H.MARIA: 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.
H.MARIA
Largest movements
- Tangible fixed assets +€26,951
up €26,951 (+2,404%), from €1,121 to €28,073
of which Furniture and vehicles: +€27,224
- Receivables within one year -€10,936
down €10,936 (-98.5%), from €11,097 to €161
of which Trade receivables: -€6,713
- Cash +€768
up €768 (+21.4%), from €3,580 to €4,348
mainly Other debts (+€13,739) and Receivables within one year (+€10,936)
- Other debts +€13,739
new in 2025: €13,739
- Profit (loss) carried forward +€8,207
up €8,207 (+57.4%), from -€14,287 to -€6,080
- Trade debts -€5,837
down €5,837 (-88.3%), from €6,607 to €770
- Tax, wage and social debts +€679
up €679 (+25.4%), from €2,673 to €3,351
of which Remuneration and social security: +€816
- Gross operating margin +€15,841
up €15,841 (+89.5%), from €17,706 to €33,547
- Staff costs +€4,458
up €4,458 (+28.4%), from €15,707 to €20,165
- Depreciation +€1,579
up €1,579 (+231%), from €684 to €2,263
- Taxes +€412
new in 2025: €412
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 | €22,314 | €39,101 | +€16,787 | +75.2% |
| Fixed assets | 21/28 | €6,024 | €32,980 | +€26,956 | +447% |
| Tangible fixed assets | 22/27 | €1,121 | €28,073 | +€26,951 | +2,404% |
| Plant, machinery and equipment | 23 | €272 | - | -€272 | |
| Furniture and vehicles | 24 | €849 | €28,073 | +€27,224 | +3,207% |
| Financial fixed assets | 28 | €4,902 | €4,907 | +€5 | +0.1% |
| Current assets | 29/58 | €16,290 | €6,121 | -€10,168 | -62.4% |
| Stocks and contracts in progress | 3 | €1,612 | €1,612 | = | 0.0% |
| Stocks | 30/36 | €1,612 | €1,612 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,097 | €161 | -€10,936 | -98.5% |
| Trade receivables | 40 | €6,713 | - | -€6,713 | |
| Other amounts receivable | 41 | €4,384 | €161 | -€4,223 | -96.3% |
| Cash at bank and in hand | 54/58 | €3,580 | €4,348 | +€768 | +21.4% |
| Total equity and liabilities | 10/49 | €22,314 | €39,101 | +€16,787 | +75.2% |
| Equity | 10/15 | €13,033 | €21,241 | +€8,207 | +63.0% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €11,921 | €11,921 | = | 0.0% |
| Distributable reserves | 133 | €11,921 | €11,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,287 | -€6,080 | +€8,207 | +57.4% |
| Amounts payable | 17/49 | €9,280 | €17,860 | +€8,580 | +92.5% |
| Amounts payable within one year | 42/48 | €9,280 | €17,860 | +€8,580 | +92.5% |
| Trade debts | 44 | €6,607 | €770 | -€5,837 | -88.3% |
| Suppliers | 440/4 | €6,607 | €770 | -€5,837 | -88.3% |
| Taxes, remuneration and social security | 45 | €2,673 | €3,351 | +€679 | +25.4% |
| Taxes | 450/3 | €138 | - | -€138 | |
| Remuneration and social security | 454/9 | €2,535 | €3,351 | +€816 | +32.2% |
| Other amounts payable | 47/48 | - | €13,739 | +€13,739 | |
| Non-recurring operating income | 76A | - | €10,739 | +€10,739 | |
| Remuneration, social security and pensions | 62 | €15,707 | €20,165 | +€4,458 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €2,263 | +€1,579 | +231% |
| Other operating charges | 640/8 | €1,676 | €1,785 | +€109 | +6.5% |
| Gross operating margin | 9900 | €17,706 | €33,547 | +€15,841 | +89.5% |
| Operating profit (loss) | 9901 | -€361 | €9,335 | +€9,695 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -56.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -56.0% |
| Financial charges | 65/66B | €607 | €716 | +€109 | +17.9% |
| Recurring financial charges | 65 | €607 | €716 | +€109 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€967 | €8,619 | +€9,586 | |
| Income taxes | 67/77 | - | €412 | +€412 | |
| Profit (loss) for the period | 9904 | -€967 | €8,207 | +€9,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€967 | €8,207 | +€9,174 |
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 30 October 2026 via checked.be.