MarnikWillems: 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.
MarnikWillems
Largest movements
- Cash +€7,324
up €7,324 (+12.8%), from €57,289 to €64,613
mainly Net result for the year (+€8,264) and Tax, wage and social debts (+€3,538)
- Receivables within one year +€6,363
up €6,363 (+73.0%), from €8,713 to €15,076
of which Trade receivables: +€8,863
- Tangible fixed assets -€1,180
down €1,180 (-25.0%), from €4,717 to €3,537
- Reserves +€8,264
new in 2025: €8,264
- Tax, wage and social debts +€3,538
up €3,538 (+416%), from €850 to €4,389
- Gross operating margin -€68,916
down €68,916 (-84.0%), from €82,036 to €13,120
- Turnover -€54,963
down €54,963 (-57.2%), from €96,104 to €41,141
- Purchases and services +€15,896
up €15,896 (+113%), from €14,067 to €29,963
- Taxes -€12,803
down €12,803 (-78.6%), from €16,287 to €3,484
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 | €70,719 | €83,226 | +€12,507 | +17.7% |
| Fixed assets | 21/28 | €4,717 | €3,537 | -€1,180 | -25.0% |
| Tangible fixed assets | 22/27 | €4,717 | €3,537 | -€1,180 | -25.0% |
| Furniture and vehicles | 24 | €4,717 | €3,537 | -€1,180 | -25.0% |
| Current assets | 29/58 | €66,002 | €79,689 | +€13,687 | +20.7% |
| Amounts receivable within one year | 40/41 | €8,713 | €15,076 | +€6,363 | +73.0% |
| Trade receivables | 40 | - | €8,863 | +€8,863 | |
| Other amounts receivable | 41 | €8,713 | €6,213 | -€2,500 | -28.7% |
| Cash at bank and in hand | 54/58 | €57,289 | €64,613 | +€7,324 | +12.8% |
| Total equity and liabilities | 10/49 | €70,719 | €83,226 | +€12,507 | +17.7% |
| Equity | 10/15 | €69,442 | €77,706 | +€8,264 | +11.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €8,264 | +€8,264 | |
| Distributable reserves | 133 | - | €8,264 | +€8,264 | |
| Profit (loss) carried forward | 14 | €64,442 | €64,442 | = | 0.0% |
| Amounts payable | 17/49 | €1,276 | €5,520 | +€4,244 | +332% |
| Amounts payable within one year | 42/48 | €1,276 | €5,520 | +€4,244 | +332% |
| Trade debts | 44 | €364 | €1,112 | +€748 | +205% |
| Suppliers | 440/4 | €364 | €1,112 | +€748 | +205% |
| Taxes, remuneration and social security | 45 | €850 | €4,389 | +€3,538 | +416% |
| Taxes | 450/3 | €850 | €4,389 | +€3,538 | +416% |
| Other amounts payable | 47/48 | €62 | €20 | -€42 | -67.9% |
| Turnover | 70 | €96,104 | €41,141 | -€54,963 | -57.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,067 | €29,963 | +€15,896 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €1,180 | -€3 | -0.3% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €82,036 | €13,120 | -€68,916 | -84.0% |
| Operating profit (loss) | 9901 | €80,853 | €11,820 | -€69,033 | -85.4% |
| Financial charges | 65/66B | €124 | €73 | -€51 | -41.4% |
| Recurring financial charges | 65 | €124 | €73 | -€51 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €80,729 | €11,747 | -€68,982 | -85.4% |
| Income taxes | 67/77 | €16,287 | €3,484 | -€12,803 | -78.6% |
| Profit (loss) for the period | 9904 | €64,442 | €8,264 | -€56,179 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,442 | €8,264 | -€56,179 | -87.2% |
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 15 October 2026 via checked.be.