MARIMMO: 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.
MARIMMO
Largest movements
- Tangible fixed assets +€143,612
up €143,612 (+7.5%), from €1.9m to €2.1m
of which Land and buildings: +€160,076
- Deferred charges and accrued income -€84,325
down €84,325 (-99.8%), from €84,497 to €172
- Receivables within one year -€70,432
down €70,432 (-48.7%), from €144,667 to €74,235
of which Trade receivables: -€75,867
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€8,014
up €8,014 (+21.2%), from €37,799 to €45,813
- Gross operating margin +€6,734
up €6,734 (+15.6%), from €43,042 to €49,776
- Taxes +€3,096
up €3,096, from -€34 to €3,062
- Financial charges +€2,397
up €2,397 (+5706.9%), from €42 to €2,439
- Other operating charges -€2,085
down €2,085 (-32.0%), from €6,508 to €4,423
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 | €2,171,478 | €2,161,391 | -€10,088 | -0.5% |
| Fixed assets | 21/28 | €1,918,100 | €2,061,711 | +€143,612 | +7.5% |
| Tangible fixed assets | 22/27 | €1,918,100 | €2,061,711 | +€143,612 | +7.5% |
| Land and buildings | 22 | €1,599,740 | €1,759,816 | +€160,076 | +10.0% |
| Plant, machinery and equipment | 23 | €5,288 | €5,833 | +€544 | +10.3% |
| Other tangible fixed assets | 26 | €14,021 | €12,348 | -€1,673 | -11.9% |
| Assets under construction and advance payments | 27 | €299,050 | €283,714 | -€15,336 | -5.1% |
| Current assets | 29/58 | €253,379 | €99,680 | -€153,699 | -60.7% |
| Amounts receivable within one year | 40/41 | €144,667 | €74,235 | -€70,432 | -48.7% |
| Trade receivables | 40 | €135,157 | €59,290 | -€75,867 | -56.1% |
| Other amounts receivable | 41 | €9,510 | €14,945 | +€5,435 | +57.1% |
| Cash at bank and in hand | 54/58 | €24,215 | €25,274 | +€1,059 | +4.4% |
| Deferred charges and accrued income | 490/1 | €84,497 | €172 | -€84,325 | -99.8% |
| Total equity and liabilities | 10/49 | €2,171,478 | €2,161,391 | -€10,088 | -0.5% |
| Equity | 10/15 | €2,082,771 | €2,076,809 | -€5,961 | -0.3% |
| Contributions | 10/11 | €1,374,894 | €1,374,894 | = | 0.0% |
| Capital | 10 | €1,374,894 | €1,374,894 | = | 0.0% |
| Issued capital | 100 | €1,374,894 | €1,374,894 | = | 0.0% |
| Reserves | 13 | €290,307 | €290,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,404 | €38,404 | = | 0.0% |
| Legal reserve | 130 | €38,404 | €38,404 | = | 0.0% |
| Tax-exempt reserves | 132 | €251,903 | €251,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €417,570 | €411,609 | -€5,961 | -1.4% |
| Provisions and deferred taxes | 16 | €83,968 | €83,968 | = | 0.0% |
| Deferred taxes | 168 | €83,968 | €83,968 | = | 0.0% |
| Amounts payable | 17/49 | €4,740 | €614 | -€4,126 | -87.1% |
| Amounts payable within one year | 42/48 | €4,740 | €614 | -€4,126 | -87.1% |
| Trade debts | 44 | €1,334 | €188 | -€1,147 | -85.9% |
| Suppliers | 440/4 | €1,334 | €188 | -€1,147 | -85.9% |
| Taxes, remuneration and social security | 45 | €3,406 | €426 | -€2,980 | -87.5% |
| Taxes | 450/3 | €3,406 | €426 | -€2,980 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,799 | €45,813 | +€8,014 | +21.2% |
| Other operating charges | 640/8 | €6,508 | €4,423 | -€2,085 | -32.0% |
| Gross operating margin | 9900 | €43,042 | €49,776 | +€6,734 | +15.6% |
| Operating profit (loss) | 9901 | -€1,265 | -€460 | +€805 | +63.6% |
| Financial income | 75/76B | €1,212 | - | -€1,212 | |
| Recurring financial income | 75 | €1,212 | - | -€1,212 | |
| Financial charges | 65/66B | €42 | €2,439 | +€2,397 | +5706.9% |
| Recurring financial charges | 65 | €42 | €2,439 | +€2,397 | +5706.9% |
| Profit (loss) for the period before taxes | 9903 | -€95 | -€2,899 | -€2,804 | -2951.3% |
| Income taxes | 67/77 | -€34 | €3,062 | +€3,096 | |
| Profit (loss) for the period | 9904 | -€61 | -€5,961 | -€5,900 | -9661.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€61 | -€5,961 | -€5,900 | -9661.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.