MARNATYVES: 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.
MARNATYVES
Largest movements
- Receivables within one year -€56,379
down €56,379 (-68.3%), from €82,570 to €26,191
of which Other amounts receivable: -€43,559
- Cash -€8,715
no longer reported in 2025 (was €8,715)
mainly Net result for the year (-€26,362) and Tax, wage and social debts (-€18,513)
- Tangible fixed assets +€1,695
up €1,695 (+724%), from €234 to €1,929
- Profit (loss) carried forward -€26,362
down €26,362, from €13,534 to -€12,828
- Tax, wage and social debts -€18,513
no longer reported in 2025 (was €18,513)
of which Remuneration and social security: -€11,548
- Current portion of long-term debt -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts -€6,002
down €6,002 (-62.4%), from €9,623 to €3,622
- Short-term financial debts -€4,639
down €4,639 (-92.7%), from €5,002 to €363
- Gross operating margin -€90,019
down €90,019, from €85,884 to -€4,136
- Staff costs -€40,890
down €40,890 (-66.0%), from €61,914 to €21,024
- Taxes -€9,604
down €9,604, from €6,909 to -€2,695
- Financial charges -€5,740
down €5,740 (-75.2%), from €7,629 to €1,889
- Financial income -€4,059
down €4,059 (-98.5%), from €4,121 to €62
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.
Derived cash bridge
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 | €91,672 | €28,657 | -€63,016 | -68.7% |
| Fixed assets | 21/28 | €387 | €2,082 | +€1,695 | +438% |
| Tangible fixed assets | 22/27 | €234 | €1,929 | +€1,695 | +724% |
| Furniture and vehicles | 24 | €234 | €1,929 | +€1,695 | +724% |
| Financial fixed assets | 28 | €153 | €153 | = | 0.0% |
| Current assets | 29/58 | €91,285 | €26,575 | -€64,711 | -70.9% |
| Amounts receivable within one year | 40/41 | €82,570 | €26,191 | -€56,379 | -68.3% |
| Trade receivables | 40 | €12,820 | - | -€12,820 | |
| Other amounts receivable | 41 | €69,750 | €26,191 | -€43,559 | -62.5% |
| Cash at bank and in hand | 54/58 | €8,715 | - | -€8,715 | |
| Deferred charges and accrued income | 490/1 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €91,672 | €28,657 | -€63,016 | -68.7% |
| Equity | 10/15 | €51,034 | €24,672 | -€26,362 | -51.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,534 | -€12,828 | -€26,362 | |
| Amounts payable | 17/49 | €40,639 | €3,985 | -€36,654 | -90.2% |
| Amounts payable within one year | 42/48 | €40,639 | €3,985 | -€36,654 | -90.2% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | - | -€7,500 | |
| Financial debts | 43 | €5,002 | €363 | -€4,639 | -92.7% |
| Credit institutions | 430/8 | €5,002 | €363 | -€4,639 | -92.7% |
| Trade debts | 44 | €9,623 | €3,622 | -€6,002 | -62.4% |
| Suppliers | 440/4 | €9,623 | €3,622 | -€6,002 | -62.4% |
| Taxes, remuneration and social security | 45 | €18,513 | - | -€18,513 | |
| Taxes | 450/3 | €6,966 | - | -€6,966 | |
| Remuneration and social security | 454/9 | €11,548 | - | -€11,548 | |
| Remuneration, social security and pensions | 62 | €61,914 | €21,024 | -€40,890 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €1,199 | +€964 | +412% |
| Other operating charges | 640/8 | €699 | €872 | +€173 | +24.8% |
| Gross operating margin | 9900 | €85,884 | -€4,136 | -€90,019 | |
| Operating profit (loss) | 9901 | €23,037 | -€27,230 | -€50,267 | |
| Financial income | 75/76B | €4,121 | €62 | -€4,059 | -98.5% |
| Recurring financial income | 75 | €4,121 | €62 | -€4,059 | -98.5% |
| Financial charges | 65/66B | €7,629 | €1,889 | -€5,740 | -75.2% |
| Recurring financial charges | 65 | €7,629 | €1,889 | -€5,740 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €19,529 | -€29,057 | -€48,587 | |
| Income taxes | 67/77 | €6,909 | -€2,695 | -€9,604 | |
| Profit (loss) for the period | 9904 | €12,620 | -€26,362 | -€38,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,620 | -€26,362 | -€38,982 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.