MARS: 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.
MARS
Largest movements
- Deferred charges and accrued income -€235
no longer reported in 2025 (was €235)
- Receivables within one year -€29
no longer reported in 2025 (was €29)
- Cash -€16
down €16 (-53.5%), from €30 to €14
mainly Tax, wage and social debts (-€5,800)
- Tax, wage and social debts -€5,800
no longer reported in 2025 (was €5,800)
of which Remuneration and social security: -€5,020
- Profit (loss) carried forward +€4,508
up €4,508 (+10.6%), from -€42,540 to -€38,032
- Other debts +€910
up €910 (+3.2%), from €28,767 to €29,677
- Trade debts +€101
up €101 (+2.4%), from €4,268 to €4,369
- Staff costs -€13,436
down €13,436, from €13,402 to -€34
- Financial income +€4,655
up €4,655 (+1277.4%), from €364 to €5,020
of which Non-recurring financial income: +€5,020
- Gross operating margin -€1,881
down €1,881, from €1,471 to -€409
- Financial charges -€679
down €679 (-83.2%), from €815 to €137
- Other operating charges -€654
no longer reported in 2025 (was €654)
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 | €295 | €14 | -€281 | -95.2% |
| Current assets | 29/58 | €295 | €14 | -€281 | -95.2% |
| Amounts receivable within one year | 40/41 | €29 | - | -€29 | |
| Other amounts receivable | 41 | €29 | - | -€29 | |
| Cash at bank and in hand | 54/58 | €30 | €14 | -€16 | -53.5% |
| Deferred charges and accrued income | 490/1 | €235 | - | -€235 | |
| Total equity and liabilities | 10/49 | €295 | €14 | -€281 | -95.2% |
| Equity | 10/15 | -€38,540 | -€34,032 | +€4,508 | +11.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,540 | -€38,032 | +€4,508 | +10.6% |
| Amounts payable | 17/49 | €38,835 | €34,046 | -€4,789 | -12.3% |
| Amounts payable within one year | 42/48 | €38,835 | €34,046 | -€4,789 | -12.3% |
| Trade debts | 44 | €4,268 | €4,369 | +€101 | +2.4% |
| Suppliers | 440/4 | €4,268 | €4,369 | +€101 | +2.4% |
| Taxes, remuneration and social security | 45 | €5,800 | - | -€5,800 | |
| Taxes | 450/3 | €780 | - | -€780 | |
| Remuneration and social security | 454/9 | €5,020 | - | -€5,020 | |
| Other amounts payable | 47/48 | €28,767 | €29,677 | +€910 | +3.2% |
| Non-recurring operating income | 76A | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | €13,402 | -€34 | -€13,436 | |
| Other operating charges | 640/8 | €654 | - | -€654 | |
| Non-recurring operating charges | 66A | €113 | - | -€113 | |
| Gross operating margin | 9900 | €1,471 | -€409 | -€1,881 | |
| Operating profit (loss) | 9901 | -€12,698 | -€375 | +€12,323 | +97.0% |
| Financial income | 75/76B | €364 | €5,020 | +€4,655 | +1277.4% |
| Recurring financial income | 75 | €364 | €5,020 | +€4,655 | +1277.4% |
| Non-recurring financial income | 76B | - | €5,020 | +€5,020 | |
| Financial charges | 65/66B | €815 | €137 | -€679 | -83.2% |
| Recurring financial charges | 65 | €815 | €137 | -€679 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,149 | €4,508 | +€17,657 | |
| Profit (loss) for the period | 9904 | -€13,149 | €4,508 | +€17,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,149 | €4,508 | +€17,657 |
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 29 September 2026 via checked.be.