MARMOCER: 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.
MARMOCER
Largest movements
- Financial fixed assets -€900,000
down €900,000 (-17.9%), from €5.0m to €4.1m
- Receivables within one year -€499,573
down €499,573 (-99.9%), from €500,014 to €441
of which Other amounts receivable: -€499,573
- Reserves -€901,971
down €901,971 (-46.9%), from €1.9m to €1.0m
of which Distributable reserves: -€901,971
- Other debts -€500,000
no longer reported in 2025 (was €500,000)
- Financial charges +€899,904
up €899,904 (+284186.3%), from €317 to €900,221
of which Non-recurring financial charges: +€900,000
- Financial income -€500,000
no longer reported in 2025 (was €500,000)
- Gross operating margin -€1,512
down €1,512 (-1724.1%), from -€88 to -€1,600
- Other operating charges -€1,102
down €1,102 (-88.0%), from €1,252 to €150
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,526,147 | €4,124,136 | -€1.4m | -25.4% |
| Fixed assets | 21/28 | €5,020,850 | €4,120,850 | -€900,000 | -17.9% |
| Financial fixed assets | 28 | €5,020,850 | €4,120,850 | -€900,000 | -17.9% |
| Current assets | 29/58 | €505,297 | €3,286 | -€502,011 | -99.3% |
| Amounts receivable within one year | 40/41 | €500,014 | €441 | -€499,573 | -99.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €500,014 | €441 | -€499,573 | -99.9% |
| Cash at bank and in hand | 54/58 | €5,283 | €2,845 | -€2,439 | -46.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,526,147 | €4,124,136 | -€1.4m | -25.4% |
| Equity | 10/15 | €5,024,503 | €4,122,532 | -€901,971 | -18.0% |
| Contributions | 10/11 | €3,100,000 | €3,100,000 | = | 0.0% |
| Capital | 10 | €3,100,000 | €3,100,000 | = | 0.0% |
| Issued capital | 100 | €3,100,000 | €3,100,000 | = | 0.0% |
| Reserves | 13 | €1,924,503 | €1,022,532 | -€901,971 | -46.9% |
| Non-distributable reserves | 130/1 | €310,000 | €310,000 | = | 0.0% |
| Legal reserve | 130 | €310,000 | €310,000 | = | 0.0% |
| Distributable reserves | 133 | €1,614,503 | €712,532 | -€901,971 | -55.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €501,644 | €1,603 | -€500,041 | -99.7% |
| Amounts payable within one year | 42/48 | €501,644 | €1,603 | -€500,041 | -99.7% |
| Trade debts | 44 | €1,644 | €1,603 | -€41 | -2.5% |
| Suppliers | 440/4 | €1,644 | €1,603 | -€41 | -2.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €500,000 | - | -€500,000 | |
| Other operating charges | 640/8 | €1,252 | €150 | -€1,102 | -88.0% |
| Gross operating margin | 9900 | -€88 | -€1,600 | -€1,512 | -1724.1% |
| Operating profit (loss) | 9901 | -€1,340 | -€1,750 | -€410 | -30.6% |
| Financial income | 75/76B | €500,000 | - | -€500,000 | |
| Recurring financial income | 75 | €500,000 | - | -€500,000 | |
| Financial charges | 65/66B | €317 | €900,221 | +€899,904 | +284186.3% |
| Recurring financial charges | 65 | €317 | €221 | -€96 | -30.2% |
| Non-recurring financial charges | 66B | - | €900,000 | +€900,000 | |
| Profit (loss) for the period before taxes | 9903 | €498,344 | -€901,971 | -€1.4m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €498,344 | -€901,971 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €498,344 | -€901,971 | -€1.4m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.