DR. K. MARIS: 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.
DR. K. MARIS
Largest movements
- Current investments +€136,000
up €136,000 (+109%), from €124,795 to €260,795
- Cash -€43,380
down €43,380 (-37.9%), from €114,478 to €71,098
mainly Current investments (-€136,000) and Contributions, distributions and other (-€45,423)
- Tangible fixed assets -€30,968
down €30,968 (-9.8%), from €316,784 to €285,817
of which Land and buildings: -€28,578
- Receivables within one year -€29,287
down €29,287 (-45.0%), from €65,050 to €35,763
of which Trade receivables: -€22,491
- Reserves +€113,023
up €113,023 (+26.7%), from €422,830 to €535,853
- Current portion of long-term debt -€41,393
down €41,393 (-81.6%), from €50,735 to €9,341
- Tax, wage and social debts -€31,484
down €31,484 (-74.7%), from €42,157 to €10,673
of which Taxes: -€31,800
- Other debts +€18,601
up €18,601 (+105%), from €17,683 to €36,285
- Trade debts -€13,245
down €13,245 (-95.2%), from €13,918 to €673
- Gross operating margin +€14,814
up €14,814 (+4.8%), from €311,060 to €325,874
- Taxes +€12,748
up €12,748 (+20.7%), from €61,457 to €74,206
- Financial income +€6,828
up €6,828 (+19,502%), from €35 to €6,863
- Financial charges -€3,752
down €3,752 (-50.9%), from €7,369 to €3,617
- Depreciation -€3,277
down €3,277 (-6.9%), from €47,247 to €43,970
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 | €622,583 | €656,626 | +€34,043 | +5.5% |
| Fixed assets | 21/28 | €316,784 | €285,817 | -€30,968 | -9.8% |
| Tangible fixed assets | 22/27 | €316,784 | €285,817 | -€30,968 | -9.8% |
| Land and buildings | 22 | €291,540 | €262,962 | -€28,578 | -9.8% |
| Plant, machinery and equipment | 23 | €21,730 | €13,883 | -€7,847 | -36.1% |
| Furniture and vehicles | 24 | €3,515 | €8,972 | +€5,457 | +155% |
| Current assets | 29/58 | €305,798 | €370,809 | +€65,011 | +21.3% |
| Amounts receivable within one year | 40/41 | €65,050 | €35,763 | -€29,287 | -45.0% |
| Trade receivables | 40 | €58,254 | €35,763 | -€22,491 | -38.6% |
| Other amounts receivable | 41 | €6,796 | €0 | -€6,796 | -100% |
| Current investments | 50/53 | €124,795 | €260,795 | +€136,000 | +109% |
| Cash at bank and in hand | 54/58 | €114,478 | €71,098 | -€43,380 | -37.9% |
| Deferred charges and accrued income | 490/1 | €1,475 | €3,153 | +€1,678 | +114% |
| Total equity and liabilities | 10/49 | €622,583 | €656,626 | +€34,043 | +5.5% |
| Equity | 10/15 | €486,630 | €599,653 | +€113,023 | +23.2% |
| Contributions | 10/11 | €63,800 | €63,800 | = | 0.0% |
| Reserves | 13 | €422,830 | €535,853 | +€113,023 | +26.7% |
| Distributable reserves | 133 | €422,830 | €535,853 | +€113,023 | +26.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,953 | €56,973 | -€78,980 | -58.1% |
| Amounts payable after more than one year | 17 | €9,341 | €0 | -€9,341 | -100% |
| Financial debts | 170/4 | €9,341 | €0 | -€9,341 | -100% |
| Amounts payable within one year | 42/48 | €124,493 | €56,973 | -€67,520 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €50,735 | €9,341 | -€41,393 | -81.6% |
| Trade debts | 44 | €13,918 | €673 | -€13,245 | -95.2% |
| Suppliers | 440/4 | €13,918 | €673 | -€13,245 | -95.2% |
| Taxes, remuneration and social security | 45 | €42,157 | €10,673 | -€31,484 | -74.7% |
| Taxes | 450/3 | €34,800 | €3,000 | -€31,800 | -91.4% |
| Remuneration and social security | 454/9 | €7,357 | €7,673 | +€316 | +4.3% |
| Other amounts payable | 47/48 | €17,683 | €36,285 | +€18,601 | +105% |
| Accrued charges and deferred income | 492/3 | €2,118 | €0 | -€2,118 | -100% |
| Remuneration, social security and pensions | 62 | €48,114 | €49,767 | +€1,653 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,247 | €43,970 | -€3,277 | -6.9% |
| Other operating charges | 640/8 | €2,418 | €2,732 | +€313 | +13.0% |
| Gross operating margin | 9900 | €311,060 | €325,874 | +€14,814 | +4.8% |
| Operating profit (loss) | 9901 | €213,281 | €229,406 | +€16,125 | +7.6% |
| Financial income | 75/76B | €35 | €6,863 | +€6,828 | +19,502% |
| Recurring financial income | 75 | €35 | €6,863 | +€6,828 | +19,502% |
| Financial charges | 65/66B | €7,369 | €3,617 | -€3,752 | -50.9% |
| Recurring financial charges | 65 | €7,369 | €3,617 | -€3,752 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €205,947 | €232,652 | +€26,705 | +13.0% |
| Income taxes | 67/77 | €61,457 | €74,206 | +€12,748 | +20.7% |
| Profit (loss) for the period | 9904 | €144,490 | €158,446 | +€13,956 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,490 | €158,446 | +€13,956 | +9.7% |
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.