Marius: 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.
Marius
Largest movements
- Cash -€23,835
down €23,835 (-52.9%), from €45,078 to €21,243
mainly Other debts (-€41,032) and Investment in fixed assets (net) (-€28,723)
- Current investments -€17,108
down €17,108 (-50.6%), from €33,801 to €16,693
- Tangible fixed assets +€14,793
up €14,793 (+14.7%), from €100,472 to €115,265
of which Land and buildings: +€19,356
- Receivables within one year -€2,122
down €2,122 (-54.6%), from €3,889 to €1,767
- Other debts -€41,032
no longer reported in 2025 (was €41,032)
- Reserves +€24,210
up €24,210 (+1443.6%), from €1,677 to €25,887
- Debts after one year -€7,689
down €7,689 (-7.9%), from €97,782 to €90,093
- Trade debts -€2,219
down €2,219 (-52.2%), from €4,249 to €2,030
- Gross operating margin -€16,931
down €16,931 (-34.8%), from €48,706 to €31,775
- Taxes -€5,982
down €5,982 (-42.6%), from €14,052 to €8,070
- Financial income -€5,850
down €5,850 (-23.7%), from €24,643 to €18,793
- Depreciation +€1,785
up €1,785 (+15.8%), from €11,311 to €13,096
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 | €183,558 | €156,131 | -€27,427 | -14.9% |
| Fixed assets | 21/28 | €100,472 | €116,099 | +€15,627 | +15.6% |
| Tangible fixed assets | 22/27 | €100,472 | €115,265 | +€14,793 | +14.7% |
| Land and buildings | 22 | €92,174 | €111,530 | +€19,356 | +21.0% |
| Plant, machinery and equipment | 23 | €8,298 | €3,735 | -€4,563 | -55.0% |
| Financial fixed assets | 28 | - | €834 | +€834 | |
| Current assets | 29/58 | €83,086 | €40,032 | -€43,054 | -51.8% |
| Amounts receivable within one year | 40/41 | €3,889 | €1,767 | -€2,122 | -54.6% |
| Other amounts receivable | 41 | €3,889 | €1,767 | -€2,122 | -54.6% |
| Current investments | 50/53 | €33,801 | €16,693 | -€17,108 | -50.6% |
| Cash at bank and in hand | 54/58 | €45,078 | €21,243 | -€23,835 | -52.9% |
| Deferred charges and accrued income | 490/1 | €318 | €329 | +€11 | +3.5% |
| Total equity and liabilities | 10/49 | €183,558 | €156,131 | -€27,427 | -14.9% |
| Equity | 10/15 | €31,677 | €55,887 | +€24,210 | +76.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,677 | €25,887 | +€24,210 | +1443.6% |
| Distributable reserves | 133 | €1,677 | €25,887 | +€24,210 | +1443.6% |
| Amounts payable | 17/49 | €151,881 | €100,244 | -€51,637 | -34.0% |
| Amounts payable after more than one year | 17 | €97,782 | €90,093 | -€7,689 | -7.9% |
| Financial debts | 170/4 | €97,782 | €90,093 | -€7,689 | -7.9% |
| Amounts payable within one year | 42/48 | €54,099 | €10,151 | -€43,948 | -81.2% |
| Current portion of amounts payable after more than one year | 42 | €8,293 | €7,689 | -€604 | -7.3% |
| Trade debts | 44 | €4,249 | €2,030 | -€2,219 | -52.2% |
| Suppliers | 440/4 | €4,249 | €2,030 | -€2,219 | -52.2% |
| Taxes, remuneration and social security | 45 | €525 | €432 | -€93 | -17.7% |
| Taxes | 450/3 | €525 | €432 | -€93 | -17.7% |
| Other amounts payable | 47/48 | €41,032 | - | -€41,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,311 | €13,096 | +€1,785 | +15.8% |
| Other operating charges | 640/8 | €2,019 | €1,701 | -€318 | -15.8% |
| Gross operating margin | 9900 | €48,706 | €31,775 | -€16,931 | -34.8% |
| Operating profit (loss) | 9901 | €35,376 | €16,978 | -€18,398 | -52.0% |
| Financial income | 75/76B | €24,643 | €18,793 | -€5,850 | -23.7% |
| Recurring financial income | 75 | €24,643 | €18,793 | -€5,850 | -23.7% |
| Financial charges | 65/66B | €3,665 | €3,492 | -€173 | -4.7% |
| Recurring financial charges | 65 | €3,665 | €3,492 | -€173 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €56,354 | €32,279 | -€24,075 | -42.7% |
| Income taxes | 67/77 | €14,052 | €8,070 | -€5,982 | -42.6% |
| Profit (loss) for the period | 9904 | €42,302 | €24,209 | -€18,093 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,302 | €24,209 | -€18,093 | -42.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.