MARISALINE: 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.
MARISALINE
Largest movements
- Receivables within one year -€65,099
down €65,099 (-86.7%), from €75,099 to €10,000
of which Other amounts receivable: -€64,559
- Current investments -€20,000
down €20,000 (-1.7%), from €1.2m to €1.2m
- Tangible fixed assets -€17,246
down €17,246 (-15.5%), from €111,128 to €93,882
of which Land and buildings: -€15,872
- Reserves -€95,084
down €95,084 (-5.8%), from €1.7m to €1.6m
of which Distributable reserves: -€95,084
- Gross operating margin -€9,369
down €9,369 (-87.7%), from -€10,678 to -€20,047
- Financial income -€5,305
down €5,305 (-10.5%), from €50,686 to €45,381
- Other operating charges -€3,972
down €3,972 (-62.7%), from €6,338 to €2,367
- Taxes -€1,495
down €1,495 (-68.9%), from €2,170 to €675
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 | €1,671,892 | €1,576,906 | -€94,985 | -5.7% |
| Fixed assets | 21/28 | €210,633 | €193,387 | -€17,246 | -8.2% |
| Tangible fixed assets | 22/27 | €111,128 | €93,882 | -€17,246 | -15.5% |
| Land and buildings | 22 | €108,379 | €92,507 | -€15,872 | -14.6% |
| Plant, machinery and equipment | 23 | €1,560 | €756 | -€804 | -51.5% |
| Furniture and vehicles | 24 | €1,189 | €619 | -€570 | -47.9% |
| Financial fixed assets | 28 | €99,505 | €99,505 | = | 0.0% |
| Current assets | 29/58 | €1,461,258 | €1,383,519 | -€77,739 | -5.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €75,099 | €10,000 | -€65,099 | -86.7% |
| Trade receivables | 40 | €540 | €0 | -€540 | -100.0% |
| Other amounts receivable | 41 | €74,559 | €10,000 | -€64,559 | -86.6% |
| Current investments | 50/53 | €1,200,000 | €1,180,000 | -€20,000 | -1.7% |
| Cash at bank and in hand | 54/58 | €159,363 | €150,517 | -€8,846 | -5.6% |
| Deferred charges and accrued income | 490/1 | €26,796 | €43,002 | +€16,206 | +60.5% |
| Total equity and liabilities | 10/49 | €1,671,892 | €1,576,906 | -€94,985 | -5.7% |
| Equity | 10/15 | €1,669,785 | €1,574,701 | -€95,084 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,651,185 | €1,556,101 | -€95,084 | -5.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,774 | €6,774 | = | 0.0% |
| Distributable reserves | 133 | €1,644,411 | €1,549,327 | -€95,084 | -5.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,106 | €2,206 | +€99 | +4.7% |
| Amounts payable within one year | 42/48 | €995 | €1,034 | +€39 | +3.9% |
| Trade debts | 44 | €421 | €0 | -€421 | -100.0% |
| Suppliers | 440/4 | €421 | €0 | -€421 | -100.0% |
| Taxes, remuneration and social security | 45 | €574 | €1,034 | +€460 | +80.0% |
| Taxes | 450/3 | €574 | €1,034 | +€460 | +80.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,111 | €1,171 | +€60 | +5.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,246 | €17,246 | = | 0.0% |
| Other operating charges | 640/8 | €6,338 | €2,367 | -€3,972 | -62.7% |
| Gross operating margin | 9900 | -€10,678 | -€20,047 | -€9,369 | -87.7% |
| Operating profit (loss) | 9901 | -€34,262 | -€39,659 | -€5,397 | -15.8% |
| Financial income | 75/76B | €50,686 | €45,381 | -€5,305 | -10.5% |
| Recurring financial income | 75 | €50,686 | €45,381 | -€5,305 | -10.5% |
| Financial charges | 65/66B | €132 | €130 | -€2 | -1.3% |
| Recurring financial charges | 65 | €132 | €130 | -€2 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €16,292 | €5,591 | -€10,701 | -65.7% |
| Income taxes | 67/77 | €2,170 | €675 | -€1,495 | -68.9% |
| Profit (loss) for the period | 9904 | €14,122 | €4,916 | -€9,206 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,122 | €4,916 | -€9,206 | -65.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.