MARIX: 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.
MARIX
Largest movements
- Receivables within one year -€33,674
down €33,674 (-68.4%), from €49,220 to €15,546
of which Other amounts receivable: -€35,302
- Cash +€11,554
up €11,554 (+20.7%), from €55,934 to €67,488
mainly Other debts (+€39,206) and Receivables within one year (+€33,674)
- Tangible fixed assets -€11,402
down €11,402 (-26.1%), from €43,735 to €32,334
of which Furniture and vehicles: -€10,490
- Deferred charges and accrued income +€2,483
up €2,483 (+182.5%), from €1,361 to €3,844
- Reserves -€60,498
down €60,498 (-60.4%), from €100,105 to €39,607
- Other debts +€39,206
new in 2025: €39,206
- Debts after one year -€8,946
down €8,946 (-30.9%), from €28,974 to €20,029
- Tax, wage and social debts -€3,232
down €3,232 (-44.6%), from €7,240 to €4,008
of which Taxes: -€3,246
- Trade debts +€2,024
up €2,024 (+517.6%), from €391 to €2,414
- Gross operating margin -€11,855
down €11,855 (-20.9%), from €56,786 to €44,931
- Other operating charges -€3,717
down €3,717 (-83.4%), from €4,456 to €739
- Taxes -€2,213
down €2,213 (-20.7%), from €10,694 to €8,481
- Depreciation +€847
up €847 (+8.0%), from €10,555 to €11,402
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 | €150,249 | €119,211 | -€31,039 | -20.7% |
| Fixed assets | 21/28 | €43,735 | €32,334 | -€11,402 | -26.1% |
| Tangible fixed assets | 22/27 | €43,735 | €32,334 | -€11,402 | -26.1% |
| Plant, machinery and equipment | 23 | €1,693 | €781 | -€912 | -53.9% |
| Furniture and vehicles | 24 | €42,042 | €31,552 | -€10,490 | -25.0% |
| Current assets | 29/58 | €106,514 | €86,877 | -€19,637 | -18.4% |
| Amounts receivable within one year | 40/41 | €49,220 | €15,546 | -€33,674 | -68.4% |
| Trade receivables | 40 | €10,400 | €12,027 | +€1,628 | +15.6% |
| Other amounts receivable | 41 | €38,820 | €3,519 | -€35,302 | -90.9% |
| Cash at bank and in hand | 54/58 | €55,934 | €67,488 | +€11,554 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,361 | €3,844 | +€2,483 | +182.5% |
| Total equity and liabilities | 10/49 | €150,249 | €119,211 | -€31,039 | -20.7% |
| Equity | 10/15 | €105,105 | €44,607 | -€60,498 | -57.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,105 | €39,607 | -€60,498 | -60.4% |
| Distributable reserves | 133 | €100,105 | €39,607 | -€60,498 | -60.4% |
| Amounts payable | 17/49 | €45,145 | €74,603 | +€29,459 | +65.3% |
| Amounts payable after more than one year | 17 | €28,974 | €20,029 | -€8,946 | -30.9% |
| Financial debts | 170/4 | €28,974 | €20,029 | -€8,946 | -30.9% |
| Amounts payable within one year | 42/48 | €16,170 | €54,574 | +€38,404 | +237.5% |
| Current portion of amounts payable after more than one year | 42 | €8,539 | €8,946 | +€407 | +4.8% |
| Trade debts | 44 | €391 | €2,414 | +€2,024 | +517.6% |
| Suppliers | 440/4 | €391 | €2,414 | +€2,024 | +517.6% |
| Taxes, remuneration and social security | 45 | €7,240 | €4,008 | -€3,232 | -44.6% |
| Taxes | 450/3 | €5,405 | €2,159 | -€3,246 | -60.1% |
| Remuneration and social security | 454/9 | €1,835 | €1,849 | +€14 | +0.8% |
| Other amounts payable | 47/48 | - | €39,206 | +€39,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,555 | €11,402 | +€847 | +8.0% |
| Other operating charges | 640/8 | €4,456 | €739 | -€3,717 | -83.4% |
| Gross operating margin | 9900 | €56,786 | €44,931 | -€11,855 | -20.9% |
| Operating profit (loss) | 9901 | €41,776 | €32,791 | -€8,985 | -21.5% |
| Financial income | 75/76B | €2,445 | €2,156 | -€289 | -11.8% |
| Recurring financial income | 75 | €2,445 | €2,156 | -€289 | -11.8% |
| Financial charges | 65/66B | €1,791 | €1,669 | -€121 | -6.8% |
| Recurring financial charges | 65 | €1,791 | €1,669 | -€121 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €42,430 | €33,278 | -€9,152 | -21.6% |
| Income taxes | 67/77 | €10,694 | €8,481 | -€2,213 | -20.7% |
| Profit (loss) for the period | 9904 | €31,736 | €24,797 | -€6,939 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,736 | €24,797 | -€6,939 | -21.9% |
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.