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
- Cash +€1,161
up €1,161 (+73.6%), from €1,578 to €2,738
mainly Net result for the year (+€3,833) and Depreciation (+€186)
- Profit (loss) carried forward +€3,833
up €3,833 (+12.0%), from -€31,954 to -€28,121
- Other debts -€2,626
down €2,626 (-5.9%), from €44,432 to €41,806
- Gross operating margin +€132
up €132 (+2.2%), from €5,900 to €6,032
- Other operating charges +€90
up €90 (+5.3%), from €1,681 to €1,771
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 | €43,845 | €44,819 | +€974 | +2.2% |
| Fixed assets | 21/28 | €42,267 | €42,081 | -€186 | -0.4% |
| Tangible fixed assets | 22/27 | €42,267 | €42,081 | -€186 | -0.4% |
| Land and buildings | 22 | €42,081 | €42,081 | = | 0.0% |
| Plant, machinery and equipment | 23 | €186 | €0 | -€186 | -100.0% |
| Current assets | 29/58 | €1,578 | €2,738 | +€1,161 | +73.6% |
| Cash at bank and in hand | 54/58 | €1,578 | €2,738 | +€1,161 | +73.6% |
| Total equity and liabilities | 10/49 | €43,845 | €44,819 | +€974 | +2.2% |
| Equity | 10/15 | -€967 | €2,866 | +€3,833 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,954 | -€28,121 | +€3,833 | +12.0% |
| Amounts payable | 17/49 | €44,812 | €41,954 | -€2,859 | -6.4% |
| Amounts payable within one year | 42/48 | €44,812 | €41,954 | -€2,859 | -6.4% |
| Trade debts | 44 | €381 | €147 | -€233 | -61.3% |
| Suppliers | 440/4 | €381 | €147 | -€233 | -61.3% |
| Other amounts payable | 47/48 | €44,432 | €41,806 | -€2,626 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €186 | = | 0.0% |
| Other operating charges | 640/8 | €1,681 | €1,771 | +€90 | +5.3% |
| Gross operating margin | 9900 | €5,900 | €6,032 | +€132 | +2.2% |
| Operating profit (loss) | 9901 | €4,032 | €4,075 | +€43 | +1.1% |
| Financial charges | 65/66B | €259 | €242 | -€17 | -6.6% |
| Recurring financial charges | 65 | €259 | €242 | -€17 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €3,774 | €3,833 | +€60 | +1.6% |
| Profit (loss) for the period | 9904 | €3,774 | €3,833 | +€60 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,774 | €3,833 | +€60 | +1.6% |
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 12 October 2026 via checked.be.