MARMIN: 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.
MARMIN
Largest movements
- Tangible fixed assets -€2,988
down €2,988 (-4.0%), from €75,355 to €72,367
of which Plant, machinery and equipment: -€2,988
- Profit (loss) carried forward -€3,764
down €3,764 (-28.8%), from -€13,058 to -€16,822
- Gross operating margin -€2,040
down €2,040 (-46.8%), from €4,363 to €2,323
- Other operating charges -€272
down €272 (-9.4%), from €2,896 to €2,624
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 | €77,155 | €73,445 | -€3,710 | -4.8% |
| Fixed assets | 21/28 | €75,355 | €72,367 | -€2,988 | -4.0% |
| Tangible fixed assets | 22/27 | €75,355 | €72,367 | -€2,988 | -4.0% |
| Land and buildings | 22 | €52,809 | €52,809 | = | 0.0% |
| Plant, machinery and equipment | 23 | €22,545 | €19,557 | -€2,988 | -13.3% |
| Current assets | 29/58 | €1,800 | €1,078 | -€722 | -40.1% |
| Cash at bank and in hand | 54/58 | €1,394 | €656 | -€739 | -53.0% |
| Deferred charges and accrued income | 490/1 | €406 | €422 | +€16 | +4.0% |
| Total equity and liabilities | 10/49 | €77,155 | €73,445 | -€3,710 | -4.8% |
| Equity | 10/15 | €35,312 | €31,548 | -€3,764 | -10.7% |
| Contributions | 10/11 | €2,654 | €2,654 | = | 0.0% |
| Reserves | 13 | €45,716 | €45,716 | = | 0.0% |
| Distributable reserves | 133 | €45,716 | €45,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,058 | -€16,822 | -€3,764 | -28.8% |
| Amounts payable | 17/49 | €41,843 | €41,897 | +€54 | +0.1% |
| Amounts payable within one year | 42/48 | €41,711 | €41,848 | +€137 | +0.3% |
| Trade debts | 44 | €2,318 | €2,455 | +€137 | +5.9% |
| Suppliers | 440/4 | €2,318 | €2,455 | +€137 | +5.9% |
| Other amounts payable | 47/48 | €39,393 | €39,393 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €132 | €49 | -€83 | -62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,988 | €2,988 | = | 0.0% |
| Other operating charges | 640/8 | €2,896 | €2,624 | -€272 | -9.4% |
| Gross operating margin | 9900 | €4,363 | €2,323 | -€2,040 | -46.8% |
| Operating profit (loss) | 9901 | -€1,521 | -€3,289 | -€1,768 | -116.3% |
| Financial charges | 65/66B | €443 | €475 | +€32 | +7.1% |
| Recurring financial charges | 65 | €443 | €475 | +€32 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,964 | -€3,764 | -€1,800 | -91.6% |
| Profit (loss) for the period | 9904 | -€1,964 | -€3,764 | -€1,800 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,964 | -€3,764 | -€1,800 | -91.6% |
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 3 October 2026 via checked.be.