MARS LOGISTIC HOLDING: 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.
What changed
MARS LOGISTIC HOLDING
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€567,790
2024 · €360,646+€207,144
Equity
€2.6m
2024 · €2.6m-€32,210
Cash
€35,930
2024 · €35,682+€248
Balance sheet total
€6.7m
2024 · €7.4m-€645,971
Largest movements
Assets
- Tangible fixed assets -€584,786
down €584,786 (-8.4%), from €7.0m to €6.4m
Equity and liabilities
- Debts after one year -€934,541
down €934,541 (-22.0%), from €4.3m to €3.3m
- Other debts +€300,000
up €300,000 (+100%), from €300,000 to €600,000
Income statement
- Gross operating margin +€158,301
up €158,301 (+10.6%), from €1.5m to €1.6m
- Financial charges -€105,510
down €105,510 (-38.8%), from €272,173 to €166,663
- Taxes +€51,015
up €51,015 (+43.4%), from €117,635 to €168,650
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.
Result 2024
€360,646
Gross operating margin
+€158,301
Depreciation
-€3,746
Other operating charges
-€1,906
Financial charges
+€105,510
Taxes
-€51,015
Result 2025
€567,790
raises the resultlowers the result
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.
From operations
+€1.6m
Investment
-€97,564
Financing
-€1.5m
Cash 2024
€35,682
From operations (derived)
+€1.6m
Net result for the year
+€567,790
Depreciation
+€682,350
Receivables within one year
+€61,433
Trade debts
+€13,948
Tax, wage and social debts
+€3,541
Other debts
+€300,000
Accrued charges and deferred income
+€3,291
Investment (derived)
-€97,564
Investment in fixed assets (net)
-€97,564
Financing
-€1.5m
Debts after one year
-€934,541
Contributions, distributions and other
-€600,000
Cash 2025
€35,930
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,350,510 | €6,704,539 | -€645,971 | -8.8% |
| Fixed assets | 21/28 | €6,998,510 | €6,413,724 | -€584,786 | -8.4% |
| Tangible fixed assets | 22/27 | €6,998,510 | €6,413,724 | -€584,786 | -8.4% |
| Land and buildings | 22 | €6,998,510 | €6,413,724 | -€584,786 | -8.4% |
| Current assets | 29/58 | €352,000 | €290,815 | -€61,185 | -17.4% |
| Amounts receivable within one year | 40/41 | €316,318 | €254,885 | -€61,433 | -19.4% |
| Trade receivables | 40 | €206,077 | €218,965 | +€12,887 | +6.3% |
| Other amounts receivable | 41 | €110,240 | €35,920 | -€74,320 | -67.4% |
| Cash at bank and in hand | 54/58 | €35,682 | €35,930 | +€248 | +0.7% |
| Total equity and liabilities | 10/49 | €7,350,510 | €6,704,539 | -€645,971 | -8.8% |
| Equity | 10/15 | €2,621,066 | €2,588,856 | -€32,210 | -1.2% |
| Contributions | 10/11 | €2,263,000 | €2,263,000 | = | 0.0% |
| Capital | 10 | €2,263,000 | €2,263,000 | = | 0.0% |
| Issued capital | 100 | €2,263,000 | €2,263,000 | = | 0.0% |
| Reserves | 13 | €226,300 | €226,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €226,300 | €226,300 | = | 0.0% |
| Legal reserve | 130 | €226,300 | €226,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,766 | €99,556 | -€32,210 | -24.4% |
| Amounts payable | 17/49 | €4,729,444 | €4,115,684 | -€613,760 | -13.0% |
| Amounts payable after more than one year | 17 | €4,250,056 | €3,315,516 | -€934,541 | -22.0% |
| Other amounts payable | 178/9 | €4,250,056 | €3,315,516 | -€934,541 | -22.0% |
| Amounts payable within one year | 42/48 | €326,391 | €643,880 | +€317,489 | +97.3% |
| Trade debts | 44 | €1,914 | €15,861 | +€13,948 | +729% |
| Suppliers | 440/4 | €1,914 | €15,861 | +€13,948 | +729% |
| Taxes, remuneration and social security | 45 | €24,477 | €28,019 | +€3,541 | +14.5% |
| Taxes | 450/3 | €24,477 | €28,019 | +€3,541 | +14.5% |
| Other amounts payable | 47/48 | €300,000 | €600,000 | +€300,000 | +100% |
| Accrued charges and deferred income | 492/3 | €152,997 | €156,288 | +€3,291 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678,604 | €682,350 | +€3,746 | +0.6% |
| Other operating charges | 640/8 | €60,983 | €62,889 | +€1,906 | +3.1% |
| Gross operating margin | 9900 | €1,490,040 | €1,648,341 | +€158,301 | +10.6% |
| Operating profit (loss) | 9901 | €750,454 | €903,102 | +€152,649 | +20.3% |
| Financial charges | 65/66B | €272,173 | €166,663 | -€105,510 | -38.8% |
| Recurring financial charges | 65 | €272,173 | €166,663 | -€105,510 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €478,281 | €736,439 | +€258,158 | +54.0% |
| Income taxes | 67/77 | €117,635 | €168,650 | +€51,015 | +43.4% |
| Profit (loss) for the period | 9904 | €360,646 | €567,790 | +€207,144 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €360,646 | €567,790 | +€207,144 | +57.4% |
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.