MARIEVER: 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.
MARIEVER
Largest movements
- Receivables within one year +€54,355
up €54,355 (+273.6%), from €19,863 to €74,218
of which Other amounts receivable: +€45,651
- Tangible fixed assets -€51,000
down €51,000 (-75.8%), from €67,245 to €16,245
of which Land and buildings: -€48,719
- Cash -€37,815
down €37,815 (-70.1%), from €53,950 to €16,136
mainly Receivables within one year (-€54,355) and Net result for the year (-€37,067)
- Reserves -€38,733
down €38,733 (-9.1%), from €427,174 to €388,441
of which Tax-exempt reserves: -€43,739
- Current portion of long-term debt -€21,894
no longer reported in 2025 (was €21,894)
- Other debts +€20,712
up €20,712 (+133.0%), from €15,575 to €36,288
- Gross operating margin -€23,160
down €23,160 (-35.6%), from €64,982 to €41,823
- Write-downs +€18,187
new in 2025: €18,187
- Taxes -€9,576
down €9,576 (-63.8%), from €15,008 to €5,431
- Depreciation -€8,123
down €8,123 (-12.9%), from €62,972 to €54,850
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 | €498,050 | €463,721 | -€34,328 | -6.9% |
| Fixed assets | 21/28 | €67,245 | €16,245 | -€51,000 | -75.8% |
| Tangible fixed assets | 22/27 | €67,245 | €16,245 | -€51,000 | -75.8% |
| Land and buildings | 22 | €55,815 | €7,096 | -€48,719 | -87.3% |
| Other tangible fixed assets | 26 | €11,430 | €9,149 | -€2,281 | -20.0% |
| Current assets | 29/58 | €430,805 | €447,476 | +€16,671 | +3.9% |
| Amounts receivable after more than one year | 29 | €335,000 | €335,000 | = | 0.0% |
| Other amounts receivable | 291 | €335,000 | €335,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,863 | €74,218 | +€54,355 | +273.6% |
| Trade receivables | 40 | €10,653 | €19,357 | +€8,704 | +81.7% |
| Other amounts receivable | 41 | €9,210 | €54,861 | +€45,651 | +495.7% |
| Current investments | 50/53 | €14,916 | €14,916 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,950 | €16,136 | -€37,815 | -70.1% |
| Deferred charges and accrued income | 490/1 | €7,075 | €7,206 | +€131 | +1.9% |
| Total equity and liabilities | 10/49 | €498,050 | €463,721 | -€34,328 | -6.9% |
| Equity | 10/15 | €450,892 | €412,159 | -€38,733 | -8.6% |
| Contributions | 10/11 | €23,718 | €23,718 | = | 0.0% |
| Reserves | 13 | €427,174 | €388,441 | -€38,733 | -9.1% |
| Tax-exempt reserves | 132 | €43,739 | - | -€43,739 | |
| Distributable reserves | 133 | €383,435 | €388,441 | +€5,006 | +1.3% |
| Amounts payable | 17/49 | €47,158 | €51,562 | +€4,404 | +9.3% |
| Amounts payable within one year | 42/48 | €39,779 | €41,202 | +€1,423 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €21,894 | - | -€21,894 | |
| Trade debts | 44 | - | €2,161 | +€2,161 | |
| Suppliers | 440/4 | - | €2,161 | +€2,161 | |
| Taxes, remuneration and social security | 45 | €2,310 | €2,753 | +€443 | +19.2% |
| Taxes | 450/3 | €2,310 | €2,753 | +€443 | +19.2% |
| Other amounts payable | 47/48 | €15,575 | €36,288 | +€20,712 | +133.0% |
| Accrued charges and deferred income | 492/3 | €7,379 | €10,360 | +€2,982 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,972 | €54,850 | -€8,123 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,187 | +€18,187 | |
| Other operating charges | 640/8 | €3,263 | €3,462 | +€198 | +6.1% |
| Gross operating margin | 9900 | €64,982 | €41,823 | -€23,160 | -35.6% |
| Operating profit (loss) | 9901 | -€1,254 | -€34,676 | -€33,422 | -2665.7% |
| Financial income | 75/76B | €4,910 | €4,913 | +€3 | +0.1% |
| Recurring financial income | 75 | €4,910 | €4,913 | +€3 | +0.1% |
| Financial charges | 65/66B | €2,060 | €1,873 | -€187 | -9.1% |
| Recurring financial charges | 65 | €2,060 | €1,873 | -€187 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €1,597 | -€31,635 | -€33,232 | |
| Income taxes | 67/77 | €15,008 | €5,431 | -€9,576 | -63.8% |
| Profit (loss) for the period | 9904 | -€13,411 | -€37,067 | -€23,655 | -176.4% |
| Transfer from tax-exempt reserves | 789 | €43,739 | €43,739 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,327 | €6,672 | -€23,655 | -78.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.