MARIGOT: 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.
What changed
MARIGOT
NACE 82.100, Office administrative and support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€14,217
2024 · €170,937-€185,153
Equity
€249,327
2024 · €263,543-€14,217
Cash
€3,692
2024 · €742+€2,951
Balance sheet total
€479,186
2024 · €487,020-€7,834
Largest movements
Assets
- Tangible fixed assets -€5,992
down €5,992 (-2.3%), from €256,638 to €250,646
of which Land and buildings: -€3,412
Equity and liabilities
- Profit (loss) carried forward -€12,566
down €12,566, from €762 to -€11,805
Income statement
- Gross operating margin -€248,021
down €248,021 (-97.2%), from €255,151 to €7,130
- Depreciation -€5,930
down €5,930 (-49.7%), from €11,922 to €5,992
- Other operating charges +€2,618
up €2,618 (+60.4%), from €4,332 to €6,950
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.
Result 2024
€170,937
Gross operating margin
-€248,021
Depreciation
+€5,930
Other operating charges
-€2,618
Financial income
+€1,450
Financial charges
+€2,501
Taxes
+€855
Deferred taxes and other
+€54,750
Result 2025
-€14,217
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.
From operations
+€2,953
Investment
€0
Financing
-€2
Cash 2024
€742
From operations (derived)
+€2,953
Net result for the year
-€14,217
Depreciation
+€5,992
Receivables within one year
+€4,793
Provisions
-€850
Trade debts
+€2,019
Tax, wage and social debts
-€240
Other debts
+€1,478
Accrued charges and deferred income
+€3,979
Financing
-€2
Short-term financial debts
-€2
Cash 2025
€3,692
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,020 | €479,186 | -€7,834 | -1.6% |
| Fixed assets | 21/28 | €257,630 | €251,638 | -€5,992 | -2.3% |
| Tangible fixed assets | 22/27 | €256,638 | €250,646 | -€5,992 | -2.3% |
| Land and buildings | 22 | €69,658 | €66,246 | -€3,412 | -4.9% |
| Plant, machinery and equipment | 23 | €630 | - | -€630 | |
| Other tangible fixed assets | 26 | €186,350 | €184,400 | -€1,950 | -1.0% |
| Financial fixed assets | 28 | €992 | €992 | = | 0.0% |
| Current assets | 29/58 | €229,390 | €227,548 | -€1,842 | -0.8% |
| Amounts receivable within one year | 40/41 | €228,649 | €223,856 | -€4,793 | -2.1% |
| Trade receivables | 40 | €143,056 | €143,156 | +€100 | +0.1% |
| Other amounts receivable | 41 | €85,592 | €80,700 | -€4,893 | -5.7% |
| Cash at bank and in hand | 54/58 | €742 | €3,692 | +€2,951 | +397.9% |
| Total equity and liabilities | 10/49 | €487,020 | €479,186 | -€7,834 | -1.6% |
| Equity | 10/15 | €263,543 | €249,327 | -€14,217 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €244,190 | €242,540 | -€1,650 | -0.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €167,551 | €165,900 | -€1,650 | -1.0% |
| Distributable reserves | 133 | €74,780 | €74,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | €762 | -€11,805 | -€12,566 | |
| Provisions and deferred taxes | 16 | €56,450 | €55,600 | -€850 | -1.5% |
| Deferred taxes | 168 | €56,450 | €55,600 | -€850 | -1.5% |
| Amounts payable | 17/49 | €167,027 | €174,259 | +€7,233 | +4.3% |
| Amounts payable within one year | 42/48 | €167,027 | €170,281 | +€3,254 | +1.9% |
| Financial debts | 43 | €155,002 | €155,000 | -€2 | 0.0% |
| Credit institutions | 430/8 | €155,002 | €155,000 | -€2 | 0.0% |
| Trade debts | 44 | €5,639 | €7,658 | +€2,019 | +35.8% |
| Suppliers | 440/4 | €5,639 | €7,658 | +€2,019 | +35.8% |
| Taxes, remuneration and social security | 45 | €5,386 | €5,146 | -€240 | -4.5% |
| Taxes | 450/3 | €5,386 | €5,146 | -€240 | -4.5% |
| Other amounts payable | 47/48 | €1,000 | €2,478 | +€1,478 | +147.8% |
| Accrued charges and deferred income | 492/3 | - | €3,979 | +€3,979 | |
| Non-recurring operating income | 76A | €219,000 | - | -€219,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,922 | €5,992 | -€5,930 | -49.7% |
| Other operating charges | 640/8 | €4,332 | €6,950 | +€2,618 | +60.4% |
| Gross operating margin | 9900 | €255,151 | €7,130 | -€248,021 | -97.2% |
| Operating profit (loss) | 9901 | €238,897 | -€5,812 | -€244,709 | |
| Financial income | 75/76B | €658 | €2,108 | +€1,450 | +220.5% |
| Recurring financial income | 75 | €658 | €2,108 | +€1,450 | +220.5% |
| Financial charges | 65/66B | €13,863 | €11,362 | -€2,501 | -18.0% |
| Recurring financial charges | 65 | €13,863 | €11,362 | -€2,501 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €225,692 | -€15,066 | -€240,758 | |
| Transfer from deferred taxes | 780 | €850 | €850 | = | 0.0% |
| Transfer to deferred taxes | 680 | €54,750 | - | -€54,750 | |
| Income taxes | 67/77 | €855 | - | -€855 | |
| Profit (loss) for the period | 9904 | €170,937 | -€14,217 | -€185,153 | |
| Transfer from tax-exempt reserves | 789 | €1,650 | €1,650 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €164,250 | - | -€164,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,337 | -€12,566 | -€20,903 |
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 12 October 2026 via checked.be.