Marnat: what changed
Two financial 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.
Marnat
Largest movements
- Tangible fixed assets -€7,095
down €7,095 (-27.9%), from €25,414 to €18,319
of which Other tangible fixed assets: -€4,928
- Intangible fixed assets -€4,930
down €4,930 (-30.6%), from €16,135 to €11,205
- Stocks and contracts -€2,481
down €2,481 (-2.6%), from €95,465 to €92,984
- Cash +€2,233
up €2,233 (+3.5%), from €63,966 to €66,200
mainly Other debts (+€19,681) and Depreciation (+€12,025)
- Profit (loss) carried forward -€22,334
down €22,334 (-27.8%), from €80,308 to €57,974
- Tax, wage and social debts -€20,725
down €20,725 (-62.9%), from €32,937 to €12,212
of which Taxes: -€11,245
- Other debts +€19,681
up €19,681 (+852.9%), from €2,307 to €21,988
- Accrued charges and deferred income +€6,325
up €6,325 (+20.8%), from €30,341 to €36,666
- Debts after one year +€3,900
up €3,900 (+12.6%), from €31,000 to €34,900
of which Other amounts payable: +€3,900
- Gross operating margin -€19,023
down €19,023 (-56.4%), from €33,700 to €14,677
- Taxes -€3,860
down €3,860 (-100.0%), from €3,860 to €0
- Financial charges +€828
up €828 (+25.1%), from €3,300 to €4,129
- Write-downs -€625
down €625 (-40.3%), from €1,551 to €927
- Financial income -€504
down €504 (-24.6%), from €2,047 to €1,544
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 | €211,319 | €200,486 | -€10,833 | -5.1% |
| Fixed assets | 21/28 | €45,450 | €33,424 | -€12,025 | -26.5% |
| Intangible fixed assets | 21 | €16,135 | €11,205 | -€4,930 | -30.6% |
| Tangible fixed assets | 22/27 | €25,414 | €18,319 | -€7,095 | -27.9% |
| Plant, machinery and equipment | 23 | €1,575 | €1,083 | -€493 | -31.3% |
| Furniture and vehicles | 24 | €3,862 | €2,188 | -€1,674 | -43.3% |
| Other tangible fixed assets | 26 | €19,977 | €15,048 | -€4,928 | -24.7% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €165,869 | €167,061 | +€1,192 | +0.7% |
| Stocks and contracts in progress | 3 | €95,465 | €92,984 | -€2,481 | -2.6% |
| Stocks | 30/36 | €95,465 | €92,984 | -€2,481 | -2.6% |
| Amounts receivable within one year | 40/41 | €6,146 | €7,145 | +€1,000 | +16.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,146 | €7,145 | +€1,000 | +16.3% |
| Cash at bank and in hand | 54/58 | €63,966 | €66,200 | +€2,233 | +3.5% |
| Deferred charges and accrued income | 490/1 | €292 | €733 | +€440 | +150.6% |
| Total equity and liabilities | 10/49 | €211,319 | €200,486 | -€10,833 | -5.1% |
| Equity | 10/15 | €98,908 | €76,574 | -€22,334 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,308 | €57,974 | -€22,334 | -27.8% |
| Amounts payable | 17/49 | €112,411 | €123,911 | +€11,500 | +10.2% |
| Amounts payable after more than one year | 17 | €31,000 | €34,900 | +€3,900 | +12.6% |
| Financial debts | 170/4 | €31,000 | €31,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €3,900 | +€3,900 | |
| Amounts payable within one year | 42/48 | €51,070 | €52,345 | +€1,275 | +2.5% |
| Trade debts | 44 | €15,826 | €18,145 | +€2,319 | +14.7% |
| Suppliers | 440/4 | €15,826 | €18,145 | +€2,319 | +14.7% |
| Taxes, remuneration and social security | 45 | €32,937 | €12,212 | -€20,725 | -62.9% |
| Taxes | 450/3 | €21,457 | €10,212 | -€11,245 | -52.4% |
| Remuneration and social security | 454/9 | €11,480 | €2,000 | -€9,480 | -82.6% |
| Other amounts payable | 47/48 | €2,307 | €21,988 | +€19,681 | +852.9% |
| Accrued charges and deferred income | 492/3 | €30,341 | €36,666 | +€6,325 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,991 | €12,025 | +€35 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,551 | €927 | -€625 | -40.3% |
| Other operating charges | 640/8 | €1,060 | €1,474 | +€414 | +39.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,700 | €14,677 | -€19,023 | -56.4% |
| Operating profit (loss) | 9901 | €19,098 | €251 | -€18,847 | -98.7% |
| Financial income | 75/76B | €2,047 | €1,544 | -€504 | -24.6% |
| Recurring financial income | 75 | €2,047 | €1,544 | -€504 | -24.6% |
| Financial charges | 65/66B | €3,300 | €4,129 | +€828 | +25.1% |
| Recurring financial charges | 65 | €3,300 | €4,129 | +€828 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €17,845 | -€2,334 | -€20,179 | |
| Income taxes | 67/77 | €3,860 | €0 | -€3,860 | -100.0% |
| Profit (loss) for the period | 9904 | €13,984 | -€2,334 | -€16,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,984 | -€2,334 | -€16,318 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.