MARPIC: what changed
Two fiscal 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.
MARPIC
Largest movements
- Deferred charges and accrued income +€22,904
up €22,904 (+167.6%), from €13,666 to €36,570
- Cash +€3,760
up €3,760 (+289.0%), from €1,301 to €5,061
mainly Other debts (+€27,886) and Depreciation (+€3,754)
- Tangible fixed assets -€3,754
down €3,754 (-3.5%), from €108,183 to €104,429
- Other debts +€27,886
up €27,886 (+38.0%), from €73,372 to €101,258
- Profit (loss) carried forward -€6,576
down €6,576 (-12.8%), from -€51,222 to -€57,798
- Trade debts +€1,600
up €1,600 (+160.0%), from €1,000 to €2,600
- Gross operating margin -€3,015
down €3,015, from €1,514 to -€1,501
- Other operating charges +€126
up €126 (+12.6%), from €1,001 to €1,127
- Depreciation +€80
up €80 (+2.2%), from €3,674 to €3,754
- Financial charges +€30
up €30 (+18.3%), from €164 to €194
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 | €123,150 | €146,060 | +€22,910 | +18.6% |
| Fixed assets | 21/28 | €108,183 | €104,429 | -€3,754 | -3.5% |
| Tangible fixed assets | 22/27 | €108,183 | €104,429 | -€3,754 | -3.5% |
| Land and buildings | 22 | €108,183 | €104,429 | -€3,754 | -3.5% |
| Current assets | 29/58 | €14,967 | €41,631 | +€26,664 | +178.2% |
| Cash at bank and in hand | 54/58 | €1,301 | €5,061 | +€3,760 | +289.0% |
| Deferred charges and accrued income | 490/1 | €13,666 | €36,570 | +€22,904 | +167.6% |
| Total equity and liabilities | 10/49 | €123,150 | €146,060 | +€22,910 | +18.6% |
| Equity | 10/15 | €48,778 | €42,202 | -€6,576 | -13.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,222 | -€57,798 | -€6,576 | -12.8% |
| Amounts payable | 17/49 | €74,372 | €103,858 | +€29,486 | +39.6% |
| Amounts payable within one year | 42/48 | €74,372 | €103,858 | +€29,486 | +39.6% |
| Trade debts | 44 | €1,000 | €2,600 | +€1,600 | +160.0% |
| Suppliers | 440/4 | €1,000 | €2,600 | +€1,600 | +160.0% |
| Other amounts payable | 47/48 | €73,372 | €101,258 | +€27,886 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,674 | €3,754 | +€80 | +2.2% |
| Other operating charges | 640/8 | €1,001 | €1,127 | +€126 | +12.6% |
| Gross operating margin | 9900 | €1,514 | -€1,501 | -€3,015 | |
| Operating profit (loss) | 9901 | -€3,161 | -€6,382 | -€3,221 | -101.9% |
| Financial charges | 65/66B | €164 | €194 | +€30 | +18.3% |
| Recurring financial charges | 65 | €164 | €194 | +€30 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,325 | -€6,576 | -€3,251 | -97.8% |
| Profit (loss) for the period | 9904 | -€3,325 | -€6,576 | -€3,251 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,325 | -€6,576 | -€3,251 | -97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.