MARSONICO: 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.
MARSONICO
Largest movements
- Current investments -€840,628
down €840,628 (-82.7%), from €1.0m to €175,725
- Short-term financial debts -€550,000
no longer reported in 2026 (was €550,000)
- Profit (loss) carried forward -€503,315
down €503,315 (-40.1%), from €1.3m to €750,407
- Debts after one year +€200,000
up €200,000 (+114.3%), from €175,000 to €375,000
- Financial income +€80,644
up €80,644 (+497.3%), from €16,216 to €96,859
of which Non-recurring financial income: +€86,114
- Gross operating margin -€1,432
down €1,432 (-3.4%), from -€42,144 to -€43,576
- Financial charges +€831
up €831 (+4.1%), from €20,142 to €20,973
- Depreciation +€627
up €627 (+1.9%), from €32,239 to €32,866
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,624 | €1,179,481 | -€834,143 | -41.4% |
| Fixed assets | 21/28 | €948,190 | €958,385 | +€10,195 | +1.1% |
| Tangible fixed assets | 22/27 | €948,190 | €958,385 | +€10,195 | +1.1% |
| Land and buildings | 22 | €929,646 | €946,492 | +€16,846 | +1.8% |
| Furniture and vehicles | 24 | €18,544 | €11,893 | -€6,651 | -35.9% |
| Current assets | 29/58 | €1,065,434 | €221,096 | -€844,338 | -79.2% |
| Amounts receivable within one year | 40/41 | €5,184 | €3,208 | -€1,976 | -38.1% |
| Other amounts receivable | 41 | €5,184 | €3,208 | -€1,976 | -38.1% |
| Current investments | 50/53 | €1,016,353 | €175,725 | -€840,628 | -82.7% |
| Cash at bank and in hand | 54/58 | €41,863 | €39,907 | -€1,956 | -4.7% |
| Deferred charges and accrued income | 490/1 | €2,034 | €2,256 | +€222 | +10.9% |
| Total equity and liabilities | 10/49 | €2,013,624 | €1,179,481 | -€834,143 | -41.4% |
| Equity | 10/15 | €1,274,268 | €770,952 | -€503,315 | -39.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,946 | €1,946 | = | 0.0% |
| Tax-exempt reserves | 132 | €86 | €86 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,253,722 | €750,407 | -€503,315 | -40.1% |
| Amounts payable | 17/49 | €739,356 | €408,529 | -€330,828 | -44.7% |
| Amounts payable after more than one year | 17 | €175,000 | €375,000 | +€200,000 | +114.3% |
| Financial debts | 170/4 | €175,000 | €375,000 | +€200,000 | +114.3% |
| Amounts payable within one year | 42/48 | €560,605 | €27,311 | -€533,294 | -95.1% |
| Current portion of amounts payable after more than one year | 42 | €270 | - | -€270 | |
| Financial debts | 43 | €550,000 | - | -€550,000 | |
| Credit institutions | 430/8 | €550,000 | - | -€550,000 | |
| Trade debts | 44 | €9,498 | €10,461 | +€964 | +10.1% |
| Suppliers | 440/4 | €9,498 | €10,461 | +€964 | +10.1% |
| Other amounts payable | 47/48 | €838 | €16,850 | +€16,012 | +1911.5% |
| Accrued charges and deferred income | 492/3 | €3,751 | €6,218 | +€2,466 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,239 | €32,866 | +€627 | +1.9% |
| Other operating charges | 640/8 | €2,180 | €2,505 | +€325 | +14.9% |
| Gross operating margin | 9900 | -€42,144 | -€43,576 | -€1,432 | -3.4% |
| Operating profit (loss) | 9901 | -€76,563 | -€78,948 | -€2,385 | -3.1% |
| Financial income | 75/76B | €16,216 | €96,859 | +€80,644 | +497.3% |
| Recurring financial income | 75 | €16,216 | €10,746 | -€5,470 | -33.7% |
| Non-recurring financial income | 76B | - | €86,114 | +€86,114 | |
| Financial charges | 65/66B | €20,142 | €20,973 | +€831 | +4.1% |
| Recurring financial charges | 65 | €20,142 | €20,973 | +€831 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€80,489 | -€3,061 | +€77,428 | +96.2% |
| Income taxes | 67/77 | €241 | €254 | +€13 | +5.4% |
| Profit (loss) for the period | 9904 | -€80,730 | -€3,315 | +€77,415 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,730 | -€3,315 | +€77,415 | +95.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.