MARRAINE: 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.
MARRAINE
Largest movements
- Tangible fixed assets -€6,750
down €6,750 (-3.1%), from €216,000 to €209,250
- Other debts -€8,700
down €8,700 (-4.0%), from €215,174 to €206,474
- Reserves +€2,559
up €2,559 (+27.0%), from €9,487 to €12,046
- Taxes +€127
up €127 (+17.4%), from €726 to €853
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 | €245,887 | €239,849 | -€6,038 | -2.5% |
| Fixed assets | 21/28 | €216,000 | €209,250 | -€6,750 | -3.1% |
| Tangible fixed assets | 22/27 | €216,000 | €209,250 | -€6,750 | -3.1% |
| Land and buildings | 22 | €216,000 | €209,250 | -€6,750 | -3.1% |
| Current assets | 29/58 | €29,887 | €30,599 | +€712 | +2.4% |
| Cash at bank and in hand | 54/58 | €29,887 | €30,599 | +€712 | +2.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €245,887 | €239,849 | -€6,038 | -2.5% |
| Equity | 10/15 | €30,487 | €33,046 | +€2,559 | +8.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €9,487 | €12,046 | +€2,559 | +27.0% |
| Distributable reserves | 133 | €9,487 | €12,046 | +€2,559 | +27.0% |
| Amounts payable | 17/49 | €215,400 | €206,803 | -€8,597 | -4.0% |
| Amounts payable within one year | 42/48 | €215,400 | €206,803 | -€8,597 | -4.0% |
| Taxes, remuneration and social security | 45 | €226 | €329 | +€103 | +45.5% |
| Taxes | 450/3 | €226 | €329 | +€103 | +45.5% |
| Other amounts payable | 47/48 | €215,174 | €206,474 | -€8,700 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €6,750 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €10,404 | €10,362 | -€42 | -0.4% |
| Operating profit (loss) | 9901 | €3,528 | €3,484 | -€44 | -1.3% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €3,461 | €3,412 | -€49 | -1.4% |
| Income taxes | 67/77 | €726 | €853 | +€127 | +17.4% |
| Profit (loss) for the period | 9904 | €2,735 | €2,559 | -€176 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,735 | €2,559 | -€176 | -6.4% |
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 7 October 2026 via checked.be.