Maranne: 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.
Maranne
Largest movements
- Cash -€163,617
down €163,617 (-72.0%), from €227,195 to €63,578
mainly Trade debts (-€129,988) and Net result for the year (-€25,883)
- Tangible fixed assets -€12,492
down €12,492 (-4.9%), from €255,888 to €243,395
- Trade debts -€129,988
down €129,988 (-85.1%), from €152,690 to €22,702
- Profit (loss) carried forward -€25,883
down €25,883 (-19.4%), from -€133,469 to -€159,353
- Debts after one year -€20,849
down €20,849 (-11.3%), from €185,108 to €164,259
- Gross operating margin +€23,222
up €23,222 (+85.0%), from -€27,333 to -€4,111
- Financial charges -€5,232
down €5,232 (-46.6%), from €11,223 to €5,992
- Other operating charges +€929
up €929 (+50.2%), from €1,849 to €2,778
- Depreciation -€793
down €793 (-6.0%), from €13,285 to €12,492
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 | €483,082 | €306,973 | -€176,109 | -36.5% |
| Fixed assets | 21/28 | €255,888 | €243,395 | -€12,492 | -4.9% |
| Tangible fixed assets | 22/27 | €255,888 | €243,395 | -€12,492 | -4.9% |
| Land and buildings | 22 | €255,888 | €243,395 | -€12,492 | -4.9% |
| Current assets | 29/58 | €227,195 | €63,578 | -€163,617 | -72.0% |
| Cash at bank and in hand | 54/58 | €227,195 | €63,578 | -€163,617 | -72.0% |
| Total equity and liabilities | 10/49 | €483,082 | €306,973 | -€176,109 | -36.5% |
| Equity | 10/15 | -€19,191 | -€45,074 | -€25,883 | -134.9% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Capital | 10 | €69,410 | €69,410 | = | 0.0% |
| Issued capital | 100 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €44,869 | €44,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,167 | €39,167 | = | 0.0% |
| Legal reserve | 130 | €39,167 | €39,167 | = | 0.0% |
| Distributable reserves | 133 | €5,702 | €5,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,469 | -€159,353 | -€25,883 | -19.4% |
| Amounts payable | 17/49 | €502,273 | €352,047 | -€150,226 | -29.9% |
| Amounts payable after more than one year | 17 | €185,108 | €164,259 | -€20,849 | -11.3% |
| Financial debts | 170/4 | €185,108 | €164,259 | -€20,849 | -11.3% |
| Amounts payable within one year | 42/48 | €317,165 | €187,787 | -€129,377 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €20,238 | €20,849 | +€611 | +3.0% |
| Trade debts | 44 | €152,690 | €22,702 | -€129,988 | -85.1% |
| Suppliers | 440/4 | €152,690 | €22,702 | -€129,988 | -85.1% |
| Other amounts payable | 47/48 | €144,237 | €144,237 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,285 | €12,492 | -€793 | -6.0% |
| Other operating charges | 640/8 | €1,849 | €2,778 | +€929 | +50.2% |
| Non-recurring operating charges | 66A | - | €510 | +€510 | |
| Gross operating margin | 9900 | -€27,333 | -€4,111 | +€23,222 | +85.0% |
| Operating profit (loss) | 9901 | -€42,467 | -€19,891 | +€22,576 | +53.2% |
| Financial charges | 65/66B | €11,223 | €5,992 | -€5,232 | -46.6% |
| Recurring financial charges | 65 | €11,223 | €5,992 | -€5,232 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,691 | -€25,883 | +€27,808 | +51.8% |
| Profit (loss) for the period | 9904 | -€53,691 | -€25,883 | +€27,808 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,691 | -€25,883 | +€27,808 | +51.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.