Mary: 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.
Mary
Largest movements
- Cash -€432,025
down €432,025 (-39.1%), from €1.1m to €671,606
mainly Other debts (-€605,000) and Contributions, distributions and other (-€402,254)
- Tangible fixed assets -€153,564
down €153,564 (-11.6%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€95,531
- Receivables within one year +€88,561
up €88,561 (+59.7%), from €148,395 to €236,955
of which Trade receivables: +€70,668
- Other debts -€605,000
down €605,000 (-61.4%), from €985,000 to €380,000
- Trade debts +€162,122
up €162,122 (+61.8%), from €262,364 to €424,485
- Debts after one year -€120,063
down €120,063 (-19.5%), from €616,084 to €496,021
of which Financial debts: -€120,063
- Tax, wage and social debts +€41,646
up €41,646 (+83.4%), from €49,963 to €91,609
of which Remuneration and social security: +€35,701
- Gross operating margin -€704,679
down €704,679 (-31.6%), from €2.2m to €1.5m
- Staff costs -€85,835
down €85,835 (-9.3%), from €922,082 to €836,247
- Depreciation -€24,290
down €24,290 (-10.6%), from €229,300 to €205,010
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 | €3,106,263 | €2,573,746 | -€532,517 | -17.1% |
| Fixed assets | 21/28 | €1,378,913 | €1,222,286 | -€156,627 | -11.4% |
| Intangible fixed assets | 21 | €51,004 | €47,941 | -€3,063 | -6.0% |
| Tangible fixed assets | 22/27 | €1,327,859 | €1,174,295 | -€153,564 | -11.6% |
| Plant, machinery and equipment | 23 | €414,339 | €318,808 | -€95,531 | -23.1% |
| Furniture and vehicles | 24 | €34,249 | €25,843 | -€8,406 | -24.5% |
| Leasing and similar rights | 25 | €879,271 | €829,644 | -€49,627 | -5.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,727,350 | €1,351,460 | -€375,890 | -21.8% |
| Stocks and contracts in progress | 3 | €445,938 | €417,776 | -€28,161 | -6.3% |
| Stocks | 30/36 | €445,938 | €417,776 | -€28,161 | -6.3% |
| Amounts receivable within one year | 40/41 | €148,395 | €236,955 | +€88,561 | +59.7% |
| Trade receivables | 40 | €128,538 | €199,206 | +€70,668 | +55.0% |
| Other amounts receivable | 41 | €19,856 | €37,749 | +€17,893 | +90.1% |
| Cash at bank and in hand | 54/58 | €1,103,631 | €671,606 | -€432,025 | -39.1% |
| Deferred charges and accrued income | 490/1 | €29,386 | €25,122 | -€4,264 | -14.5% |
| Total equity and liabilities | 10/49 | €3,106,263 | €2,573,746 | -€532,517 | -17.1% |
| Equity | 10/15 | €1,066,910 | €1,045,568 | -€21,342 | -2.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €510,448 | €511,360 | +€912 | +0.2% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €470,448 | €471,360 | +€912 | +0.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €156,462 | €134,208 | -€22,254 | -14.2% |
| Amounts payable | 17/49 | €2,039,353 | €1,528,178 | -€511,175 | -25.1% |
| Amounts payable after more than one year | 17 | €616,084 | €496,021 | -€120,063 | -19.5% |
| Financial debts | 170/4 | €216,084 | €96,021 | -€120,063 | -55.6% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,415,269 | €1,016,158 | -€399,111 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €117,943 | €120,063 | +€2,120 | +1.8% |
| Trade debts | 44 | €262,364 | €424,485 | +€162,122 | +61.8% |
| Suppliers | 440/4 | €262,364 | €424,485 | +€162,122 | +61.8% |
| Taxes, remuneration and social security | 45 | €49,963 | €91,609 | +€41,646 | +83.4% |
| Taxes | 450/3 | €4,379 | €10,324 | +€5,945 | +135.8% |
| Remuneration and social security | 454/9 | €45,584 | €81,285 | +€35,701 | +78.3% |
| Other amounts payable | 47/48 | €985,000 | €380,000 | -€605,000 | -61.4% |
| Accrued charges and deferred income | 492/3 | €8,000 | €16,000 | +€8,000 | +100.0% |
| Non-recurring operating income | 76A | €1,000 | €1,818 | +€818 | +81.8% |
| Remuneration, social security and pensions | 62 | €922,082 | €836,247 | -€85,835 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,300 | €205,010 | -€24,290 | -10.6% |
| Other operating charges | 640/8 | €43,684 | €41,965 | -€1,718 | -3.9% |
| Non-recurring operating charges | 66A | €6,768 | €0 | -€6,768 | -100.0% |
| Gross operating margin | 9900 | €2,229,410 | €1,524,731 | -€704,679 | -31.6% |
| Operating profit (loss) | 9901 | €1,027,577 | €441,509 | -€586,068 | -57.0% |
| Financial income | 75/76B | €43,817 | €22,801 | -€21,016 | -48.0% |
| Recurring financial income | 75 | €43,817 | €22,801 | -€21,016 | -48.0% |
| Financial charges | 65/66B | €55,140 | €63,074 | +€7,934 | +14.4% |
| Recurring financial charges | 65 | €55,140 | €63,074 | +€7,934 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €1,016,254 | €401,237 | -€615,018 | -60.5% |
| Income taxes | 67/77 | €15,861 | €20,324 | +€4,463 | +28.1% |
| Profit (loss) for the period | 9904 | €1,000,393 | €380,912 | -€619,481 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000,393 | €380,912 | -€619,481 | -61.9% |
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 29 September 2026 via checked.be.