MARJORAM: 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.
MARJORAM
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+15509.5%), from €9,136 to €1.4m
- Cash -€189,203
down €189,203 (-99.8%), from €189,603 to €400
mainly Receivables within one year (-€1.4m) and Net result for the year (-€17,172)
- Other debts +€1.3m
up €1.3m (+834.0%), from €150,000 to €1.4m
- Gross operating margin +€4,237
up €4,237 (+20.2%), from -€20,953 to -€16,716
- Financial income -€622
down €622 (-100.0%), from €622 to €0
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 | €13,542,642 | €14,770,437 | +€1.2m | +9.1% |
| Fixed assets | 21/28 | €13,343,903 | €13,343,903 | = | 0.0% |
| Financial fixed assets | 28 | €13,343,903 | €13,343,903 | = | 0.0% |
| Current assets | 29/58 | €198,739 | €1,426,534 | +€1.2m | +617.8% |
| Amounts receivable within one year | 40/41 | €9,136 | €1,426,134 | +€1.4m | +15509.5% |
| Other amounts receivable | 41 | €9,136 | €1,426,134 | +€1.4m | +15509.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €189,603 | €400 | -€189,203 | -99.8% |
| Total equity and liabilities | 10/49 | €13,542,642 | €14,770,437 | +€1.2m | +9.1% |
| Equity | 10/15 | €13,380,487 | €13,363,316 | -€17,172 | -0.1% |
| 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 | €13,318,487 | €13,301,316 | -€17,172 | -0.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €13,312,287 | €13,295,116 | -€17,172 | -0.1% |
| Amounts payable | 17/49 | €162,155 | €1,407,121 | +€1.2m | +767.8% |
| Amounts payable within one year | 42/48 | €162,155 | €1,407,121 | +€1.2m | +767.8% |
| Trade debts | 44 | €12,155 | €6,121 | -€6,034 | -49.6% |
| Suppliers | 440/4 | €12,155 | €6,121 | -€6,034 | -49.6% |
| Other amounts payable | 47/48 | €150,000 | €1,401,000 | +€1.3m | +834.0% |
| Gross operating margin | 9900 | -€20,953 | -€16,716 | +€4,237 | +20.2% |
| Operating profit (loss) | 9901 | -€20,953 | -€16,716 | +€4,237 | +20.2% |
| Financial income | 75/76B | €622 | €0 | -€622 | -100.0% |
| Recurring financial income | 75 | €622 | €0 | -€622 | -100.0% |
| Financial charges | 65/66B | €457 | €456 | -€1 | -0.2% |
| Recurring financial charges | 65 | €457 | €456 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,788 | -€17,172 | +€3,617 | +17.4% |
| Profit (loss) for the period | 9904 | -€20,788 | -€17,172 | +€3,617 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,788 | -€17,172 | +€3,617 | +17.4% |
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 10 October 2026 via checked.be.