MARANCO: 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.
MARANCO
Largest movements
- Receivables within one year +€7,989
up €7,989 (+11158.8%), from €72 to €8,060
- Other debts +€9,189
up €9,189 (+27.9%), from €32,891 to €42,080
- Profit (loss) carried forward -€8,031
down €8,031 (-14.5%), from -€55,499 to -€63,530
- Trade debts +€5,512
new in 2025: €5,512
- Tax, wage and social debts +€1,321
up €1,321 (+1000.3%), from €132 to €1,453
- Gross operating margin -€6,696
down €6,696 (-597.1%), from -€1,121 to -€7,818
- Financial charges -€1,534
no longer reported in 2025 (was €1,534)
- Other operating charges +€214
new in 2025: €214
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 | €299 | €8,290 | +€7,991 | +2672.3% |
| Current assets | 29/58 | €299 | €8,290 | +€7,991 | +2672.3% |
| Amounts receivable within one year | 40/41 | €72 | €8,060 | +€7,989 | +11158.8% |
| Other amounts receivable | 41 | €72 | €8,060 | +€7,989 | +11158.8% |
| Cash at bank and in hand | 54/58 | €227 | €230 | +€3 | +1.1% |
| Total equity and liabilities | 10/49 | €299 | €8,290 | +€7,991 | +2672.3% |
| Equity | 10/15 | -€32,724 | -€40,755 | -€8,031 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,175 | €4,175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €958 | €958 | = | 0.0% |
| Distributable reserves | 133 | €1,357 | €1,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,499 | -€63,530 | -€8,031 | -14.5% |
| Amounts payable | 17/49 | €33,023 | €49,045 | +€16,023 | +48.5% |
| Amounts payable within one year | 42/48 | €33,023 | €49,045 | +€16,023 | +48.5% |
| Trade debts | 44 | - | €5,512 | +€5,512 | |
| Suppliers | 440/4 | - | €5,512 | +€5,512 | |
| Taxes, remuneration and social security | 45 | €132 | €1,453 | +€1,321 | +1000.3% |
| Taxes | 450/3 | €132 | €1,453 | +€1,321 | +1000.3% |
| Other amounts payable | 47/48 | €32,891 | €42,080 | +€9,189 | +27.9% |
| Other operating charges | 640/8 | - | €214 | +€214 | |
| Non-recurring operating charges | 66A | €2,322 | - | -€2,322 | |
| Gross operating margin | 9900 | -€1,121 | -€7,818 | -€6,696 | -597.1% |
| Operating profit (loss) | 9901 | -€3,444 | -€8,032 | -€4,588 | -133.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,534 | - | -€1,534 | |
| Recurring financial charges | 65 | €1,534 | - | -€1,534 | |
| Profit (loss) for the period before taxes | 9903 | -€4,978 | -€8,031 | -€3,054 | -61.3% |
| Profit (loss) for the period | 9904 | -€4,978 | -€8,031 | -€3,054 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,978 | -€8,031 | -€3,054 | -61.3% |
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.