MARA CONSULTING: 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 CONSULTING
Largest movements
- Financial fixed assets -€188,036
down €188,036 (-50.4%), from €373,054 to €185,018
- Current investments +€150,000
new in 2025: €150,000
- Tangible fixed assets -€19,871
down €19,871 (-3.3%), from €608,002 to €588,131
of which Land and buildings: -€13,523
- Receivables within one year +€12,325
up €12,325 (+337%), from €3,659 to €15,984
of which Other amounts receivable: +€7,307
- Debts after one year -€57,926
down €57,926 (-11.9%), from €484,848 to €426,922
- Profit (loss) carried forward +€45,996
up €45,996 (+10.4%), from €443,005 to €489,002
- Current portion of long-term debt -€33,514
down €33,514 (-35.0%), from €95,836 to €62,322
- Gross operating margin -€391,877
down €391,877 (-79.7%), from €491,702 to €99,824
- Taxes -€101,225
down €101,225 (-90.1%), from €112,394 to €11,169
- Financial income -€39,512
down €39,512 (-86.2%), from €45,862 to €6,350
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 | €1,081,527 | €1,036,371 | -€45,156 | -4.2% |
| Fixed assets | 21/28 | €981,055 | €773,149 | -€207,906 | -21.2% |
| Tangible fixed assets | 22/27 | €608,002 | €588,131 | -€19,871 | -3.3% |
| Land and buildings | 22 | €571,141 | €557,618 | -€13,523 | -2.4% |
| Plant, machinery and equipment | 23 | €5,265 | €4,279 | -€986 | -18.7% |
| Furniture and vehicles | 24 | €28,436 | €23,864 | -€4,572 | -16.1% |
| Other tangible fixed assets | 26 | €3,160 | €2,370 | -€790 | -25.0% |
| Financial fixed assets | 28 | €373,054 | €185,018 | -€188,036 | -50.4% |
| Current assets | 29/58 | €100,472 | €263,222 | +€162,750 | +162% |
| Amounts receivable within one year | 40/41 | €3,659 | €15,984 | +€12,325 | +337% |
| Trade receivables | 40 | €163 | €5,181 | +€5,018 | +3,086% |
| Other amounts receivable | 41 | €3,497 | €10,804 | +€7,307 | +209% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €95,814 | €95,177 | -€637 | -0.7% |
| Deferred charges and accrued income | 490/1 | €999 | €2,061 | +€1,062 | +106% |
| Total equity and liabilities | 10/49 | €1,081,527 | €1,036,371 | -€45,156 | -4.2% |
| Equity | 10/15 | €461,605 | €507,602 | +€45,996 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,005 | €489,002 | +€45,996 | +10.4% |
| Amounts payable | 17/49 | €619,922 | €528,769 | -€91,152 | -14.7% |
| Amounts payable after more than one year | 17 | €484,848 | €426,922 | -€57,926 | -11.9% |
| Financial debts | 170/4 | €484,848 | €426,922 | -€57,926 | -11.9% |
| Amounts payable within one year | 42/48 | €132,592 | €101,848 | -€30,745 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €95,836 | €62,322 | -€33,514 | -35.0% |
| Trade debts | 44 | €1,609 | €5,956 | +€4,347 | +270% |
| Suppliers | 440/4 | €1,609 | €5,956 | +€4,347 | +270% |
| Taxes, remuneration and social security | 45 | €33,482 | €31,904 | -€1,577 | -4.7% |
| Taxes | 450/3 | €33,482 | €31,904 | -€1,577 | -4.7% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,482 | - | -€2,482 | |
| Non-recurring operating income | 76A | €12,757 | - | -€12,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,207 | €19,871 | -€336 | -1.7% |
| Other operating charges | 640/8 | €3,563 | €4,301 | +€737 | +20.7% |
| Gross operating margin | 9900 | €491,702 | €99,824 | -€391,877 | -79.7% |
| Operating profit (loss) | 9901 | €467,931 | €75,653 | -€392,278 | -83.8% |
| Financial income | 75/76B | €45,862 | €6,350 | -€39,512 | -86.2% |
| Recurring financial income | 75 | €45,862 | €6,350 | -€39,512 | -86.2% |
| Financial charges | 65/66B | €25,999 | €23,172 | -€2,826 | -10.9% |
| Recurring financial charges | 65 | €25,999 | €23,172 | -€2,826 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €487,795 | €58,831 | -€428,964 | -87.9% |
| Income taxes | 67/77 | €112,394 | €11,169 | -€101,225 | -90.1% |
| Profit (loss) for the period | 9904 | €375,401 | €47,662 | -€327,739 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €375,401 | €47,662 | -€327,739 | -87.3% |
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 14 October 2026 via checked.be.