DE MARAAT: 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.
DE MARAAT
Largest movements
- Receivables within one year +€87,552
up €87,552 (+161%), from €54,450 to €142,002
of which Trade receivables: +€86,827
- Cash +€5,593
up €5,593 (+32.4%), from €17,283 to €22,876
mainly Net result for the year (+€126,792) and Tax, wage and social debts (+€4,614)
- Reserves +€127,000
up €127,000 (+67.6%), from €188,000 to €315,000
- Debts after one year -€32,143
down €32,143 (-42.9%), from €75,000 to €42,857
- Other debts -€12,120
down €12,120 (-94.7%), from €12,800 to €680
- Tax, wage and social debts +€4,614
up €4,614 (+22.6%), from €20,427 to €25,042
of which Taxes: +€7,114
- Gross operating margin +€64,336
up €64,336 (+56.8%), from €113,341 to €177,677
- Taxes +€15,138
up €15,138 (+52.0%), from €29,138 to €44,275
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 | €336,049 | €424,998 | +€88,949 | +26.5% |
| Fixed assets | 21/28 | €264,316 | €260,120 | -€4,197 | -1.6% |
| Tangible fixed assets | 22/27 | €14,316 | €10,120 | -€4,197 | -29.3% |
| Furniture and vehicles | 24 | €4,906 | €2,698 | -€2,209 | -45.0% |
| Other tangible fixed assets | 26 | €9,410 | €7,422 | -€1,988 | -21.1% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €71,733 | €164,878 | +€93,145 | +130% |
| Amounts receivable within one year | 40/41 | €54,450 | €142,002 | +€87,552 | +161% |
| Trade receivables | 40 | €54,450 | €141,277 | +€86,827 | +159% |
| Other amounts receivable | 41 | - | €725 | +€725 | |
| Cash at bank and in hand | 54/58 | €17,283 | €22,876 | +€5,593 | +32.4% |
| Total equity and liabilities | 10/49 | €336,049 | €424,998 | +€88,949 | +26.5% |
| Equity | 10/15 | €191,267 | €318,059 | +€126,792 | +66.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €188,000 | €315,000 | +€127,000 | +67.6% |
| Distributable reserves | 133 | €188,000 | €315,000 | +€127,000 | +67.6% |
| Profit (loss) carried forward | 14 | €1,267 | €1,059 | -€208 | -16.4% |
| Amounts payable | 17/49 | €144,782 | €106,938 | -€37,844 | -26.1% |
| Amounts payable after more than one year | 17 | €75,000 | €42,857 | -€32,143 | -42.9% |
| Financial debts | 170/4 | €75,000 | €42,857 | -€32,143 | -42.9% |
| Amounts payable within one year | 42/48 | €65,482 | €61,192 | -€4,290 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €32,143 | €32,143 | = | 0.0% |
| Trade debts | 44 | €112 | €3,327 | +€3,215 | +2,871% |
| Suppliers | 440/4 | €112 | €3,327 | +€3,215 | +2,871% |
| Taxes, remuneration and social security | 45 | €20,427 | €25,042 | +€4,614 | +22.6% |
| Taxes | 450/3 | €17,927 | €25,042 | +€7,114 | +39.7% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €12,800 | €680 | -€12,120 | -94.7% |
| Accrued charges and deferred income | 492/3 | €4,300 | €2,889 | -€1,410 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,738 | €4,197 | +€1,459 | +53.3% |
| Other operating charges | 640/8 | €1,669 | €969 | -€700 | -41.9% |
| Gross operating margin | 9900 | €113,341 | €177,677 | +€64,336 | +56.8% |
| Operating profit (loss) | 9901 | €108,934 | €172,511 | +€63,578 | +58.4% |
| Financial income | 75/76B | €0 | €65 | +€65 | +649,900% |
| Recurring financial income | 75 | €0 | €65 | +€65 | +649,900% |
| Financial charges | 65/66B | €1,791 | €1,509 | -€282 | -15.7% |
| Recurring financial charges | 65 | €1,791 | €1,509 | -€282 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €107,143 | €171,067 | +€63,925 | +59.7% |
| Income taxes | 67/77 | €29,138 | €44,275 | +€15,138 | +52.0% |
| Profit (loss) for the period | 9904 | €78,005 | €126,792 | +€48,787 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,005 | €126,792 | +€48,787 | +62.5% |
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 22 October 2026 via checked.be.