MARAL CONSULT: 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.
MARAL CONSULT
Largest movements
- Cash +€30,797
up €30,797 (+37.3%), from €82,464 to €113,261
mainly Net result for the year (+€28,426) and Trade debts (+€14,763)
- Receivables after one year +€4,000
new in 2025: €4,000
- Financial fixed assets +€2,479
new in 2025: €2,479
- Reserves +€28,426
up €28,426 (+66.3%), from €42,899 to €71,325
- Trade debts +€14,763
up €14,763 (+119.5%), from €12,351 to €27,113
- Tax, wage and social debts -€5,605
down €5,605 (-20.1%), from €27,935 to €22,330
- Gross operating margin -€19,171
down €19,171 (-31.5%), from €60,870 to €41,699
- Taxes -€4,337
down €4,337 (-32.7%), from €13,255 to €8,918
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 | €88,440 | €126,092 | +€37,652 | +42.6% |
| Fixed assets | 21/28 | €5,976 | €8,831 | +€2,855 | +47.8% |
| Tangible fixed assets | 22/27 | €5,976 | €6,352 | +€376 | +6.3% |
| Furniture and vehicles | 24 | €5,976 | €6,352 | +€376 | +6.3% |
| Financial fixed assets | 28 | - | €2,479 | +€2,479 | |
| Current assets | 29/58 | €82,464 | €117,261 | +€34,797 | +42.2% |
| Amounts receivable after more than one year | 29 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 291 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €82,464 | €113,261 | +€30,797 | +37.3% |
| Total equity and liabilities | 10/49 | €88,440 | €126,092 | +€37,652 | +42.6% |
| Equity | 10/15 | €47,899 | €76,325 | +€28,426 | +59.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,899 | €71,325 | +€28,426 | +66.3% |
| Distributable reserves | 133 | €42,899 | €71,325 | +€28,426 | +66.3% |
| Amounts payable | 17/49 | €40,541 | €49,767 | +€9,226 | +22.8% |
| Amounts payable within one year | 42/48 | €40,541 | €49,767 | +€9,226 | +22.8% |
| Trade debts | 44 | €12,351 | €27,113 | +€14,763 | +119.5% |
| Suppliers | 440/4 | €12,351 | €27,113 | +€14,763 | +119.5% |
| Taxes, remuneration and social security | 45 | €27,935 | €22,330 | -€5,605 | -20.1% |
| Taxes | 450/3 | €27,935 | €22,330 | -€5,605 | -20.1% |
| Other amounts payable | 47/48 | €255 | €324 | +€68 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €1,542 | +€86 | +5.9% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €60,870 | €41,699 | -€19,171 | -31.5% |
| Operating profit (loss) | 9901 | €59,413 | €40,036 | -€19,377 | -32.6% |
| Financial income | 75/76B | €0 | €90 | +€90 | +33185.2% |
| Recurring financial income | 75 | €0 | €90 | +€90 | +33185.2% |
| Financial charges | 65/66B | €3,259 | €2,783 | -€477 | -14.6% |
| Recurring financial charges | 65 | €3,259 | €2,783 | -€477 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €56,154 | €37,344 | -€18,810 | -33.5% |
| Income taxes | 67/77 | €13,255 | €8,918 | -€4,337 | -32.7% |
| Profit (loss) for the period | 9904 | €42,899 | €28,426 | -€14,474 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,899 | €28,426 | -€14,474 | -33.7% |
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 6 October 2026 via checked.be.