MARS IMMOBILIEN: 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.
MARS IMMOBILIEN
Largest movements
- Tangible fixed assets -€67,675
down €67,675 (-16.3%), from €415,633 to €347,958
- Receivables within one year +€10,304
up €10,304 (+6.7%), from €153,651 to €163,955
of which Trade receivables: +€18,294
- Current portion of long-term debt -€116,504
no longer reported in 2025 (was €116,504)
- Debts after one year +€39,100
up €39,100 (+145%), from €27,000 to €66,100
- Reserves +€16,080
up €16,080 (+9.5%), from €168,867 to €184,947
of which Distributable reserves: +€16,080
- Trade debts +€8,923
up €8,923 (+27.5%), from €32,468 to €41,391
- Financial charges +€18,950
up €18,950 (+290%), from €6,529 to €25,479
- Taxes -€5,049
down €5,049 (-46.3%), from €10,903 to €5,854
- Gross operating margin +€2,407
up €2,407 (+1.8%), from €133,954 to €136,361
- Other operating charges +€1,533
up €1,533 (+7.8%), from €19,740 to €21,273
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 | €569,299 | €511,917 | -€57,382 | -10.1% |
| Fixed assets | 21/28 | €415,633 | €347,958 | -€67,675 | -16.3% |
| Tangible fixed assets | 22/27 | €415,633 | €347,958 | -€67,675 | -16.3% |
| Land and buildings | 22 | €415,633 | €347,958 | -€67,675 | -16.3% |
| Current assets | 29/58 | €153,665 | €163,958 | +€10,293 | +6.7% |
| Amounts receivable within one year | 40/41 | €153,651 | €163,955 | +€10,304 | +6.7% |
| Trade receivables | 40 | €67,401 | €85,695 | +€18,294 | +27.1% |
| Other amounts receivable | 41 | €86,250 | €78,260 | -€7,990 | -9.3% |
| Cash at bank and in hand | 54/58 | €14 | €3 | -€11 | -80.0% |
| Total equity and liabilities | 10/49 | €569,299 | €511,917 | -€57,382 | -10.1% |
| Equity | 10/15 | €231,367 | €247,447 | +€16,080 | +7.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €168,867 | €184,947 | +€16,080 | +9.5% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €162,617 | €178,697 | +€16,080 | +9.9% |
| Provisions and deferred taxes | 16 | €36,000 | €36,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,000 | €36,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €36,000 | €36,000 | = | 0.0% |
| Amounts payable | 17/49 | €301,932 | €228,470 | -€73,463 | -24.3% |
| Amounts payable after more than one year | 17 | €27,000 | €66,100 | +€39,100 | +145% |
| Other amounts payable | 178/9 | €27,000 | €66,100 | +€39,100 | +145% |
| Amounts payable within one year | 42/48 | €274,932 | €162,370 | -€112,563 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €116,504 | - | -€116,504 | |
| Trade debts | 44 | €32,468 | €41,391 | +€8,923 | +27.5% |
| Suppliers | 440/4 | €32,468 | €41,391 | +€8,923 | +27.5% |
| Taxes, remuneration and social security | 45 | €21,739 | €16,757 | -€4,982 | -22.9% |
| Taxes | 450/3 | €21,739 | €16,757 | -€4,982 | -22.9% |
| Other amounts payable | 47/48 | €104,222 | €104,222 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,675 | €67,675 | = | 0.0% |
| Other operating charges | 640/8 | €19,740 | €21,273 | +€1,533 | +7.8% |
| Gross operating margin | 9900 | €133,954 | €136,361 | +€2,407 | +1.8% |
| Operating profit (loss) | 9901 | €46,540 | €47,414 | +€874 | +1.9% |
| Financial charges | 65/66B | €6,529 | €25,479 | +€18,950 | +290% |
| Recurring financial charges | 65 | €6,529 | €25,479 | +€18,950 | +290% |
| Profit (loss) for the period before taxes | 9903 | €40,010 | €21,934 | -€18,076 | -45.2% |
| Income taxes | 67/77 | €10,903 | €5,854 | -€5,049 | -46.3% |
| Profit (loss) for the period | 9904 | €29,108 | €16,080 | -€13,027 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,108 | €16,080 | -€13,027 | -44.8% |
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 26 October 2026 via checked.be.