Marsanta: 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.
Marsanta
Largest movements
- Receivables within one year +€96,812
up €96,812 (+432.3%), from €22,395 to €119,207
of which Other amounts receivable: +€58,130
- Cash -€89,890
down €89,890 (-98.8%), from €90,993 to €1,104
mainly Receivables within one year (-€96,812) and Contributions, distributions and other (-€79,099)
- Tangible fixed assets -€24,215
down €24,215 (-19.1%), from €126,920 to €102,705
of which Furniture and vehicles: -€21,152
- Other debts +€65,063
new in 2025: €65,063
- Reserves -€62,122
down €62,122 (-47.6%), from €130,626 to €68,504
- Debts after one year -€19,233
down €19,233 (-33.0%), from €58,200 to €38,967
- Trade debts -€2,578
down €2,578 (-97.1%), from €2,654 to €76
- Gross operating margin +€8,145
up €8,145 (+14.7%), from €55,232 to €63,377
- Depreciation +€6,552
up €6,552 (+22.0%), from €29,835 to €36,387
- Financial income +€1,509
up €1,509 (+266.3%), from €567 to €2,076
- Taxes +€1,023
up €1,023 (+14.9%), from €6,874 to €7,897
- Other operating charges +€972
up €972 (+184.2%), from €528 to €1,500
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 | €242,972 | €225,052 | -€17,920 | -7.4% |
| Fixed assets | 21/28 | €126,920 | €102,705 | -€24,215 | -19.1% |
| Tangible fixed assets | 22/27 | €126,920 | €102,705 | -€24,215 | -19.1% |
| Plant, machinery and equipment | 23 | €5,487 | €2,424 | -€3,063 | -55.8% |
| Furniture and vehicles | 24 | €121,433 | €100,281 | -€21,152 | -17.4% |
| Current assets | 29/58 | €116,052 | €122,348 | +€6,296 | +5.4% |
| Amounts receivable within one year | 40/41 | €22,395 | €119,207 | +€96,812 | +432.3% |
| Trade receivables | 40 | €16,640 | €55,323 | +€38,682 | +232.5% |
| Other amounts receivable | 41 | €5,755 | €63,885 | +€58,130 | +1010.2% |
| Cash at bank and in hand | 54/58 | €90,993 | €1,104 | -€89,890 | -98.8% |
| Deferred charges and accrued income | 490/1 | €2,663 | €2,037 | -€626 | -23.5% |
| Total equity and liabilities | 10/49 | €242,972 | €225,052 | -€17,920 | -7.4% |
| Equity | 10/15 | €158,918 | €96,796 | -€62,122 | -39.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €130,626 | €68,504 | -€62,122 | -47.6% |
| Distributable reserves | 133 | €130,626 | €68,504 | -€62,122 | -47.6% |
| Profit (loss) carried forward | 14 | €27,292 | €27,292 | = | 0.0% |
| Amounts payable | 17/49 | €84,054 | €128,256 | +€44,202 | +52.6% |
| Amounts payable after more than one year | 17 | €58,200 | €38,967 | -€19,233 | -33.0% |
| Financial debts | 170/4 | €58,200 | €38,967 | -€19,233 | -33.0% |
| Amounts payable within one year | 42/48 | €25,767 | €89,289 | +€63,522 | +246.5% |
| Current portion of amounts payable after more than one year | 42 | €18,517 | €19,233 | +€716 | +3.9% |
| Trade debts | 44 | €2,654 | €76 | -€2,578 | -97.1% |
| Suppliers | 440/4 | €2,654 | €76 | -€2,578 | -97.1% |
| Taxes, remuneration and social security | 45 | €4,596 | €4,916 | +€320 | +7.0% |
| Taxes | 450/3 | €4,596 | €4,717 | +€121 | +2.6% |
| Remuneration and social security | 454/9 | - | €199 | +€199 | |
| Other amounts payable | 47/48 | - | €65,063 | +€65,063 | |
| Accrued charges and deferred income | 492/3 | €87 | €0 | -€87 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,835 | €36,387 | +€6,552 | +22.0% |
| Other operating charges | 640/8 | €528 | €1,500 | +€972 | +184.2% |
| Gross operating margin | 9900 | €55,232 | €63,377 | +€8,145 | +14.7% |
| Operating profit (loss) | 9901 | €24,869 | €25,490 | +€621 | +2.5% |
| Financial income | 75/76B | €567 | €2,076 | +€1,509 | +266.3% |
| Recurring financial income | 75 | €567 | €2,076 | +€1,509 | +266.3% |
| Financial charges | 65/66B | €3,349 | €2,691 | -€658 | -19.6% |
| Recurring financial charges | 65 | €3,349 | €2,691 | -€658 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €22,087 | €24,875 | +€2,788 | +12.6% |
| Income taxes | 67/77 | €6,874 | €7,897 | +€1,023 | +14.9% |
| Profit (loss) for the period | 9904 | €15,213 | €16,978 | +€1,765 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,213 | €16,978 | +€1,765 | +11.6% |
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 4 October 2026 via checked.be.