MARACK: 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.
MARACK
Largest movements
- Cash +€477
up €477 (+36.7%), from €1,301 to €1,778
mainly Other debts (+€5,231) and Tax, wage and social debts (+€1,635)
- Receivables within one year -€234
down €234 (-31.9%), from €732 to €498
- Financial fixed assets +€26
up €26 (+37.2%), from €70 to €96
- Profit (loss) carried forward -€7,124
down €7,124 (-11.4%), from -€62,731 to -€69,855
- Other debts +€5,231
up €5,231 (+12.6%), from €41,516 to €46,747
- Tax, wage and social debts +€1,635
up €1,635 (+29.1%), from €5,615 to €7,250
of which Remuneration and social security: +€884
- Trade debts +€528
up €528 (+13.2%), from €4,010 to €4,537
- Purchases and services -€31,061
no longer reported in 2025 (was €31,061)
- Turnover -€25,736
no longer reported in 2025 (was €25,736)
- Gross operating margin -€1,191
down €1,191 (-22.4%), from -€5,326 to -€6,517
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 | €2,102 | €2,371 | +€269 | +12.8% |
| Fixed assets | 21/28 | €70 | €96 | +€26 | +37.2% |
| Financial fixed assets | 28 | €70 | €96 | +€26 | +37.2% |
| Current assets | 29/58 | €2,032 | €2,276 | +€243 | +12.0% |
| Amounts receivable within one year | 40/41 | €732 | €498 | -€234 | -31.9% |
| Other amounts receivable | 41 | €732 | €498 | -€234 | -31.9% |
| Cash at bank and in hand | 54/58 | €1,301 | €1,778 | +€477 | +36.7% |
| Total equity and liabilities | 10/49 | €2,102 | €2,371 | +€269 | +12.8% |
| Equity | 10/15 | -€49,039 | -€56,164 | -€7,124 | -14.5% |
| Contributions | 10/11 | €12,850 | €12,850 | = | 0.0% |
| Capital | 10 | €12,850 | - | -€12,850 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €5,750 | - | -€5,750 | |
| Reserves | 13 | €842 | €842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €842 | - | -€842 | |
| Legal reserve | 130 | €842 | - | -€842 | |
| Distributable reserves | 133 | - | €842 | +€842 | |
| Profit (loss) carried forward | 14 | -€62,731 | -€69,855 | -€7,124 | -11.4% |
| Amounts payable | 17/49 | €51,141 | €58,535 | +€7,394 | +14.5% |
| Amounts payable within one year | 42/48 | €51,141 | €58,535 | +€7,394 | +14.5% |
| Trade debts | 44 | €4,010 | €4,537 | +€528 | +13.2% |
| Suppliers | 440/4 | €4,010 | €4,537 | +€528 | +13.2% |
| Taxes, remuneration and social security | 45 | €5,615 | €7,250 | +€1,635 | +29.1% |
| Taxes | 450/3 | €3,415 | €4,166 | +€751 | +22.0% |
| Remuneration and social security | 454/9 | €2,200 | €3,084 | +€884 | +40.2% |
| Other amounts payable | 47/48 | €41,516 | €46,747 | +€5,231 | +12.6% |
| Turnover | 70 | €25,736 | - | -€25,736 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,061 | - | -€31,061 | |
| Other operating charges | 640/8 | €403 | €400 | -€4 | -0.9% |
| Gross operating margin | 9900 | -€5,326 | -€6,517 | -€1,191 | -22.4% |
| Operating profit (loss) | 9901 | -€5,729 | -€6,916 | -€1,187 | -20.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €194 | €213 | +€20 | +10.2% |
| Recurring financial charges | 65 | €194 | €213 | +€20 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,923 | -€7,124 | -€1,201 | -20.3% |
| Profit (loss) for the period | 9904 | -€5,923 | -€7,124 | -€1,201 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,923 | -€7,124 | -€1,201 | -20.3% |
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 15 October 2026 via checked.be.