MARNIK: what changed
Two fiscal 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.
MARNIK
Largest movements
- Tangible fixed assets -€24,666
down €24,666 (-4.2%), from €590,419 to €565,753
- Debts after one year -€18,247
no longer reported in 2025 (was €18,247)
- Other debts -€18,236
down €18,236 (-7.1%), from €258,239 to €240,003
- Current portion of long-term debt +€16,644
up €16,644 (+674.6%), from €2,467 to €19,111
- Profit (loss) carried forward -€6,853
down €6,853 (-3.8%), from -€178,524 to -€185,377
- Gross operating margin -€25,487
down €25,487 (-60.5%), from €42,134 to €16,647
- Financial income +€3,378
new in 2025: €3,378
of which Financial income: +€3,378
- Taxes -€1,202
no longer reported in 2025 (was €1,202)
- Other operating charges -€1,155
down €1,155 (-84.6%), from €1,365 to €210
- Financial charges -€875
down €875 (-30.4%), from €2,877 to €2,002
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 | €592,121 | €566,915 | -€25,206 | -4.3% |
| Fixed assets | 21/28 | €590,419 | €565,753 | -€24,666 | -4.2% |
| Tangible fixed assets | 22/27 | €590,419 | €565,753 | -€24,666 | -4.2% |
| Land and buildings | 22 | €590,419 | €565,753 | -€24,666 | -4.2% |
| Current assets | 29/58 | €1,702 | €1,162 | -€540 | -31.8% |
| Amounts receivable within one year | 40/41 | €45 | €45 | = | 0.0% |
| Other amounts receivable | 41 | €45 | €45 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,657 | €1,117 | -€540 | -32.6% |
| Total equity and liabilities | 10/49 | €592,121 | €566,915 | -€25,206 | -4.3% |
| Equity | 10/15 | €308,167 | €301,315 | -€6,853 | -2.2% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Outside capital | 11 | €330,000 | €330,000 | = | 0.0% |
| Other | 1109/19 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €156,692 | €156,692 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,566 | €7,566 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,566 | €7,566 | = | 0.0% |
| Distributable reserves | 133 | €149,126 | €149,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,524 | -€185,377 | -€6,853 | -3.8% |
| Amounts payable | 17/49 | €283,953 | €265,600 | -€18,354 | -6.5% |
| Amounts payable after more than one year | 17 | €18,247 | - | -€18,247 | |
| Financial debts | 170/4 | €18,247 | - | -€18,247 | |
| Amounts payable within one year | 42/48 | €263,815 | €265,600 | +€1,785 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €2,467 | €19,111 | +€16,644 | +674.6% |
| Financial debts | 43 | - | €5,178 | +€5,178 | |
| Credit institutions | 430/8 | - | €5,178 | +€5,178 | |
| Trade debts | 44 | €940 | - | -€940 | |
| Suppliers | 440/4 | €940 | - | -€940 | |
| Taxes, remuneration and social security | 45 | €2,168 | €1,307 | -€861 | -39.7% |
| Taxes | 450/3 | €2,168 | €1,307 | -€861 | -39.7% |
| Other amounts payable | 47/48 | €258,239 | €240,003 | -€18,236 | -7.1% |
| Accrued charges and deferred income | 492/3 | €1,891 | - | -€1,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,666 | €24,666 | = | 0.0% |
| Other operating charges | 640/8 | €1,365 | €210 | -€1,155 | -84.6% |
| Gross operating margin | 9900 | €42,134 | €16,647 | -€25,487 | -60.5% |
| Operating profit (loss) | 9901 | €16,104 | -€8,229 | -€24,333 | |
| Financial income | 75/76B | - | €3,378 | +€3,378 | |
| Recurring financial income | 75 | - | €3,378 | +€3,378 | |
| Non-recurring financial income | 76B | - | €3,378 | +€3,378 | |
| Financial charges | 65/66B | €2,877 | €2,002 | -€875 | -30.4% |
| Recurring financial charges | 65 | €2,877 | €2,002 | -€875 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €13,227 | -€6,853 | -€20,080 | |
| Income taxes | 67/77 | €1,202 | - | -€1,202 | |
| Profit (loss) for the period | 9904 | €12,024 | -€6,853 | -€18,877 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,024 | -€6,853 | -€18,877 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.