MARAN: 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.
MARAN
Largest movements
- Tangible fixed assets -€3,894
down €3,894 (-3.1%), from €125,653 to €121,759
of which Land and buildings: -€40,653
- Cash -€2,305
down €2,305 (-55.6%), from €4,144 to €1,839
mainly Debts after one year (-€13,413) and Trade debts (-€606)
- Debts after one year -€13,413
down €13,413 (-12.3%), from €108,621 to €95,208
- Profit (loss) carried forward +€7,401
up €7,401 (+5.5%), from -€133,915 to -€126,514
- Gross operating margin -€6,020
down €6,020 (-31.9%), from €18,878 to €12,858
- Other operating charges -€610
down €610 (-52.4%), from €1,164 to €554
- Financial charges -€281
down €281 (-21.8%), from €1,290 to €1,009
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 | €129,797 | €123,598 | -€6,199 | -4.8% |
| Fixed assets | 21/28 | €125,653 | €121,759 | -€3,894 | -3.1% |
| Tangible fixed assets | 22/27 | €125,653 | €121,759 | -€3,894 | -3.1% |
| Land and buildings | 22 | €125,653 | €85,000 | -€40,653 | -32.4% |
| Plant, machinery and equipment | 23 | - | €36,759 | +€36,759 | |
| Current assets | 29/58 | €4,144 | €1,839 | -€2,305 | -55.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,144 | €1,839 | -€2,305 | -55.6% |
| Total equity and liabilities | 10/49 | €129,797 | €123,598 | -€6,199 | -4.8% |
| Equity | 10/15 | €20,479 | €27,880 | +€7,401 | +36.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €70,464 | €70,464 | +€0 | 0.0% |
| Reserves | 13 | €13,930 | €13,930 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,164 | €2,164 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €2,164 | €2,164 | -€0 | 0.0% |
| Distributable reserves | 133 | €11,766 | €11,766 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€133,915 | -€126,514 | +€7,401 | +5.5% |
| Amounts payable | 17/49 | €109,318 | €95,718 | -€13,600 | -12.4% |
| Amounts payable after more than one year | 17 | €108,621 | €95,208 | -€13,413 | -12.3% |
| Other amounts payable | 178/9 | €108,621 | €95,208 | -€13,413 | -12.3% |
| Amounts payable within one year | 42/48 | €696 | €510 | -€186 | -26.8% |
| Trade debts | 44 | €606 | - | -€606 | |
| Suppliers | 440/4 | €606 | - | -€606 | |
| Taxes, remuneration and social security | 45 | €91 | - | -€91 | |
| Taxes | 450/3 | €91 | - | -€91 | |
| Other amounts payable | 47/48 | - | €510 | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,894 | €3,894 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,164 | €554 | -€610 | -52.4% |
| Gross operating margin | 9900 | €18,878 | €12,858 | -€6,020 | -31.9% |
| Operating profit (loss) | 9901 | €13,820 | €8,410 | -€5,410 | -39.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,290 | €1,009 | -€281 | -21.8% |
| Recurring financial charges | 65 | €1,290 | €1,009 | -€281 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €12,530 | €7,401 | -€5,129 | -40.9% |
| Profit (loss) for the period | 9904 | €12,530 | €7,401 | -€5,129 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,530 | €7,401 | -€5,129 | -40.9% |
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 9 October 2026 via checked.be.