MARMIC: 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.
MARMIC
Largest movements
- Financial fixed assets +€239,802
up €239,802 (+19.1%), from €1.3m to €1.5m
- Cash -€25,397
down €25,397 (-33.9%), from €74,977 to €49,580
mainly Contributions, distributions and other (-€250,000) and Investment in fixed assets (net) (-€239,802)
- Reserves +€282,136
up €282,136 (+51.9%), from €543,616 to €825,753
- Trade debts +€82,065
up €82,065 (+8,331%), from €985 to €83,050
- Debts after one year -€75,358
down €75,358 (-20.4%), from €369,523 to €294,164
- Tax, wage and social debts -€44,570
down €44,570 (-56.7%), from €78,663 to €34,094
- Other debts -€19,852
down €19,852 (-8.3%), from €238,591 to €218,739
- Financial income +€450,000
new in 2025: €450,000
- Gross operating margin -€161,783
down €161,783 (-64.6%), from €250,250 to €88,467
- Taxes -€64,094
down €64,094 (-100%), from €64,094 to €0
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 | €1,356,174 | €1,581,158 | +€224,984 | +16.6% |
| Fixed assets | 21/28 | €1,255,000 | €1,494,802 | +€239,802 | +19.1% |
| Financial fixed assets | 28 | €1,255,000 | €1,494,802 | +€239,802 | +19.1% |
| Current assets | 29/58 | €101,174 | €86,356 | -€14,817 | -14.6% |
| Amounts receivable within one year | 40/41 | €26,197 | €36,776 | +€10,580 | +40.4% |
| Trade receivables | 40 | €26,197 | €36,300 | +€10,104 | +38.6% |
| Other amounts receivable | 41 | - | €476 | +€476 | |
| Cash at bank and in hand | 54/58 | €74,977 | €49,580 | -€25,397 | -33.9% |
| Total equity and liabilities | 10/49 | €1,356,174 | €1,581,158 | +€224,984 | +16.6% |
| Equity | 10/15 | €593,616 | €875,753 | +€282,136 | +47.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €543,616 | €825,753 | +€282,136 | +51.9% |
| Distributable reserves | 133 | €543,616 | €825,753 | +€282,136 | +51.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €762,557 | €705,405 | -€57,152 | -7.5% |
| Amounts payable after more than one year | 17 | €369,523 | €294,164 | -€75,358 | -20.4% |
| Financial debts | 170/4 | €369,523 | €294,164 | -€75,358 | -20.4% |
| Amounts payable within one year | 42/48 | €393,035 | €411,241 | +€18,206 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €74,796 | €75,358 | +€563 | +0.8% |
| Trade debts | 44 | €985 | €83,050 | +€82,065 | +8,331% |
| Suppliers | 440/4 | €985 | €83,050 | +€82,065 | +8,331% |
| Taxes, remuneration and social security | 45 | €78,663 | €34,094 | -€44,570 | -56.7% |
| Taxes | 450/3 | €78,663 | €34,094 | -€44,570 | -56.7% |
| Other amounts payable | 47/48 | €238,591 | €218,739 | -€19,852 | -8.3% |
| Other operating charges | 640/8 | €1,913 | €1,226 | -€686 | -35.9% |
| Non-recurring operating charges | 66A | - | €1,923 | +€1,923 | |
| Gross operating margin | 9900 | €250,250 | €88,467 | -€161,783 | -64.6% |
| Operating profit (loss) | 9901 | €248,337 | €85,318 | -€163,019 | -65.6% |
| Financial income | 75/76B | - | €450,000 | +€450,000 | |
| Recurring financial income | 75 | - | €450,000 | +€450,000 | |
| Financial charges | 65/66B | €3,746 | €3,182 | -€564 | -15.1% |
| Recurring financial charges | 65 | €3,746 | €3,182 | -€564 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €244,592 | €532,136 | +€287,545 | +118% |
| Income taxes | 67/77 | €64,094 | €0 | -€64,094 | -100% |
| Profit (loss) for the period | 9904 | €180,498 | €532,136 | +€351,638 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €180,498 | €532,136 | +€351,638 | +195% |
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 31 October 2026 via checked.be.