MARAN GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Receivables within one year +€42,134
up €42,134 (+75.0%), from €56,160 to €98,294
of which Trade receivables: +€50,663
- Tangible fixed assets +€33,122
up €33,122 (+8.7%), from €380,611 to €413,733
of which Land and buildings: +€36,063
- Debts after one year +€510,093
up €510,093 (+955.7%), from €53,376 to €563,469
of which Other amounts payable: +€563,469
- Other debts -€362,463
no longer reported in 2025 (was €362,463)
- Profit (loss) carried forward -€42,610
down €42,610 (-97.8%), from -€43,581 to -€86,191
- Current portion of long-term debt -€27,513
down €27,513 (-94.8%), from €29,013 to €1,500
- Gross operating margin -€72,222
down €72,222, from €68,254 to -€3,968
- Depreciation +€4,584
up €4,584 (+15.8%), from €29,042 to €33,626
- Other operating charges -€1,470
down €1,470 (-41.4%), from €3,550 to €2,079
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 | €446,521 | €520,032 | +€73,511 | +16.5% |
| Fixed assets | 21/28 | €380,613 | €413,733 | +€33,120 | +8.7% |
| Tangible fixed assets | 22/27 | €380,611 | €413,733 | +€33,122 | +8.7% |
| Land and buildings | 22 | €364,206 | €400,269 | +€36,063 | +9.9% |
| Furniture and vehicles | 24 | €16,405 | €13,464 | -€2,940 | -17.9% |
| Financial fixed assets | 28 | €2 | €0 | -€2 | -100.0% |
| Current assets | 29/58 | €65,908 | €106,299 | +€40,391 | +61.3% |
| Amounts receivable within one year | 40/41 | €56,160 | €98,294 | +€42,134 | +75.0% |
| Trade receivables | 40 | €72 | €50,734 | +€50,663 | +70857.1% |
| Other amounts receivable | 41 | €56,089 | €47,559 | -€8,529 | -15.2% |
| Cash at bank and in hand | 54/58 | €7,786 | €6,990 | -€796 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,963 | €1,015 | -€947 | -48.3% |
| Total equity and liabilities | 10/49 | €446,521 | €520,032 | +€73,511 | +16.5% |
| Equity | 10/15 | -€4,371 | -€46,981 | -€42,610 | -974.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Distributable reserves | 133 | €20,610 | €20,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,581 | -€86,191 | -€42,610 | -97.8% |
| Amounts payable | 17/49 | €450,892 | €567,013 | +€116,121 | +25.8% |
| Amounts payable after more than one year | 17 | €53,376 | €563,469 | +€510,093 | +955.7% |
| Financial debts | 170/4 | €53,376 | - | -€53,376 | |
| Other amounts payable | 178/9 | - | €563,469 | +€563,469 | |
| Amounts payable within one year | 42/48 | €397,516 | €3,544 | -€393,972 | -99.1% |
| Current portion of amounts payable after more than one year | 42 | €29,013 | €1,500 | -€27,513 | -94.8% |
| Trade debts | 44 | €1,708 | - | -€1,708 | |
| Suppliers | 440/4 | €1,708 | €0 | -€1,708 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,333 | €2,044 | -€2,289 | -52.8% |
| Taxes | 450/3 | €1,833 | €2,044 | +€211 | +11.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €362,463 | - | -€362,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,042 | €33,626 | +€4,584 | +15.8% |
| Other operating charges | 640/8 | €3,550 | €2,079 | -€1,470 | -41.4% |
| Gross operating margin | 9900 | €68,254 | -€3,968 | -€72,222 | |
| Operating profit (loss) | 9901 | €35,662 | -€39,673 | -€75,335 | |
| Financial income | 75/76B | €224 | €632 | +€408 | +181.9% |
| Recurring financial income | 75 | €224 | €632 | +€408 | +181.9% |
| Financial charges | 65/66B | €3,710 | €3,385 | -€325 | -8.8% |
| Recurring financial charges | 65 | €3,710 | €3,385 | -€325 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €32,176 | -€42,426 | -€74,602 | |
| Income taxes | 67/77 | €262 | €184 | -€77 | -29.6% |
| Profit (loss) for the period | 9904 | €31,915 | -€42,610 | -€74,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,915 | -€42,610 | -€74,525 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.