Mara: 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.
Mara
Largest movements
- Cash +€14,718
up €14,718 (+165%), from €8,947 to €23,664
mainly Stocks and contracts (+€5,554) and Net result for the year (+€5,429)
- Stocks and contracts -€5,554
down €5,554 (-79.4%), from €6,996 to €1,443
- Receivables within one year -€1,638
down €1,638 (-54.6%), from €2,998 to €1,360
of which Trade receivables: -€2,519
- Tangible fixed assets +€1,432
new in 2025: €1,432
- Deferred charges and accrued income -€1,229
down €1,229 (-95.7%), from €1,285 to €56
- Profit (loss) carried forward +€5,429
up €5,429 (+51.5%), from €10,535 to €15,964
- Trade debts +€2,266
up €2,266 (+282%), from €803 to €3,069
- Taxes -€4,876
no longer reported in 2025 (was €4,876)
- Other operating charges +€275
up €275 (+30.6%), from €897 to €1,172
- Depreciation +€238
new in 2025: €238
- Financial charges -€98
down €98 (-50.1%), from €195 to €97
- Gross operating margin +€88
up €88 (+1.3%), from €6,847 to €6,935
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 | €20,231 | €27,960 | +€7,729 | +38.2% |
| Fixed assets | 21/28 | €5 | €1,437 | +€1,432 | +28,642% |
| Tangible fixed assets | 22/27 | - | €1,432 | +€1,432 | |
| Plant, machinery and equipment | 23 | - | €1,432 | +€1,432 | |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €20,226 | €26,523 | +€6,297 | +31.1% |
| Stocks and contracts in progress | 3 | €6,996 | €1,443 | -€5,554 | -79.4% |
| Stocks | 30/36 | €6,996 | €1,443 | -€5,554 | -79.4% |
| Amounts receivable within one year | 40/41 | €2,998 | €1,360 | -€1,638 | -54.6% |
| Trade receivables | 40 | €2,799 | €279 | -€2,519 | -90.0% |
| Other amounts receivable | 41 | €199 | €1,081 | +€882 | +443% |
| Cash at bank and in hand | 54/58 | €8,947 | €23,664 | +€14,718 | +165% |
| Deferred charges and accrued income | 490/1 | €1,285 | €56 | -€1,229 | -95.7% |
| Total equity and liabilities | 10/49 | €20,231 | €27,960 | +€7,729 | +38.2% |
| Equity | 10/15 | €15,535 | €20,964 | +€5,429 | +34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,535 | €15,964 | +€5,429 | +51.5% |
| Amounts payable | 17/49 | €4,696 | €6,996 | +€2,300 | +49.0% |
| Amounts payable within one year | 42/48 | €4,696 | €6,996 | +€2,300 | +49.0% |
| Trade debts | 44 | €803 | €3,069 | +€2,266 | +282% |
| Suppliers | 440/4 | €803 | €3,069 | +€2,266 | +282% |
| Taxes, remuneration and social security | 45 | €3,893 | €3,927 | +€34 | +0.9% |
| Taxes | 450/3 | €3,893 | €3,927 | +€34 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €238 | +€238 | |
| Other operating charges | 640/8 | €897 | €1,172 | +€275 | +30.6% |
| Gross operating margin | 9900 | €6,847 | €6,935 | +€88 | +1.3% |
| Operating profit (loss) | 9901 | €5,950 | €5,525 | -€425 | -7.1% |
| Financial income | 75/76B | €9 | €1 | -€8 | -92.1% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -92.1% |
| Financial charges | 65/66B | €195 | €97 | -€98 | -50.1% |
| Recurring financial charges | 65 | €195 | €97 | -€98 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €5,764 | €5,429 | -€335 | -5.8% |
| Income taxes | 67/77 | €4,876 | - | -€4,876 | |
| Profit (loss) for the period | 9904 | €888 | €5,429 | +€4,540 | +511% |
| Profit (loss) for the period to be appropriated | 9905 | €888 | €5,429 | +€4,540 | +511% |
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 17 October 2026 via checked.be.