MARJO: 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.
MARJO
Largest movements
- Receivables after one year +€10,000
new in 2025: €10,000
- Tangible fixed assets -€6,444
down €6,444 (-4.3%), from €150,011 to €143,567
- Deferred charges and accrued income -€3,561
down €3,561 (-100.0%), from €3,561 to €0
- Debts after one year -€10,204
down €10,204 (-15.4%), from €66,380 to €56,176
- Reserves +€8,965
up €8,965 (+13.0%), from €68,907 to €77,873
- Tax, wage and social debts +€2,610
up €2,610 (+131.8%), from €1,980 to €4,591
- Gross operating margin +€7,472
up €7,472 (+48.5%), from €15,402 to €22,874
- Taxes +€2,610
up €2,610 (+131.8%), from €1,980 to €4,591
- Financial charges -€397
down €397 (-20.6%), from €1,923 to €1,526
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 | €214,862 | €214,822 | -€39 | 0.0% |
| Fixed assets | 21/28 | €150,011 | €143,567 | -€6,444 | -4.3% |
| Tangible fixed assets | 22/27 | €150,011 | €143,567 | -€6,444 | -4.3% |
| Land and buildings | 22 | €150,011 | €143,567 | -€6,444 | -4.3% |
| Current assets | 29/58 | €64,851 | €71,255 | +€6,404 | +9.9% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €54,689 | €54,689 | = | 0.0% |
| Other amounts receivable | 41 | €54,689 | €54,689 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,602 | €6,566 | -€35 | -0.5% |
| Deferred charges and accrued income | 490/1 | €3,561 | €0 | -€3,561 | -100.0% |
| Total equity and liabilities | 10/49 | €214,862 | €214,822 | -€39 | 0.0% |
| Equity | 10/15 | €130,907 | €139,873 | +€8,965 | +6.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €68,907 | €77,873 | +€8,965 | +13.0% |
| Distributable reserves | 133 | €68,907 | €77,873 | +€8,965 | +13.0% |
| Amounts payable | 17/49 | €83,955 | €74,950 | -€9,005 | -10.7% |
| Amounts payable after more than one year | 17 | €66,380 | €56,176 | -€10,204 | -15.4% |
| Financial debts | 170/4 | €66,380 | €56,176 | -€10,204 | -15.4% |
| Amounts payable within one year | 42/48 | €17,574 | €18,773 | +€1,199 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €9,763 | €10,204 | +€441 | +4.5% |
| Trade debts | 44 | €2,360 | €508 | -€1,852 | -78.5% |
| Suppliers | 440/4 | €2,360 | €508 | -€1,852 | -78.5% |
| Taxes, remuneration and social security | 45 | €1,980 | €4,591 | +€2,610 | +131.8% |
| Taxes | 450/3 | €1,980 | €4,591 | +€2,610 | +131.8% |
| Other amounts payable | 47/48 | €3,471 | €3,471 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,379 | €6,444 | +€64 | +1.0% |
| Other operating charges | 640/8 | €1,162 | €1,349 | +€186 | +16.0% |
| Gross operating margin | 9900 | €15,402 | €22,874 | +€7,472 | +48.5% |
| Operating profit (loss) | 9901 | €7,861 | €15,082 | +€7,221 | +91.9% |
| Financial charges | 65/66B | €1,923 | €1,526 | -€397 | -20.6% |
| Recurring financial charges | 65 | €1,923 | €1,526 | -€397 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €5,938 | €13,556 | +€7,618 | +128.3% |
| Income taxes | 67/77 | €1,980 | €4,591 | +€2,610 | +131.8% |
| Profit (loss) for the period | 9904 | €3,957 | €8,965 | +€5,008 | +126.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,957 | €8,965 | +€5,008 | +126.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.