MARLIEN: 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.
What changed
MARLIEN
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€930
2024 · €3,827-€4,757
Equity
€130,043
2024 · €130,973-€930
Cash
€8,492
2024 · €5,809+€2,683
Balance sheet total
€1.4m
2024 · €1.4m-€67,439
Largest movements
Assets
- Tangible fixed assets -€64,727
down €64,727 (-4.6%), from €1.4m to €1.4m
of which Land and buildings: -€61,446
Equity and liabilities
- Debts after one year -€82,001
down €82,001 (-7.2%), from €1.1m to €1.1m
of which Financial debts: -€82,001
- Other debts +€15,676
up €15,676 (+24.5%), from €64,093 to €79,769
Income statement
- Depreciation +€5,752
up €5,752 (+6.5%), from €88,654 to €94,406
- Financial charges -€3,335
down €3,335 (-8.9%), from €37,456 to €34,121
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.
Result 2024
€3,827
Gross operating margin
-€800
Depreciation
-€5,752
Other operating charges
-€1,096
Financial income
+€58
Financial charges
+€3,335
Taxes
-€502
Result 2025
-€930
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.
From operations
+€112,597
Investment
-€29,679
Financing
-€80,235
Cash 2024
€5,809
From operations (derived)
+€112,597
Net result for the year
-€930
Depreciation
+€94,406
Stocks and contracts
+€1,000
Receivables within one year
+€2,575
Deferred charges and accrued income
+€1,820
Provisions
-€722
Trade debts
-€285
Tax, wage and social debts
-€1,568
Other debts
+€15,676
Accrued charges and deferred income
+€625
Investment (derived)
-€29,679
Investment in fixed assets (net)
-€29,679
Financing
-€80,235
Debts after one year
-€82,001
Current portion of long-term debt
+€1,766
Cash 2025
€8,492
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,734 | €1,367,295 | -€67,439 | -4.7% |
| Fixed assets | 21/28 | €1,417,006 | €1,352,279 | -€64,727 | -4.6% |
| Tangible fixed assets | 22/27 | €1,417,006 | €1,352,279 | -€64,727 | -4.6% |
| Land and buildings | 22 | €1,412,600 | €1,351,154 | -€61,446 | -4.3% |
| Plant, machinery and equipment | 23 | €230 | - | -€230 | |
| Furniture and vehicles | 24 | €4,176 | €1,125 | -€3,051 | -73.1% |
| Current assets | 29/58 | €17,728 | €15,016 | -€2,712 | -15.3% |
| Stocks and contracts in progress | 3 | €7,000 | €6,000 | -€1,000 | -14.3% |
| Contracts in progress | 37 | €7,000 | €6,000 | -€1,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €3,099 | €524 | -€2,575 | -83.1% |
| Other amounts receivable | 41 | €3,099 | €524 | -€2,575 | -83.1% |
| Cash at bank and in hand | 54/58 | €5,809 | €8,492 | +€2,683 | +46.2% |
| Deferred charges and accrued income | 490/1 | €1,820 | - | -€1,820 | |
| Total equity and liabilities | 10/49 | €1,434,734 | €1,367,295 | -€67,439 | -4.7% |
| Equity | 10/15 | €130,973 | €130,043 | -€930 | -0.7% |
| Contributions | 10/11 | €103,455 | €103,455 | = | 0.0% |
| Reserves | 13 | €43,332 | €41,165 | -€2,167 | -5.0% |
| Tax-exempt reserves | 132 | €43,332 | €41,165 | -€2,167 | -5.0% |
| Profit (loss) carried forward | 14 | -€15,814 | -€14,577 | +€1,237 | +7.8% |
| Provisions and deferred taxes | 16 | €14,444 | €13,722 | -€722 | -5.0% |
| Deferred taxes | 168 | €14,444 | €13,722 | -€722 | -5.0% |
| Amounts payable | 17/49 | €1,289,317 | €1,223,530 | -€65,787 | -5.1% |
| Amounts payable after more than one year | 17 | €1,138,195 | €1,056,194 | -€82,001 | -7.2% |
| Financial debts | 170/4 | €943,685 | €861,684 | -€82,001 | -8.7% |
| Other amounts payable | 178/9 | €194,510 | €194,510 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,122 | €166,711 | +€15,589 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €80,235 | €82,001 | +€1,766 | +2.2% |
| Trade debts | 44 | €4,500 | €4,215 | -€285 | -6.3% |
| Suppliers | 440/4 | €4,500 | €4,215 | -€285 | -6.3% |
| Taxes, remuneration and social security | 45 | €2,294 | €726 | -€1,568 | -68.4% |
| Taxes | 450/3 | €2,294 | €726 | -€1,568 | -68.4% |
| Other amounts payable | 47/48 | €64,093 | €79,769 | +€15,676 | +24.5% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,654 | €94,406 | +€5,752 | +6.5% |
| Other operating charges | 640/8 | €6,289 | €7,385 | +€1,096 | +17.4% |
| Gross operating margin | 9900 | €135,727 | €134,927 | -€800 | -0.6% |
| Operating profit (loss) | 9901 | €40,784 | €33,136 | -€7,648 | -18.8% |
| Financial income | 75/76B | €1 | €59 | +€58 | +5800.0% |
| Recurring financial income | 75 | €1 | €59 | +€58 | +5800.0% |
| Financial charges | 65/66B | €37,456 | €34,121 | -€3,335 | -8.9% |
| Recurring financial charges | 65 | €37,456 | €34,121 | -€3,335 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €3,329 | -€926 | -€4,255 | |
| Transfer from deferred taxes | 780 | €722 | €722 | = | 0.0% |
| Income taxes | 67/77 | €224 | €726 | +€502 | +224.1% |
| Profit (loss) for the period | 9904 | €3,827 | -€930 | -€4,757 | |
| Transfer from tax-exempt reserves | 789 | €2,167 | €2,167 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,994 | €1,237 | -€4,757 | -79.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.