MarMar Group: 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.
MarMar Group
Largest movements
- Cash -€22,118
down €22,118 (-78.5%), from €28,183 to €6,065
- Tangible fixed assets +€4,029
up €4,029 (+1.3%), from €299,413 to €303,442
- Profit (loss) carried forward -€13,673
down €13,673 (-688%), from -€1,986 to -€15,659
- Other debts +€6,046
up €6,046 (+82.6%), from €7,323 to €13,368
- Trade debts -€5,979
down €5,979 (-61.2%), from €9,769 to €3,790
- Debts after one year -€4,108
down €4,108 (-6.4%), from €63,944 to €59,836
- Gross operating margin +€17,047
up €17,047, from -€4,972 to €12,075
- Financial income -€9,988
down €9,988 (-49.9%), from €20,000 to €10,012
- Depreciation +€6,259
up €6,259 (+95.0%), from €6,586 to €12,845
- Purchases and services -€4,972
no longer reported in 2025 (was €4,972)
- Financial charges -€339
down €339 (-31.3%), from €1,084 to €745
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,676 | €315,332 | -€15,345 | -4.6% |
| Fixed assets | 21/28 | €302,413 | €306,442 | +€4,029 | +1.3% |
| Tangible fixed assets | 22/27 | €299,413 | €303,442 | +€4,029 | +1.3% |
| Land and buildings | 22 | €299,413 | €303,442 | +€4,029 | +1.3% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €28,263 | €8,889 | -€19,374 | -68.5% |
| Amounts receivable within one year | 40/41 | - | €2,825 | +€2,825 | |
| Trade receivables | 40 | - | €2,825 | +€2,825 | |
| Cash at bank and in hand | 54/58 | €28,183 | €6,065 | -€22,118 | -78.5% |
| Deferred charges and accrued income | 490/1 | €80 | - | -€80 | |
| Total equity and liabilities | 10/49 | €330,676 | €315,332 | -€15,345 | -4.6% |
| Equity | 10/15 | €237,717 | €224,045 | -€13,673 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €233,503 | €233,503 | = | 0.0% |
| Distributable reserves | 133 | €233,503 | €233,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,986 | -€15,659 | -€13,673 | -688% |
| Amounts payable | 17/49 | €92,959 | €91,287 | -€1,672 | -1.8% |
| Amounts payable after more than one year | 17 | €63,944 | €59,836 | -€4,108 | -6.4% |
| Financial debts | 170/4 | €63,944 | €59,836 | -€4,108 | -6.4% |
| Amounts payable within one year | 42/48 | €27,680 | €30,101 | +€2,421 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €10,589 | €12,943 | +€2,354 | +22.2% |
| Trade debts | 44 | €9,769 | €3,790 | -€5,979 | -61.2% |
| Suppliers | 440/4 | €9,769 | €3,790 | -€5,979 | -61.2% |
| Other amounts payable | 47/48 | €7,323 | €13,368 | +€6,046 | +82.6% |
| Accrued charges and deferred income | 492/3 | €1,334 | €1,350 | +€16 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,972 | - | -€4,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,586 | €12,845 | +€6,259 | +95.0% |
| Other operating charges | 640/8 | €2,037 | €2,168 | +€131 | +6.5% |
| Gross operating margin | 9900 | -€4,972 | €12,075 | +€17,047 | |
| Operating profit (loss) | 9901 | -€13,595 | -€2,939 | +€10,656 | +78.4% |
| Financial income | 75/76B | €20,000 | €10,012 | -€9,988 | -49.9% |
| Recurring financial income | 75 | €20,000 | €10,012 | -€9,988 | -49.9% |
| Financial charges | 65/66B | €1,084 | €745 | -€339 | -31.3% |
| Recurring financial charges | 65 | €1,084 | €745 | -€339 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €5,321 | €6,328 | +€1,007 | +18.9% |
| Profit (loss) for the period | 9904 | €5,321 | €6,328 | +€1,007 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,321 | €6,328 | +€1,007 | +18.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.