MAARJA: 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.
MAARJA
Largest movements
- Receivables within one year -€7,863
down €7,863 (-98.2%), from €8,004 to €141
of which Trade receivables: -€6,992
- Cash +€3,992
up €3,992 (+55.4%), from €7,205 to €11,197
mainly Receivables within one year (+€7,863) and Net result for the year (+€7,352)
- Trade debts -€10,987
no longer reported in 2025 (was €10,987)
- Profit (loss) carried forward +€7,352
up €7,352 (+7.2%), from -€101,773 to -€94,421
- Other debts -€491
down €491 (-0.6%), from €78,436 to €77,945
- Tax, wage and social debts +€255
new in 2025: €255
- Gross operating margin +€421
up €421 (+6.0%), from €6,978 to €7,399
- Other operating charges -€141
no longer reported in 2025 (was €141)
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 | €15,209 | €11,338 | -€3,871 | -25.5% |
| Current assets | 29/58 | €15,209 | €11,338 | -€3,871 | -25.5% |
| Amounts receivable within one year | 40/41 | €8,004 | €141 | -€7,863 | -98.2% |
| Trade receivables | 40 | €6,992 | - | -€6,992 | |
| Other amounts receivable | 41 | €1,012 | €141 | -€871 | -86.1% |
| Cash at bank and in hand | 54/58 | €7,205 | €11,197 | +€3,992 | +55.4% |
| Total equity and liabilities | 10/49 | €15,209 | €11,338 | -€3,871 | -25.5% |
| Equity | 10/15 | -€74,214 | -€66,862 | +€7,352 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,959 | €8,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,959 | €8,959 | = | 0.0% |
| Other | 1319 | €8,959 | €8,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,773 | -€94,421 | +€7,352 | +7.2% |
| Amounts payable | 17/49 | €89,423 | €78,200 | -€11,223 | -12.6% |
| Amounts payable within one year | 42/48 | €89,423 | €78,200 | -€11,223 | -12.6% |
| Trade debts | 44 | €10,987 | - | -€10,987 | |
| Suppliers | 440/4 | €10,987 | - | -€10,987 | |
| Taxes, remuneration and social security | 45 | - | €255 | +€255 | |
| Taxes | 450/3 | - | €255 | +€255 | |
| Other amounts payable | 47/48 | €78,436 | €77,945 | -€491 | -0.6% |
| Non-recurring operating income | 76A | - | €47 | +€47 | |
| Other operating charges | 640/8 | €141 | - | -€141 | |
| Gross operating margin | 9900 | €6,978 | €7,399 | +€421 | +6.0% |
| Operating profit (loss) | 9901 | €6,837 | €7,399 | +€562 | +8.2% |
| Financial charges | 65/66B | €45 | €47 | +€2 | +4.4% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €6,792 | €7,352 | +€560 | +8.2% |
| Profit (loss) for the period | 9904 | €6,792 | €7,352 | +€560 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,792 | €7,352 | +€560 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.