SA-MARIE: 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.
SA-MARIE
Largest movements
- Cash +€82,959
new in 2025: €82,959
mainly Net result for the year (+€86,865) and Deferred charges and accrued income (+€72,567)
- Deferred charges and accrued income -€72,567
no longer reported in 2025 (was €72,567)
- Receivables within one year -€16,335
no longer reported in 2025 (was €16,335)
- Reserves +€86,000
up €86,000 (+40.8%), from €210,860 to €296,860
- Debts after one year -€49,500
down €49,500 (-25.0%), from €198,000 to €148,500
- Other debts -€42,037
down €42,037 (-91.8%), from €45,781 to €3,743
- Gross operating margin +€32,705
up €32,705 (+32.3%), from €101,288 to €133,992
- Taxes +€10,412
up €10,412 (+33.4%), from €31,206 to €41,618
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 | €1,080,071 | €1,075,390 | -€4,682 | -0.4% |
| Fixed assets | 21/28 | €991,170 | €992,431 | +€1,261 | +0.1% |
| Tangible fixed assets | 22/27 | €1,170 | €2,431 | +€1,261 | +108% |
| Plant, machinery and equipment | 23 | €1,170 | €2,431 | +€1,261 | +108% |
| Financial fixed assets | 28 | €990,000 | €990,000 | = | 0.0% |
| Current assets | 29/58 | €88,902 | €82,959 | -€5,943 | -6.7% |
| Amounts receivable within one year | 40/41 | €16,335 | - | -€16,335 | |
| Trade receivables | 40 | €16,335 | - | -€16,335 | |
| Cash at bank and in hand | 54/58 | - | €82,959 | +€82,959 | |
| Deferred charges and accrued income | 490/1 | €72,567 | - | -€72,567 | |
| Total equity and liabilities | 10/49 | €1,080,071 | €1,075,390 | -€4,682 | -0.4% |
| Equity | 10/15 | €755,518 | €842,383 | +€86,865 | +11.5% |
| Contributions | 10/11 | €507,400 | €507,400 | = | 0.0% |
| Reserves | 13 | €210,860 | €296,860 | +€86,000 | +40.8% |
| Distributable reserves | 133 | €210,860 | €296,860 | +€86,000 | +40.8% |
| Profit (loss) carried forward | 14 | €37,258 | €38,123 | +€865 | +2.3% |
| Amounts payable | 17/49 | €324,553 | €233,006 | -€91,547 | -28.2% |
| Amounts payable after more than one year | 17 | €198,000 | €148,500 | -€49,500 | -25.0% |
| Financial debts | 170/4 | €198,000 | €148,500 | -€49,500 | -25.0% |
| Amounts payable within one year | 42/48 | €125,440 | €84,506 | -€40,933 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €49,500 | €49,500 | = | 0.0% |
| Trade debts | 44 | €9,073 | €8,734 | -€339 | -3.7% |
| Suppliers | 440/4 | €9,073 | €8,734 | -€339 | -3.7% |
| Taxes, remuneration and social security | 45 | €21,086 | €22,529 | +€1,443 | +6.8% |
| Taxes | 450/3 | €17,836 | €19,279 | +€1,443 | +8.1% |
| Remuneration and social security | 454/9 | €3,250 | €3,250 | = | 0.0% |
| Other amounts payable | 47/48 | €45,781 | €3,743 | -€42,037 | -91.8% |
| Accrued charges and deferred income | 492/3 | €1,114 | - | -€1,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €497 | +€427 | +610% |
| Other operating charges | 640/8 | €2,204 | €1,864 | -€340 | -15.4% |
| Gross operating margin | 9900 | €101,288 | €133,992 | +€32,705 | +32.3% |
| Operating profit (loss) | 9901 | €99,014 | €131,631 | +€32,617 | +32.9% |
| Financial income | 75/76B | €1,263 | - | -€1,263 | |
| Recurring financial income | 75 | €1,263 | - | -€1,263 | |
| Financial charges | 65/66B | €3,817 | €3,148 | -€670 | -17.5% |
| Recurring financial charges | 65 | €3,817 | €3,148 | -€670 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €96,460 | €128,484 | +€32,024 | +33.2% |
| Income taxes | 67/77 | €31,206 | €41,618 | +€10,412 | +33.4% |
| Profit (loss) for the period | 9904 | €65,254 | €86,865 | +€21,612 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,254 | €86,865 | +€21,612 | +33.1% |
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 27 October 2026 via checked.be.