MARMASO: 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.
MARMASO
Largest movements
- Receivables within one year -€38,430
down €38,430 (-43.0%), from €89,306 to €50,876
of which Other amounts receivable: -€40,463
- Cash +€32,734
up €32,734 (+234%), from €14,000 to €46,733
mainly Receivables within one year (+€38,430) and Tax, wage and social debts (+€111)
- Trade debts -€3,897
down €3,897 (-100%), from €3,897 to €0
- Profit (loss) carried forward -€1,927
down €1,927, from €0 to -€1,927
- Gross operating margin -€7,994
down €7,994, from €2,241 to -€5,754
- Taxes -€1,980
down €1,980 (-100%), from €1,980 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.
Derived cash bridge
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 | €103,306 | €97,610 | -€5,696 | -5.5% |
| Current assets | 29/58 | €103,306 | €97,610 | -€5,696 | -5.5% |
| Amounts receivable within one year | 40/41 | €89,306 | €50,876 | -€38,430 | -43.0% |
| Trade receivables | 40 | €8,800 | €10,833 | +€2,033 | +23.1% |
| Other amounts receivable | 41 | €80,506 | €40,043 | -€40,463 | -50.3% |
| Cash at bank and in hand | 54/58 | €14,000 | €46,733 | +€32,734 | +234% |
| Total equity and liabilities | 10/49 | €103,306 | €97,610 | -€5,696 | -5.5% |
| Equity | 10/15 | €79,667 | €77,740 | -€1,927 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,067 | €61,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,207 | €59,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,927 | -€1,927 | |
| Amounts payable | 17/49 | €23,639 | €19,870 | -€3,769 | -15.9% |
| Amounts payable within one year | 42/48 | €23,639 | €19,870 | -€3,769 | -15.9% |
| Trade debts | 44 | €3,897 | €0 | -€3,897 | -100% |
| Suppliers | 440/4 | €3,897 | €0 | -€3,897 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €111 | +€111 | |
| Taxes | 450/3 | €0 | €111 | +€111 | |
| Other amounts payable | 47/48 | €19,742 | €19,759 | +€17 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €2,241 | -€5,754 | -€7,994 | |
| Operating profit (loss) | 9901 | €1,790 | -€6,219 | -€8,009 | |
| Financial income | 75/76B | €5,610 | €5,667 | +€57 | +1.0% |
| Recurring financial income | 75 | €5,610 | €5,667 | +€57 | +1.0% |
| Financial charges | 65/66B | €1,336 | €1,375 | +€39 | +2.9% |
| Recurring financial charges | 65 | €1,336 | €1,375 | +€39 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €6,064 | -€1,927 | -€7,991 | |
| Income taxes | 67/77 | €1,980 | €0 | -€1,980 | -100% |
| Profit (loss) for the period | 9904 | €4,083 | -€1,927 | -€6,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,083 | -€1,927 | -€6,011 |
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 17 October 2026 via checked.be.