MARNIX LEASEHOLD: 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 LEASEHOLD
Largest movements
- Tangible fixed assets -€2.9m
down €2.9m (-8.6%), from €33.7m to €30.8m
- Receivables within one year +€697,095
up €697,095 (+68.4%), from €1.0m to €1.7m
of which Trade receivables: +€489,133
- Short-term financial debts -€42.2m
down €42.2m (-99.2%), from €42.6m to €330,383
- Debts after one year +€42.2m
up €42.2m, from €0 to €42.2m
- Profit (loss) carried forward -€1.6m
down €1.6m (-9.7%), from -€16.8m to -€18.5m
- Contributions -€670,000
down €670,000 (-7.2%), from €9.3m to €8.6m
- Other debts -€586,350
down €586,350 (-37.5%), from €1.6m to €975,878
- Gross operating margin +€1.0m
up €1.0m (+31.9%), from €3.3m to €4.3m
- Other operating charges +€132,899
up €132,899 (+11.0%), from €1.2m to €1.3m
- Write-downs +€95,268
up €95,268 (+246%), from €38,749 to €134,017
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 | €37,323,514 | €35,292,595 | -€2.0m | -5.4% |
| Fixed assets | 21/28 | €34,543,821 | €31,661,250 | -€2.9m | -8.3% |
| Tangible fixed assets | 22/27 | €33,678,150 | €30,765,985 | -€2.9m | -8.6% |
| Land and buildings | 22 | €33,678,150 | €30,765,985 | -€2.9m | -8.6% |
| Financial fixed assets | 28 | €865,671 | €895,265 | +€29,594 | +3.4% |
| Current assets | 29/58 | €2,779,692 | €3,631,346 | +€851,653 | +30.6% |
| Amounts receivable within one year | 40/41 | €1,019,571 | €1,716,666 | +€697,095 | +68.4% |
| Trade receivables | 40 | €832,923 | €1,322,056 | +€489,133 | +58.7% |
| Other amounts receivable | 41 | €186,649 | €394,610 | +€207,962 | +111% |
| Cash at bank and in hand | 54/58 | €1,577,091 | €1,897,180 | +€320,088 | +20.3% |
| Deferred charges and accrued income | 490/1 | €183,030 | €17,500 | -€165,530 | -90.4% |
| Total equity and liabilities | 10/49 | €37,323,514 | €35,292,595 | -€2.0m | -5.4% |
| Equity | 10/15 | -€7,529,514 | -€9,832,844 | -€2.3m | -30.6% |
| Contributions | 10/11 | €9,293,281 | €8,623,281 | -€670,000 | -7.2% |
| Profit (loss) carried forward | 14 | -€16,822,795 | -€18,456,125 | -€1.6m | -9.7% |
| Amounts payable | 17/49 | €44,853,028 | €45,125,440 | +€272,412 | +0.6% |
| Amounts payable after more than one year | 17 | €0 | €42,165,816 | +€42.2m | |
| Financial debts | 170/4 | €0 | €42,165,816 | +€42.2m | |
| Amounts payable within one year | 42/48 | €44,476,583 | €2,077,911 | -€42.4m | -95.3% |
| Financial debts | 43 | €42,579,802 | €330,383 | -€42.2m | -99.2% |
| Other loans | 439 | €42,579,802 | €330,383 | -€42.2m | -99.2% |
| Trade debts | 44 | €334,554 | €771,650 | +€437,096 | +131% |
| Suppliers | 440/4 | €334,554 | €771,650 | +€437,096 | +131% |
| Other amounts payable | 47/48 | €1,562,228 | €975,878 | -€586,350 | -37.5% |
| Accrued charges and deferred income | 492/3 | €376,444 | €881,712 | +€505,268 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,299,285 | €3,279,362 | -€19,923 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,749 | €134,017 | +€95,268 | +246% |
| Other operating charges | 640/8 | €1,212,457 | €1,345,356 | +€132,899 | +11.0% |
| Gross operating margin | 9900 | €3,278,898 | €4,326,102 | +€1.0m | +31.9% |
| Operating profit (loss) | 9901 | -€1,271,594 | -€432,633 | +€838,961 | +66.0% |
| Financial income | 75/76B | €29,594 | €30,344 | +€750 | +2.5% |
| Recurring financial income | 75 | €29,594 | €30,344 | +€750 | +2.5% |
| Financial charges | 65/66B | €1,255,277 | €1,231,041 | -€24,236 | -1.9% |
| Recurring financial charges | 65 | €1,255,277 | €1,231,041 | -€24,236 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,497,277 | -€1,633,330 | +€863,946 | +34.6% |
| Profit (loss) for the period | 9904 | -€2,497,277 | -€1,633,330 | +€863,946 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,497,277 | -€1,633,330 | +€863,946 | +34.6% |
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 26 October 2026 via checked.be.