MARALEX SB: 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.
MARALEX SB
Largest movements
- Stocks and contracts +€26,537
new in 2025: €26,537
- Receivables within one year -€19,380
down €19,380 (-66.2%), from €29,280 to €9,899
of which Trade receivables: -€19,381
- Cash -€1,341
down €1,341 (-19.2%), from €6,985 to €5,644
mainly Stocks and contracts (-€26,537) and Trade debts (-€9,168)
- Tangible fixed assets -€765
down €765 (-35.3%), from €2,165 to €1,400
- Tax, wage and social debts +€10,482
up €10,482 (+130%), from €8,035 to €18,517
of which Remuneration and social security: +€5,375
- Trade debts -€9,168
down €9,168 (-74.4%), from €12,328 to €3,160
- Reserves +€3,238
up €3,238 (+35.2%), from €9,196 to €12,434
- Other debts +€500
new in 2025: €500
- Gross operating margin +€43,690
up €43,690 (+263%), from €16,607 to €60,298
- Staff costs +€43,173
new in 2025: €43,173
- Other operating charges +€5,043
up €5,043 (+262%), from €1,923 to €6,966
- Taxes +€1,627
up €1,627 (+40.3%), from €4,040 to €5,667
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 | €42,599 | €47,650 | +€5,051 | +11.9% |
| Fixed assets | 21/28 | €6,335 | €5,570 | -€765 | -12.1% |
| Tangible fixed assets | 22/27 | €2,165 | €1,400 | -€765 | -35.3% |
| Furniture and vehicles | 24 | €2,165 | €1,400 | -€765 | -35.3% |
| Financial fixed assets | 28 | €4,170 | €4,170 | = | 0.0% |
| Current assets | 29/58 | €36,264 | €42,080 | +€5,816 | +16.0% |
| Stocks and contracts in progress | 3 | - | €26,537 | +€26,537 | |
| Contracts in progress | 37 | - | €26,537 | +€26,537 | |
| Amounts receivable within one year | 40/41 | €29,280 | €9,899 | -€19,380 | -66.2% |
| Trade receivables | 40 | €29,272 | €9,891 | -€19,381 | -66.2% |
| Other amounts receivable | 41 | €7 | €8 | +€0 | +6.4% |
| Cash at bank and in hand | 54/58 | €6,985 | €5,644 | -€1,341 | -19.2% |
| Total equity and liabilities | 10/49 | €42,599 | €47,650 | +€5,051 | +11.9% |
| Equity | 10/15 | €22,235 | €25,473 | +€3,238 | +14.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,196 | €12,434 | +€3,238 | +35.2% |
| Distributable reserves | 133 | €9,196 | €12,434 | +€3,238 | +35.2% |
| Profit (loss) carried forward | 14 | €12,939 | €12,939 | = | 0.0% |
| Amounts payable | 17/49 | €20,364 | €22,177 | +€1,813 | +8.9% |
| Amounts payable within one year | 42/48 | €20,364 | €22,177 | +€1,813 | +8.9% |
| Trade debts | 44 | €12,328 | €3,160 | -€9,168 | -74.4% |
| Suppliers | 440/4 | €12,328 | €3,160 | -€9,168 | -74.4% |
| Taxes, remuneration and social security | 45 | €8,035 | €18,517 | +€10,482 | +130% |
| Taxes | 450/3 | €6,535 | €11,643 | +€5,107 | +78.1% |
| Remuneration and social security | 454/9 | €1,500 | €6,875 | +€5,375 | +358% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | - | €43,173 | +€43,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €765 | = | 0.0% |
| Other operating charges | 640/8 | €1,923 | €6,966 | +€5,043 | +262% |
| Gross operating margin | 9900 | €16,607 | €60,298 | +€43,690 | +263% |
| Operating profit (loss) | 9901 | €13,920 | €9,394 | -€4,525 | -32.5% |
| Financial income | 75/76B | €0 | €122 | +€122 | +1,219,900% |
| Recurring financial income | 75 | €0 | €122 | +€122 | +1,219,900% |
| Financial charges | 65/66B | €684 | €612 | -€73 | -10.6% |
| Recurring financial charges | 65 | €684 | €612 | -€73 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €13,235 | €8,905 | -€4,331 | -32.7% |
| Income taxes | 67/77 | €4,040 | €5,667 | +€1,627 | +40.3% |
| Profit (loss) for the period | 9904 | €9,196 | €3,238 | -€5,958 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,196 | €3,238 | -€5,958 | -64.8% |
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 20 October 2026 via checked.be.