MARAITE: what changed
Two fiscal 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.
MARAITE
Largest movements
- Receivables after one year +€23,000
new in 2025: €23,000
- Cash +€22,111
up €22,111 (+19.0%), from €116,395 to €138,506
mainly Net result for the year (+€53,974) and Receivables within one year (+€1,248)
- Reserves +€53,974
up €53,974 (+59.5%), from €90,735 to €144,709
- Tax, wage and social debts -€10,426
down €10,426 (-37.1%), from €28,070 to €17,644
- Gross operating margin +€4,615
up €4,615 (+6.9%), from €66,993 to €71,607
- Taxes +€979
up €979 (+7.6%), from €12,953 to €13,933
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.
Cash bridge derived
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 | €123,959 | €167,165 | +€43,206 | +34.9% |
| Fixed assets | 21/28 | €1,182 | €880 | -€302 | -25.6% |
| Tangible fixed assets | 22/27 | €1,182 | €880 | -€302 | -25.6% |
| Land and buildings | 22 | €1,182 | €880 | -€302 | -25.6% |
| Current assets | 29/58 | €122,777 | €166,285 | +€43,508 | +35.4% |
| Amounts receivable after more than one year | 29 | - | €23,000 | +€23,000 | |
| Other amounts receivable | 291 | - | €23,000 | +€23,000 | |
| Amounts receivable within one year | 40/41 | €4,863 | €3,615 | -€1,248 | -25.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,863 | €3,615 | -€1,248 | -25.7% |
| Cash at bank and in hand | 54/58 | €116,395 | €138,506 | +€22,111 | +19.0% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,164 | -€355 | -23.4% |
| Total equity and liabilities | 10/49 | €123,959 | €167,165 | +€43,206 | +34.9% |
| Equity | 10/15 | €93,735 | €147,709 | +€53,974 | +57.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,735 | €144,709 | +€53,974 | +59.5% |
| Distributable reserves | 133 | €90,735 | €144,709 | +€53,974 | +59.5% |
| Amounts payable | 17/49 | €30,224 | €19,456 | -€10,769 | -35.6% |
| Amounts payable within one year | 42/48 | €30,224 | €19,456 | -€10,769 | -35.6% |
| Trade debts | 44 | €2,154 | €1,811 | -€343 | -15.9% |
| Suppliers | 440/4 | €2,154 | €1,811 | -€343 | -15.9% |
| Taxes, remuneration and social security | 45 | €28,070 | €17,644 | -€10,426 | -37.1% |
| Taxes | 450/3 | €28,070 | €17,644 | -€10,426 | -37.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €302 | -€0 | 0.0% |
| Other operating charges | 640/8 | €657 | €857 | +€199 | +30.3% |
| Gross operating margin | 9900 | €66,993 | €71,607 | +€4,615 | +6.9% |
| Operating profit (loss) | 9901 | €66,033 | €70,449 | +€4,415 | +6.7% |
| Financial income | 75/76B | €76 | €782 | +€706 | +934.4% |
| Recurring financial income | 75 | €76 | €782 | +€706 | +934.4% |
| Financial charges | 65/66B | €3,586 | €3,323 | -€262 | -7.3% |
| Recurring financial charges | 65 | €3,586 | €3,323 | -€262 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €62,523 | €67,907 | +€5,384 | +8.6% |
| Income taxes | 67/77 | €12,953 | €13,933 | +€979 | +7.6% |
| Profit (loss) for the period | 9904 | €49,570 | €53,974 | +€4,404 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,570 | €53,974 | +€4,404 | +8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.