MARSMAN: 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.
MARSMAN
Largest movements
- Cash +€12,096
up €12,096 (+75.4%), from €16,052 to €28,148
mainly Trade debts (+€8,678) and Depreciation (+€5,604)
- Tangible fixed assets -€5,604
down €5,604 (-2.6%), from €215,939 to €210,335
- Other debts -€9,854
down €9,854 (-66.4%), from €14,837 to €4,983
- Trade debts +€8,678
up €8,678 (+22366.8%), from €39 to €8,717
- Profit (loss) carried forward +€4,475
up €4,475 (+4.0%), from -€112,885 to -€108,409
- Other operating charges -€234
down €234 (-31.3%), from €746 to €513
- Gross operating margin -€221
down €221 (-2.0%), from €10,976 to €10,755
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 | €297,355 | €301,000 | +€3,644 | +1.2% |
| Fixed assets | 21/28 | €215,939 | €210,335 | -€5,604 | -2.6% |
| Tangible fixed assets | 22/27 | €215,939 | €210,335 | -€5,604 | -2.6% |
| Land and buildings | 22 | €215,939 | €210,335 | -€5,604 | -2.6% |
| Current assets | 29/58 | €81,416 | €90,664 | +€9,248 | +11.4% |
| Amounts receivable within one year | 40/41 | €63,316 | €60,376 | -€2,940 | -4.6% |
| Trade receivables | 40 | €63,316 | €60,113 | -€3,203 | -5.1% |
| Other amounts receivable | 41 | - | €263 | +€263 | |
| Cash at bank and in hand | 54/58 | €16,052 | €28,148 | +€12,096 | +75.4% |
| Deferred charges and accrued income | 490/1 | €2,048 | €2,140 | +€92 | +4.5% |
| Total equity and liabilities | 10/49 | €297,355 | €301,000 | +€3,644 | +1.2% |
| Equity | 10/15 | €13,203 | €17,678 | +€4,475 | +33.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €104,088 | €104,088 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,885 | -€108,409 | +€4,475 | +4.0% |
| Amounts payable | 17/49 | €284,152 | €283,321 | -€831 | -0.3% |
| Amounts payable after more than one year | 17 | €268,726 | €268,726 | = | 0.0% |
| Other amounts payable | 178/9 | €268,726 | €268,726 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,173 | €14,395 | -€778 | -5.1% |
| Trade debts | 44 | €39 | €8,717 | +€8,678 | +22366.8% |
| Suppliers | 440/4 | €39 | €8,717 | +€8,678 | +22366.8% |
| Taxes, remuneration and social security | 45 | €297 | €694 | +€397 | +133.8% |
| Taxes | 450/3 | €297 | €694 | +€397 | +133.8% |
| Other amounts payable | 47/48 | €14,837 | €4,983 | -€9,854 | -66.4% |
| Accrued charges and deferred income | 492/3 | €253 | €200 | -€53 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,604 | €5,604 | = | 0.0% |
| Other operating charges | 640/8 | €746 | €513 | -€234 | -31.3% |
| Gross operating margin | 9900 | €10,976 | €10,755 | -€221 | -2.0% |
| Operating profit (loss) | 9901 | €4,626 | €4,639 | +€13 | +0.3% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +1.6% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €4,572 | €4,584 | +€12 | +0.3% |
| Income taxes | 67/77 | - | €109 | +€109 | |
| Profit (loss) for the period | 9904 | €4,572 | €4,475 | -€97 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,572 | €4,475 | -€97 | -2.1% |
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 5 October 2026 via checked.be.