MARANNI: 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.
MARANNI
Largest movements
- Stocks and contracts +€36,726
up €36,726 (+18.2%), from €201,811 to €238,537
- Cash -€36,122
down €36,122 (-11.8%), from €304,860 to €268,737
mainly Contributions, distributions and other (-€46,000) and Stocks and contracts (-€36,726)
- Tangible fixed assets -€22,988
down €22,988 (-10.4%), from €220,477 to €197,490
of which Furniture and vehicles: -€25,362
- Receivables within one year -€18,212
down €18,212 (-6.1%), from €298,605 to €280,393
of which Trade receivables: -€23,009
- Debts after one year -€33,651
down €33,651 (-55.0%), from €61,157 to €27,506
- Reserves +€21,500
up €21,500 (+3.8%), from €561,920 to €583,420
of which Distributable reserves: +€34,100
- Trade debts -€17,172
down €17,172 (-21.8%), from €78,888 to €61,716
- Tax, wage and social debts -€12,697
down €12,697 (-72.7%), from €17,473 to €4,776
of which Taxes: -€13,466
- Gross operating margin +€53,533
up €53,533 (+47.3%), from €113,127 to €166,660
- Taxes +€11,459
up €11,459 (+82.4%), from €13,901 to €25,360
- Financial income -€9,941
down €9,941 (-68.7%), from €14,470 to €4,529
- Staff costs +€8,286
up €8,286 (+63.3%), from €13,090 to €21,375
- Other operating charges -€6,562
down €6,562 (-86.0%), from €7,630 to €1,068
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 | €1,036,440 | €988,341 | -€48,099 | -4.6% |
| Fixed assets | 21/28 | €222,334 | €199,471 | -€22,863 | -10.3% |
| Tangible fixed assets | 22/27 | €220,477 | €197,490 | -€22,988 | -10.4% |
| Land and buildings | 22 | €54,026 | €52,333 | -€1,694 | -3.1% |
| Plant, machinery and equipment | 23 | €93,393 | €97,461 | +€4,067 | +4.4% |
| Furniture and vehicles | 24 | €73,058 | €47,696 | -€25,362 | -34.7% |
| Financial fixed assets | 28 | €1,856 | €1,981 | +€125 | +6.7% |
| Current assets | 29/58 | €814,106 | €788,870 | -€25,237 | -3.1% |
| Stocks and contracts in progress | 3 | €201,811 | €238,537 | +€36,726 | +18.2% |
| Stocks | 30/36 | €201,811 | €238,537 | +€36,726 | +18.2% |
| Amounts receivable within one year | 40/41 | €298,605 | €280,393 | -€18,212 | -6.1% |
| Trade receivables | 40 | €270,309 | €247,300 | -€23,009 | -8.5% |
| Other amounts receivable | 41 | €28,296 | €33,093 | +€4,797 | +17.0% |
| Cash at bank and in hand | 54/58 | €304,860 | €268,737 | -€36,122 | -11.8% |
| Deferred charges and accrued income | 490/1 | €8,831 | €1,202 | -€7,628 | -86.4% |
| Total equity and liabilities | 10/49 | €1,036,440 | €988,341 | -€48,099 | -4.6% |
| Equity | 10/15 | €732,921 | €754,443 | +€21,522 | +2.9% |
| Contributions | 10/11 | €170,878 | €170,878 | = | 0.0% |
| Contributions outside capital | 11 | €170,878 | €170,878 | = | 0.0% |
| Other | 1109/19 | €170,878 | €170,878 | = | 0.0% |
| Reserves | 13 | €561,920 | €583,420 | +€21,500 | +3.8% |
| Non-distributable reserves | 130/1 | €18,600 | €6,000 | -€12,600 | -67.7% |
| Legal reserve | 130 | €18,600 | €6,000 | -€12,600 | -67.7% |
| Distributable reserves | 133 | €543,320 | €577,420 | +€34,100 | +6.3% |
| Profit (loss) carried forward | 14 | €122 | €145 | +€22 | +18.1% |
| Amounts payable | 17/49 | €303,519 | €233,898 | -€69,622 | -22.9% |
| Amounts payable after more than one year | 17 | €61,157 | €27,506 | -€33,651 | -55.0% |
| Financial debts | 170/4 | €61,157 | €27,506 | -€33,651 | -55.0% |
| Amounts payable within one year | 42/48 | €208,499 | €179,194 | -€29,305 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €33,087 | €33,651 | +€563 | +1.7% |
| Trade debts | 44 | €78,888 | €61,716 | -€17,172 | -21.8% |
| Suppliers | 440/4 | €78,888 | €61,716 | -€17,172 | -21.8% |
| Taxes, remuneration and social security | 45 | €17,473 | €4,776 | -€12,697 | -72.7% |
| Taxes | 450/3 | €16,578 | €3,111 | -€13,466 | -81.2% |
| Remuneration and social security | 454/9 | €895 | €1,664 | +€769 | +86.0% |
| Other amounts payable | 47/48 | €79,051 | €79,051 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €33,864 | €27,198 | -€6,665 | -19.7% |
| Remuneration, social security and pensions | 62 | €13,090 | €21,375 | +€8,286 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,745 | €52,427 | +€682 | +1.3% |
| Other operating charges | 640/8 | €7,630 | €1,068 | -€6,562 | -86.0% |
| Non-recurring operating charges | 66A | - | €162 | +€162 | |
| Gross operating margin | 9900 | €113,127 | €166,660 | +€53,533 | +47.3% |
| Operating profit (loss) | 9901 | €40,663 | €91,629 | +€50,966 | +125% |
| Financial income | 75/76B | €14,470 | €4,529 | -€9,941 | -68.7% |
| Recurring financial income | 75 | €14,470 | €4,529 | -€9,941 | -68.7% |
| Financial charges | 65/66B | €3,150 | €3,276 | +€126 | +4.0% |
| Recurring financial charges | 65 | €3,150 | €3,276 | +€126 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €51,983 | €92,882 | +€40,899 | +78.7% |
| Income taxes | 67/77 | €13,901 | €25,360 | +€11,459 | +82.4% |
| Profit (loss) for the period | 9904 | €38,082 | €67,522 | +€29,440 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,082 | €67,522 | +€29,440 | +77.3% |
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 20 October 2026 via checked.be.