MARMIC: 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.
MARMIC
Largest movements
- Current investments +€95,758
up €95,758 (+18.3%), from €524,135 to €619,893
- Tangible fixed assets -€87,845
down €87,845 (-9.7%), from €905,987 to €818,142
of which Land and buildings: -€86,911
- Cash +€30,695
up €30,695 (+77.0%), from €39,877 to €70,572
mainly Depreciation (+€89,379) and Net result for the year (+€44,052)
- Profit (loss) carried forward +€44,052
up €44,052 (+27.7%), from -€159,260 to -€115,208
- Gross operating margin +€7,770
up €7,770 (+4.9%), from €158,670 to €166,440
- Financial income +€7,354
up €7,354 (+109.4%), from €6,721 to €14,075
- Financial charges +€3,933
up €3,933 (+17.1%), from €23,003 to €26,936
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 | €1,480,902 | €1,522,692 | +€41,790 | +2.8% |
| Fixed assets | 21/28 | €905,987 | €818,142 | -€87,845 | -9.7% |
| Tangible fixed assets | 22/27 | €905,987 | €818,142 | -€87,845 | -9.7% |
| Land and buildings | 22 | €899,686 | €812,775 | -€86,911 | -9.7% |
| Plant, machinery and equipment | 23 | €2,106 | €1,844 | -€262 | -12.4% |
| Furniture and vehicles | 24 | €4,195 | €3,523 | -€672 | -16.0% |
| Current assets | 29/58 | €574,915 | €704,550 | +€129,635 | +22.5% |
| Amounts receivable within one year | 40/41 | €8,541 | €11,615 | +€3,074 | +36.0% |
| Other amounts receivable | 41 | €8,541 | €11,615 | +€3,074 | +36.0% |
| Current investments | 50/53 | €524,135 | €619,893 | +€95,758 | +18.3% |
| Cash at bank and in hand | 54/58 | €39,877 | €70,572 | +€30,695 | +77.0% |
| Deferred charges and accrued income | 490/1 | €2,363 | €2,471 | +€108 | +4.6% |
| Total equity and liabilities | 10/49 | €1,480,902 | €1,522,692 | +€41,790 | +2.8% |
| Equity | 10/15 | €658,740 | €702,792 | +€44,052 | +6.7% |
| Contributions | 10/11 | €818,000 | €818,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,260 | -€115,208 | +€44,052 | +27.7% |
| Amounts payable | 17/49 | €822,163 | €819,901 | -€2,262 | -0.3% |
| Amounts payable after more than one year | 17 | €742,439 | €742,439 | = | 0.0% |
| Other amounts payable | 178/9 | €742,439 | €742,439 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,974 | €76,690 | -€2,283 | -2.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,979 | €2,164 | +€185 | +9.3% |
| Suppliers | 440/4 | €1,979 | €2,164 | +€185 | +9.3% |
| Taxes, remuneration and social security | 45 | €608 | €0 | -€608 | -100.0% |
| Taxes | 450/3 | €608 | €0 | -€608 | -100.0% |
| Other amounts payable | 47/48 | €76,387 | €74,526 | -€1,860 | -2.4% |
| Accrued charges and deferred income | 492/3 | €750 | €771 | +€21 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,417 | €89,379 | -€38 | 0.0% |
| Other operating charges | 640/8 | €19,070 | €19,673 | +€603 | +3.2% |
| Non-recurring operating charges | 66A | - | €191 | +€191 | |
| Gross operating margin | 9900 | €158,670 | €166,440 | +€7,770 | +4.9% |
| Operating profit (loss) | 9901 | €50,183 | €57,196 | +€7,013 | +14.0% |
| Financial income | 75/76B | €6,721 | €14,075 | +€7,354 | +109.4% |
| Recurring financial income | 75 | €6,721 | €14,075 | +€7,354 | +109.4% |
| Financial charges | 65/66B | €23,003 | €26,936 | +€3,933 | +17.1% |
| Recurring financial charges | 65 | €23,003 | €26,936 | +€3,933 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €33,900 | €44,335 | +€10,435 | +30.8% |
| Income taxes | 67/77 | €253 | €283 | +€29 | +11.5% |
| Profit (loss) for the period | 9904 | €33,647 | €44,052 | +€10,405 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,647 | €44,052 | +€10,405 | +30.9% |
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 1 October 2026 via checked.be.