MARJOGUY: 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.
MARJOGUY
Largest movements
- Tangible fixed assets -€6,789
down €6,789 (-8.1%), from €84,251 to €77,462
of which Land and buildings: -€5,786
- Cash +€2,141
up €2,141 (+14.8%), from €14,472 to €16,614
mainly Net result for the year (+€7,429) and Depreciation (+€6,789)
- Other debts -€12,501
down €12,501 (-15.5%), from €80,448 to €67,947
- Profit (loss) carried forward +€7,429
up €7,429 (+4.1%), from -€182,824 to -€175,395
- Depreciation -€1,152
down €1,152 (-14.5%), from €7,941 to €6,789
- Gross operating margin +€574
up €574 (+3.6%), from €15,776 to €16,350
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 | €98,724 | €94,075 | -€4,648 | -4.7% |
| Fixed assets | 21/28 | €84,251 | €77,462 | -€6,789 | -8.1% |
| Tangible fixed assets | 22/27 | €84,251 | €77,462 | -€6,789 | -8.1% |
| Land and buildings | 22 | €79,747 | €73,961 | -€5,786 | -7.3% |
| Plant, machinery and equipment | 23 | €4,504 | €3,501 | -€1,004 | -22.3% |
| Current assets | 29/58 | €14,472 | €16,614 | +€2,141 | +14.8% |
| Cash at bank and in hand | 54/58 | €14,472 | €16,614 | +€2,141 | +14.8% |
| Total equity and liabilities | 10/49 | €98,724 | €94,075 | -€4,648 | -4.7% |
| Equity | 10/15 | -€132,824 | -€125,395 | +€7,429 | +5.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,824 | -€175,395 | +€7,429 | +4.1% |
| Amounts payable | 17/49 | €231,548 | €219,470 | -€12,078 | -5.2% |
| Amounts payable after more than one year | 17 | €151,100 | €151,100 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,448 | €68,370 | -€12,078 | -15.0% |
| Trade debts | 44 | - | €424 | +€424 | |
| Suppliers | 440/4 | - | €424 | +€424 | |
| Other amounts payable | 47/48 | €80,448 | €67,947 | -€12,501 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,941 | €6,789 | -€1,152 | -14.5% |
| Other operating charges | 640/8 | €1,756 | €1,809 | +€54 | +3.1% |
| Gross operating margin | 9900 | €15,776 | €16,350 | +€574 | +3.6% |
| Operating profit (loss) | 9901 | €6,079 | €7,752 | +€1,673 | +27.5% |
| Financial charges | 65/66B | €182 | €322 | +€140 | +77.1% |
| Recurring financial charges | 65 | €182 | €322 | +€140 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €5,897 | €7,429 | +€1,533 | +26.0% |
| Profit (loss) for the period | 9904 | €5,897 | €7,429 | +€1,533 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,897 | €7,429 | +€1,533 | +26.0% |
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 18 October 2026 via checked.be.