MARNIC: 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.
MARNIC
Largest movements
- Tangible fixed assets +€27,489
up €27,489 (+127.6%), from €21,541 to €49,030
of which Furniture and vehicles: +€28,137
- Stocks and contracts -€10,967
down €10,967 (-5.0%), from €220,742 to €209,775
- Cash -€4,781
down €4,781 (-21.2%), from €22,601 to €17,821
mainly Investment in fixed assets (net) (-€36,116) and Net result for the year (-€8,967)
- Receivables within one year +€3,507
up €3,507 (+784.9%), from €447 to €3,954
of which Other amounts receivable: +€3,827
- Debts after one year +€15,952
new in 2025: €15,952
- Profit (loss) carried forward -€8,967
new in 2025: -€8,967
- Tax, wage and social debts +€8,470
up €8,470 (+30.2%), from €28,023 to €36,494
of which Remuneration and social security: +€6,000
- Trade debts -€7,587
down €7,587 (-31.9%), from €23,752 to €16,165
- Other debts +€5,949
up €5,949 (+4.7%), from €126,081 to €132,030
- Gross operating margin -€8,077
down €8,077 (-69.4%), from €11,644 to €3,567
- Financial income +€4,929
up €4,929 (+716.0%), from €688 to €5,617
- Taxes +€2,755
new in 2025: €2,755
- Depreciation +€2,329
up €2,329 (+37.0%), from €6,298 to €8,627
- Financial charges -€1,293
down €1,293 (-24.5%), from €5,277 to €3,984
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 | €266,174 | €281,423 | +€15,249 | +5.7% |
| Fixed assets | 21/28 | €22,384 | €49,873 | +€27,489 | +122.8% |
| Tangible fixed assets | 22/27 | €21,541 | €49,030 | +€27,489 | +127.6% |
| Land and buildings | 22 | €13,275 | €12,627 | -€648 | -4.9% |
| Furniture and vehicles | 24 | €8,266 | €36,403 | +€28,137 | +340.4% |
| Financial fixed assets | 28 | €842 | €842 | = | 0.0% |
| Current assets | 29/58 | €243,790 | €231,550 | -€12,240 | -5.0% |
| Stocks and contracts in progress | 3 | €220,742 | €209,775 | -€10,967 | -5.0% |
| Stocks | 30/36 | €220,742 | €209,775 | -€10,967 | -5.0% |
| Amounts receivable within one year | 40/41 | €447 | €3,954 | +€3,507 | +784.9% |
| Trade receivables | 40 | €320 | - | -€320 | |
| Other amounts receivable | 41 | €127 | €3,954 | +€3,827 | +3014.4% |
| Cash at bank and in hand | 54/58 | €22,601 | €17,821 | -€4,781 | -21.2% |
| Total equity and liabilities | 10/49 | €266,174 | €281,423 | +€15,249 | +5.7% |
| Equity | 10/15 | €59,226 | €50,259 | -€8,967 | -15.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | €24,789 | €24,789 | = | 0.0% |
| Other | 1109/19 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €34,436 | €34,436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €31,957 | €31,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,967 | -€8,967 | |
| Amounts payable | 17/49 | €206,948 | €231,164 | +€24,216 | +11.7% |
| Amounts payable after more than one year | 17 | - | €15,952 | +€15,952 | |
| Financial debts | 170/4 | - | €15,952 | +€15,952 | |
| Amounts payable within one year | 42/48 | €206,223 | €214,487 | +€8,264 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €28,367 | €29,799 | +€1,432 | +5.0% |
| Trade debts | 44 | €23,752 | €16,165 | -€7,587 | -31.9% |
| Suppliers | 440/4 | €23,752 | €16,165 | -€7,587 | -31.9% |
| Taxes, remuneration and social security | 45 | €28,023 | €36,494 | +€8,470 | +30.2% |
| Taxes | 450/3 | €6,723 | €9,194 | +€2,470 | +36.7% |
| Remuneration and social security | 454/9 | €21,300 | €27,300 | +€6,000 | +28.2% |
| Other amounts payable | 47/48 | €126,081 | €132,030 | +€5,949 | +4.7% |
| Accrued charges and deferred income | 492/3 | €725 | €725 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,298 | €8,627 | +€2,329 | +37.0% |
| Other operating charges | 640/8 | €389 | - | -€389 | |
| Non-recurring operating charges | 66A | - | €2,785 | +€2,785 | |
| Gross operating margin | 9900 | €11,644 | €3,567 | -€8,077 | -69.4% |
| Operating profit (loss) | 9901 | €4,957 | -€7,845 | -€12,802 | |
| Financial income | 75/76B | €688 | €5,617 | +€4,929 | +716.0% |
| Recurring financial income | 75 | €688 | €5,617 | +€4,929 | +716.0% |
| Financial charges | 65/66B | €5,277 | €3,984 | -€1,293 | -24.5% |
| Recurring financial charges | 65 | €5,277 | €3,984 | -€1,293 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €369 | -€6,212 | -€6,581 | |
| Income taxes | 67/77 | - | €2,755 | +€2,755 | |
| Profit (loss) for the period | 9904 | €369 | -€8,967 | -€9,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €369 | -€8,967 | -€9,336 |
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 11 October 2026 via checked.be.