MARJANIE: 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.
MARJANIE
Largest movements
- Deferred charges and accrued income +€2,311
up €2,311 (+45,856%), from €5 to €2,316
- Receivables within one year +€677
up €677 (+154%), from €439 to €1,117
of which Trade receivables: +€350
- Cash +€125
up €125 (+226%), from €55 to €180
mainly Other debts (+€4,872) and Trade debts (+€854)
- Other debts +€4,872
up €4,872 (+168%), from €2,901 to €7,774
- Profit (loss) carried forward -€1,401
down €1,401 (-1.8%), from -€77,313 to -€78,714
- Short-term financial debts -€896
down €896 (-23.3%), from €3,852 to €2,956
- Trade debts +€854
up €854 (+31.3%), from €2,729 to €3,583
- Tax, wage and social debts -€316
down €316 (-19.0%), from €1,661 to €1,345
of which Remuneration and social security: -€1,046
- Gross operating margin +€3,259
up €3,259 (+73.8%), from €4,416 to €7,675
- Staff costs -€2,843
down €2,843 (-29.8%), from €9,525 to €6,682
- Other operating charges -€2,018
down €2,018 (-63.5%), from €3,180 to €1,161
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 | €1,048 | €4,161 | +€3,113 | +297% |
| Fixed assets | 21/28 | €548 | €548 | = | 0.0% |
| Financial fixed assets | 28 | €548 | €548 | = | 0.0% |
| Current assets | 29/58 | €500 | €3,613 | +€3,113 | +623% |
| Amounts receivable within one year | 40/41 | €439 | €1,117 | +€677 | +154% |
| Trade receivables | 40 | - | €350 | +€350 | |
| Other amounts receivable | 41 | €439 | €767 | +€327 | +74.5% |
| Cash at bank and in hand | 54/58 | €55 | €180 | +€125 | +226% |
| Deferred charges and accrued income | 490/1 | €5 | €2,316 | +€2,311 | +45,856% |
| Total equity and liabilities | 10/49 | €1,048 | €4,161 | +€3,113 | +297% |
| Equity | 10/15 | -€10,095 | -€11,496 | -€1,401 | -13.9% |
| Contributions | 10/11 | €22,747 | €22,747 | = | 0.0% |
| Reserves | 13 | €44,471 | €44,471 | = | 0.0% |
| Distributable reserves | 133 | €44,471 | €44,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,313 | -€78,714 | -€1,401 | -1.8% |
| Amounts payable | 17/49 | €11,143 | €15,657 | +€4,514 | +40.5% |
| Amounts payable within one year | 42/48 | €11,143 | €15,657 | +€4,514 | +40.5% |
| Financial debts | 43 | €3,852 | €2,956 | -€896 | -23.3% |
| Credit institutions | 430/8 | €3,852 | €2,956 | -€896 | -23.3% |
| Trade debts | 44 | €2,729 | €3,583 | +€854 | +31.3% |
| Suppliers | 440/4 | €2,729 | €3,583 | +€854 | +31.3% |
| Taxes, remuneration and social security | 45 | €1,661 | €1,345 | -€316 | -19.0% |
| Taxes | 450/3 | €491 | €1,221 | +€730 | +149% |
| Remuneration and social security | 454/9 | €1,169 | €123 | -€1,046 | -89.4% |
| Other amounts payable | 47/48 | €2,901 | €7,774 | +€4,872 | +168% |
| Remuneration, social security and pensions | 62 | €9,525 | €6,682 | -€2,843 | -29.8% |
| Other operating charges | 640/8 | €3,180 | €1,161 | -€2,018 | -63.5% |
| Gross operating margin | 9900 | €4,416 | €7,675 | +€3,259 | +73.8% |
| Operating profit (loss) | 9901 | -€8,289 | -€169 | +€8,120 | +98.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.6% |
| Financial charges | 65/66B | €1,198 | €1,232 | +€34 | +2.9% |
| Recurring financial charges | 65 | €1,198 | €1,232 | +€34 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,482 | -€1,401 | +€8,081 | +85.2% |
| Profit (loss) for the period | 9904 | -€9,482 | -€1,401 | +€8,081 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,482 | -€1,401 | +€8,081 | +85.2% |
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 13 October 2026 via checked.be.