Marisort: 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.
Marisort
Largest movements
- Receivables within one year +€253,150
up €253,150 (+632.6%), from €40,017 to €293,167
of which Trade receivables: +€249,479
- Cash -€242,906
down €242,906 (-32.4%), from €748,586 to €505,680
mainly Receivables within one year (-€253,150) and Current investments (-€100,436)
- Current investments +€100,436
new in 2025: €100,436
- Tangible fixed assets +€46,436
up €46,436 (+19.0%), from €243,902 to €290,337
of which Plant, machinery and equipment: +€37,657
- Trade debts +€110,224
up €110,224 (+314.6%), from €35,035 to €145,258
- Reserves +€51,311
up €51,311 (+45.2%), from €113,444 to €164,754
- Staff costs -€150,786
down €150,786 (-39.0%), from €386,261 to €235,475
- Gross operating margin -€136,169
down €136,169 (-27.5%), from €494,690 to €358,521
- Depreciation +€26,365
up €26,365 (+136.4%), from €19,325 to €45,690
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 | €1,061,174 | €1,224,044 | +€162,870 | +15.3% |
| Fixed assets | 21/28 | €243,902 | €290,337 | +€46,436 | +19.0% |
| Tangible fixed assets | 22/27 | €243,902 | €290,337 | +€46,436 | +19.0% |
| Land and buildings | 22 | €7,959 | €7,163 | -€796 | -10.0% |
| Plant, machinery and equipment | 23 | €109,209 | €146,866 | +€37,657 | +34.5% |
| Furniture and vehicles | 24 | €126,734 | €136,309 | +€9,575 | +7.6% |
| Current assets | 29/58 | €817,273 | €933,707 | +€116,434 | +14.2% |
| Amounts receivable within one year | 40/41 | €40,017 | €293,167 | +€253,150 | +632.6% |
| Trade receivables | 40 | €23,989 | €273,467 | +€249,479 | +1040.0% |
| Other amounts receivable | 41 | €16,028 | €19,700 | +€3,672 | +22.9% |
| Current investments | 50/53 | - | €100,436 | +€100,436 | |
| Cash at bank and in hand | 54/58 | €748,586 | €505,680 | -€242,906 | -32.4% |
| Deferred charges and accrued income | 490/1 | €28,670 | €34,423 | +€5,753 | +20.1% |
| Total equity and liabilities | 10/49 | €1,061,174 | €1,224,044 | +€162,870 | +15.3% |
| Equity | 10/15 | €132,044 | €183,354 | +€51,311 | +38.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,444 | €164,754 | +€51,311 | +45.2% |
| Distributable reserves | 133 | €113,444 | €164,754 | +€51,311 | +45.2% |
| Amounts payable | 17/49 | €929,131 | €1,040,690 | +€111,559 | +12.0% |
| Amounts payable after more than one year | 17 | €853,266 | €865,000 | +€11,734 | +1.4% |
| Financial debts | 170/4 | €853,266 | €865,000 | +€11,734 | +1.4% |
| Amounts payable within one year | 42/48 | €75,855 | €175,690 | +€99,834 | +131.6% |
| Trade debts | 44 | €35,035 | €145,258 | +€110,224 | +314.6% |
| Suppliers | 440/4 | €35,035 | €145,258 | +€110,224 | +314.6% |
| Taxes, remuneration and social security | 45 | €9,950 | €8,295 | -€1,656 | -16.6% |
| Taxes | 450/3 | - | €677 | +€677 | |
| Remuneration and social security | 454/9 | €9,950 | €7,617 | -€2,333 | -23.4% |
| Other amounts payable | 47/48 | €30,871 | €22,137 | -€8,734 | -28.3% |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | €386,261 | €235,475 | -€150,786 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,325 | €45,690 | +€26,365 | +136.4% |
| Other operating charges | 640/8 | €3,887 | €3,527 | -€360 | -9.3% |
| Non-recurring operating charges | 66A | €13,674 | - | -€13,674 | |
| Gross operating margin | 9900 | €494,690 | €358,521 | -€136,169 | -27.5% |
| Operating profit (loss) | 9901 | €71,543 | €73,828 | +€2,285 | +3.2% |
| Financial income | 75/76B | €2,679 | €562 | -€2,116 | -79.0% |
| Recurring financial income | 75 | €2,679 | €562 | -€2,116 | -79.0% |
| Financial charges | 65/66B | €312 | €114 | -€199 | -63.6% |
| Recurring financial charges | 65 | €312 | €114 | -€199 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €73,909 | €74,277 | +€367 | +0.5% |
| Income taxes | 67/77 | €22,256 | €22,966 | +€710 | +3.2% |
| Profit (loss) for the period | 9904 | €51,654 | €51,311 | -€343 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,654 | €51,311 | -€343 | -0.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.