MARNIX: 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.
MARNIX
Largest movements
- Tangible fixed assets -€3,845
down €3,845 (-52.3%), from €7,350 to €3,505
of which Plant, machinery and equipment: -€3,307
- Receivables within one year -€3,151
down €3,151 (-32.0%), from €9,832 to €6,681
of which Trade receivables: -€2,802
- Cash +€1,699
up €1,699 (+2.0%), from €85,027 to €86,726
mainly Depreciation (+€3,845) and Receivables within one year (+€3,151)
- Accrued charges and deferred income -€4,936
no longer reported in 2025 (was €4,936)
- Trade debts -€1,648
down €1,648 (-18.5%), from €8,913 to €7,264
- Profit (loss) carried forward +€1,574
up €1,574 (+45.1%), from €3,495 to €5,069
- Gross operating margin +€26,576
up €26,576, from -€20,800 to €5,776
- Depreciation -€322
down €322 (-7.7%), from €4,167 to €3,845
- Other operating charges -€260
down €260 (-20.3%), from €1,280 to €1,020
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 | €117,070 | €112,273 | -€4,797 | -4.1% |
| Fixed assets | 21/28 | €7,350 | €3,505 | -€3,845 | -52.3% |
| Tangible fixed assets | 22/27 | €7,350 | €3,505 | -€3,845 | -52.3% |
| Plant, machinery and equipment | 23 | €6,196 | €2,889 | -€3,307 | -53.4% |
| Other tangible fixed assets | 26 | €1,154 | €616 | -€538 | -46.6% |
| Current assets | 29/58 | €109,720 | €108,768 | -€952 | -0.9% |
| Stocks and contracts in progress | 3 | €10,260 | €9,902 | -€357 | -3.5% |
| Stocks | 30/36 | €10,260 | €9,902 | -€357 | -3.5% |
| Amounts receivable within one year | 40/41 | €9,832 | €6,681 | -€3,151 | -32.0% |
| Trade receivables | 40 | €3,365 | €562 | -€2,802 | -83.3% |
| Other amounts receivable | 41 | €6,467 | €6,119 | -€349 | -5.4% |
| Cash at bank and in hand | 54/58 | €85,027 | €86,726 | +€1,699 | +2.0% |
| Deferred charges and accrued income | 490/1 | €4,601 | €5,459 | +€858 | +18.6% |
| Total equity and liabilities | 10/49 | €117,070 | €112,273 | -€4,797 | -4.1% |
| Equity | 10/15 | €84,859 | €86,433 | +€1,574 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,764 | €62,764 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €62,764 | €60,904 | -€1,860 | -3.0% |
| Profit (loss) carried forward | 14 | €3,495 | €5,069 | +€1,574 | +45.1% |
| Amounts payable | 17/49 | €32,211 | €25,840 | -€6,371 | -19.8% |
| Amounts payable within one year | 42/48 | €27,275 | €25,840 | -€1,435 | -5.3% |
| Trade debts | 44 | €8,913 | €7,264 | -€1,648 | -18.5% |
| Suppliers | 440/4 | €8,913 | €7,264 | -€1,648 | -18.5% |
| Taxes, remuneration and social security | 45 | €2,300 | €2,300 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €16,062 | €16,276 | +€213 | +1.3% |
| Accrued charges and deferred income | 492/3 | €4,936 | - | -€4,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,167 | €3,845 | -€322 | -7.7% |
| Other operating charges | 640/8 | €1,280 | €1,020 | -€260 | -20.3% |
| Gross operating margin | 9900 | -€20,800 | €5,776 | +€26,576 | |
| Operating profit (loss) | 9901 | -€26,247 | €911 | +€27,159 | |
| Financial income | 75/76B | €819 | €903 | +€84 | +10.3% |
| Recurring financial income | 75 | €819 | €903 | +€84 | +10.3% |
| Financial charges | 65/66B | €265 | €119 | -€146 | -55.1% |
| Recurring financial charges | 65 | €265 | €119 | -€146 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,693 | €1,696 | +€27,389 | |
| Income taxes | 67/77 | €143 | €121 | -€22 | -15.4% |
| Profit (loss) for the period | 9904 | -€25,837 | €1,574 | +€27,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,837 | €1,574 | +€27,411 |
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 8 October 2026 via checked.be.