Marjolein: 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.
Marjolein
Largest movements
- Stocks and contracts +€30,904
up €30,904 (+17.5%), from €176,915 to €207,819
- Cash +€26,285
up €26,285 (+253.0%), from €10,388 to €36,673
mainly Net result for the year (+€62,081) and Depreciation (+€7,614)
- Receivables within one year +€5,084
up €5,084 (+179.9%), from €2,825 to €7,909
of which Trade receivables: +€6,544
- Reserves +€62,081
up €62,081 (+47.1%), from €131,862 to €193,943
- Current portion of long-term debt -€8,225
down €8,225 (-48.3%), from €17,028 to €8,803
- Other debts +€4,990
up €4,990 (+9.1%), from €54,611 to €59,601
- Gross operating margin +€81,718
up €81,718 (+151.4%), from €53,958 to €135,677
- Taxes +€26,460
up €26,460 (+897.1%), from €2,950 to €29,410
- Staff costs +€1,683
up €1,683 (+4.7%), from €36,038 to €37,721
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,077 | €292,696 | +€59,619 | +25.6% |
| Fixed assets | 21/28 | €38,628 | €35,838 | -€2,790 | -7.2% |
| Intangible fixed assets | 21 | €4,806 | €3,806 | -€1,000 | -20.8% |
| Tangible fixed assets | 22/27 | €33,823 | €32,033 | -€1,790 | -5.3% |
| Furniture and vehicles | 24 | - | €3,895 | +€3,895 | |
| Other tangible fixed assets | 26 | €33,823 | €28,138 | -€5,685 | -16.8% |
| Current assets | 29/58 | €194,448 | €256,858 | +€62,409 | +32.1% |
| Stocks and contracts in progress | 3 | €176,915 | €207,819 | +€30,904 | +17.5% |
| Stocks | 30/36 | €176,915 | €207,819 | +€30,904 | +17.5% |
| Amounts receivable within one year | 40/41 | €2,825 | €7,909 | +€5,084 | +179.9% |
| Trade receivables | 40 | €775 | €7,319 | +€6,544 | +844.6% |
| Other amounts receivable | 41 | €2,050 | €590 | -€1,460 | -71.2% |
| Cash at bank and in hand | 54/58 | €10,388 | €36,673 | +€26,285 | +253.0% |
| Deferred charges and accrued income | 490/1 | €4,319 | €4,456 | +€137 | +3.2% |
| Total equity and liabilities | 10/49 | €233,077 | €292,696 | +€59,619 | +25.6% |
| Equity | 10/15 | €136,862 | €198,943 | +€62,081 | +45.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,862 | €193,943 | +€62,081 | +47.1% |
| Distributable reserves | 133 | €131,862 | €193,943 | +€62,081 | +47.1% |
| Amounts payable | 17/49 | €96,215 | €93,753 | -€2,461 | -2.6% |
| Amounts payable within one year | 42/48 | €96,215 | €93,753 | -€2,461 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €17,028 | €8,803 | -€8,225 | -48.3% |
| Trade debts | 44 | €17,260 | €17,425 | +€164 | +1.0% |
| Suppliers | 440/4 | €17,260 | €17,425 | +€164 | +1.0% |
| Taxes, remuneration and social security | 45 | €7,315 | €7,925 | +€609 | +8.3% |
| Taxes | 450/3 | €2,733 | €3,199 | +€467 | +17.1% |
| Remuneration and social security | 454/9 | €4,583 | €4,725 | +€142 | +3.1% |
| Other amounts payable | 47/48 | €54,611 | €59,601 | +€4,990 | +9.1% |
| Remuneration, social security and pensions | 62 | €36,038 | €37,721 | +€1,683 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,685 | €7,614 | +€930 | +13.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €53,958 | €135,677 | +€81,718 | +151.4% |
| Operating profit (loss) | 9901 | €10,730 | €89,821 | +€79,091 | +737.1% |
| Financial income | 75/76B | €1,760 | €3,025 | +€1,265 | +71.9% |
| Recurring financial income | 75 | €1,760 | €3,025 | +€1,265 | +71.9% |
| Financial charges | 65/66B | €2,070 | €1,356 | -€714 | -34.5% |
| Recurring financial charges | 65 | €2,070 | €1,356 | -€714 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €10,420 | €91,490 | +€81,071 | +778.1% |
| Income taxes | 67/77 | €2,950 | €29,410 | +€26,460 | +897.1% |
| Profit (loss) for the period | 9904 | €7,470 | €62,081 | +€54,611 | +731.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,470 | €62,081 | +€54,611 | +731.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.