Marnix GM: 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 GM
Largest movements
- Receivables within one year +€28,001
up €28,001 (+40.3%), from €69,514 to €97,515
of which Trade receivables: +€38,704
- Cash +€11,611
up €11,611 (+45.9%), from €25,321 to €36,932
mainly Other debts (+€38,218) and Tax, wage and social debts (+€6,830)
- Other debts +€38,218
up €38,218 (+45.3%), from €84,288 to €122,506
- Trade debts -€6,924
down €6,924 (-40.4%), from €17,144 to €10,220
- Tax, wage and social debts +€6,830
new in 2025: €6,830
- Profit (loss) carried forward +€1,489
up €1,489 (+2.6%), from -€56,581 to -€55,093
- Gross operating margin +€104
up €104 (+5.5%), from €1,898 to €2,002
- Financial charges +€47
up €47 (+10.0%), from €467 to €514
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 | €94,851 | €134,464 | +€39,613 | +41.8% |
| Fixed assets | 21/28 | €16 | €16 | = | 0.0% |
| Financial fixed assets | 28 | €16 | €16 | = | 0.0% |
| Current assets | 29/58 | €94,835 | €134,447 | +€39,613 | +41.8% |
| Amounts receivable within one year | 40/41 | €69,514 | €97,515 | +€28,001 | +40.3% |
| Trade receivables | 40 | €58,653 | €97,357 | +€38,704 | +66.0% |
| Other amounts receivable | 41 | €10,860 | €158 | -€10,702 | -98.5% |
| Cash at bank and in hand | 54/58 | €25,321 | €36,932 | +€11,611 | +45.9% |
| Total equity and liabilities | 10/49 | €94,851 | €134,464 | +€39,613 | +41.8% |
| Equity | 10/15 | -€6,581 | -€5,093 | +€1,489 | +22.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,581 | -€55,093 | +€1,489 | +2.6% |
| Amounts payable | 17/49 | €101,432 | €139,556 | +€38,124 | +37.6% |
| Amounts payable within one year | 42/48 | €101,432 | €139,556 | +€38,124 | +37.6% |
| Trade debts | 44 | €17,144 | €10,220 | -€6,924 | -40.4% |
| Suppliers | 440/4 | €17,144 | €10,220 | -€6,924 | -40.4% |
| Taxes, remuneration and social security | 45 | - | €6,830 | +€6,830 | |
| Taxes | 450/3 | - | €6,830 | +€6,830 | |
| Other amounts payable | 47/48 | €84,288 | €122,506 | +€38,218 | +45.3% |
| Other operating charges | 640/8 | €10 | €0 | -€10 | -100% |
| Gross operating margin | 9900 | €1,898 | €2,002 | +€104 | +5.5% |
| Operating profit (loss) | 9901 | €1,889 | €2,002 | +€114 | +6.0% |
| Financial charges | 65/66B | €467 | €514 | +€47 | +10.0% |
| Recurring financial charges | 65 | €467 | €514 | +€47 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €1,421 | €1,489 | +€67 | +4.7% |
| Profit (loss) for the period | 9904 | €1,421 | €1,489 | +€67 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,421 | €1,489 | +€67 | +4.7% |
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 19 October 2026 via checked.be.