MARACA International: 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.
MARACA International
Largest movements
- Cash -€155,935
down €155,935 (-19.6%), from €794,980 to €639,044
mainly Contributions, distributions and other (-€255,772) and Receivables within one year (-€22,017)
- Receivables within one year +€22,017
up €22,017 (+71.9%), from €30,638 to €52,654
of which Other amounts receivable: +€18,822
- Reserves -€141,030
down €141,030 (-17.2%), from €819,612 to €678,582
- Gross operating margin +€38,387
up €38,387 (+29.0%), from €132,163 to €170,550
- Taxes +€11,057
up €11,057 (+25.7%), from €43,106 to €54,163
- Write-downs +€3,535
no longer reported in 2026 (was -€3,535)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €833,550 | €699,310 | -€134,240 | -16.1% |
| Fixed assets | 21/28 | €471 | €1,723 | +€1,252 | +266% |
| Tangible fixed assets | 22/27 | €471 | €1,723 | +€1,252 | +266% |
| Plant, machinery and equipment | 23 | €275 | - | -€275 | |
| Furniture and vehicles | 24 | €196 | €1,723 | +€1,527 | +780% |
| Current assets | 29/58 | €833,079 | €697,586 | -€135,493 | -16.3% |
| Amounts receivable within one year | 40/41 | €30,638 | €52,654 | +€22,017 | +71.9% |
| Trade receivables | 40 | €22,805 | €26,000 | +€3,195 | +14.0% |
| Other amounts receivable | 41 | €7,833 | €26,655 | +€18,822 | +240% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €794,980 | €639,044 | -€155,935 | -19.6% |
| Deferred charges and accrued income | 490/1 | €4,962 | €3,388 | -€1,574 | -31.7% |
| Total equity and liabilities | 10/49 | €833,550 | €699,310 | -€134,240 | -16.1% |
| Equity | 10/15 | €825,812 | €684,782 | -€141,030 | -17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €819,612 | €678,582 | -€141,030 | -17.2% |
| Distributable reserves | 133 | €819,612 | €678,582 | -€141,030 | -17.2% |
| Amounts payable | 17/49 | €7,738 | €14,528 | +€6,789 | +87.7% |
| Amounts payable within one year | 42/48 | €6,520 | €8,326 | +€1,806 | +27.7% |
| Trade debts | 44 | €21 | €421 | +€400 | +1,908% |
| Suppliers | 440/4 | €21 | €421 | +€400 | +1,908% |
| Advances received on contracts in progress | 46 | €4,148 | €4,699 | +€551 | +13.3% |
| Taxes, remuneration and social security | 45 | €19 | €19 | = | 0.0% |
| Taxes | 450/3 | €19 | €19 | = | 0.0% |
| Other amounts payable | 47/48 | €2,332 | €3,187 | +€855 | +36.7% |
| Accrued charges and deferred income | 492/3 | €1,218 | €6,201 | +€4,983 | +409% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €589 | +€159 | +37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,535 | - | +€3,535 | |
| Other operating charges | 640/8 | €675 | €671 | -€4 | -0.6% |
| Gross operating margin | 9900 | €132,163 | €170,550 | +€38,387 | +29.0% |
| Operating profit (loss) | 9901 | €134,594 | €169,290 | +€34,697 | +25.8% |
| Financial income | 75/76B | €220 | €87 | -€133 | -60.3% |
| Recurring financial income | 75 | €220 | €87 | -€133 | -60.3% |
| Financial charges | 65/66B | €286 | €472 | +€185 | +64.7% |
| Recurring financial charges | 65 | €286 | €472 | +€185 | +64.7% |
| Profit (loss) for the period before taxes | 9903 | €134,527 | €168,906 | +€34,379 | +25.6% |
| Income taxes | 67/77 | €43,106 | €54,163 | +€11,057 | +25.7% |
| Profit (loss) for the period | 9904 | €91,421 | €114,743 | +€23,321 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,421 | €114,743 | +€23,321 | +25.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.