MARAMO: 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.
MARAMO
Largest movements
- Cash -€1.3m
down €1.3m (-46.4%), from €2.8m to €1.5m
mainly Contributions, distributions and other (-€1.4m) and Tax, wage and social debts (-€5,164)
- Profit (loss) carried forward -€1.3m
down €1.3m (-49.2%), from €2.7m to €1.4m
- Gross operating margin -€23,145
down €23,145 (-11.3%), from €204,331 to €181,186
- Taxes -€6,316
down €6,316 (-15.5%), from €40,712 to €34,395
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 | €3,556,671 | €2,236,938 | -€1.3m | -37.1% |
| Fixed assets | 21/28 | €754,588 | €730,811 | -€23,776 | -3.2% |
| Tangible fixed assets | 22/27 | €754,588 | €730,611 | -€23,976 | -3.2% |
| Land and buildings | 22 | €754,588 | €730,611 | -€23,976 | -3.2% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €2,802,084 | €1,506,127 | -€1.3m | -46.2% |
| Amounts receivable within one year | 40/41 | €0 | €2,769 | +€2,769 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €2,769 | +€2,769 | |
| Cash at bank and in hand | 54/58 | €2,798,988 | €1,501,646 | -€1.3m | -46.4% |
| Deferred charges and accrued income | 490/1 | €3,095 | €1,713 | -€1,383 | -44.7% |
| Total equity and liabilities | 10/49 | €3,556,671 | €2,236,938 | -€1.3m | -37.1% |
| Equity | 10/15 | €3,505,914 | €2,165,294 | -€1.3m | -38.2% |
| Contributions | 10/11 | €712,500 | €712,500 | = | 0.0% |
| Capital | 10 | €712,500 | €712,500 | = | 0.0% |
| Issued capital | 100 | €712,500 | €712,500 | = | 0.0% |
| Reserves | 13 | €71,250 | €71,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,250 | €71,250 | = | 0.0% |
| Legal reserve | 130 | €71,250 | €71,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,722,164 | €1,381,544 | -€1.3m | -49.2% |
| Amounts payable | 17/49 | €50,757 | €71,645 | +€20,887 | +41.2% |
| Amounts payable within one year | 42/48 | €42,243 | €63,131 | +€20,889 | +49.4% |
| Trade debts | 44 | €31,881 | €57,934 | +€26,053 | +81.7% |
| Suppliers | 440/4 | €31,881 | €57,934 | +€26,053 | +81.7% |
| Taxes, remuneration and social security | 45 | €10,362 | €5,197 | -€5,164 | -49.8% |
| Taxes | 450/3 | €10,362 | €5,197 | -€5,164 | -49.8% |
| Accrued charges and deferred income | 492/3 | €8,515 | €8,513 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,798 | €23,976 | +€179 | +0.8% |
| Other operating charges | 640/8 | €29,104 | €30,345 | +€1,242 | +4.3% |
| Gross operating margin | 9900 | €204,331 | €181,186 | -€23,145 | -11.3% |
| Operating profit (loss) | 9901 | €151,430 | €126,865 | -€24,565 | -16.2% |
| Financial income | 75/76B | €8,381 | €7,320 | -€1,061 | -12.7% |
| Recurring financial income | 75 | €8,381 | €7,320 | -€1,061 | -12.7% |
| Financial charges | 65/66B | €378 | €410 | +€32 | +8.5% |
| Recurring financial charges | 65 | €378 | €410 | +€32 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €159,433 | €133,775 | -€25,658 | -16.1% |
| Income taxes | 67/77 | €40,712 | €34,395 | -€6,316 | -15.5% |
| Profit (loss) for the period | 9904 | €118,722 | €99,380 | -€19,342 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,722 | €99,380 | -€19,342 | -16.3% |
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 16 October 2026 via checked.be.