MARPINIC: 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.
MARPINIC
Largest movements
- Cash -€26,788
down €26,788 (-83.6%), from €32,056 to €5,268
mainly Other debts (-€45,877) and Debts after one year (-€11,166)
- Tangible fixed assets -€18,777
down €18,777 (-7.4%), from €254,503 to €235,726
of which Leasing and similar rights: -€10,883
- Receivables within one year -€5,178
down €5,178 (-16.9%), from €30,562 to €25,384
of which Trade receivables: -€5,391
- Other debts -€45,877
down €45,877 (-86.1%), from €53,253 to €7,376
- Reserves +€13,635
up €13,635 (+4.8%), from €281,421 to €295,056
- Debts after one year -€11,166
down €11,166 (-44.0%), from €25,391 to €14,225
- Tax, wage and social debts -€6,166
down €6,166 (-36.2%), from €17,032 to €10,867
- Gross operating margin -€58,176
down €58,176 (-52.9%), from €109,953 to €51,778
- Taxes -€15,898
down €15,898 (-69.8%), from €22,788 to €6,889
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 | €399,059 | €348,824 | -€50,235 | -12.6% |
| Fixed assets | 21/28 | €254,503 | €235,726 | -€18,777 | -7.4% |
| Tangible fixed assets | 22/27 | €254,503 | €235,726 | -€18,777 | -7.4% |
| Land and buildings | 22 | €192,516 | €181,634 | -€10,881 | -5.7% |
| Plant, machinery and equipment | 23 | €322 | €161 | -€161 | -50.0% |
| Furniture and vehicles | 24 | €16,295 | €20,649 | +€4,354 | +26.7% |
| Leasing and similar rights | 25 | €35,036 | €24,152 | -€10,883 | -31.1% |
| Other tangible fixed assets | 26 | €10,334 | €9,130 | -€1,204 | -11.7% |
| Current assets | 29/58 | €144,556 | €113,097 | -€31,458 | -21.8% |
| Amounts receivable within one year | 40/41 | €30,562 | €25,384 | -€5,178 | -16.9% |
| Trade receivables | 40 | €30,562 | €25,170 | -€5,391 | -17.6% |
| Other amounts receivable | 41 | - | €214 | +€214 | |
| Current investments | 50/53 | €74,463 | €74,908 | +€446 | +0.6% |
| Cash at bank and in hand | 54/58 | €32,056 | €5,268 | -€26,788 | -83.6% |
| Deferred charges and accrued income | 490/1 | €7,475 | €7,537 | +€62 | +0.8% |
| Total equity and liabilities | 10/49 | €399,059 | €348,824 | -€50,235 | -12.6% |
| Equity | 10/15 | €287,621 | €301,256 | +€13,635 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €281,421 | €295,056 | +€13,635 | +4.8% |
| Distributable reserves | 133 | €281,421 | €295,056 | +€13,635 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €111,438 | €47,568 | -€63,870 | -57.3% |
| Amounts payable after more than one year | 17 | €25,391 | €14,225 | -€11,166 | -44.0% |
| Financial debts | 170/4 | €25,391 | €14,225 | -€11,166 | -44.0% |
| Amounts payable within one year | 42/48 | €86,047 | €33,342 | -€52,705 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €10,672 | €11,166 | +€494 | +4.6% |
| Financial debts | 43 | €822 | €105 | -€717 | -87.2% |
| Credit institutions | 430/8 | €822 | €105 | -€717 | -87.2% |
| Trade debts | 44 | €4,268 | €3,829 | -€439 | -10.3% |
| Suppliers | 440/4 | €4,268 | €3,829 | -€439 | -10.3% |
| Taxes, remuneration and social security | 45 | €17,032 | €10,867 | -€6,166 | -36.2% |
| Taxes | 450/3 | €17,032 | €10,867 | -€6,166 | -36.2% |
| Other amounts payable | 47/48 | €53,253 | €7,376 | -€45,877 | -86.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,669 | €25,816 | +€147 | +0.6% |
| Other operating charges | 640/8 | €4,051 | €4,484 | +€433 | +10.7% |
| Gross operating margin | 9900 | €109,953 | €51,778 | -€58,176 | -52.9% |
| Operating profit (loss) | 9901 | €80,233 | €21,478 | -€58,756 | -73.2% |
| Financial income | 75/76B | €33 | €993 | +€960 | +2,932% |
| Recurring financial income | 75 | €33 | €993 | +€960 | +2,932% |
| Financial charges | 65/66B | €2,772 | €1,946 | -€826 | -29.8% |
| Recurring financial charges | 65 | €2,772 | €1,946 | -€826 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €77,494 | €20,524 | -€56,970 | -73.5% |
| Income taxes | 67/77 | €22,788 | €6,889 | -€15,898 | -69.8% |
| Profit (loss) for the period | 9904 | €54,707 | €13,635 | -€41,072 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,707 | €13,635 | -€41,072 | -75.1% |
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 17 October 2026 via checked.be.