Marsjandies: what changed
Marsjandies
Largest movements
- Cash +€40,466
up €40,466 (+57.3%), from €70,608 to €111,074
mainly Net result for the year (+€42,802) and Tax, wage and social debts (+€8,404)
- Receivables within one year +€9,915
up €9,915 (+56.4%), from €17,590 to €27,504
of which Trade receivables: +€9,915
- Tangible fixed assets -€2,217
down €2,217 (-39.6%), from €5,598 to €3,380
of which Furniture and vehicles: -€1,739
- Reserves +€42,802
up €42,802 (+214%), from €20,000 to €62,802
- Tax, wage and social debts +€8,404
up €8,404 (+43.2%), from €19,475 to €27,879
of which Taxes: +€10,020
- Trade debts -€1,503
down €1,503 (-12.8%), from €11,740 to €10,237
- Gross operating margin +€22,330
up €22,330 (+49.6%), from €45,051 to €67,381
- Taxes +€6,956
up €6,956 (+49.9%), from €13,949 to €20,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,757 | €148,422 | +€49,665 | +50.3% |
| Fixed assets | 21/28 | €6,148 | €4,750 | -€1,397 | -22.7% |
| Tangible fixed assets | 22/27 | €5,598 | €3,380 | -€2,217 | -39.6% |
| Plant, machinery and equipment | 23 | €1,673 | €1,195 | -€478 | -28.6% |
| Furniture and vehicles | 24 | €3,925 | €2,185 | -€1,739 | -44.3% |
| Financial fixed assets | 28 | €550 | €1,370 | +€820 | +149% |
| Current assets | 29/58 | €92,609 | €143,672 | +€51,062 | +55.1% |
| Stocks and contracts in progress | 3 | €2,476 | €3,416 | +€940 | +38.0% |
| Stocks | 30/36 | €2,476 | €3,416 | +€940 | +38.0% |
| Amounts receivable within one year | 40/41 | €17,590 | €27,504 | +€9,915 | +56.4% |
| Trade receivables | 40 | €17,590 | €27,504 | +€9,915 | +56.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €70,608 | €111,074 | +€40,466 | +57.3% |
| Deferred charges and accrued income | 490/1 | €1,936 | €1,678 | -€259 | -13.4% |
| Total equity and liabilities | 10/49 | €98,757 | €148,422 | +€49,665 | +50.3% |
| Equity | 10/15 | €64,772 | €107,575 | +€42,802 | +66.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €62,802 | +€42,802 | +214% |
| Distributable reserves | 133 | €20,000 | €62,802 | +€42,802 | +214% |
| Profit (loss) carried forward | 14 | €38,772 | €38,772 | = | 0.0% |
| Amounts payable | 17/49 | €33,985 | €40,847 | +€6,863 | +20.2% |
| Amounts payable within one year | 42/48 | €33,085 | €40,847 | +€7,763 | +23.5% |
| Trade debts | 44 | €11,740 | €10,237 | -€1,503 | -12.8% |
| Suppliers | 440/4 | €11,740 | €10,237 | -€1,503 | -12.8% |
| Taxes, remuneration and social security | 45 | €19,475 | €27,879 | +€8,404 | +43.2% |
| Taxes | 450/3 | €17,860 | €27,879 | +€10,020 | +56.1% |
| Remuneration and social security | 454/9 | €1,616 | €0 | -€1,616 | -100% |
| Other amounts payable | 47/48 | €1,870 | €2,731 | +€862 | +46.1% |
| Accrued charges and deferred income | 492/3 | €900 | €0 | -€900 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,905 | €2,217 | +€313 | +16.4% |
| Other operating charges | 640/8 | €1,089 | €1,075 | -€14 | -1.3% |
| Gross operating margin | 9900 | €45,051 | €67,381 | +€22,330 | +49.6% |
| Operating profit (loss) | 9901 | €42,057 | €64,088 | +€22,031 | +52.4% |
| Financial income | 75/76B | €23 | €40 | +€18 | +78.6% |
| Recurring financial income | 75 | €23 | €40 | +€18 | +78.6% |
| Financial charges | 65/66B | €659 | €421 | -€238 | -36.1% |
| Recurring financial charges | 65 | €659 | €421 | -€238 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €41,421 | €63,707 | +€22,286 | +53.8% |
| Income taxes | 67/77 | €13,949 | €20,905 | +€6,956 | +49.9% |
| Profit (loss) for the period | 9904 | €27,472 | €42,802 | +€15,331 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,472 | €42,802 | +€15,331 | +55.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.