Marnickel: 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.
Marnickel
Largest movements
- Receivables within one year +€19,081
up €19,081 (+242.9%), from €7,854 to €26,935
of which Trade receivables: +€19,405
- Tangible fixed assets -€8,509
down €8,509 (-10.0%), from €84,751 to €76,242
of which Other tangible fixed assets: -€10,571
- Cash -€7,126
down €7,126 (-37.1%), from €19,219 to €12,092
mainly Net result for the year (-€100,090) and Current portion of long-term debt (-€19,537)
- Deferred charges and accrued income -€1,922
down €1,922 (-63.8%), from €3,014 to €1,091
- Other debts +€149,330
up €149,330 (+66.0%), from €226,292 to €375,621
- Profit (loss) carried forward -€100,090
down €100,090 (-42.6%), from -€235,185 to -€335,275
- Current portion of long-term debt -€19,537
down €19,537 (-87.6%), from €22,291 to €2,753
- Tax, wage and social debts -€17,565
down €17,565 (-68.0%), from €25,845 to €8,281
of which Remuneration and social security: -€14,601
- Trade debts -€4,324
down €4,324 (-8.1%), from €53,085 to €48,761
- Gross operating margin -€86,277
down €86,277 (-67.1%), from €128,530 to €42,253
- Staff costs -€78,545
down €78,545 (-40.1%), from €195,757 to €117,212
- Financial charges +€3,773
up €3,773 (+188.3%), from €2,004 to €5,776
- Depreciation +€2,772
up €2,772 (+16.7%), from €16,569 to €19,341
- Other operating charges -€2,442
down €2,442 (-97.5%), from €2,504 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.
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 | €120,662 | €121,835 | +€1,173 | +1.0% |
| Fixed assets | 21/28 | €84,751 | €76,242 | -€8,509 | -10.0% |
| Tangible fixed assets | 22/27 | €84,751 | €76,242 | -€8,509 | -10.0% |
| Plant, machinery and equipment | 23 | €22,676 | €24,738 | +€2,062 | +9.1% |
| Other tangible fixed assets | 26 | €62,075 | €51,503 | -€10,571 | -17.0% |
| Current assets | 29/58 | €35,911 | €45,593 | +€9,682 | +27.0% |
| Stocks and contracts in progress | 3 | €5,825 | €5,475 | -€350 | -6.0% |
| Stocks | 30/36 | €5,825 | €5,475 | -€350 | -6.0% |
| Amounts receivable within one year | 40/41 | €7,854 | €26,935 | +€19,081 | +242.9% |
| Trade receivables | 40 | €7,307 | €26,712 | +€19,405 | +265.6% |
| Other amounts receivable | 41 | €547 | €222 | -€325 | -59.4% |
| Cash at bank and in hand | 54/58 | €19,219 | €12,092 | -€7,126 | -37.1% |
| Deferred charges and accrued income | 490/1 | €3,014 | €1,091 | -€1,922 | -63.8% |
| Total equity and liabilities | 10/49 | €120,662 | €121,835 | +€1,173 | +1.0% |
| Equity | 10/15 | -€215,185 | -€315,275 | -€100,090 | -46.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,185 | -€335,275 | -€100,090 | -42.6% |
| Amounts payable | 17/49 | €335,847 | €437,110 | +€101,263 | +30.2% |
| Amounts payable after more than one year | 17 | €2,753 | - | -€2,753 | |
| Financial debts | 170/4 | €2,753 | - | -€2,753 | |
| Amounts payable within one year | 42/48 | €333,094 | €437,110 | +€104,016 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €22,291 | €2,753 | -€19,537 | -87.6% |
| Trade debts | 44 | €53,085 | €48,761 | -€4,324 | -8.1% |
| Suppliers | 440/4 | €53,085 | €48,761 | -€4,324 | -8.1% |
| Advances received on contracts in progress | 46 | €5,581 | €1,693 | -€3,888 | -69.7% |
| Taxes, remuneration and social security | 45 | €25,845 | €8,281 | -€17,565 | -68.0% |
| Taxes | 450/3 | €4,053 | €1,089 | -€2,964 | -73.1% |
| Remuneration and social security | 454/9 | €21,793 | €7,192 | -€14,601 | -67.0% |
| Other amounts payable | 47/48 | €226,292 | €375,621 | +€149,330 | +66.0% |
| Remuneration, social security and pensions | 62 | €195,757 | €117,212 | -€78,545 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,569 | €19,341 | +€2,772 | +16.7% |
| Other operating charges | 640/8 | €2,504 | €62 | -€2,442 | -97.5% |
| Gross operating margin | 9900 | €128,530 | €42,253 | -€86,277 | -67.1% |
| Operating profit (loss) | 9901 | -€86,301 | -€94,363 | -€8,062 | -9.3% |
| Financial income | 75/76B | €4 | €49 | +€46 | +1208.0% |
| Recurring financial income | 75 | €4 | €49 | +€46 | +1208.0% |
| Financial charges | 65/66B | €2,004 | €5,776 | +€3,773 | +188.3% |
| Recurring financial charges | 65 | €2,004 | €5,776 | +€3,773 | +188.3% |
| Profit (loss) for the period before taxes | 9903 | -€88,300 | -€100,090 | -€11,790 | -13.4% |
| Profit (loss) for the period | 9904 | -€88,300 | -€100,090 | -€11,790 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,300 | -€100,090 | -€11,790 | -13.4% |
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 10 October 2026 via checked.be.