MARANN: 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.
MARANN
Largest movements
- Tangible fixed assets -€29,755
down €29,755 (-4.6%), from €645,280 to €615,525
of which Land and buildings: -€29,732
- Other debts -€105,703
down €105,703 (-33.8%), from €312,613 to €206,910
- Reserves +€103,043
up €103,043 (+13.0%), from €792,721 to €895,764
- Debts after one year -€33,850
down €33,850 (-6.1%), from €550,687 to €516,837
of which Financial debts: -€34,550
- Gross operating margin +€131,064
up €131,064 (+166.9%), from €78,515 to €209,579
- Taxes +€36,525
up €36,525 (+612.8%), from €5,961 to €42,485
- Financial charges +€2,902
up €2,902 (+12.5%), from €23,245 to €26,146
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 | €1,717,186 | €1,691,923 | -€25,263 | -1.5% |
| Fixed assets | 21/28 | €1,695,790 | €1,666,035 | -€29,755 | -1.8% |
| Tangible fixed assets | 22/27 | €645,280 | €615,525 | -€29,755 | -4.6% |
| Land and buildings | 22 | €645,257 | €615,525 | -€29,732 | -4.6% |
| Furniture and vehicles | 24 | €23 | €0 | -€23 | -100.0% |
| Financial fixed assets | 28 | €1,050,510 | €1,050,510 | = | 0.0% |
| Current assets | 29/58 | €21,396 | €25,888 | +€4,492 | +21.0% |
| Amounts receivable within one year | 40/41 | €17,779 | €20,813 | +€3,034 | +17.1% |
| Trade receivables | 40 | €626 | €0 | -€626 | -100.0% |
| Other amounts receivable | 41 | €17,153 | €20,813 | +€3,660 | +21.3% |
| Cash at bank and in hand | 54/58 | €3,532 | €3,730 | +€198 | +5.6% |
| Deferred charges and accrued income | 490/1 | €85 | €1,345 | +€1,260 | +1482.5% |
| Total equity and liabilities | 10/49 | €1,717,186 | €1,691,923 | -€25,263 | -1.5% |
| Equity | 10/15 | €811,321 | €914,364 | +€103,043 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €792,721 | €895,764 | +€103,043 | +13.0% |
| Distributable reserves | 133 | €792,721 | €895,764 | +€103,043 | +13.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €905,865 | €777,559 | -€128,306 | -14.2% |
| Amounts payable after more than one year | 17 | €550,687 | €516,837 | -€33,850 | -6.1% |
| Financial debts | 170/4 | €550,687 | €516,137 | -€34,550 | -6.3% |
| Other amounts payable | 178/9 | €0 | €700 | +€700 | |
| Amounts payable within one year | 42/48 | €354,388 | €250,269 | -€104,119 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €34,550 | €34,550 | = | 0.0% |
| Trade debts | 44 | €738 | €5,016 | +€4,277 | +579.4% |
| Suppliers | 440/4 | €738 | €5,016 | +€4,277 | +579.4% |
| Taxes, remuneration and social security | 45 | €6,487 | €3,794 | -€2,693 | -41.5% |
| Taxes | 450/3 | €6,487 | €3,794 | -€2,693 | -41.5% |
| Other amounts payable | 47/48 | €312,613 | €206,910 | -€105,703 | -33.8% |
| Accrued charges and deferred income | 492/3 | €790 | €10,453 | +€9,663 | +1223.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,984 | €29,755 | -€1,230 | -4.0% |
| Other operating charges | 640/8 | €5,840 | €6,316 | +€476 | +8.2% |
| Gross operating margin | 9900 | €78,515 | €209,579 | +€131,064 | +166.9% |
| Operating profit (loss) | 9901 | €41,690 | €173,508 | +€131,818 | +316.2% |
| Financial income | 75/76B | €43 | €0 | -€43 | -100.0% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -100.0% |
| Financial charges | 65/66B | €23,245 | €26,146 | +€2,902 | +12.5% |
| Recurring financial charges | 65 | €23,245 | €26,146 | +€2,902 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €18,489 | €147,361 | +€128,873 | +697.0% |
| Income taxes | 67/77 | €5,961 | €42,485 | +€36,525 | +612.8% |
| Profit (loss) for the period | 9904 | €12,528 | €104,876 | +€92,348 | +737.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,528 | €104,876 | +€92,348 | +737.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.