MARANY: 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.
MARANY
Largest movements
- Cash +€26,346
up €26,346 (+31.2%), from €84,362 to €110,708
mainly Net result for the year (+€31,756) and Depreciation (+€15,338)
- Tangible fixed assets -€9,291
down €9,291 (-15.4%), from €60,365 to €51,074
of which Furniture and vehicles: -€7,077
- Receivables within one year +€7,470
up €7,470 (+20.9%), from €35,709 to €43,179
of which Trade receivables: +€3,787
- Reserves +€31,756
up €31,756 (+13.1%), from €241,529 to €273,284
- Tax, wage and social debts -€11,458
down €11,458 (-30.1%), from €38,020 to €26,562
of which Taxes: -€12,386
- Trade debts +€5,384
up €5,384 (+33.6%), from €16,005 to €21,389
- Staff costs +€22,298
up €22,298 (+33.8%), from €66,022 to €88,321
- Gross operating margin +€9,794
up €9,794 (+7.5%), from €130,326 to €140,120
- Taxes -€5,175
down €5,175 (-28.5%), from €18,164 to €12,989
- Depreciation +€3,908
up €3,908 (+34.2%), from €11,429 to €15,338
- Financial income -€2,106
down €2,106 (-13.7%), from €15,411 to €13,305
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 | €331,783 | €354,137 | +€22,354 | +6.7% |
| Fixed assets | 21/28 | €60,444 | €51,153 | -€9,291 | -15.4% |
| Tangible fixed assets | 22/27 | €60,365 | €51,074 | -€9,291 | -15.4% |
| Land and buildings | 22 | €10,655 | €11,854 | +€1,200 | +11.3% |
| Plant, machinery and equipment | 23 | €19,121 | €15,708 | -€3,414 | -17.9% |
| Furniture and vehicles | 24 | €30,589 | €23,512 | -€7,077 | -23.1% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €271,339 | €302,984 | +€31,645 | +11.7% |
| Stocks and contracts in progress | 3 | €149,787 | €147,557 | -€2,231 | -1.5% |
| Stocks | 30/36 | €149,787 | €147,557 | -€2,231 | -1.5% |
| Amounts receivable within one year | 40/41 | €35,709 | €43,179 | +€7,470 | +20.9% |
| Trade receivables | 40 | - | €3,787 | +€3,787 | |
| Other amounts receivable | 41 | €35,709 | €39,393 | +€3,684 | +10.3% |
| Current investments | 50/53 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €84,362 | €110,708 | +€26,346 | +31.2% |
| Deferred charges and accrued income | 490/1 | €1,480 | €1,502 | +€22 | +1.5% |
| Total equity and liabilities | 10/49 | €331,783 | €354,137 | +€22,354 | +6.7% |
| Equity | 10/15 | €260,129 | €291,884 | +€31,756 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,529 | €273,284 | +€31,756 | +13.1% |
| Distributable reserves | 133 | €241,529 | €273,284 | +€31,756 | +13.1% |
| Amounts payable | 17/49 | €71,654 | €62,252 | -€9,401 | -13.1% |
| Amounts payable within one year | 42/48 | €71,392 | €61,991 | -€9,401 | -13.2% |
| Trade debts | 44 | €16,005 | €21,389 | +€5,384 | +33.6% |
| Suppliers | 440/4 | €16,005 | €21,389 | +€5,384 | +33.6% |
| Taxes, remuneration and social security | 45 | €38,020 | €26,562 | -€11,458 | -30.1% |
| Taxes | 450/3 | €31,304 | €18,919 | -€12,386 | -39.6% |
| Remuneration and social security | 454/9 | €6,716 | €7,643 | +€927 | +13.8% |
| Other amounts payable | 47/48 | €17,367 | €14,040 | -€3,327 | -19.2% |
| Accrued charges and deferred income | 492/3 | €262 | €262 | -€0 | -0.1% |
| Remuneration, social security and pensions | 62 | €66,022 | €88,321 | +€22,298 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,429 | €15,338 | +€3,908 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,598 | €1,574 | -€24 | -1.5% |
| Gross operating margin | 9900 | €130,326 | €140,120 | +€9,794 | +7.5% |
| Operating profit (loss) | 9901 | €51,276 | €34,887 | -€16,389 | -32.0% |
| Financial income | 75/76B | €15,411 | €13,305 | -€2,106 | -13.7% |
| Recurring financial income | 75 | €15,411 | €13,305 | -€2,106 | -13.7% |
| Financial charges | 65/66B | €3,047 | €3,447 | +€401 | +13.1% |
| Recurring financial charges | 65 | €3,047 | €3,447 | +€401 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €63,640 | €44,745 | -€18,895 | -29.7% |
| Income taxes | 67/77 | €18,164 | €12,989 | -€5,175 | -28.5% |
| Profit (loss) for the period | 9904 | €45,475 | €31,756 | -€13,720 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,475 | €31,756 | -€13,720 | -30.2% |
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 3 October 2026 via checked.be.