MARIEN: 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.
MARIEN
Largest movements
- Cash +€70,752
up €70,752 (+87.5%), from €80,864 to €151,615
mainly Net result for the year (+€134,820) and Depreciation (+€46,591)
- Tangible fixed assets -€35,644
down €35,644 (-11.6%), from €307,157 to €271,512
of which Land and buildings: -€21,191
- Receivables within one year -€11,856
down €11,856 (-18.2%), from €65,038 to €53,182
of which Other amounts receivable: -€9,753
- Deferred charges and accrued income -€8,399
down €8,399 (-76.0%), from €11,050 to €2,651
- Other debts +€44,856
up €44,856 (+49.5%), from €90,553 to €135,409
- Debts after one year -€43,772
down €43,772 (-21.7%), from €201,440 to €157,669
- Tax, wage and social debts +€29,248
up €29,248 (+68.8%), from €42,529 to €71,777
of which Taxes: +€32,844
- Trade debts -€16,338
down €16,338 (-21.9%), from €74,705 to €58,367
- Gross operating margin +€30,424
up €30,424 (+7.1%), from €425,900 to €456,324
- Staff costs -€8,729
down €8,729 (-3.1%), from €277,153 to €268,424
- Financial income +€5,580
up €5,580 (+3,500%), from €159 to €5,739
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 | €464,108 | €478,960 | +€14,852 | +3.2% |
| Fixed assets | 21/28 | €307,157 | €271,512 | -€35,644 | -11.6% |
| Tangible fixed assets | 22/27 | €307,157 | €271,512 | -€35,644 | -11.6% |
| Land and buildings | 22 | €241,674 | €220,483 | -€21,191 | -8.8% |
| Plant, machinery and equipment | 23 | €12,492 | €6,784 | -€5,708 | -45.7% |
| Furniture and vehicles | 24 | €52,990 | €42,163 | -€10,827 | -20.4% |
| Assets under construction and advance payments | 27 | - | €2,082 | +€2,082 | |
| Current assets | 29/58 | €156,952 | €207,448 | +€50,496 | +32.2% |
| Amounts receivable within one year | 40/41 | €65,038 | €53,182 | -€11,856 | -18.2% |
| Trade receivables | 40 | €54,116 | €52,013 | -€2,103 | -3.9% |
| Other amounts receivable | 41 | €10,922 | €1,169 | -€9,753 | -89.3% |
| Cash at bank and in hand | 54/58 | €80,864 | €151,615 | +€70,752 | +87.5% |
| Deferred charges and accrued income | 490/1 | €11,050 | €2,651 | -€8,399 | -76.0% |
| Total equity and liabilities | 10/49 | €464,108 | €478,960 | +€14,852 | +3.2% |
| Equity | 10/15 | €10,870 | €11,690 | +€820 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,670 | €5,490 | +€820 | +17.6% |
| Distributable reserves | 133 | €4,670 | €5,490 | +€820 | +17.6% |
| Amounts payable | 17/49 | €453,238 | €467,270 | +€14,031 | +3.1% |
| Amounts payable after more than one year | 17 | €201,440 | €157,669 | -€43,772 | -21.7% |
| Financial debts | 170/4 | €201,440 | €157,669 | -€43,772 | -21.7% |
| Amounts payable within one year | 42/48 | €251,534 | €309,325 | +€57,791 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €42,747 | €43,772 | +€1,024 | +2.4% |
| Trade debts | 44 | €74,705 | €58,367 | -€16,338 | -21.9% |
| Suppliers | 440/4 | €74,705 | €58,367 | -€16,338 | -21.9% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €42,529 | €71,777 | +€29,248 | +68.8% |
| Taxes | 450/3 | €88 | €32,932 | +€32,844 | +37,399% |
| Remuneration and social security | 454/9 | €42,442 | €38,845 | -€3,596 | -8.5% |
| Other amounts payable | 47/48 | €90,553 | €135,409 | +€44,856 | +49.5% |
| Accrued charges and deferred income | 492/3 | €264 | €276 | +€12 | +4.7% |
| Remuneration, social security and pensions | 62 | €277,153 | €268,424 | -€8,729 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,832 | €46,591 | +€2,759 | +6.3% |
| Other operating charges | 640/8 | €3,061 | €3,098 | +€37 | +1.2% |
| Gross operating margin | 9900 | €425,900 | €456,324 | +€30,424 | +7.1% |
| Operating profit (loss) | 9901 | €101,853 | €138,211 | +€36,358 | +35.7% |
| Financial income | 75/76B | €159 | €5,739 | +€5,580 | +3,500% |
| Recurring financial income | 75 | €159 | €5,739 | +€5,580 | +3,500% |
| Financial charges | 65/66B | €6,147 | €4,825 | -€1,322 | -21.5% |
| Recurring financial charges | 65 | €6,147 | €4,825 | -€1,322 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €95,866 | €139,126 | +€43,260 | +45.1% |
| Income taxes | 67/77 | €4,525 | €4,306 | -€219 | -4.8% |
| Profit (loss) for the period | 9904 | €91,341 | €134,820 | +€43,480 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,341 | €134,820 | +€43,480 | +47.6% |
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 26 October 2026 via checked.be.