MARNIX MOENS: 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 MOENS
Largest movements
- Cash -€268,041
down €268,041 (-29.2%), from €918,499 to €650,458
mainly Other debts (-€234,656) and Receivables within one year (-€58,705)
- Receivables within one year +€58,705
up €58,705 (+73.5%), from €79,837 to €138,542
of which Other amounts receivable: +€98,472
- Tangible fixed assets -€46,839
down €46,839 (-7.2%), from €653,292 to €606,453
of which Land and buildings: -€43,997
- Other debts -€234,656
down €234,656 (-16.6%), from €1.4m to €1.2m
- Debts after one year -€50,074
down €50,074 (-11.5%), from €434,290 to €384,216
of which Financial debts: -€50,074
- Reserves +€31,675
up €31,675 (+6.5%), from €485,806 to €517,481
of which Distributable reserves: +€31,675
- Gross operating margin +€48,753
up €48,753 (+83.1%), from €58,645 to €107,398
- Taxes +€13,997
up €13,997 (+684.6%), from €2,044 to €16,041
- Financial income -€4,316
down €4,316 (-94.5%), from €4,566 to €250
of which Non-recurring financial income: -€4,566
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 | €2,424,654 | €2,167,747 | -€256,907 | -10.6% |
| Fixed assets | 21/28 | €1,425,444 | €1,378,605 | -€46,839 | -3.3% |
| Tangible fixed assets | 22/27 | €653,292 | €606,453 | -€46,839 | -7.2% |
| Land and buildings | 22 | €470,756 | €426,759 | -€43,997 | -9.3% |
| Plant, machinery and equipment | 23 | €21,569 | €19,006 | -€2,564 | -11.9% |
| Furniture and vehicles | 24 | €1,210 | €931 | -€278 | -23.0% |
| Other tangible fixed assets | 26 | €159,757 | €159,757 | = | 0.0% |
| Financial fixed assets | 28 | €772,152 | €772,152 | = | 0.0% |
| Current assets | 29/58 | €999,211 | €789,142 | -€210,068 | -21.0% |
| Amounts receivable within one year | 40/41 | €79,837 | €138,542 | +€58,705 | +73.5% |
| Trade receivables | 40 | €78,059 | €38,292 | -€39,767 | -50.9% |
| Other amounts receivable | 41 | €1,778 | €100,250 | +€98,472 | +5537.9% |
| Cash at bank and in hand | 54/58 | €918,499 | €650,458 | -€268,041 | -29.2% |
| Deferred charges and accrued income | 490/1 | €875 | €142 | -€733 | -83.8% |
| Total equity and liabilities | 10/49 | €2,424,654 | €2,167,747 | -€256,907 | -10.6% |
| Equity | 10/15 | €429,257 | €460,932 | +€31,675 | +7.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €485,806 | €517,481 | +€31,675 | +6.5% |
| Tax-exempt reserves | 132 | €23,631 | €23,631 | = | 0.0% |
| Distributable reserves | 133 | €462,176 | €493,851 | +€31,675 | +6.9% |
| Profit (loss) carried forward | 14 | -€68,950 | -€68,950 | = | 0.0% |
| Provisions and deferred taxes | 16 | €80,172 | €80,172 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €80,172 | €80,172 | = | 0.0% |
| Other liabilities and charges | 164/5 | €80,172 | €80,172 | = | 0.0% |
| Amounts payable | 17/49 | €1,915,225 | €1,626,643 | -€288,583 | -15.1% |
| Amounts payable after more than one year | 17 | €434,290 | €384,216 | -€50,074 | -11.5% |
| Financial debts | 170/4 | €433,790 | €383,716 | -€50,074 | -11.5% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,480,935 | €1,242,427 | -€238,508 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €49,411 | €50,074 | +€663 | +1.3% |
| Trade debts | 44 | €7,227 | €2,730 | -€4,497 | -62.2% |
| Suppliers | 440/4 | €7,227 | €2,730 | -€4,497 | -62.2% |
| Taxes, remuneration and social security | 45 | €14,913 | €14,894 | -€19 | -0.1% |
| Taxes | 450/3 | €14,913 | €14,894 | -€19 | -0.1% |
| Other amounts payable | 47/48 | €1,409,385 | €1,174,729 | -€234,656 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,238 | €46,839 | +€601 | +1.3% |
| Other operating charges | 640/8 | €6,243 | €5,555 | -€688 | -11.0% |
| Gross operating margin | 9900 | €58,645 | €107,398 | +€48,753 | +83.1% |
| Operating profit (loss) | 9901 | €6,163 | €55,004 | +€48,841 | +792.5% |
| Financial income | 75/76B | €4,566 | €250 | -€4,316 | -94.5% |
| Recurring financial income | 75 | €4,566 | €250 | -€4,316 | -94.5% |
| Non-recurring financial income | 76B | €4,566 | - | -€4,566 | |
| Financial charges | 65/66B | €7,168 | €7,538 | +€370 | +5.2% |
| Recurring financial charges | 65 | €7,168 | €7,538 | +€370 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €3,562 | €47,716 | +€44,155 | +1239.7% |
| Income taxes | 67/77 | €2,044 | €16,041 | +€13,997 | +684.6% |
| Profit (loss) for the period | 9904 | €1,517 | €31,675 | +€30,158 | +1987.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,517 | €31,675 | +€30,158 | +1987.8% |
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 11 October 2026 via checked.be.