MARYLEEN: 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.
MARYLEEN
Largest movements
- Stocks and contracts +€47,007
up €47,007 (+37.3%), from €125,894 to €172,900
- Cash -€10,632
down €10,632 (-10.7%), from €99,048 to €88,416
mainly Stocks and contracts (-€47,007) and Current portion of long-term debt (-€15,739)
- Receivables within one year +€7,425
up €7,425 (+133%), from €5,570 to €12,995
of which Trade receivables: +€4,270
- Trade debts +€37,051
up €37,051 (+30.6%), from €121,071 to €158,122
- Current portion of long-term debt -€15,739
down €15,739 (-100%), from €15,739 to €0
- Other debts +€7,500
up €7,500 (+4,459%), from €168 to €7,668
- Reserves +€6,980
up €6,980 (+9.5%), from €73,599 to €80,579
of which Distributable reserves: +€6,980
- Tax, wage and social debts +€5,029
up €5,029 (+32.6%), from €15,440 to €20,469
of which Taxes: +€3,483
- Gross operating margin +€20,759
up €20,759 (+24.3%), from €85,416 to €106,176
- Staff costs +€17,062
up €17,062 (+31.6%), from €54,034 to €71,095
- Financial charges +€3,469
up €3,469 (+27.5%), from €12,618 to €16,088
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.
Derived cash bridge
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 | €244,934 | €285,429 | +€40,495 | +16.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,657 | €10,911 | -€1,746 | -13.8% |
| Tangible fixed assets | 22/27 | €7,364 | €5,628 | -€1,736 | -23.6% |
| Plant, machinery and equipment | 23 | €7,364 | €5,628 | -€1,736 | -23.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €5,292 | €5,282 | -€10 | -0.2% |
| Current assets | 29/58 | €232,277 | €274,518 | +€42,241 | +18.2% |
| Stocks and contracts in progress | 3 | €125,894 | €172,900 | +€47,007 | +37.3% |
| Stocks | 30/36 | €125,894 | €172,900 | +€47,007 | +37.3% |
| Amounts receivable within one year | 40/41 | €5,570 | €12,995 | +€7,425 | +133% |
| Trade receivables | 40 | - | €4,270 | +€4,270 | |
| Other amounts receivable | 41 | €5,570 | €8,726 | +€3,155 | +56.6% |
| Cash at bank and in hand | 54/58 | €99,048 | €88,416 | -€10,632 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,766 | €208 | -€1,558 | -88.2% |
| Total equity and liabilities | 10/49 | €244,934 | €285,429 | +€40,495 | +16.5% |
| Equity | 10/15 | €92,190 | €99,170 | +€6,980 | +7.6% |
| Contributions | 10/11 | €18,591 | €18,591 | = | 0.0% |
| Reserves | 13 | €73,599 | €80,579 | +€6,980 | +9.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,089 | €13,089 | = | 0.0% |
| Distributable reserves | 133 | €58,651 | €65,631 | +€6,980 | +11.9% |
| Amounts payable | 17/49 | €152,744 | €186,259 | +€33,515 | +21.9% |
| Amounts payable after more than one year | 17 | €326 | - | -€326 | |
| Financial debts | 170/4 | €326 | - | -€326 | |
| Amounts payable within one year | 42/48 | €152,418 | €186,259 | +€33,841 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €15,739 | €0 | -€15,739 | -100% |
| Trade debts | 44 | €121,071 | €158,122 | +€37,051 | +30.6% |
| Suppliers | 440/4 | €121,071 | €158,122 | +€37,051 | +30.6% |
| Taxes, remuneration and social security | 45 | €15,440 | €20,469 | +€5,029 | +32.6% |
| Taxes | 450/3 | €11,627 | €15,111 | +€3,483 | +30.0% |
| Remuneration and social security | 454/9 | €3,813 | €5,358 | +€1,546 | +40.5% |
| Other amounts payable | 47/48 | €168 | €7,668 | +€7,500 | +4,459% |
| Remuneration, social security and pensions | 62 | €54,034 | €71,095 | +€17,062 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,097 | €1,736 | -€361 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €6,651 | €7,122 | +€470 | +7.1% |
| Gross operating margin | 9900 | €85,416 | €106,176 | +€20,759 | +24.3% |
| Operating profit (loss) | 9901 | €22,634 | €26,223 | +€3,589 | +15.9% |
| Financial income | 75/76B | €38 | €15 | -€23 | -60.0% |
| Recurring financial income | 75 | €38 | €15 | -€23 | -60.0% |
| Financial charges | 65/66B | €12,618 | €16,088 | +€3,469 | +27.5% |
| Recurring financial charges | 65 | €12,618 | €16,088 | +€3,469 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €10,054 | €10,150 | +€97 | +1.0% |
| Income taxes | 67/77 | €3,089 | €3,170 | +€81 | +2.6% |
| Profit (loss) for the period | 9904 | €6,965 | €6,980 | +€15 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,965 | €6,980 | +€15 | +0.2% |
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 20 October 2026 via checked.be.