MARAGRI: 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.
MARAGRI
Largest movements
- Tangible fixed assets -€15,848
down €15,848 (-18.8%), from €84,407 to €68,559
of which Furniture and vehicles: -€12,163
- Intangible fixed assets -€2,742
down €2,742 (-5.9%), from €46,780 to €44,038
- Trade debts -€17,479
down €17,479 (-47.1%), from €37,106 to €19,628
- Other debts +€13,650
up €13,650 (+639%), from €2,136 to €15,787
- Debts after one year -€11,143
down €11,143 (-19.7%), from €56,571 to €45,429
- Reserves -€2,799
down €2,799 (-7.5%), from €37,408 to €34,609
of which Tax-exempt reserves: -€3,399
- Gross operating margin -€3,397
down €3,397 (-16.9%), from €20,045 to €16,649
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 | €170,931 | €151,662 | -€19,269 | -11.3% |
| Fixed assets | 21/28 | €131,186 | €112,597 | -€18,589 | -14.2% |
| Intangible fixed assets | 21 | €46,780 | €44,038 | -€2,742 | -5.9% |
| Tangible fixed assets | 22/27 | €84,407 | €68,559 | -€15,848 | -18.8% |
| Plant, machinery and equipment | 23 | €9,791 | €6,107 | -€3,685 | -37.6% |
| Furniture and vehicles | 24 | €74,615 | €62,453 | -€12,163 | -16.3% |
| Current assets | 29/58 | €39,744 | €39,064 | -€680 | -1.7% |
| Stocks and contracts in progress | 3 | €732 | - | -€732 | |
| Stocks | 30/36 | €732 | - | -€732 | |
| Amounts receivable within one year | 40/41 | €38,318 | €37,998 | -€320 | -0.8% |
| Trade receivables | 40 | €38,242 | €37,784 | -€457 | -1.2% |
| Other amounts receivable | 41 | €76 | €214 | +€137 | +180% |
| Cash at bank and in hand | 54/58 | €436 | €800 | +€364 | +83.4% |
| Deferred charges and accrued income | 490/1 | €258 | €266 | +€8 | +3.0% |
| Total equity and liabilities | 10/49 | €170,931 | €151,662 | -€19,269 | -11.3% |
| Equity | 10/15 | €53,071 | €50,303 | -€2,768 | -5.2% |
| Contributions | 10/11 | €6,507 | €6,507 | = | 0.0% |
| Reserves | 13 | €37,408 | €34,609 | -€2,799 | -7.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,549 | €29,150 | -€3,399 | -10.4% |
| Distributable reserves | 133 | €3,000 | €3,600 | +€600 | +20.0% |
| Profit (loss) carried forward | 14 | €9,155 | €9,186 | +€31 | +0.3% |
| Provisions and deferred taxes | 16 | €10,603 | €9,224 | -€1,379 | -13.0% |
| Deferred taxes | 168 | €10,603 | €9,224 | -€1,379 | -13.0% |
| Amounts payable | 17/49 | €107,257 | €92,135 | -€15,122 | -14.1% |
| Amounts payable after more than one year | 17 | €56,571 | €45,429 | -€11,143 | -19.7% |
| Financial debts | 170/4 | €56,571 | €45,429 | -€11,143 | -19.7% |
| Amounts payable within one year | 42/48 | €50,685 | €46,707 | -€3,979 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €11,143 | €11,143 | = | 0.0% |
| Trade debts | 44 | €37,106 | €19,628 | -€17,479 | -47.1% |
| Suppliers | 440/4 | €37,106 | €19,628 | -€17,479 | -47.1% |
| Taxes, remuneration and social security | 45 | €300 | €149 | -€151 | -50.2% |
| Taxes | 450/3 | €300 | €149 | -€151 | -50.2% |
| Other amounts payable | 47/48 | €2,136 | €15,787 | +€13,650 | +639% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,589 | €18,589 | = | 0.0% |
| Other operating charges | 640/8 | €721 | €735 | +€14 | +1.9% |
| Gross operating margin | 9900 | €20,045 | €16,649 | -€3,397 | -16.9% |
| Operating profit (loss) | 9901 | €736 | -€2,675 | -€3,411 | |
| Financial charges | 65/66B | €1,311 | €1,323 | +€12 | +0.9% |
| Recurring financial charges | 65 | €1,311 | €1,323 | +€12 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€576 | -€3,998 | -€3,423 | -595% |
| Transfer from deferred taxes | 780 | €1,379 | €1,379 | = | 0.0% |
| Income taxes | 67/77 | €300 | €149 | -€151 | -50.2% |
| Profit (loss) for the period | 9904 | €504 | -€2,768 | -€3,272 | |
| Transfer from tax-exempt reserves | 789 | €3,399 | €3,399 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,903 | €631 | -€3,272 | -83.8% |
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 24 October 2026 via checked.be.