Maracht: 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.
Maracht
Largest movements
- Receivables within one year +€40,813
up €40,813 (+114%), from €35,865 to €76,678
of which Trade receivables: +€45,314
- Tangible fixed assets -€14,588
down €14,588 (-57.3%), from €25,443 to €10,854
of which Leasing and similar rights: -€9,543
- Cash +€4,743
up €4,743 (+309%), from €1,537 to €6,280
mainly Trade debts (+€30,520) and Depreciation (+€14,588)
- Trade debts +€30,520
up €30,520 (+1,395%), from €2,187 to €32,708
- Accrued charges and deferred income -€17,000
down €17,000 (-100%), from €17,000 to €0
- Tax, wage and social debts +€14,125
up €14,125 (+1,050%), from €1,345 to €15,470
- Other debts +€10,925
up €10,925 (+41.8%), from €26,158 to €37,083
- Current portion of long-term debt -€4,856
down €4,856 (-57.9%), from €8,392 to €3,536
- Depreciation +€1,684
up €1,684 (+13.0%), from €12,905 to €14,588
- Gross operating margin +€762
up €762 (+4.4%), from €17,501 to €18,262
- Financial charges -€332
down €332 (-49.0%), from €676 to €345
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 | €63,801 | €94,818 | +€31,017 | +48.6% |
| Fixed assets | 21/28 | €25,443 | €10,854 | -€14,588 | -57.3% |
| Tangible fixed assets | 22/27 | €25,443 | €10,854 | -€14,588 | -57.3% |
| Furniture and vehicles | 24 | €10,950 | €6,317 | -€4,633 | -42.3% |
| Leasing and similar rights | 25 | €13,674 | €4,131 | -€9,543 | -69.8% |
| Other tangible fixed assets | 26 | €818 | €406 | -€412 | -50.3% |
| Current assets | 29/58 | €38,358 | €83,964 | +€45,606 | +119% |
| Amounts receivable within one year | 40/41 | €35,865 | €76,678 | +€40,813 | +114% |
| Trade receivables | 40 | €31,363 | €76,678 | +€45,314 | +144% |
| Other amounts receivable | 41 | €4,501 | €0 | -€4,501 | -100% |
| Cash at bank and in hand | 54/58 | €1,537 | €6,280 | +€4,743 | +309% |
| Deferred charges and accrued income | 490/1 | €957 | €1,007 | +€50 | +5.3% |
| Total equity and liabilities | 10/49 | €63,801 | €94,818 | +€31,017 | +48.6% |
| Equity | 10/15 | €5,183 | €6,021 | +€838 | +16.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,183 | €4,021 | +€838 | +26.3% |
| Distributable reserves | 133 | €3,183 | €4,021 | +€838 | +26.3% |
| Amounts payable | 17/49 | €58,618 | €88,797 | +€30,179 | +51.5% |
| Amounts payable after more than one year | 17 | €3,536 | €0 | -€3,536 | -100% |
| Financial debts | 170/4 | €3,536 | €0 | -€3,536 | -100% |
| Amounts payable within one year | 42/48 | €38,082 | €88,797 | +€50,715 | +133% |
| Current portion of amounts payable after more than one year | 42 | €8,392 | €3,536 | -€4,856 | -57.9% |
| Trade debts | 44 | €2,187 | €32,708 | +€30,520 | +1,395% |
| Suppliers | 440/4 | €2,187 | €32,708 | +€30,520 | +1,395% |
| Taxes, remuneration and social security | 45 | €1,345 | €15,470 | +€14,125 | +1,050% |
| Taxes | 450/3 | €1,345 | €15,470 | +€14,125 | +1,050% |
| Other amounts payable | 47/48 | €26,158 | €37,083 | +€10,925 | +41.8% |
| Accrued charges and deferred income | 492/3 | €17,000 | €0 | -€17,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,905 | €14,588 | +€1,684 | +13.0% |
| Other operating charges | 640/8 | €1,918 | €1,960 | +€42 | +2.2% |
| Gross operating margin | 9900 | €17,501 | €18,262 | +€762 | +4.4% |
| Operating profit (loss) | 9901 | €2,678 | €1,714 | -€964 | -36.0% |
| Financial income | 75/76B | €82 | €131 | +€50 | +60.8% |
| Recurring financial income | 75 | €82 | €131 | +€50 | +60.8% |
| Financial charges | 65/66B | €676 | €345 | -€332 | -49.0% |
| Recurring financial charges | 65 | €676 | €345 | -€332 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €2,083 | €1,501 | -€582 | -28.0% |
| Income taxes | 67/77 | €821 | €662 | -€158 | -19.3% |
| Profit (loss) for the period | 9904 | €1,263 | €838 | -€424 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,263 | €838 | -€424 | -33.6% |
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 27 October 2026 via checked.be.