MARY: what changed
Two financial 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
- Tangible fixed assets -€17,337
down €17,337 (-7.9%), from €219,578 to €202,241
of which Land and buildings: -€17,125
- Cash -€10,099
down €10,099 (-24.7%), from €40,837 to €30,738
mainly Net result for the year (-€21,512) and Trade debts (-€2,489)
- Reserves -€21,512
down €21,512 (-11.0%), from €196,065 to €174,553
of which Distributable reserves: -€21,512
- Gross operating margin -€30,694
down €30,694, from €28,688 to -€2,006
- Taxes -€3,496
down €3,496, from €2,450 to -€1,046
- Depreciation +€561
up €561 (+3.3%), from €16,776 to €17,337
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 | €263,977 | €238,542 | -€25,435 | -9.6% |
| Fixed assets | 21/28 | €219,578 | €202,241 | -€17,337 | -7.9% |
| Tangible fixed assets | 22/27 | €219,578 | €202,241 | -€17,337 | -7.9% |
| Land and buildings | 22 | €209,528 | €192,403 | -€17,125 | -8.2% |
| Furniture and vehicles | 24 | €383 | €170 | -€212 | -55.5% |
| Other tangible fixed assets | 26 | €9,668 | €9,668 | = | 0.0% |
| Current assets | 29/58 | €44,399 | €36,301 | -€8,098 | -18.2% |
| Amounts receivable within one year | 40/41 | €0 | €346 | +€346 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €346 | +€346 | |
| Cash at bank and in hand | 54/58 | €40,837 | €30,738 | -€10,099 | -24.7% |
| Deferred charges and accrued income | 490/1 | €3,562 | €5,217 | +€1,655 | +46.5% |
| Total equity and liabilities | 10/49 | €263,977 | €238,542 | -€25,435 | -9.6% |
| Equity | 10/15 | €257,565 | €236,053 | -€21,512 | -8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €196,065 | €174,553 | -€21,512 | -11.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €603 | €603 | = | 0.0% |
| Distributable reserves | 133 | €189,312 | €167,800 | -€21,512 | -11.4% |
| Amounts payable | 17/49 | €6,412 | €2,489 | -€3,923 | -61.2% |
| Amounts payable within one year | 42/48 | €6,412 | €2,489 | -€3,923 | -61.2% |
| Trade debts | 44 | €2,489 | €0 | -€2,489 | -100.0% |
| Suppliers | 440/4 | €2,489 | €0 | -€2,489 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,123 | €0 | -€2,123 | -100.0% |
| Taxes | 450/3 | €2,123 | €0 | -€2,123 | -100.0% |
| Other amounts payable | 47/48 | €1,800 | €2,489 | +€689 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,776 | €17,337 | +€561 | +3.3% |
| Other operating charges | 640/8 | €3,098 | €3,161 | +€63 | +2.0% |
| Gross operating margin | 9900 | €28,688 | -€2,006 | -€30,694 | |
| Operating profit (loss) | 9901 | €8,814 | -€22,504 | -€31,318 | |
| Financial charges | 65/66B | €133 | €54 | -€79 | -59.5% |
| Recurring financial charges | 65 | €133 | €54 | -€79 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €8,680 | -€22,558 | -€31,238 | |
| Income taxes | 67/77 | €2,450 | -€1,046 | -€3,496 | |
| Profit (loss) for the period | 9904 | €6,230 | -€21,512 | -€27,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,230 | -€21,512 | -€27,743 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.