MARASTON: 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.
MARASTON
Largest movements
- Cash -€141,949
down €141,949 (-62.2%), from €228,279 to €86,330
mainly Receivables within one year (-€141,585) and Other debts (-€57,469)
- Receivables within one year +€141,585
up €141,585 (+1314.3%), from €10,773 to €152,358
- Deferred charges and accrued income +€16,664
up €16,664, from €0 to €16,664
- Other debts -€57,469
down €57,469 (-68.9%), from €83,469 to €26,000
- Debts after one year +€42,543
new in 2025: €42,543
- Trade debts +€17,326
up €17,326 (+326.3%), from €5,309 to €22,635
- Current portion of long-term debt +€5,623
new in 2025: €5,623
- Profit (loss) carried forward +€5,389
up €5,389 (+3.0%), from €180,970 to €186,359
- Gross operating margin -€72,176
down €72,176 (-55.3%), from €130,550 to €58,374
- Taxes -€18,877
down €18,877 (-64.6%), from €29,227 to €10,350
- Other operating charges +€2,241
up €2,241 (+41.7%), from €5,377 to €7,618
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 | €399,749 | €413,181 | +€13,433 | +3.4% |
| Fixed assets | 21/28 | €160,697 | €157,830 | -€2,867 | -1.8% |
| Tangible fixed assets | 22/27 | €160,697 | €157,830 | -€2,867 | -1.8% |
| Land and buildings | 22 | €160,697 | €157,830 | -€2,867 | -1.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €239,051 | €255,351 | +€16,300 | +6.8% |
| Amounts receivable within one year | 40/41 | €10,773 | €152,358 | +€141,585 | +1314.3% |
| Other amounts receivable | 41 | €10,773 | €152,358 | +€141,585 | +1314.3% |
| Cash at bank and in hand | 54/58 | €228,279 | €86,330 | -€141,949 | -62.2% |
| Deferred charges and accrued income | 490/1 | €0 | €16,664 | +€16,664 | |
| Total equity and liabilities | 10/49 | €399,749 | €413,181 | +€13,433 | +3.4% |
| Equity | 10/15 | €290,970 | €296,359 | +€5,389 | +1.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,970 | €186,359 | +€5,389 | +3.0% |
| Amounts payable | 17/49 | €108,779 | €116,822 | +€8,044 | +7.4% |
| Amounts payable after more than one year | 17 | - | €42,543 | +€42,543 | |
| Financial debts | 170/4 | - | €42,543 | +€42,543 | |
| Amounts payable within one year | 42/48 | €108,779 | €74,258 | -€34,520 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,623 | +€5,623 | |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €5,309 | €22,635 | +€17,326 | +326.3% |
| Suppliers | 440/4 | €5,309 | €22,635 | +€17,326 | +326.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €83,469 | €26,000 | -€57,469 | -68.9% |
| Accrued charges and deferred income | 492/3 | €0 | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,680 | €6,257 | +€578 | +10.2% |
| Other operating charges | 640/8 | €5,377 | €7,618 | +€2,241 | +41.7% |
| Gross operating margin | 9900 | €130,550 | €58,374 | -€72,176 | -55.3% |
| Operating profit (loss) | 9901 | €119,494 | €44,499 | -€74,995 | -62.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,554 | €2,760 | +€1,206 | +77.6% |
| Recurring financial charges | 65 | €1,554 | €2,760 | +€1,206 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €117,939 | €41,739 | -€76,200 | -64.6% |
| Income taxes | 67/77 | €29,227 | €10,350 | -€18,877 | -64.6% |
| Profit (loss) for the period | 9904 | €88,712 | €31,389 | -€57,323 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,712 | €31,389 | -€57,323 | -64.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.