MARSMANN: what changed
MARSMANN
Largest movements
- Receivables within one year +€14,073
up €14,073 (+124%), from €11,364 to €25,437
of which Trade receivables: +€10,697
- Cash -€8,604
down €8,604 (-7.4%), from €116,980 to €108,376
mainly Investment in fixed assets (net) (-€15,341) and Receivables within one year (-€14,073)
- Intangible fixed assets -€3,000
down €3,000 (-30.0%), from €10,000 to €7,000
- Tangible fixed assets +€2,933
up €2,933 (+8.4%), from €34,925 to €37,859
of which Plant, machinery and equipment: +€4,385
- Debts after one year +€3,633
up €3,633 (+66.0%), from €5,500 to €9,132
- Profit (loss) carried forward +€2,685
up €2,685 (+1.8%), from €145,966 to €148,650
- Tax, wage and social debts -€2,185
down €2,185 (-46.2%), from €4,735 to €2,550
of which Taxes: -€2,185
- Current portion of long-term debt +€1,874
up €1,874 (+66.1%), from €2,833 to €4,707
- Gross operating margin -€20,999
down €20,999 (-50.5%), from €41,579 to €20,580
- Taxes -€3,535
down €3,535 (-68.5%), from €5,160 to €1,624
- Financial income +€761
up €761 (+3,696%), from €21 to €782
- Depreciation -€425
down €425 (-2.7%), from €15,833 to €15,408
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 | €173,419 | €178,821 | +€5,402 | +3.1% |
| Fixed assets | 21/28 | €45,075 | €45,009 | -€67 | -0.1% |
| Intangible fixed assets | 21 | €10,000 | €7,000 | -€3,000 | -30.0% |
| Tangible fixed assets | 22/27 | €34,925 | €37,859 | +€2,933 | +8.4% |
| Land and buildings | 22 | €14,148 | €12,696 | -€1,452 | -10.3% |
| Plant, machinery and equipment | 23 | €20,777 | €25,162 | +€4,385 | +21.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €128,344 | €133,813 | +€5,469 | +4.3% |
| Amounts receivable within one year | 40/41 | €11,364 | €25,437 | +€14,073 | +124% |
| Trade receivables | 40 | €11,364 | €22,061 | +€10,697 | +94.1% |
| Other amounts receivable | 41 | - | €3,376 | +€3,376 | |
| Cash at bank and in hand | 54/58 | €116,980 | €108,376 | -€8,604 | -7.4% |
| Total equity and liabilities | 10/49 | €173,419 | €178,821 | +€5,402 | +3.1% |
| Equity | 10/15 | €154,026 | €156,710 | +€2,685 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,966 | €148,650 | +€2,685 | +1.8% |
| Amounts payable | 17/49 | €19,393 | €22,111 | +€2,718 | +14.0% |
| Amounts payable after more than one year | 17 | €5,500 | €9,132 | +€3,633 | +66.0% |
| Financial debts | 170/4 | €5,500 | €9,132 | +€3,633 | +66.0% |
| Amounts payable within one year | 42/48 | €13,893 | €12,979 | -€915 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €2,833 | €4,707 | +€1,874 | +66.1% |
| Trade debts | 44 | €1,460 | €1,534 | +€75 | +5.1% |
| Suppliers | 440/4 | €1,460 | €1,534 | +€75 | +5.1% |
| Taxes, remuneration and social security | 45 | €4,735 | €2,550 | -€2,185 | -46.2% |
| Taxes | 450/3 | €2,835 | €650 | -€2,185 | -77.1% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €4,865 | €4,187 | -€678 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,833 | €15,408 | -€425 | -2.7% |
| Other operating charges | 640/8 | €1,162 | €872 | -€290 | -25.0% |
| Gross operating margin | 9900 | €41,579 | €20,580 | -€20,999 | -50.5% |
| Operating profit (loss) | 9901 | €24,584 | €4,300 | -€20,283 | -82.5% |
| Financial income | 75/76B | €21 | €782 | +€761 | +3,696% |
| Recurring financial income | 75 | €21 | €782 | +€761 | +3,696% |
| Financial charges | 65/66B | €914 | €773 | -€141 | -15.4% |
| Recurring financial charges | 65 | €914 | €773 | -€141 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €23,690 | €4,309 | -€19,381 | -81.8% |
| Income taxes | 67/77 | €5,160 | €1,624 | -€3,535 | -68.5% |
| Profit (loss) for the period | 9904 | €18,531 | €2,685 | -€15,846 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,531 | €2,685 | -€15,846 | -85.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.