MARIGNAN: 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.
MARIGNAN
Largest movements
- Tangible fixed assets +€18,456
up €18,456 (+12.2%), from €151,861 to €170,318
of which Furniture and vehicles: +€35,497
- Current investments +€15,265
up €15,265 (+610.6%), from €2,500 to €17,765
- Cash -€14,636
down €14,636 (-93.3%), from €15,693 to €1,057
mainly Investment in fixed assets (net) (-€41,966) and Current investments (-€15,265)
- Stocks and contracts +€4,370
up €4,370 (+11.8%), from €36,884 to €41,253
- Receivables within one year -€3,016
down €3,016 (-38.4%), from €7,845 to €4,829
of which Trade receivables: -€3,016
- Profit (loss) carried forward +€12,325
up €12,325 (+14.0%), from -€87,803 to -€75,478
- Debts after one year +€7,490
up €7,490 (+3.1%), from €245,237 to €252,727
- Current portion of long-term debt +€3,552
up €3,552 (+18.2%), from €19,566 to €23,118
- Gross operating margin +€16,007
up €16,007 (+25.6%), from €62,526 to €78,533
- Staff costs +€6,986
up €6,986 (+40.2%), from €17,372 to €24,358
- Depreciation +€4,348
up €4,348 (+22.7%), from €19,161 to €23,509
- Other operating charges +€2,426
up €2,426 (+35.1%), from €6,909 to €9,335
- Financial charges -€1,001
down €1,001 (-9.7%), from €10,274 to €9,273
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,447 | €240,239 | +€22,792 | +10.5% |
| Fixed assets | 21/28 | €151,861 | €170,318 | +€18,456 | +12.2% |
| Tangible fixed assets | 22/27 | €151,861 | €170,318 | +€18,456 | +12.2% |
| Land and buildings | 22 | €146,221 | €129,386 | -€16,835 | -11.5% |
| Plant, machinery and equipment | 23 | €5,369 | €5,163 | -€206 | -3.8% |
| Furniture and vehicles | 24 | €272 | €35,769 | +€35,497 | +13067.3% |
| Current assets | 29/58 | €65,586 | €69,922 | +€4,336 | +6.6% |
| Stocks and contracts in progress | 3 | €36,884 | €41,253 | +€4,370 | +11.8% |
| Stocks | 30/36 | €36,884 | €41,253 | +€4,370 | +11.8% |
| Amounts receivable within one year | 40/41 | €7,845 | €4,829 | -€3,016 | -38.4% |
| Trade receivables | 40 | €7,595 | €4,579 | -€3,016 | -39.7% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Current investments | 50/53 | €2,500 | €17,765 | +€15,265 | +610.6% |
| Cash at bank and in hand | 54/58 | €15,693 | €1,057 | -€14,636 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,664 | €5,017 | +€2,353 | +88.3% |
| Total equity and liabilities | 10/49 | €217,447 | €240,239 | +€22,792 | +10.5% |
| Equity | 10/15 | -€63,271 | -€50,946 | +€12,325 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,932 | €5,932 | = | 0.0% |
| Distributable reserves | 133 | €5,932 | €5,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,803 | -€75,478 | +€12,325 | +14.0% |
| Amounts payable | 17/49 | €280,718 | €291,185 | +€10,467 | +3.7% |
| Amounts payable after more than one year | 17 | €245,237 | €252,727 | +€7,490 | +3.1% |
| Financial debts | 170/4 | €245,237 | €252,727 | +€7,490 | +3.1% |
| Amounts payable within one year | 42/48 | €34,688 | €38,413 | +€3,726 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €19,566 | €23,118 | +€3,552 | +18.2% |
| Trade debts | 44 | €10,092 | €11,550 | +€1,458 | +14.4% |
| Suppliers | 440/4 | €10,092 | €11,550 | +€1,458 | +14.4% |
| Taxes, remuneration and social security | 45 | €5,030 | €3,745 | -€1,284 | -25.5% |
| Taxes | 450/3 | €3,477 | €2,267 | -€1,211 | -34.8% |
| Remuneration and social security | 454/9 | €1,552 | €1,478 | -€74 | -4.8% |
| Accrued charges and deferred income | 492/3 | €793 | €45 | -€749 | -94.4% |
| Non-recurring operating income | 76A | €15,688 | €17,728 | +€2,040 | +13.0% |
| Remuneration, social security and pensions | 62 | €17,372 | €24,358 | +€6,986 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,161 | €23,509 | +€4,348 | +22.7% |
| Other operating charges | 640/8 | €6,909 | €9,335 | +€2,426 | +35.1% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €62,526 | €78,533 | +€16,007 | +25.6% |
| Operating profit (loss) | 9901 | €19,084 | €21,273 | +€2,188 | +11.5% |
| Financial income | 75/76B | €182 | €442 | +€260 | +142.8% |
| Recurring financial income | 75 | €182 | €442 | +€260 | +142.8% |
| Financial charges | 65/66B | €10,274 | €9,273 | -€1,001 | -9.7% |
| Recurring financial charges | 65 | €10,274 | €9,273 | -€1,001 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €8,993 | €12,442 | +€3,449 | +38.4% |
| Income taxes | 67/77 | - | €116 | +€116 | |
| Profit (loss) for the period | 9904 | €8,993 | €12,325 | +€3,333 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,993 | €12,325 | +€3,333 | +37.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.