MARSGARPINE: 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.
MARSGARPINE
Largest movements
- Tangible fixed assets -€3,213
down €3,213 (-1.7%), from €194,731 to €191,518
- Profit (loss) carried forward -€2,926
down €2,926 (-8.1%), from -€36,114 to -€39,040
- Depreciation -€2,348
down €2,348 (-42.2%), from €5,561 to €3,213
- Financial charges +€690
up €690 (+53.9%), from €1,282 to €1,972
- Financial income +€200
up €200 (+23.7%), from €844 to €1,045
- Gross operating margin +€63
up €63 (+5.5%), from €1,152 to €1,215
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 | €211,655 | €210,306 | -€1,349 | -0.6% |
| Fixed assets | 21/28 | €194,731 | €191,518 | -€3,213 | -1.7% |
| Tangible fixed assets | 22/27 | €194,731 | €191,518 | -€3,213 | -1.7% |
| Land and buildings | 22 | €194,731 | €191,518 | -€3,213 | -1.7% |
| Current assets | 29/58 | €16,924 | €18,789 | +€1,864 | +11.0% |
| Amounts receivable within one year | 40/41 | €16,842 | €18,725 | +€1,883 | +11.2% |
| Other amounts receivable | 41 | €16,842 | €18,725 | +€1,883 | +11.2% |
| Cash at bank and in hand | 54/58 | €82 | €63 | -€19 | -22.9% |
| Total equity and liabilities | 10/49 | €211,655 | €210,306 | -€1,349 | -0.6% |
| Equity | 10/15 | €159,103 | €156,178 | -€2,926 | -1.8% |
| Contributions | 10/11 | €192,117 | €192,117 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,114 | -€39,040 | -€2,926 | -8.1% |
| Amounts payable | 17/49 | €52,552 | €54,129 | +€1,577 | +3.0% |
| Amounts payable within one year | 42/48 | €52,552 | €54,129 | +€1,577 | +3.0% |
| Other amounts payable | 47/48 | €52,552 | €54,129 | +€1,577 | +3.0% |
| Non-recurring operating income | 76A | €1,152 | - | -€1,152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,561 | €3,213 | -€2,348 | -42.2% |
| Gross operating margin | 9900 | €1,152 | €1,215 | +€63 | +5.5% |
| Operating profit (loss) | 9901 | -€4,409 | -€1,998 | +€2,411 | +54.7% |
| Financial income | 75/76B | €844 | €1,045 | +€200 | +23.7% |
| Recurring financial income | 75 | €844 | €1,045 | +€200 | +23.7% |
| Financial charges | 65/66B | €1,282 | €1,972 | +€690 | +53.9% |
| Recurring financial charges | 65 | €1,282 | €1,972 | +€690 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,847 | -€2,926 | +€1,921 | +39.6% |
| Profit (loss) for the period | 9904 | -€4,847 | -€2,926 | +€1,921 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,847 | -€2,926 | +€1,921 | +39.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.