MAARIJ: what changed
Two fiscal 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.
MAARIJ
Largest movements
- Cash -€5,607
down €5,607 (-88.4%), from €6,340 to €733
mainly Tax, wage and social debts (-€4,817) and Investment in fixed assets (net) (-€3,441)
- Tangible fixed assets -€4,390
down €4,390 (-19.0%), from €23,141 to €18,751
- Receivables within one year +€1,589
up €1,589 (+40.9%), from €3,886 to €5,475
of which Other amounts receivable: +€4,134
- Deferred charges and accrued income +€730
new in 2025: €730
- Tax, wage and social debts -€4,817
down €4,817 (-85.5%), from €5,631 to €814
- Other debts -€1,563
down €1,563 (-30.9%), from €5,063 to €3,500
- Trade debts -€1,085
down €1,085 (-78.1%), from €1,389 to €304
- Depreciation +€4,063
up €4,063 (+107.8%), from €3,768 to €7,831
- Taxes -€1,117
down €1,117 (-95.5%), from €1,170 to €53
- Other operating charges +€759
up €759 (+130.4%), from €582 to €1,341
- Gross operating margin -€667
down €667 (-6.9%), from €9,652 to €8,985
- Financial income +€112
new in 2025: €112
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.
Cash bridge derived
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 | €33,367 | €25,689 | -€7,678 | -23.0% |
| Fixed assets | 21/28 | €23,141 | €18,751 | -€4,390 | -19.0% |
| Tangible fixed assets | 22/27 | €23,141 | €18,751 | -€4,390 | -19.0% |
| Furniture and vehicles | 24 | €23,141 | €18,751 | -€4,390 | -19.0% |
| Current assets | 29/58 | €10,226 | €6,938 | -€3,288 | -32.2% |
| Amounts receivable within one year | 40/41 | €3,886 | €5,475 | +€1,589 | +40.9% |
| Trade receivables | 40 | €3,886 | €1,341 | -€2,545 | -65.5% |
| Other amounts receivable | 41 | - | €4,134 | +€4,134 | |
| Cash at bank and in hand | 54/58 | €6,340 | €733 | -€5,607 | -88.4% |
| Deferred charges and accrued income | 490/1 | - | €730 | +€730 | |
| Total equity and liabilities | 10/49 | €33,367 | €25,689 | -€7,678 | -23.0% |
| Equity | 10/15 | €21,284 | €21,071 | -€213 | -1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,284 | €20,071 | -€213 | -1.1% |
| Amounts payable | 17/49 | €12,083 | €4,618 | -€7,465 | -61.8% |
| Amounts payable within one year | 42/48 | €12,083 | €4,618 | -€7,465 | -61.8% |
| Trade debts | 44 | €1,389 | €304 | -€1,085 | -78.1% |
| Suppliers | 440/4 | €1,389 | €304 | -€1,085 | -78.1% |
| Taxes, remuneration and social security | 45 | €5,631 | €814 | -€4,817 | -85.5% |
| Taxes | 450/3 | €5,631 | €814 | -€4,817 | -85.5% |
| Other amounts payable | 47/48 | €5,063 | €3,500 | -€1,563 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,768 | €7,831 | +€4,063 | +107.8% |
| Other operating charges | 640/8 | €582 | €1,341 | +€759 | +130.4% |
| Gross operating margin | 9900 | €9,652 | €8,985 | -€667 | -6.9% |
| Operating profit (loss) | 9901 | €5,302 | -€187 | -€5,489 | |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €44 | €85 | +€41 | +93.2% |
| Recurring financial charges | 65 | €44 | €85 | +€41 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €5,258 | -€160 | -€5,418 | |
| Income taxes | 67/77 | €1,170 | €53 | -€1,117 | -95.5% |
| Profit (loss) for the period | 9904 | €4,088 | -€213 | -€4,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,088 | -€213 | -€4,301 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.