MARNIX 21-22: 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.
MARNIX 21-22
Largest movements
- Current investments -€1.8m
down €1.8m (-66.7%), from €2.7m to €900,000
- Tangible fixed assets +€1.6m
up €1.6m (+6.7%), from €24.1m to €25.7m
of which Land and buildings: +€25.0m
- Trade debts -€799,645
down €799,645 (-98.4%), from €812,430 to €12,785
- Profit (loss) carried forward +€359,136
up €359,136 (+91.7%), from -€391,713 to -€32,577
- Gross operating margin +€484,328
up €484,328 (+773%), from €62,694 to €547,022
- Depreciation +€193,044
new in 2025: €193,044
- Financial income -€37,100
down €37,100 (-61.9%), from €59,906 to €22,806
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 | €27,310,717 | €26,976,514 | -€334,203 | -1.2% |
| Fixed assets | 21/28 | €24,171,762 | €25,790,052 | +€1.6m | +6.7% |
| Intangible fixed assets | 21 | €80,672 | €89,629 | +€8,957 | +11.1% |
| Tangible fixed assets | 22/27 | €24,091,090 | €25,700,424 | +€1.6m | +6.7% |
| Land and buildings | 22 | €716,250 | €25,700,424 | +€25.0m | +3,488% |
| Assets under construction and advance payments | 27 | €23,374,840 | €0 | -€23.4m | -100% |
| Current assets | 29/58 | €3,138,955 | €1,186,462 | -€2.0m | -62.2% |
| Amounts receivable within one year | 40/41 | €245,922 | €38,440 | -€207,482 | -84.4% |
| Trade receivables | 40 | €188,786 | €0 | -€188,786 | -100% |
| Other amounts receivable | 41 | €57,136 | €38,440 | -€18,696 | -32.7% |
| Current investments | 50/53 | €2,700,000 | €900,000 | -€1.8m | -66.7% |
| Cash at bank and in hand | 54/58 | €188,423 | €247,142 | +€58,719 | +31.2% |
| Deferred charges and accrued income | 490/1 | €4,611 | €880 | -€3,731 | -80.9% |
| Total equity and liabilities | 10/49 | €27,310,717 | €26,976,514 | -€334,203 | -1.2% |
| Equity | 10/15 | €26,498,287 | €26,857,423 | +€359,136 | +1.4% |
| Contributions | 10/11 | €26,890,000 | €26,890,000 | = | 0.0% |
| Capital | 10 | €26,890,000 | €26,890,000 | = | 0.0% |
| Issued capital | 100 | €26,890,000 | €26,890,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€391,713 | -€32,577 | +€359,136 | +91.7% |
| Amounts payable | 17/49 | €812,430 | €119,091 | -€693,339 | -85.3% |
| Amounts payable within one year | 42/48 | €812,430 | €118,017 | -€694,412 | -85.5% |
| Trade debts | 44 | €812,430 | €12,785 | -€799,645 | -98.4% |
| Suppliers | 440/4 | €812,430 | €12,785 | -€799,645 | -98.4% |
| Taxes, remuneration and social security | 45 | - | €5,233 | +€5,233 | |
| Taxes | 450/3 | - | €5,233 | +€5,233 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,074 | +€1,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €193,044 | +€193,044 | |
| Other operating charges | 640/8 | €21,367 | €17,057 | -€4,310 | -20.2% |
| Gross operating margin | 9900 | €62,694 | €547,022 | +€484,328 | +773% |
| Operating profit (loss) | 9901 | €41,327 | €336,920 | +€295,594 | +715% |
| Financial income | 75/76B | €59,906 | €22,806 | -€37,100 | -61.9% |
| Recurring financial income | 75 | €59,906 | €22,806 | -€37,100 | -61.9% |
| Financial charges | 65/66B | €456 | €590 | +€134 | +29.3% |
| Recurring financial charges | 65 | €456 | €590 | +€134 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €100,776 | €359,136 | +€258,360 | +256% |
| Profit (loss) for the period | 9904 | €100,776 | €359,136 | +€258,360 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €100,776 | €359,136 | +€258,360 | +256% |
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 1 November 2026 via checked.be.