MARABO: 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.
MARABO
Largest movements
- Receivables within one year +€29,157
new in 2025: €29,157
- Cash +€27,662
up €27,662 (+592%), from €4,676 to €32,338
mainly Net result for the year (+€37,109) and Tax, wage and social debts (+€17,141)
- Stocks and contracts +€13,838
new in 2025: €13,838
- Deferred charges and accrued income +€912
new in 2025: €912
- Profit (loss) carried forward +€37,109
up €37,109 (+77,311%), from €48 to €37,157
- Tax, wage and social debts +€17,141
up €17,141 (+3,784%), from €453 to €17,594
- Trade debts +€16,619
up €16,619 (+53,783%), from €31 to €16,650
- Other debts +€1,449
up €1,449 (+326%), from €444 to €1,893
- Gross operating margin +€47,296
up €47,296 (+29,377%), from €161 to €47,457
- Taxes +€9,338
up €9,338 (+77,814%), from €12 to €9,350
- Other operating charges +€789
up €789 (+781%), from €101 to €890
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 | €4,676 | €76,245 | +€71,569 | +1,531% |
| Current assets | 29/58 | €4,676 | €76,245 | +€71,569 | +1,531% |
| Stocks and contracts in progress | 3 | - | €13,838 | +€13,838 | |
| Stocks | 30/36 | - | €13,838 | +€13,838 | |
| Amounts receivable within one year | 40/41 | - | €29,157 | +€29,157 | |
| Trade receivables | 40 | - | €29,157 | +€29,157 | |
| Cash at bank and in hand | 54/58 | €4,676 | €32,338 | +€27,662 | +592% |
| Deferred charges and accrued income | 490/1 | - | €912 | +€912 | |
| Total equity and liabilities | 10/49 | €4,676 | €76,245 | +€71,569 | +1,531% |
| Equity | 10/15 | €2,548 | €39,657 | +€37,109 | +1,456% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48 | €37,157 | +€37,109 | +77,311% |
| Amounts payable | 17/49 | €2,128 | €36,588 | +€34,460 | +1,619% |
| Amounts payable within one year | 42/48 | €928 | €36,138 | +€35,210 | +3,795% |
| Trade debts | 44 | €31 | €16,650 | +€16,619 | +53,783% |
| Suppliers | 440/4 | €31 | €16,650 | +€16,619 | +53,783% |
| Taxes, remuneration and social security | 45 | €453 | €17,594 | +€17,141 | +3,784% |
| Taxes | 450/3 | €453 | €17,594 | +€17,141 | +3,784% |
| Other amounts payable | 47/48 | €444 | €1,893 | +€1,449 | +326% |
| Accrued charges and deferred income | 492/3 | €1,200 | €450 | -€750 | -62.5% |
| Other operating charges | 640/8 | €101 | €890 | +€789 | +781% |
| Gross operating margin | 9900 | €161 | €47,457 | +€47,296 | +29,377% |
| Operating profit (loss) | 9901 | €60 | €46,567 | +€46,507 | +77,512% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | - | €142 | +€142 | |
| Recurring financial charges | 65 | - | €142 | +€142 | |
| Profit (loss) for the period before taxes | 9903 | €60 | €46,459 | +€46,399 | +77,332% |
| Income taxes | 67/77 | €12 | €9,350 | +€9,338 | +77,814% |
| Profit (loss) for the period | 9904 | €48 | €37,109 | +€37,061 | +77,211% |
| Profit (loss) for the period to be appropriated | 9905 | €48 | €37,109 | +€37,061 | +77,211% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.