Marits Consult: 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.
What changed
Marits Consult
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€103,756
2024 · €77,385+€26,372
Equity
€261,210
2024 · €507,454-€246,244
Cash
€71,347
2024 · €69,181+€2,166
Balance sheet total
€2.3m
2024 · €2.3m-€58,394
Largest movements
Assets
- Tangible fixed assets -€41,275
down €41,275 (-7.1%), from €582,530 to €541,255
of which Land and buildings: -€25,573
- Receivables within one year -€35,448
down €35,448 (-53.2%), from €66,666 to €31,218
of which Other amounts receivable: -€32,291
Equity and liabilities
- Other debts +€297,631
new in 2025: €297,631
- Reserves -€246,244
down €246,244 (-49.0%), from €502,454 to €256,210
- Debts after one year -€112,172
down €112,172 (-6.7%), from €1.7m to €1.6m
Income statement
- Gross operating margin +€45,895
up €45,895 (+25.4%), from €180,766 to €226,662
- Taxes +€11,458
up €11,458 (+41.8%), from €27,379 to €38,836
- Financial income -€4,408
down €4,408 (-94.7%), from €4,656 to €248
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.
Result 2024
€77,385
Gross operating margin
+€45,895
Depreciation
-€1,863
Other operating charges
+€353
Financial income
-€4,408
Financial charges
-€2,149
Taxes
-€11,458
Result 2025
€103,756
raises the resultlowers the result
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.
From operations
+€482,302
Investment
-€12,826
Financing
-€467,310
Cash 2024
€69,181
From operations (derived)
+€482,302
Net result for the year
+€103,756
Depreciation
+€42,101
Receivables within one year
+€35,448
Deferred charges and accrued income
-€4,163
Trade debts
+€805
Tax, wage and social debts
+€11,542
Other debts
+€297,631
Accrued charges and deferred income
-€4,818
Investment (derived)
-€12,826
Investment in fixed assets (net)
-€826
Current investments
-€12,000
Financing
-€467,310
Debts after one year
-€112,172
Current portion of long-term debt
-€5,138
Contributions, distributions and other
-€350,000
Cash 2025
€71,347
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,323,083 | €2,264,689 | -€58,394 | -2.5% |
| Fixed assets | 21/28 | €2,182,530 | €2,141,255 | -€41,275 | -1.9% |
| Tangible fixed assets | 22/27 | €582,530 | €541,255 | -€41,275 | -7.1% |
| Land and buildings | 22 | €533,129 | €507,556 | -€25,573 | -4.8% |
| Plant, machinery and equipment | 23 | €15,281 | €11,436 | -€3,845 | -25.2% |
| Furniture and vehicles | 24 | €34,120 | €22,263 | -€11,857 | -34.8% |
| Financial fixed assets | 28 | €1,600,000 | €1,600,000 | = | 0.0% |
| Current assets | 29/58 | €140,553 | €123,434 | -€17,119 | -12.2% |
| Amounts receivable within one year | 40/41 | €66,666 | €31,218 | -€35,448 | -53.2% |
| Trade receivables | 40 | €34,375 | €31,218 | -€3,157 | -9.2% |
| Other amounts receivable | 41 | €32,291 | €0 | -€32,291 | -100% |
| Current investments | 50/53 | €0 | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €69,181 | €71,347 | +€2,166 | +3.1% |
| Deferred charges and accrued income | 490/1 | €4,706 | €8,869 | +€4,163 | +88.5% |
| Total equity and liabilities | 10/49 | €2,323,083 | €2,264,689 | -€58,394 | -2.5% |
| Equity | 10/15 | €507,454 | €261,210 | -€246,244 | -48.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €502,454 | €256,210 | -€246,244 | -49.0% |
| Distributable reserves | 133 | €502,454 | €256,210 | -€246,244 | -49.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,815,630 | €2,003,479 | +€187,850 | +10.3% |
| Amounts payable after more than one year | 17 | €1,671,415 | €1,559,243 | -€112,172 | -6.7% |
| Financial debts | 170/4 | €1,671,415 | €1,559,243 | -€112,172 | -6.7% |
| Amounts payable within one year | 42/48 | €136,836 | €441,676 | +€304,840 | +223% |
| Current portion of amounts payable after more than one year | 42 | €117,310 | €112,172 | -€5,138 | -4.4% |
| Trade debts | 44 | €119 | €924 | +€805 | +677% |
| Suppliers | 440/4 | €119 | €924 | +€805 | +677% |
| Taxes, remuneration and social security | 45 | €19,408 | €30,950 | +€11,542 | +59.5% |
| Taxes | 450/3 | €19,408 | €30,950 | +€11,542 | +59.5% |
| Other amounts payable | 47/48 | - | €297,631 | +€297,631 | |
| Accrued charges and deferred income | 492/3 | €7,378 | €2,560 | -€4,818 | -65.3% |
| Non-recurring operating income | 76A | €10,732 | €0 | -€10,732 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,238 | €42,101 | +€1,863 | +4.6% |
| Other operating charges | 640/8 | €6,448 | €6,095 | -€353 | -5.5% |
| Gross operating margin | 9900 | €180,766 | €226,662 | +€45,895 | +25.4% |
| Operating profit (loss) | 9901 | €134,081 | €178,466 | +€44,386 | +33.1% |
| Financial income | 75/76B | €4,656 | €248 | -€4,408 | -94.7% |
| Recurring financial income | 75 | €4,656 | €248 | -€4,408 | -94.7% |
| Financial charges | 65/66B | €33,973 | €36,122 | +€2,149 | +6.3% |
| Recurring financial charges | 65 | €33,973 | €36,122 | +€2,149 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €104,764 | €142,593 | +€37,829 | +36.1% |
| Income taxes | 67/77 | €27,379 | €38,836 | +€11,458 | +41.8% |
| Profit (loss) for the period | 9904 | €77,385 | €103,756 | +€26,372 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,385 | €103,756 | +€26,372 | +34.1% |
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 26 October 2026 via checked.be.