MarMat Consult: 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.
MarMat Consult
Largest movements
- Tangible fixed assets +€19,520
up €19,520 (+5629.4%), from €347 to €19,866
- Financial fixed assets +€5,671
new in 2025: €5,671
- Receivables within one year +€4,940
up €4,940 (+830.9%), from €595 to €5,534
of which Other amounts receivable: +€2,929
- Cash -€4,325
down €4,325 (-21.3%), from €20,284 to €15,959
mainly Investment in fixed assets (net) (-€34,248) and Receivables within one year (-€4,940)
- Current investments -€955
no longer reported in 2025 (was €955)
- Debts after one year +€17,968
new in 2025: €17,968
- Current portion of long-term debt +€5,337
new in 2025: €5,337
- Other debts -€3,875
down €3,875 (-71.8%), from €5,396 to €1,520
- Tax, wage and social debts +€2,382
up €2,382 (+42.2%), from €5,642 to €8,024
- Trade debts +€1,850
up €1,850 (+227.4%), from €814 to €2,664
- Depreciation +€9,037
up €9,037 (+41758.4%), from €22 to €9,058
- Gross operating margin +€5,139
up €5,139 (+45.9%), from €11,191 to €16,330
- Taxes +€1,886
up €1,886 (+85.3%), from €2,211 to €4,097
- Financial charges +€1,368
up €1,368 (+2604.0%), from €53 to €1,420
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 | €22,369 | €47,501 | +€25,132 | +112.3% |
| Fixed assets | 21/28 | €347 | €25,537 | +€25,190 | +7264.9% |
| Tangible fixed assets | 22/27 | €347 | €19,866 | +€19,520 | +5629.4% |
| Furniture and vehicles | 24 | €347 | €19,866 | +€19,520 | +5629.4% |
| Financial fixed assets | 28 | - | €5,671 | +€5,671 | |
| Current assets | 29/58 | €22,022 | €21,964 | -€59 | -0.3% |
| Amounts receivable within one year | 40/41 | €595 | €5,534 | +€4,940 | +830.9% |
| Trade receivables | 40 | €595 | €2,605 | +€2,010 | +338.2% |
| Other amounts receivable | 41 | - | €2,929 | +€2,929 | |
| Current investments | 50/53 | €955 | - | -€955 | |
| Cash at bank and in hand | 54/58 | €20,284 | €15,959 | -€4,325 | -21.3% |
| Deferred charges and accrued income | 490/1 | €189 | €470 | +€281 | +148.7% |
| Total equity and liabilities | 10/49 | €22,369 | €47,501 | +€25,132 | +112.3% |
| Equity | 10/15 | €10,518 | €11,988 | +€1,470 | +14.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,518 | €9,988 | +€1,470 | +17.3% |
| Amounts payable | 17/49 | €11,851 | €35,513 | +€23,662 | +199.7% |
| Amounts payable after more than one year | 17 | - | €17,968 | +€17,968 | |
| Financial debts | 170/4 | - | €17,968 | +€17,968 | |
| Amounts payable within one year | 42/48 | €11,851 | €17,545 | +€5,694 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,337 | +€5,337 | |
| Trade debts | 44 | €814 | €2,664 | +€1,850 | +227.4% |
| Suppliers | 440/4 | €814 | €2,664 | +€1,850 | +227.4% |
| Taxes, remuneration and social security | 45 | €5,642 | €8,024 | +€2,382 | +42.2% |
| Taxes | 450/3 | €5,642 | €8,024 | +€2,382 | +42.2% |
| Other amounts payable | 47/48 | €5,396 | €1,520 | -€3,875 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | €9,058 | +€9,037 | +41758.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €11,191 | €16,330 | +€5,139 | +45.9% |
| Operating profit (loss) | 9901 | €10,782 | €6,872 | -€3,910 | -36.3% |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €53 | €1,420 | +€1,368 | +2604.0% |
| Recurring financial charges | 65 | €53 | €1,420 | +€1,368 | +2604.0% |
| Profit (loss) for the period before taxes | 9903 | €10,730 | €5,567 | -€5,163 | -48.1% |
| Income taxes | 67/77 | €2,211 | €4,097 | +€1,886 | +85.3% |
| Profit (loss) for the period | 9904 | €8,518 | €1,470 | -€7,049 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,518 | €1,470 | -€7,049 | -82.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.