MARILIZ: 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.
MARILIZ
Largest movements
- Cash +€126,825
up €126,825 (+82.8%), from €153,170 to €279,995
mainly Net result for the year (+€198,190) and Other debts (+€127,254)
- Receivables within one year +€12,856
up €12,856 (+357.2%), from €3,600 to €16,455
- Deferred charges and accrued income +€10,236
new in 2025: €10,236
- Other debts +€127,254
up €127,254 (+158.2%), from €80,457 to €207,710
- Tax, wage and social debts +€12,617
up €12,617 (+26.8%), from €47,031 to €59,649
of which Taxes: +€13,990
- Reserves +€8,829
up €8,829 (+2.0%), from €431,822 to €440,651
- Trade debts -€7,320
down €7,320 (-42.0%), from €17,447 to €10,128
- Gross operating margin +€73,089
up €73,089 (+20.0%), from €364,863 to €437,952
- Taxes +€24,885
up €24,885 (+39.6%), from €62,791 to €87,676
- Staff costs +€16,949
up €16,949 (+12.6%), from €134,455 to €151,404
- Financial income +€7,905
up €7,905 (+465.8%), from €1,697 to €9,602
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 | €583,007 | €725,565 | +€142,558 | +24.5% |
| Fixed assets | 21/28 | €15,809 | €8,677 | -€7,132 | -45.1% |
| Tangible fixed assets | 22/27 | €15,809 | €8,677 | -€7,132 | -45.1% |
| Plant, machinery and equipment | 23 | €5,401 | €2,286 | -€3,116 | -57.7% |
| Furniture and vehicles | 24 | €376 | - | -€376 | |
| Other tangible fixed assets | 26 | €10,032 | €6,392 | -€3,640 | -36.3% |
| Current assets | 29/58 | €567,198 | €716,888 | +€149,689 | +26.4% |
| Stocks and contracts in progress | 3 | €10,429 | €10,201 | -€228 | -2.2% |
| Stocks | 30/36 | €10,429 | €10,201 | -€228 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,600 | €16,455 | +€12,856 | +357.2% |
| Trade receivables | 40 | €3,600 | €16,455 | +€12,856 | +357.2% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,170 | €279,995 | +€126,825 | +82.8% |
| Deferred charges and accrued income | 490/1 | - | €10,236 | +€10,236 | |
| Total equity and liabilities | 10/49 | €583,007 | €725,565 | +€142,558 | +24.5% |
| Equity | 10/15 | €438,072 | €446,901 | +€8,829 | +2.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €431,822 | €440,651 | +€8,829 | +2.0% |
| Distributable reserves | 133 | €431,822 | €440,651 | +€8,829 | +2.0% |
| Amounts payable | 17/49 | €144,935 | €278,664 | +€133,729 | +92.3% |
| Amounts payable within one year | 42/48 | €144,935 | €277,487 | +€132,552 | +91.5% |
| Trade debts | 44 | €17,447 | €10,128 | -€7,320 | -42.0% |
| Suppliers | 440/4 | €17,447 | €10,128 | -€7,320 | -42.0% |
| Taxes, remuneration and social security | 45 | €47,031 | €59,649 | +€12,617 | +26.8% |
| Taxes | 450/3 | €35,309 | €49,299 | +€13,990 | +39.6% |
| Remuneration and social security | 454/9 | €11,722 | €10,349 | -€1,373 | -11.7% |
| Other amounts payable | 47/48 | €80,457 | €207,710 | +€127,254 | +158.2% |
| Accrued charges and deferred income | 492/3 | - | €1,177 | +€1,177 | |
| Remuneration, social security and pensions | 62 | €134,455 | €151,404 | +€16,949 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,268 | €7,132 | -€1,136 | -13.7% |
| Other operating charges | 640/8 | €1,376 | €1,206 | -€170 | -12.3% |
| Gross operating margin | 9900 | €364,863 | €437,952 | +€73,089 | +20.0% |
| Operating profit (loss) | 9901 | €220,764 | €278,210 | +€57,446 | +26.0% |
| Financial income | 75/76B | €1,697 | €9,602 | +€7,905 | +465.8% |
| Recurring financial income | 75 | €1,697 | €9,602 | +€7,905 | +465.8% |
| Financial charges | 65/66B | €1,527 | €1,946 | +€419 | +27.4% |
| Recurring financial charges | 65 | €1,527 | €1,946 | +€419 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €220,934 | €285,866 | +€64,932 | +29.4% |
| Income taxes | 67/77 | €62,791 | €87,676 | +€24,885 | +39.6% |
| Profit (loss) for the period | 9904 | €158,143 | €198,190 | +€40,047 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €158,143 | €198,190 | +€40,047 | +25.3% |
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.