MARAMA: 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.
MARAMA
Largest movements
- Cash +€3,565
up €3,565 (+122%), from €2,920 to €6,485
mainly Trade debts (+€21,253) and Other debts (+€8,144)
- Tangible fixed assets -€1,377
down €1,377 (-34.4%), from €4,008 to €2,631
- Stocks and contracts +€1,005
new in 2024: €1,005
- Receivables within one year +€711
up €711 (+3.4%), from €20,944 to €21,654
of which Trade receivables: +€1,513
- Profit (loss) carried forward -€25,620
down €25,620, from €905 to -€24,715
- Trade debts +€21,253
up €21,253 (+129%), from €16,456 to €37,708
- Other debts +€8,144
new in 2024: €8,144
- Gross operating margin -€25,737
down €25,737, from €1,724 to -€24,013
- Depreciation +€1,212
up €1,212 (+733%), from €165 to €1,377
- Other operating charges -€655
no longer reported in 2024 (was €655)
- Financial income -€516
no longer reported in 2024 (was €516)
- Taxes -€383
down €383 (-75.0%), from €511 to €128
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,872 | €31,776 | +€3,904 | +14.0% |
| Fixed assets | 21/28 | €4,008 | €2,631 | -€1,377 | -34.4% |
| Tangible fixed assets | 22/27 | €4,008 | €2,631 | -€1,377 | -34.4% |
| Furniture and vehicles | 24 | €4,008 | €2,631 | -€1,377 | -34.4% |
| Current assets | 29/58 | €23,864 | €29,145 | +€5,281 | +22.1% |
| Stocks and contracts in progress | 3 | - | €1,005 | +€1,005 | |
| Stocks | 30/36 | - | €1,005 | +€1,005 | |
| Amounts receivable within one year | 40/41 | €20,944 | €21,654 | +€711 | +3.4% |
| Trade receivables | 40 | - | €1,513 | +€1,513 | |
| Other amounts receivable | 41 | €20,944 | €20,142 | -€802 | -3.8% |
| Cash at bank and in hand | 54/58 | €2,920 | €6,485 | +€3,565 | +122% |
| Total equity and liabilities | 10/49 | €27,872 | €31,776 | +€3,904 | +14.0% |
| Equity | 10/15 | €10,905 | -€14,715 | -€25,620 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €905 | -€24,715 | -€25,620 | |
| Amounts payable | 17/49 | €16,967 | €46,491 | +€29,524 | +174% |
| Amounts payable within one year | 42/48 | €16,967 | €46,491 | +€29,524 | +174% |
| Trade debts | 44 | €16,456 | €37,708 | +€21,253 | +129% |
| Suppliers | 440/4 | €16,456 | €37,708 | +€21,253 | +129% |
| Taxes, remuneration and social security | 45 | €511 | €639 | +€128 | +25.0% |
| Taxes | 450/3 | €511 | €639 | +€128 | +25.0% |
| Other amounts payable | 47/48 | - | €8,144 | +€8,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €1,377 | +€1,212 | +733% |
| Other operating charges | 640/8 | €655 | - | -€655 | |
| Gross operating margin | 9900 | €1,724 | -€24,013 | -€25,737 | |
| Operating profit (loss) | 9901 | €903 | -€25,390 | -€26,293 | |
| Financial income | 75/76B | €516 | - | -€516 | |
| Recurring financial income | 75 | €516 | - | -€516 | |
| Financial charges | 65/66B | €3 | €103 | +€100 | +4,000% |
| Recurring financial charges | 65 | €3 | €103 | +€100 | +4,000% |
| Profit (loss) for the period before taxes | 9903 | €1,417 | -€25,492 | -€26,909 | |
| Income taxes | 67/77 | €511 | €128 | -€383 | -75.0% |
| Profit (loss) for the period | 9904 | €905 | -€25,620 | -€26,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €905 | -€25,620 | -€26,526 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.