MARPE: 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.
MARPE
Largest movements
- Tangible fixed assets -€135,873
down €135,873 (-77.0%), from €176,400 to €40,526
of which Land and buildings: -€121,631
- Cash -€59,095
down €59,095 (-92.5%), from €63,907 to €4,812
mainly Other debts (-€136,666) and Contributions, distributions and other (-€39,401)
- Receivables within one year +€26,786
up €26,786 (+47.1%), from €56,855 to €83,641
of which Other amounts receivable: +€34,282
- Deferred charges and accrued income +€3,206
up €3,206 (+142%), from €2,259 to €5,465
- Other debts -€136,666
down €136,666 (-77.4%), from €176,666 to €40,000
- Reserves -€15,723
down €15,723 (-53.7%), from €29,286 to €13,563
- Debts after one year -€14,037
down €14,037 (-39.8%), from €35,266 to €21,229
- Contributions +€3,061
up €3,061 (+16.5%), from €18,600 to €21,661
- Gross operating margin -€97,585
down €97,585 (-26.5%), from €368,579 to €270,994
- Taxes -€32,697
down €32,697 (-77.4%), from €42,236 to €9,539
- Depreciation -€23,864
down €23,864 (-46.0%), from €51,867 to €28,003
- Staff costs +€23,856
up €23,856 (+13.8%), from €172,484 to €196,340
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 | €300,270 | €135,294 | -€164,977 | -54.9% |
| Fixed assets | 21/28 | €177,250 | €41,376 | -€135,873 | -76.7% |
| Tangible fixed assets | 22/27 | €176,400 | €40,526 | -€135,873 | -77.0% |
| Land and buildings | 22 | €121,631 | - | -€121,631 | |
| Furniture and vehicles | 24 | €54,769 | €40,526 | -€14,243 | -26.0% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €123,021 | €93,917 | -€29,103 | -23.7% |
| Amounts receivable within one year | 40/41 | €56,855 | €83,641 | +€26,786 | +47.1% |
| Trade receivables | 40 | €48,161 | €40,665 | -€7,496 | -15.6% |
| Other amounts receivable | 41 | €8,694 | €42,976 | +€34,282 | +394% |
| Cash at bank and in hand | 54/58 | €63,907 | €4,812 | -€59,095 | -92.5% |
| Deferred charges and accrued income | 490/1 | €2,259 | €5,465 | +€3,206 | +142% |
| Total equity and liabilities | 10/49 | €300,270 | €135,294 | -€164,977 | -54.9% |
| Equity | 10/15 | €47,886 | €35,224 | -€12,662 | -26.4% |
| Contributions | 10/11 | €18,600 | €21,661 | +€3,061 | +16.5% |
| Reserves | 13 | €29,286 | €13,563 | -€15,723 | -53.7% |
| Distributable reserves | 133 | €29,286 | €13,563 | -€15,723 | -53.7% |
| Amounts payable | 17/49 | €252,385 | €100,070 | -€152,315 | -60.4% |
| Amounts payable after more than one year | 17 | €35,266 | €21,229 | -€14,037 | -39.8% |
| Financial debts | 170/4 | €35,266 | €21,229 | -€14,037 | -39.8% |
| Amounts payable within one year | 42/48 | €217,119 | €76,441 | -€140,678 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €13,520 | €14,037 | +€517 | +3.8% |
| Trade debts | 44 | €12,740 | €10,128 | -€2,612 | -20.5% |
| Suppliers | 440/4 | €12,740 | €10,128 | -€2,612 | -20.5% |
| Taxes, remuneration and social security | 45 | €14,193 | €12,276 | -€1,917 | -13.5% |
| Taxes | 450/3 | €2,542 | €70 | -€2,472 | -97.2% |
| Remuneration and social security | 454/9 | €11,651 | €12,205 | +€554 | +4.8% |
| Other amounts payable | 47/48 | €176,666 | €40,000 | -€136,666 | -77.4% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Non-recurring operating income | 76A | €7,211 | - | -€7,211 | |
| Remuneration, social security and pensions | 62 | €172,484 | €196,340 | +€23,856 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,867 | €28,003 | -€23,864 | -46.0% |
| Other operating charges | 640/8 | €5,930 | €8,374 | +€2,444 | +41.2% |
| Gross operating margin | 9900 | €368,579 | €270,994 | -€97,585 | -26.5% |
| Operating profit (loss) | 9901 | €138,298 | €38,277 | -€100,021 | -72.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,175 | €1,999 | -€176 | -8.1% |
| Recurring financial charges | 65 | €2,175 | €1,999 | -€176 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €136,126 | €36,278 | -€99,848 | -73.3% |
| Income taxes | 67/77 | €42,236 | €9,539 | -€32,697 | -77.4% |
| Profit (loss) for the period | 9904 | €93,890 | €26,739 | -€67,151 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,890 | €26,739 | -€67,151 | -71.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.