Marison: 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.
Marison
Largest movements
- Tangible fixed assets -€139,795
down €139,795 (-4.4%), from €3.2m to €3.0m
- Cash +€52,374
up €52,374 (+38.3%), from €136,729 to €189,103
mainly Depreciation (+€139,795) and Tax, wage and social debts (+€9,051)
- Reserves -€73,991
down €73,991 (-2.9%), from €2.5m to €2.4m
of which Tax-exempt reserves: -€106,448
- Provisions -€35,483
down €35,483 (-9.6%), from €368,231 to €332,748
- Gross operating margin -€122,835
down €122,835 (-61.4%), from €200,095 to €77,259
- Taxes -€23,591
down €23,591 (-72.3%), from €32,641 to €9,051
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.
Derived cash bridge
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 | €3,334,852 | €3,241,497 | -€93,355 | -2.8% |
| Fixed assets | 21/28 | €3,175,200 | €3,035,405 | -€139,795 | -4.4% |
| Tangible fixed assets | 22/27 | €3,175,200 | €3,035,405 | -€139,795 | -4.4% |
| Land and buildings | 22 | €3,175,200 | €3,035,405 | -€139,795 | -4.4% |
| Current assets | 29/58 | €159,652 | €206,093 | +€46,440 | +29.1% |
| Amounts receivable within one year | 40/41 | €21,439 | €15,779 | -€5,660 | -26.4% |
| Trade receivables | 40 | €10,698 | €4,419 | -€6,279 | -58.7% |
| Other amounts receivable | 41 | €10,741 | €11,360 | +€618 | +5.8% |
| Cash at bank and in hand | 54/58 | €136,729 | €189,103 | +€52,374 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,484 | €1,211 | -€273 | -18.4% |
| Total equity and liabilities | 10/49 | €3,334,852 | €3,241,497 | -€93,355 | -2.8% |
| Equity | 10/15 | €2,925,385 | €2,851,393 | -€73,991 | -2.5% |
| Contributions | 10/11 | €409,024 | €409,024 | = | 0.0% |
| Capital | 10 | €409,024 | €409,024 | = | 0.0% |
| Issued capital | 100 | €409,024 | €409,024 | = | 0.0% |
| Reserves | 13 | €2,516,360 | €2,442,369 | -€73,991 | -2.9% |
| Non-distributable reserves | 130/1 | €40,902 | €40,902 | = | 0.0% |
| Legal reserve | 130 | €40,902 | €40,902 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,104,694 | €998,246 | -€106,448 | -9.6% |
| Distributable reserves | 133 | €1,370,764 | €1,403,221 | +€32,457 | +2.4% |
| Provisions and deferred taxes | 16 | €368,231 | €332,748 | -€35,483 | -9.6% |
| Deferred taxes | 168 | €368,231 | €332,748 | -€35,483 | -9.6% |
| Amounts payable | 17/49 | €41,236 | €57,356 | +€16,119 | +39.1% |
| Amounts payable within one year | 42/48 | €41,236 | €57,356 | +€16,119 | +39.1% |
| Trade debts | 44 | €10,995 | €18,063 | +€7,069 | +64.3% |
| Suppliers | 440/4 | €10,995 | €18,063 | +€7,069 | +64.3% |
| Taxes, remuneration and social security | 45 | €2,641 | €11,692 | +€9,051 | +343% |
| Taxes | 450/3 | €2,641 | €11,692 | +€9,051 | +343% |
| Other amounts payable | 47/48 | €27,600 | €27,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,795 | €139,795 | = | 0.0% |
| Other operating charges | 640/8 | €36,898 | €37,818 | +€920 | +2.5% |
| Gross operating margin | 9900 | €200,095 | €77,259 | -€122,835 | -61.4% |
| Operating profit (loss) | 9901 | €23,402 | -€100,354 | -€123,755 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €893 | €70 | -€824 | -92.2% |
| Recurring financial charges | 65 | €893 | €70 | -€824 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €22,513 | -€100,423 | -€122,936 | |
| Transfer from deferred taxes | 780 | €24,822 | €35,483 | +€10,661 | +42.9% |
| Income taxes | 67/77 | €32,641 | €9,051 | -€23,591 | -72.3% |
| Profit (loss) for the period | 9904 | €14,693 | -€73,991 | -€88,685 | |
| Transfer from tax-exempt reserves | 789 | €74,465 | €106,448 | +€31,983 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,158 | €32,457 | -€56,702 | -63.6% |
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 23 October 2026 via checked.be.