MARMANA: 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.
MARMANA
Largest movements
- Cash -€74,712
down €74,712 (-33.8%), from €221,078 to €146,366
mainly Receivables after one year (-€60,000) and Deferred charges and accrued income (-€6,875)
- Receivables after one year +€60,000
new in 2025: €60,000
- Deferred charges and accrued income +€6,875
new in 2025: €6,875
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€202,860
down €202,860 (-93.8%), from €216,227 to €13,366
- Taxes -€17,109
no longer reported in 2025 (was €17,109)
- Financial charges +€5,536
up €5,536 (+1453.0%), from €381 to €5,917
- Gross operating margin -€1,785
down €1,785 (-94.5%), from -€1,888 to -€3,673
- Depreciation -€1,365
down €1,365 (-37.9%), from €3,601 to €2,236
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 | €629,429 | €629,289 | -€140 | 0.0% |
| Fixed assets | 21/28 | €15,953 | €19,984 | +€4,031 | +25.3% |
| Tangible fixed assets | 22/27 | €15,953 | €19,984 | +€4,031 | +25.3% |
| Plant, machinery and equipment | 23 | €2,961 | €4,211 | +€1,250 | +42.2% |
| Furniture and vehicles | 24 | €12,992 | €15,773 | +€2,781 | +21.4% |
| Current assets | 29/58 | €613,476 | €609,305 | -€4,171 | -0.7% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €105,624 | €109,290 | +€3,666 | +3.5% |
| Trade receivables | 40 | €19,427 | €14,317 | -€5,110 | -26.3% |
| Other amounts receivable | 41 | €86,197 | €94,973 | +€8,777 | +10.2% |
| Current investments | 50/53 | €286,774 | €286,774 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €221,078 | €146,366 | -€74,712 | -33.8% |
| Deferred charges and accrued income | 490/1 | - | €6,875 | +€6,875 | |
| Total equity and liabilities | 10/49 | €629,429 | €629,289 | -€140 | 0.0% |
| Equity | 10/15 | €615,688 | €616,033 | +€345 | +0.1% |
| Contributions | 10/11 | €370,753 | €370,753 | = | 0.0% |
| Outside capital | 11 | €370,753 | €370,753 | = | 0.0% |
| Other | 1109/19 | €370,753 | €370,753 | = | 0.0% |
| Reserves | 13 | €244,935 | €245,280 | +€345 | +0.1% |
| Tax-exempt reserves | 132 | €2,420 | €2,420 | = | 0.0% |
| Distributable reserves | 133 | €242,515 | €242,860 | +€345 | +0.1% |
| Amounts payable | 17/49 | €13,741 | €13,256 | -€484 | -3.5% |
| Amounts payable within one year | 42/48 | €13,741 | €13,256 | -€484 | -3.5% |
| Trade debts | 44 | - | €3,727 | +€3,727 | |
| Suppliers | 440/4 | - | €3,727 | +€3,727 | |
| Taxes, remuneration and social security | 45 | €13,741 | €9,530 | -€4,211 | -30.6% |
| Taxes | 450/3 | €13,741 | €9,530 | -€4,211 | -30.6% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,601 | €2,236 | -€1,365 | -37.9% |
| Other operating charges | 640/8 | €1,772 | €1,196 | -€576 | -32.5% |
| Gross operating margin | 9900 | -€1,888 | -€3,673 | -€1,785 | -94.5% |
| Operating profit (loss) | 9901 | -€7,261 | -€7,105 | +€156 | +2.1% |
| Financial income | 75/76B | €216,227 | €13,366 | -€202,860 | -93.8% |
| Recurring financial income | 75 | €216,227 | €13,366 | -€202,860 | -93.8% |
| Financial charges | 65/66B | €381 | €5,917 | +€5,536 | +1453.0% |
| Recurring financial charges | 65 | €381 | €5,917 | +€5,536 | +1453.0% |
| Profit (loss) for the period before taxes | 9903 | €208,585 | €345 | -€208,240 | -99.8% |
| Income taxes | 67/77 | €17,109 | - | -€17,109 | |
| Profit (loss) for the period | 9904 | €191,476 | €345 | -€191,131 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €191,476 | €345 | -€191,131 | -99.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.