MARJODENT: 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.
MARJODENT
Largest movements
- Tangible fixed assets +€68,453
up €68,453 (+7502.5%), from €912 to €69,366
of which Furniture and vehicles: +€66,578
- Receivables within one year -€26,120
down €26,120 (-59.8%), from €43,682 to €17,561
- Intangible fixed assets -€16,500
down €16,500 (-25.0%), from €66,000 to €49,500
- Cash -€12,368
down €12,368 (-24.7%), from €50,015 to €37,646
mainly Investment in fixed assets (net) (-€79,303) and Other debts (-€45,478)
- Other debts -€45,478
no longer reported in 2025 (was €45,478)
- Debts after one year +€35,120
up €35,120 (+52.0%), from €67,543 to €102,663
- Profit (loss) carried forward +€16,510
new in 2025: €16,510
- Current portion of long-term debt +€14,164
up €14,164 (+69.2%), from €20,470 to €34,634
- Trade debts -€5,114
down €5,114 (-70.0%), from €7,310 to €2,196
- Depreciation +€10,617
up €10,617 (+63.5%), from €16,733 to €27,350
- Taxes -€4,967
down €4,967 (-28.9%), from €17,193 to €12,226
- Gross operating margin +€4,336
up €4,336 (+5.5%), from €79,094 to €83,430
- Financial charges +€1,022
up €1,022 (+65.7%), from €1,555 to €2,577
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 | €174,426 | €189,179 | +€14,753 | +8.5% |
| Fixed assets | 21/28 | €67,032 | €118,986 | +€51,953 | +77.5% |
| Intangible fixed assets | 21 | €66,000 | €49,500 | -€16,500 | -25.0% |
| Tangible fixed assets | 22/27 | €912 | €69,366 | +€68,453 | +7502.5% |
| Land and buildings | 22 | - | €1,875 | +€1,875 | |
| Furniture and vehicles | 24 | €912 | €67,490 | +€66,578 | +7297.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €107,393 | €70,193 | -€37,200 | -34.6% |
| Amounts receivable within one year | 40/41 | €43,682 | €17,561 | -€26,120 | -59.8% |
| Other amounts receivable | 41 | €43,682 | €17,561 | -€26,120 | -59.8% |
| Cash at bank and in hand | 54/58 | €50,015 | €37,646 | -€12,368 | -24.7% |
| Deferred charges and accrued income | 490/1 | €13,697 | €14,985 | +€1,289 | +9.4% |
| Total equity and liabilities | 10/49 | €174,426 | €189,179 | +€14,753 | +8.5% |
| Equity | 10/15 | €18,600 | €35,110 | +€16,510 | +88.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €16,510 | +€16,510 | |
| Amounts payable | 17/49 | €155,826 | €154,068 | -€1,757 | -1.1% |
| Amounts payable after more than one year | 17 | €67,543 | €102,663 | +€35,120 | +52.0% |
| Financial debts | 170/4 | €67,543 | €102,663 | +€35,120 | +52.0% |
| Amounts payable within one year | 42/48 | €88,283 | €51,406 | -€36,877 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €20,470 | €34,634 | +€14,164 | +69.2% |
| Trade debts | 44 | €7,310 | €2,196 | -€5,114 | -70.0% |
| Suppliers | 440/4 | €7,310 | €2,196 | -€5,114 | -70.0% |
| Taxes, remuneration and social security | 45 | €15,026 | €14,576 | -€450 | -3.0% |
| Taxes | 450/3 | €15,026 | €14,576 | -€450 | -3.0% |
| Other amounts payable | 47/48 | €45,478 | - | -€45,478 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,733 | €27,350 | +€10,617 | +63.5% |
| Other operating charges | 640/8 | €494 | - | -€494 | |
| Gross operating margin | 9900 | €79,094 | €83,430 | +€4,336 | +5.5% |
| Operating profit (loss) | 9901 | €61,867 | €56,080 | -€5,787 | -9.4% |
| Financial income | 75/76B | €2,359 | €2,093 | -€266 | -11.3% |
| Recurring financial income | 75 | €2,359 | €2,093 | -€266 | -11.3% |
| Financial charges | 65/66B | €1,555 | €2,577 | +€1,022 | +65.7% |
| Recurring financial charges | 65 | €1,555 | €2,577 | +€1,022 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | €62,671 | €55,596 | -€7,075 | -11.3% |
| Income taxes | 67/77 | €17,193 | €12,226 | -€4,967 | -28.9% |
| Profit (loss) for the period | 9904 | €45,478 | €43,370 | -€2,108 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,478 | €43,370 | -€2,108 | -4.6% |
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 8 October 2026 via checked.be.