MARIVOET Danny: 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.
MARIVOET Danny
Largest movements
- Receivables within one year -€15,699
down €15,699 (-48.6%), from €32,295 to €16,596
of which Trade receivables: -€14,515
- Cash +€6,093
up €6,093 (+41.9%), from €14,528 to €20,622
mainly Depreciation (+€36,291) and Receivables within one year (+€15,699)
- Tangible fixed assets -€3,166
down €3,166 (-3.7%), from €85,676 to €82,509
of which Plant, machinery and equipment: -€5,683
- Other debts +€14,747
up €14,747 (+28.1%), from €52,395 to €67,142
- Debts after one year -€13,872
down €13,872 (-67.8%), from €20,446 to €6,574
- Current portion of long-term debt -€9,071
down €9,071 (-43.1%), from €21,041 to €11,970
- Trade debts -€4,282
down €4,282 (-25.9%), from €16,518 to €12,236
- Tax, wage and social debts +€2,070
up €2,070 (+65.0%), from €3,184 to €5,254
of which Taxes: +€2,070
- Financial income +€19,276
up €19,276 (+134,049%), from €14 to €19,291
of which Non-recurring financial income: +€19,250
- Gross operating margin +€14,664
up €14,664 (+23.3%), from €63,014 to €77,679
- Staff costs +€7,277
up €7,277 (+15.6%), from €46,690 to €53,967
- Financial charges -€2,799
down €2,799 (-51.0%), from €5,486 to €2,687
- Depreciation +€2,634
up €2,634 (+7.8%), from €33,657 to €36,291
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 | €134,296 | €122,846 | -€11,451 | -8.5% |
| Fixed assets | 21/28 | €85,676 | €82,509 | -€3,166 | -3.7% |
| Tangible fixed assets | 22/27 | €85,676 | €82,509 | -€3,166 | -3.7% |
| Land and buildings | 22 | €29,400 | €24,500 | -€4,900 | -16.7% |
| Plant, machinery and equipment | 23 | €10,535 | €4,851 | -€5,683 | -53.9% |
| Furniture and vehicles | 24 | €45,741 | €53,158 | +€7,417 | +16.2% |
| Current assets | 29/58 | €48,620 | €40,336 | -€8,284 | -17.0% |
| Amounts receivable within one year | 40/41 | €32,295 | €16,596 | -€15,699 | -48.6% |
| Trade receivables | 40 | €25,697 | €11,182 | -€14,515 | -56.5% |
| Other amounts receivable | 41 | €6,599 | €5,414 | -€1,184 | -17.9% |
| Cash at bank and in hand | 54/58 | €14,528 | €20,622 | +€6,093 | +41.9% |
| Deferred charges and accrued income | 490/1 | €1,797 | €3,119 | +€1,322 | +73.6% |
| Total equity and liabilities | 10/49 | €134,296 | €122,846 | -€11,451 | -8.5% |
| Equity | 10/15 | €20,713 | €19,670 | -€1,043 | -5.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313 | -€730 | -€1,043 | |
| Amounts payable | 17/49 | €113,584 | €103,176 | -€10,408 | -9.2% |
| Amounts payable after more than one year | 17 | €20,446 | €6,574 | -€13,872 | -67.8% |
| Financial debts | 170/4 | €20,446 | €6,574 | -€13,872 | -67.8% |
| Amounts payable within one year | 42/48 | €93,138 | €96,602 | +€3,464 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €21,041 | €11,970 | -€9,071 | -43.1% |
| Trade debts | 44 | €16,518 | €12,236 | -€4,282 | -25.9% |
| Suppliers | 440/4 | €16,518 | €12,236 | -€4,282 | -25.9% |
| Taxes, remuneration and social security | 45 | €3,184 | €5,254 | +€2,070 | +65.0% |
| Taxes | 450/3 | €3,184 | €5,254 | +€2,070 | +65.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,395 | €67,142 | +€14,747 | +28.1% |
| Remuneration, social security and pensions | 62 | €46,690 | €53,967 | +€7,277 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,657 | €36,291 | +€2,634 | +7.8% |
| Other operating charges | 640/8 | €1,926 | €1,925 | -€1 | -0.1% |
| Gross operating margin | 9900 | €63,014 | €77,679 | +€14,664 | +23.3% |
| Operating profit (loss) | 9901 | -€19,259 | -€14,505 | +€4,755 | +24.7% |
| Financial income | 75/76B | €14 | €19,291 | +€19,276 | +134,049% |
| Recurring financial income | 75 | €14 | €41 | +€26 | +183% |
| Non-recurring financial income | 76B | - | €19,250 | +€19,250 | |
| Financial charges | 65/66B | €5,486 | €2,687 | -€2,799 | -51.0% |
| Recurring financial charges | 65 | €5,486 | €2,687 | -€2,799 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,731 | €2,099 | +€26,831 | |
| Income taxes | 67/77 | €205 | €188 | -€17 | -8.5% |
| Profit (loss) for the period | 9904 | -€24,936 | €1,912 | +€26,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,936 | €1,912 | +€26,848 |
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 16 October 2026 via checked.be.