MARNI GROUP: 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.
MARNI GROUP
Largest movements
- Receivables within one year +€146,887
up €146,887 (+730%), from €20,113 to €167,000
of which Trade receivables: +€156,000
- Receivables after one year +€87,056
new in 2025: €87,056
- Tangible fixed assets -€34,819
down €34,819 (-95.7%), from €36,402 to €1,583
of which Furniture and vehicles: -€34,594
- Trade debts +€155,568
up €155,568 (+8,766%), from €1,775 to €157,343
- Debts after one year +€20,703
up €20,703 (+2.1%), from €962,979 to €983,682
of which Other amounts payable: +€225,924
- Financial income -€171,000
down €171,000 (-100%), from €171,000 to €0
- Gross operating margin -€25,199
down €25,199 (-37.0%), from €68,072 to €42,872
- Depreciation -€11,500
down €11,500 (-98.1%), from €11,725 to €225
- Financial charges -€2,036
down €2,036 (-15.2%), from €13,429 to €11,394
- Taxes -€1,095
down €1,095 (-12.3%), from €8,890 to €7,795
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 | €1,879,844 | €2,058,872 | +€179,029 | +9.5% |
| Fixed assets | 21/28 | €1,836,402 | €1,801,583 | -€34,819 | -1.9% |
| Tangible fixed assets | 22/27 | €36,402 | €1,583 | -€34,819 | -95.7% |
| Furniture and vehicles | 24 | €34,594 | €0 | -€34,594 | -100% |
| Other tangible fixed assets | 26 | €1,808 | €1,583 | -€225 | -12.4% |
| Financial fixed assets | 28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Current assets | 29/58 | €43,442 | €257,289 | +€213,847 | +492% |
| Amounts receivable after more than one year | 29 | - | €87,056 | +€87,056 | |
| Other amounts receivable | 291 | - | €87,056 | +€87,056 | |
| Amounts receivable within one year | 40/41 | €20,113 | €167,000 | +€146,887 | +730% |
| Trade receivables | 40 | €11,000 | €167,000 | +€156,000 | +1,418% |
| Other amounts receivable | 41 | €9,113 | €0 | -€9,113 | -100% |
| Cash at bank and in hand | 54/58 | €21,177 | €1,280 | -€19,898 | -94.0% |
| Deferred charges and accrued income | 490/1 | €2,152 | €1,954 | -€198 | -9.2% |
| Total equity and liabilities | 10/49 | €1,879,844 | €2,058,872 | +€179,029 | +9.5% |
| Equity | 10/15 | €711,429 | €711,436 | +€7 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €706,300 | €706,300 | = | 0.0% |
| Distributable reserves | 133 | €706,300 | €706,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129 | €136 | +€7 | +5.1% |
| Amounts payable | 17/49 | €1,168,414 | €1,347,436 | +€179,022 | +15.3% |
| Amounts payable after more than one year | 17 | €962,979 | €983,682 | +€20,703 | +2.1% |
| Financial debts | 170/4 | €962,979 | €757,758 | -€205,221 | -21.3% |
| Other amounts payable | 178/9 | - | €225,924 | +€225,924 | |
| Amounts payable within one year | 42/48 | €205,436 | €363,755 | +€158,319 | +77.1% |
| Current portion of amounts payable after more than one year | 42 | €175,478 | €165,717 | -€9,761 | -5.6% |
| Trade debts | 44 | €1,775 | €157,343 | +€155,568 | +8,766% |
| Suppliers | 440/4 | €1,775 | €157,343 | +€155,568 | +8,766% |
| Taxes, remuneration and social security | 45 | €12,140 | €7,795 | -€4,345 | -35.8% |
| Taxes | 450/3 | €12,140 | €7,795 | -€4,345 | -35.8% |
| Other amounts payable | 47/48 | €16,043 | €32,901 | +€16,858 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,725 | €225 | -€11,500 | -98.1% |
| Other operating charges | 640/8 | €2,135 | €2,853 | +€718 | +33.6% |
| Gross operating margin | 9900 | €68,072 | €42,872 | -€25,199 | -37.0% |
| Operating profit (loss) | 9901 | €54,212 | €39,795 | -€14,417 | -26.6% |
| Financial income | 75/76B | €171,000 | €0 | -€171,000 | -100% |
| Recurring financial income | 75 | €171,000 | €0 | -€171,000 | -100% |
| Financial charges | 65/66B | €13,429 | €11,394 | -€2,036 | -15.2% |
| Recurring financial charges | 65 | €13,429 | €11,394 | -€2,036 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €211,783 | €28,401 | -€183,382 | -86.6% |
| Income taxes | 67/77 | €8,890 | €7,795 | -€1,095 | -12.3% |
| Profit (loss) for the period | 9904 | €202,893 | €20,607 | -€182,286 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €202,893 | €20,607 | -€182,286 | -89.8% |
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 24 October 2026 via checked.be.