Marnix Vastgoed: 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 Vastgoed
Largest movements
- Tangible fixed assets +€815,711
up €815,711 (+98.6%), from €827,330 to €1.6m
of which Land and buildings: +€819,812
- Cash +€145,709
up €145,709 (+120%), from €121,907 to €267,615
mainly Other debts (+€703,649) and Net result for the year (+€533,643)
- Other debts +€703,649
up €703,649 (+585%), from €120,273 to €823,922
- Debts after one year +€504,090
up €504,090 (+88.9%), from €567,159 to €1.1m
- Reserves -€270,529
down €270,529 (-88.9%), from €304,172 to €33,643
- Tax, wage and social debts +€40,202
up €40,202 (+168%), from €23,886 to €64,088
of which Taxes: +€38,129
- Current portion of long-term debt +€23,325
up €23,325 (+93.6%), from €24,908 to €48,233
- Gross operating margin +€430,755
up €430,755 (+90.8%), from €474,511 to €905,266
- Taxes +€75,821
up €75,821 (+77.4%), from €97,982 to €173,803
- Other operating charges +€41,766
up €41,766 (+1,527%), from €2,735 to €44,501
- Financial charges +€31,863
up €31,863 (+170%), from €18,733 to €50,596
- Depreciation +€25,238
up €25,238 (+104%), from €24,301 to €49,539
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 | €1,068,659 | €2,044,436 | +€975,777 | +91.3% |
| Fixed assets | 21/28 | €827,330 | €1,643,041 | +€815,711 | +98.6% |
| Tangible fixed assets | 22/27 | €827,330 | €1,643,041 | +€815,711 | +98.6% |
| Land and buildings | 22 | €799,149 | €1,618,961 | +€819,812 | +103% |
| Plant, machinery and equipment | 23 | €22,500 | €20,288 | -€2,211 | -9.8% |
| Furniture and vehicles | 24 | €5,682 | €3,792 | -€1,890 | -33.3% |
| Current assets | 29/58 | €241,329 | €401,395 | +€160,066 | +66.3% |
| Amounts receivable within one year | 40/41 | €119,422 | €132,499 | +€13,077 | +10.9% |
| Trade receivables | 40 | €92,706 | €121,302 | +€28,596 | +30.8% |
| Other amounts receivable | 41 | €26,716 | €11,197 | -€15,519 | -58.1% |
| Cash at bank and in hand | 54/58 | €121,907 | €267,615 | +€145,709 | +120% |
| Deferred charges and accrued income | 490/1 | - | €1,281 | +€1,281 | |
| Total equity and liabilities | 10/49 | €1,068,659 | €2,044,436 | +€975,777 | +91.3% |
| Equity | 10/15 | €304,272 | €33,743 | -€270,529 | -88.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €304,172 | €33,643 | -€270,529 | -88.9% |
| Distributable reserves | 133 | €304,172 | €33,643 | -€270,529 | -88.9% |
| Amounts payable | 17/49 | €764,387 | €2,010,693 | +€1.2m | +163% |
| Amounts payable after more than one year | 17 | €567,159 | €1,071,249 | +€504,090 | +88.9% |
| Financial debts | 170/4 | €567,159 | €1,071,249 | +€504,090 | +88.9% |
| Amounts payable within one year | 42/48 | €183,608 | €939,445 | +€755,837 | +412% |
| Current portion of amounts payable after more than one year | 42 | €24,908 | €48,233 | +€23,325 | +93.6% |
| Trade debts | 44 | €14,540 | €3,201 | -€11,340 | -78.0% |
| Suppliers | 440/4 | €14,540 | €3,201 | -€11,340 | -78.0% |
| Taxes, remuneration and social security | 45 | €23,886 | €64,088 | +€40,202 | +168% |
| Taxes | 450/3 | €20,079 | €58,208 | +€38,129 | +190% |
| Remuneration and social security | 454/9 | €3,807 | €5,881 | +€2,074 | +54.5% |
| Other amounts payable | 47/48 | €120,273 | €823,922 | +€703,649 | +585% |
| Accrued charges and deferred income | 492/3 | €13,620 | - | -€13,620 | |
| Remuneration, social security and pensions | 62 | €35,541 | €57,918 | +€22,376 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,301 | €49,539 | +€25,238 | +104% |
| Other operating charges | 640/8 | €2,735 | €44,501 | +€41,766 | +1,527% |
| Gross operating margin | 9900 | €474,511 | €905,266 | +€430,755 | +90.8% |
| Operating profit (loss) | 9901 | €411,934 | €753,308 | +€341,374 | +82.9% |
| Financial income | 75/76B | €8,954 | €4,734 | -€4,220 | -47.1% |
| Recurring financial income | 75 | €8,954 | €4,734 | -€4,220 | -47.1% |
| Financial charges | 65/66B | €18,733 | €50,596 | +€31,863 | +170% |
| Recurring financial charges | 65 | €18,733 | €50,596 | +€31,863 | +170% |
| Profit (loss) for the period before taxes | 9903 | €402,154 | €707,446 | +€305,291 | +75.9% |
| Income taxes | 67/77 | €97,982 | €173,803 | +€75,821 | +77.4% |
| Profit (loss) for the period | 9904 | €304,172 | €533,643 | +€229,471 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €304,172 | €533,643 | +€229,471 | +75.4% |
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 27 October 2026 via checked.be.