,000 | -25.0% |
| Plant, machinery and equipment | 23 | €1,366 | €291 | -€1,075 | -78.7% |
| Furniture and vehicles | 24 | €17,940 | €8,970 | -€8,970 | -50.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €205,166 | €251,774 | +€46,608 | +22.7% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,835 | €77,722 | -€76,113 | -49.5% |
| Trade receivables | 40 | €77,667 | €6,224 | -€71,444 | -92.0% |
| Other amounts receivable | 41 | €76,168 | €71,499 | -€4,669 | -6.1% |
| Current investments | 50/53 | €10,828 | €10,828 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,802 | €155,279 | +€124,478 | +404% |
| Deferred charges and accrued income | 490/1 | €5,201 | €3,445 | -€1,757 | -33.8% |
| Total equity and liabilities | 10/49 | €276,522 | €300,086 | +€23,564 | +8.5% |
| Equity | 10/15 | €138,265 | €129,187 | -€9,079 | -6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,402 | €59,402 | = | 0.0% |
| 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 | €57,542 | €57,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,663 | €63,585 | -€9,079 | -12.5% |
| Amounts payable | 17/49 | €138,257 | €170,899 | +€32,643 | +23.6% |
| Amounts payable after more than one year | 17 | €72,274 | €54,764 | -€17,510 | -24.2% |
| Financial debts | 170/4 | €72,274 | €54,764 | -€17,510 | -24.2% |
| Amounts payable within one year | 42/48 | €65,982 | €116,135 | +€50,153 | +76.0% |
| Current portion of amounts payable after more than one year | 42 | €16,637 | €17,510 | +€873 | +5.2% |
| Trade debts | 44 | €117 | €1,213 | +€1,095 | +932% |
| Suppliers | 440/4 | €117 | €1,213 | +€1,095 | +932% |
| Taxes, remuneration and social security | 45 | €11,257 | €292 | -€10,965 | -97.4% |
| Taxes | 450/3 | €11,257 | €147 | -€11,110 | -98.7% |
| Remuneration and social security | 454/9 | - | €145 | +€145 | |
| Other amounts payable | 47/48 | €37,970 | €97,120 | +€59,150 | +156% |
| Remuneration, social security and pensions | 62 | €8,103 | €5,897 | -€2,207 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,180 | €23,045 | -€136 | -0.6% |
| Other operating charges | 640/8 | €6,663 | €4,831 | -€1,832 | -27.5% |
| Gross operating margin | 9900 | €36,542 | €26,377 | -€10,165 | -27.8% |
| Operating profit (loss) | 9901 | -€1,405 | -€7,395 | -€5,990 | -426% |
| Financial income | 75/76B | €2,792 | €3,684 | +€892 | +32.0% |
| Recurring financial income | 75 | €2,792 | €3,684 | +€892 | +32.0% |
| Financial charges | 65/66B | €5,924 | €5,295 | -€629 | -10.6% |
| Recurring financial charges | 65 | €5,924 | €5,295 | -€629 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,538 | -€9,006 | -€4,469 | -98.5% |
| Income taxes | 67/77 | €74 | €73 | -€2 | -2.1% |
| Profit (loss) for the period | 9904 | -€4,612 | -€9,079 | -€4,467 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,612 | -€9,079 | -€4,467 | -96.9% |
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.