MARANATA: 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.
MARANATA
Largest movements
- Receivables within one year +€42,474
up €42,474 (+16.6%), from €255,231 to €297,705
of which Other amounts receivable: +€26,944
- Tangible fixed assets -€9,038
down €9,038 (-95.5%), from €9,461 to €424
of which Furniture and vehicles: -€8,945
- Cash +€3,137
up €3,137 (+149%), from €2,104 to €5,241
mainly Net result for the year (+€52,037) and Other debts (+€28,500)
- Other debts +€28,500
new in 2025: €28,500
- Profit (loss) carried forward +€22,037
up €22,037 (+36.2%), from €60,915 to €82,952
- Tax, wage and social debts +€10,719
up €10,719 (+39.7%), from €27,005 to €37,723
- Advances received -€9,548
no longer reported in 2025 (was €9,548)
- Trade debts -€8,320
down €8,320 (-56.8%), from €14,660 to €6,339
- Gross operating margin +€54,393
up €54,393 (+179%), from €30,444 to €84,837
- Taxes +€17,733
up €17,733 (+225%), from €7,895 to €25,628
- Other operating charges -€1,832
down €1,832 (-20.4%), from €8,962 to €7,130
- Financial charges +€1,628
up €1,628 (+589%), from €276 to €1,904
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 | €266,796 | €303,466 | +€36,670 | +13.7% |
| Fixed assets | 21/28 | €9,461 | €520 | -€8,941 | -94.5% |
| Tangible fixed assets | 22/27 | €9,461 | €424 | -€9,038 | -95.5% |
| Plant, machinery and equipment | 23 | €220 | €127 | -€93 | -42.4% |
| Furniture and vehicles | 24 | €9,241 | €297 | -€8,945 | -96.8% |
| Financial fixed assets | 28 | - | €97 | +€97 | |
| Current assets | 29/58 | €257,335 | €302,946 | +€45,611 | +17.7% |
| Amounts receivable within one year | 40/41 | €255,231 | €297,705 | +€42,474 | +16.6% |
| Trade receivables | 40 | €67,155 | €82,685 | +€15,530 | +23.1% |
| Other amounts receivable | 41 | €188,077 | €215,020 | +€26,944 | +14.3% |
| Cash at bank and in hand | 54/58 | €2,104 | €5,241 | +€3,137 | +149% |
| Total equity and liabilities | 10/49 | €266,796 | €303,466 | +€36,670 | +13.7% |
| Equity | 10/15 | €192,298 | €214,335 | +€22,037 | +11.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €131,284 | €131,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,284 | €11,284 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,284 | €11,284 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,915 | €82,952 | +€22,037 | +36.2% |
| Amounts payable | 17/49 | €74,498 | €89,131 | +€14,633 | +19.6% |
| Amounts payable after more than one year | 17 | €16,668 | €11,603 | -€5,065 | -30.4% |
| Financial debts | 170/4 | €16,668 | €11,603 | -€5,065 | -30.4% |
| Amounts payable within one year | 42/48 | €57,830 | €77,528 | +€19,698 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €6,617 | €4,965 | -€1,653 | -25.0% |
| Trade debts | 44 | €14,660 | €6,339 | -€8,320 | -56.8% |
| Suppliers | 440/4 | €14,660 | €6,339 | -€8,320 | -56.8% |
| Advances received on contracts in progress | 46 | €9,548 | - | -€9,548 | |
| Taxes, remuneration and social security | 45 | €27,005 | €37,723 | +€10,719 | +39.7% |
| Taxes | 450/3 | €27,005 | €37,723 | +€10,719 | +39.7% |
| Other amounts payable | 47/48 | - | €28,500 | +€28,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,004 | €9,038 | +€33 | +0.4% |
| Other operating charges | 640/8 | €8,962 | €7,130 | -€1,832 | -20.4% |
| Gross operating margin | 9900 | €30,444 | €84,837 | +€54,393 | +179% |
| Operating profit (loss) | 9901 | €12,478 | €68,669 | +€56,192 | +450% |
| Financial income | 75/76B | €11,508 | €10,900 | -€608 | -5.3% |
| Recurring financial income | 75 | €11,508 | €10,900 | -€608 | -5.3% |
| Financial charges | 65/66B | €276 | €1,904 | +€1,628 | +589% |
| Recurring financial charges | 65 | €276 | €1,904 | +€1,628 | +589% |
| Profit (loss) for the period before taxes | 9903 | €23,709 | €77,665 | +€53,955 | +228% |
| Income taxes | 67/77 | €7,895 | €25,628 | +€17,733 | +225% |
| Profit (loss) for the period | 9904 | €15,815 | €52,037 | +€36,222 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €15,815 | €52,037 | +€36,222 | +229% |
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 13 October 2026 via checked.be.