MARZANNE: 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.
MARZANNE
Largest movements
- Receivables within one year +€35,057
up €35,057 (+100.6%), from €34,845 to €69,902
of which Trade receivables: +€40,963
- Tangible fixed assets +€31,371
up €31,371 (+3.5%), from €900,623 to €931,994
of which Furniture and vehicles: +€30,705
- Other debts +€148,480
up €148,480 (+80.8%), from €183,874 to €332,353
- Profit (loss) carried forward -€91,344
down €91,344 (-63.1%), from -€144,723 to -€236,066
- Trade debts +€36,048
up €36,048 (+166.0%), from €21,714 to €57,762
- Debts after one year -€31,444
down €31,444 (-3.8%), from €832,281 to €800,836
- Other operating charges -€70,324
down €70,324 (-96.4%), from €72,946 to €2,622
- Financial charges +€19,957
up €19,957 (+160.0%), from €12,476 to €32,433
- Depreciation -€12,386
down €12,386 (-27.5%), from €45,028 to €32,642
- Gross operating margin -€9,374
down €9,374 (-65.7%), from -€14,273 to -€23,647
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 | €945,937 | €1,013,359 | +€67,422 | +7.1% |
| Fixed assets | 21/28 | €900,623 | €931,994 | +€31,371 | +3.5% |
| Tangible fixed assets | 22/27 | €900,623 | €931,994 | +€31,371 | +3.5% |
| Land and buildings | 22 | €872,739 | €857,740 | -€14,999 | -1.7% |
| Plant, machinery and equipment | 23 | €3,354 | €4,720 | +€1,366 | +40.7% |
| Furniture and vehicles | 24 | €24,530 | €55,236 | +€30,705 | +125.2% |
| Leasing and similar rights | 25 | - | €14,298 | +€14,298 | |
| Current assets | 29/58 | €45,314 | €81,366 | +€36,051 | +79.6% |
| Amounts receivable within one year | 40/41 | €34,845 | €69,902 | +€35,057 | +100.6% |
| Trade receivables | 40 | €28,304 | €69,267 | +€40,963 | +144.7% |
| Other amounts receivable | 41 | €6,540 | €635 | -€5,906 | -90.3% |
| Cash at bank and in hand | 54/58 | €10,470 | €11,464 | +€994 | +9.5% |
| Total equity and liabilities | 10/49 | €945,937 | €1,013,359 | +€67,422 | +7.1% |
| Equity | 10/15 | -€124,723 | -€216,066 | -€91,344 | -73.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,723 | -€236,066 | -€91,344 | -63.1% |
| Amounts payable | 17/49 | €1,070,660 | €1,229,426 | +€158,766 | +14.8% |
| Amounts payable after more than one year | 17 | €832,281 | €800,836 | -€31,444 | -3.8% |
| Financial debts | 170/4 | €832,281 | €800,836 | -€31,444 | -3.8% |
| Amounts payable within one year | 42/48 | €238,379 | €428,590 | +€190,210 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €30,313 | €36,064 | +€5,751 | +19.0% |
| Trade debts | 44 | €21,714 | €57,762 | +€36,048 | +166.0% |
| Suppliers | 440/4 | €21,714 | €57,762 | +€36,048 | +166.0% |
| Advances received on contracts in progress | 46 | €2,479 | €0 | -€2,479 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €2,411 | +€2,411 | |
| Taxes | 450/3 | - | €2,411 | +€2,411 | |
| Other amounts payable | 47/48 | €183,874 | €332,353 | +€148,480 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,028 | €32,642 | -€12,386 | -27.5% |
| Other operating charges | 640/8 | €72,946 | €2,622 | -€70,324 | -96.4% |
| Gross operating margin | 9900 | -€14,273 | -€23,647 | -€9,374 | -65.7% |
| Operating profit (loss) | 9901 | -€132,247 | -€58,911 | +€73,336 | +55.5% |
| Financial charges | 65/66B | €12,476 | €32,433 | +€19,957 | +160.0% |
| Recurring financial charges | 65 | €12,476 | €32,433 | +€19,957 | +160.0% |
| Profit (loss) for the period before taxes | 9903 | -€144,723 | -€91,344 | +€53,379 | +36.9% |
| Profit (loss) for the period | 9904 | -€144,723 | -€91,344 | +€53,379 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,723 | -€91,344 | +€53,379 | +36.9% |
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 6 October 2026 via checked.be.