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 +€15,517
up €15,517 (+2.4%), from €642,483 to €658,000
mainly Net result for the year (+€10,759) and Depreciation (+€7,244)
- Profit (loss) carried forward +€10,759
up €10,759 (+2.8%), from €377,554 to €388,314
- Gross operating margin -€280,631
down €280,631 (-94.6%), from €296,659 to €16,028
- Other operating charges -€3,534
down €3,534 (-49.6%), from €7,125 to €3,591
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 | €739,376 | €748,603 | +€9,227 | +1.2% |
| Fixed assets | 21/28 | €92,128 | €84,884 | -€7,244 | -7.9% |
| Tangible fixed assets | 22/27 | €92,128 | €84,884 | -€7,244 | -7.9% |
| Land and buildings | 22 | €92,128 | €84,884 | -€7,244 | -7.9% |
| Current assets | 29/58 | €647,248 | €663,718 | +€16,470 | +2.5% |
| Amounts receivable within one year | 40/41 | €3,424 | €4,366 | +€942 | +27.5% |
| Other amounts receivable | 41 | €3,424 | €4,366 | +€942 | +27.5% |
| Cash at bank and in hand | 54/58 | €642,483 | €658,000 | +€15,517 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,352 | +€11 | +0.9% |
| Total equity and liabilities | 10/49 | €739,376 | €748,603 | +€9,227 | +1.2% |
| Equity | 10/15 | €663,874 | €674,633 | +€10,759 | +1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €224,320 | €224,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €218,120 | €218,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,554 | €388,314 | +€10,759 | +2.8% |
| Provisions and deferred taxes | 16 | €72,707 | €72,707 | = | 0.0% |
| Deferred taxes | 168 | €72,707 | €72,707 | = | 0.0% |
| Amounts payable | 17/49 | €2,795 | €1,263 | -€1,533 | -54.8% |
| Amounts payable within one year | 42/48 | €1,355 | €1,263 | -€93 | -6.8% |
| Financial debts | 43 | - | €320 | +€320 | |
| Credit institutions | 430/8 | - | €320 | +€320 | |
| Trade debts | 44 | €1,355 | €943 | -€413 | -30.4% |
| Suppliers | 440/4 | €1,355 | €943 | -€413 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,440 | - | -€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,929 | €7,244 | +€314 | +4.5% |
| Other operating charges | 640/8 | €7,125 | €3,591 | -€3,534 | -49.6% |
| Gross operating margin | 9900 | €296,659 | €16,028 | -€280,631 | -94.6% |
| Operating profit (loss) | 9901 | €282,605 | €5,194 | -€277,411 | -98.2% |
| Financial income | 75/76B | €6,294 | €8,635 | +€2,341 | +37.2% |
| Recurring financial income | 75 | €6,294 | €8,635 | +€2,341 | +37.2% |
| Financial charges | 65/66B | €1,836 | €482 | -€1,353 | -73.7% |
| Recurring financial charges | 65 | €1,836 | €482 | -€1,353 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €287,063 | €13,347 | -€273,717 | -95.4% |
| Transfer to deferred taxes | 680 | €72,707 | - | -€72,707 | |
| Income taxes | 67/77 | €1,888 | €2,587 | +€699 | +37.0% |
| Profit (loss) for the period | 9904 | €212,469 | €10,759 | -€201,709 | -94.9% |
| Transfer to tax-exempt reserves | 689 | €218,120 | - | -€218,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,651 | €10,759 | +€16,410 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.