MARMET: 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.
MARMET
Largest movements
- Receivables within one year +€52,464
up €52,464 (+4379.2%), from €1,198 to €53,663
of which Trade receivables: +€52,323
- Cash +€16,127
up €16,127 (+94.2%), from €17,123 to €33,250
mainly Other debts (+€51,799) and Tax, wage and social debts (+€13,303)
- Tangible fixed assets -€1,588
down €1,588 (-32.6%), from €4,866 to €3,278
of which Furniture and vehicles: -€2,015
- Other debts +€51,799
new in 2025: €51,799
- Tax, wage and social debts +€13,303
up €13,303 (+251.1%), from €5,297 to €18,600
of which Taxes: +€15,653
- Reserves +€1,668
up €1,668 (+9.8%), from €16,967 to €18,635
- Financial charges +€53,734
up €53,734 (+1974.8%), from €2,721 to €56,455
- Gross operating margin +€53,196
up €53,196 (+623.8%), from €8,528 to €61,725
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 | €27,535 | €94,608 | +€67,073 | +243.6% |
| Fixed assets | 21/28 | €6,366 | €4,778 | -€1,588 | -24.9% |
| Tangible fixed assets | 22/27 | €4,866 | €3,278 | -€1,588 | -32.6% |
| Plant, machinery and equipment | 23 | - | €427 | +€427 | |
| Furniture and vehicles | 24 | €4,866 | €2,851 | -€2,015 | -41.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €21,169 | €89,830 | +€68,661 | +324.3% |
| Amounts receivable within one year | 40/41 | €1,198 | €53,663 | +€52,464 | +4379.2% |
| Trade receivables | 40 | - | €52,323 | +€52,323 | |
| Other amounts receivable | 41 | €1,198 | €1,340 | +€142 | +11.8% |
| Cash at bank and in hand | 54/58 | €17,123 | €33,250 | +€16,127 | +94.2% |
| Deferred charges and accrued income | 490/1 | €2,849 | €2,918 | +€69 | +2.4% |
| Total equity and liabilities | 10/49 | €27,535 | €94,608 | +€67,073 | +243.6% |
| Equity | 10/15 | €20,967 | €22,635 | +€1,668 | +8.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,967 | €18,635 | +€1,668 | +9.8% |
| Distributable reserves | 133 | €16,967 | €18,635 | +€1,668 | +9.8% |
| Amounts payable | 17/49 | €6,568 | €71,973 | +€65,405 | +995.8% |
| Amounts payable within one year | 42/48 | €6,353 | €71,322 | +€64,969 | +1022.6% |
| Trade debts | 44 | €1,056 | €923 | -€133 | -12.6% |
| Suppliers | 440/4 | €1,056 | €923 | -€133 | -12.6% |
| Taxes, remuneration and social security | 45 | €5,297 | €18,600 | +€13,303 | +251.1% |
| Taxes | 450/3 | €2,948 | €18,600 | +€15,653 | +531.1% |
| Remuneration and social security | 454/9 | €2,350 | - | -€2,350 | |
| Other amounts payable | 47/48 | - | €51,799 | +€51,799 | |
| Accrued charges and deferred income | 492/3 | €215 | €651 | +€436 | +202.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €2,041 | +€216 | +11.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,528 | €61,725 | +€53,196 | +623.8% |
| Operating profit (loss) | 9901 | €6,316 | €59,284 | +€52,968 | +838.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €2,721 | €56,455 | +€53,734 | +1974.8% |
| Recurring financial charges | 65 | €2,721 | €56,455 | +€53,734 | +1974.8% |
| Profit (loss) for the period before taxes | 9903 | €3,600 | €2,829 | -€772 | -21.4% |
| Income taxes | 67/77 | €1,302 | €1,160 | -€142 | -10.9% |
| Profit (loss) for the period | 9904 | €2,298 | €1,668 | -€630 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,298 | €1,668 | -€630 | -27.4% |
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 5 October 2026 via checked.be.