MARIMMO PROJECTS: what changed
MARIMMO PROJECTS
Largest movements
- Tangible fixed assets +€425,085
up €425,085 (+17.1%), from €2.5m to €2.9m
of which Land and buildings: +€439,260
- Current investments +€180,765
up €180,765, from €0 to €180,765
- Receivables within one year -€131,147
down €131,147 (-50.3%), from €260,606 to €129,459
of which Trade receivables: -€139,461
- Cash +€122,048
up €122,048 (+125%), from €97,773 to €219,821
mainly Debts after one year (+€991,028) and Receivables within one year (+€131,147)
- Debts after one year +€991,028
up €991,028 (+118%), from €836,955 to €1.8m
of which Financial debts: +€990,668
- Other debts -€368,155
down €368,155 (-100%), from €368,155 to €0
- Tax, wage and social debts -€111,534
down €111,534 (-81.5%), from €136,883 to €25,348
of which Taxes: -€110,534
- Current portion of long-term debt +€41,556
up €41,556 (+31.8%), from €130,871 to €172,427
- Gross operating margin -€424,323
down €424,323 (-73.6%), from €576,748 to €152,425
- Taxes -€88,067
down €88,067 (-80.9%), from €108,918 to €20,852
- Depreciation -€52,549
down €52,549 (-52.6%), from €99,980 to €47,431
- Financial income +€14,123
up €14,123 (+41,044%), from €34 to €14,158
- Financial charges +€8,977
up €8,977 (+18.1%), from €49,533 to €58,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,851,588 | €3,441,508 | +€589,920 | +20.7% |
| Fixed assets | 21/28 | €2,481,212 | €2,906,297 | +€425,085 | +17.1% |
| Tangible fixed assets | 22/27 | €2,481,212 | €2,906,297 | +€425,085 | +17.1% |
| Land and buildings | 22 | €2,412,500 | €2,851,759 | +€439,260 | +18.2% |
| Plant, machinery and equipment | 23 | €12,068 | €3,892 | -€8,177 | -67.8% |
| Furniture and vehicles | 24 | €17,249 | €11,251 | -€5,998 | -34.8% |
| Other tangible fixed assets | 26 | €39,395 | €39,395 | = | 0.0% |
| Current assets | 29/58 | €370,376 | €535,211 | +€164,835 | +44.5% |
| Amounts receivable within one year | 40/41 | €260,606 | €129,459 | -€131,147 | -50.3% |
| Trade receivables | 40 | €239,524 | €100,063 | -€139,461 | -58.2% |
| Other amounts receivable | 41 | €21,082 | €29,396 | +€8,315 | +39.4% |
| Current investments | 50/53 | €0 | €180,765 | +€180,765 | |
| Cash at bank and in hand | 54/58 | €97,773 | €219,821 | +€122,048 | +125% |
| Deferred charges and accrued income | 490/1 | €11,998 | €5,166 | -€6,832 | -56.9% |
| Total equity and liabilities | 10/49 | €2,851,588 | €3,441,508 | +€589,920 | +20.7% |
| Equity | 10/15 | €1,375,135 | €1,397,761 | +€22,626 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,368,935 | €1,391,561 | +€22,626 | +1.7% |
| Distributable reserves | 133 | €1,368,935 | €1,391,561 | +€22,626 | +1.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €1,476,453 | €2,043,747 | +€567,294 | +38.4% |
| Amounts payable after more than one year | 17 | €836,955 | €1,827,983 | +€991,028 | +118% |
| Financial debts | 170/4 | €833,013 | €1,823,681 | +€990,668 | +119% |
| Other amounts payable | 178/9 | €3,942 | €4,302 | +€360 | +9.1% |
| Amounts payable within one year | 42/48 | €639,499 | €215,590 | -€423,909 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €130,871 | €172,427 | +€41,556 | +31.8% |
| Financial debts | 43 | €583 | €670 | +€87 | +14.9% |
| Credit institutions | 430/8 | €583 | €670 | +€87 | +14.9% |
| Trade debts | 44 | €3,007 | €17,145 | +€14,138 | +470% |
| Suppliers | 440/4 | €3,007 | €17,145 | +€14,138 | +470% |
| Taxes, remuneration and social security | 45 | €136,883 | €25,348 | -€111,534 | -81.5% |
| Taxes | 450/3 | €135,883 | €25,348 | -€110,534 | -81.3% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €368,155 | €0 | -€368,155 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,980 | €47,431 | -€52,549 | -52.6% |
| Other operating charges | 640/8 | €13,114 | €17,164 | +€4,050 | +30.9% |
| Gross operating margin | 9900 | €576,748 | €152,425 | -€424,323 | -73.6% |
| Operating profit (loss) | 9901 | €463,654 | €87,830 | -€375,824 | -81.1% |
| Financial income | 75/76B | €34 | €14,158 | +€14,123 | +41,044% |
| Recurring financial income | 75 | €34 | €14,158 | +€14,123 | +41,044% |
| Financial charges | 65/66B | €49,533 | €58,510 | +€8,977 | +18.1% |
| Recurring financial charges | 65 | €49,533 | €58,510 | +€8,977 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €414,155 | €43,478 | -€370,678 | -89.5% |
| Income taxes | 67/77 | €108,918 | €20,852 | -€88,067 | -80.9% |
| Profit (loss) for the period | 9904 | €305,237 | €22,626 | -€282,611 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €305,237 | €22,626 | -€282,611 | -92.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.