MARMOTT: 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.
MARMOTT
Largest movements
- Tangible fixed assets -€33,250
down €33,250 (-2.0%), from €1.7m to €1.6m
- Cash +€26,599
up €26,599 (+64.3%), from €41,363 to €67,962
mainly Net result for the year (+€170,424) and Depreciation (+€33,250)
- Debts after one year -€124,616
down €124,616 (-9.5%), from €1.3m to €1.2m
- Other debts -€84,400
down €84,400 (-26.3%), from €320,658 to €236,258
- Profit (loss) carried forward +€79,428
no longer reported in 2025 (was -€79,428)
- Reserves +€78,496
up €78,496 (+184.1%), from €42,635 to €121,131
- Tax, wage and social debts +€23,632
up €23,632 (+463.2%), from €5,102 to €28,734
- Depreciation -€199,605
down €199,605 (-85.7%), from €232,855 to €33,250
- Gross operating margin +€118,874
up €118,874 (+58.5%), from €203,068 to €321,942
- Other operating charges +€27,756
up €27,756 (+294.5%), from €9,426 to €37,182
- Taxes +€26,234
new in 2025: €26,234
- Financial charges +€14,637
up €14,637 (+36.4%), from €40,215 to €54,852
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 | €1,758,059 | €1,741,542 | -€16,517 | -0.9% |
| Fixed assets | 21/28 | €1,677,773 | €1,644,523 | -€33,250 | -2.0% |
| Tangible fixed assets | 22/27 | €1,677,773 | €1,644,523 | -€33,250 | -2.0% |
| Land and buildings | 22 | €1,677,773 | €1,644,523 | -€33,250 | -2.0% |
| Current assets | 29/58 | €80,286 | €97,019 | +€16,733 | +20.8% |
| Amounts receivable within one year | 40/41 | €33,880 | €29,057 | -€4,823 | -14.2% |
| Trade receivables | 40 | €33,880 | €28,000 | -€5,880 | -17.4% |
| Other amounts receivable | 41 | - | €1,057 | +€1,057 | |
| Cash at bank and in hand | 54/58 | €41,363 | €67,962 | +€26,599 | +64.3% |
| Deferred charges and accrued income | 490/1 | €5,043 | - | -€5,043 | |
| Total equity and liabilities | 10/49 | €1,758,059 | €1,741,542 | -€16,517 | -0.9% |
| Equity | 10/15 | -€34,393 | €123,531 | +€157,924 | |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €42,635 | €121,131 | +€78,496 | +184.1% |
| Distributable reserves | 133 | €42,635 | €121,131 | +€78,496 | +184.1% |
| Profit (loss) carried forward | 14 | -€79,428 | - | +€79,428 | |
| Amounts payable | 17/49 | €1,792,452 | €1,618,011 | -€174,441 | -9.7% |
| Amounts payable after more than one year | 17 | €1,314,809 | €1,190,193 | -€124,616 | -9.5% |
| Financial debts | 170/4 | €1,314,809 | €1,190,193 | -€124,616 | -9.5% |
| Amounts payable within one year | 42/48 | €462,143 | €412,318 | -€49,825 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €130,860 | €124,617 | -€6,243 | -4.8% |
| Trade debts | 44 | €5,523 | €22,709 | +€17,186 | +311.2% |
| Suppliers | 440/4 | €5,523 | €22,709 | +€17,186 | +311.2% |
| Taxes, remuneration and social security | 45 | €5,102 | €28,734 | +€23,632 | +463.2% |
| Taxes | 450/3 | €5,102 | €28,734 | +€23,632 | +463.2% |
| Other amounts payable | 47/48 | €320,658 | €236,258 | -€84,400 | -26.3% |
| Accrued charges and deferred income | 492/3 | €15,500 | €15,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,855 | €33,250 | -€199,605 | -85.7% |
| Other operating charges | 640/8 | €9,426 | €37,182 | +€27,756 | +294.5% |
| Gross operating margin | 9900 | €203,068 | €321,942 | +€118,874 | +58.5% |
| Operating profit (loss) | 9901 | -€39,213 | €251,510 | +€290,723 | |
| Financial charges | 65/66B | €40,215 | €54,852 | +€14,637 | +36.4% |
| Recurring financial charges | 65 | €40,215 | €54,852 | +€14,637 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | -€79,428 | €196,658 | +€276,086 | |
| Income taxes | 67/77 | - | €26,234 | +€26,234 | |
| Profit (loss) for the period | 9904 | -€79,428 | €170,424 | +€249,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,428 | €170,424 | +€249,852 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.