Maré: what changed
What changed
Maré
NACE 71.112, Activities of interior architects
filed annual accounts (NBB)
Net result for the year
€36,011
2024 · -€135,004+€171,016
Equity
€493,585
2024 · €458,415+€35,170
Cash
€2,907
2024 · €272,044-€269,137
Balance sheet total
€1.0m
2024 · €628,423+€379,241
Largest movements
Assets
- Receivables within one year +€635,409
up €635,409 (+571%), from €111,224 to €746,633
of which Other amounts receivable: +€629,184
- Cash -€269,137
down €269,137 (-98.9%), from €272,044 to €2,907
mainly Receivables within one year (-€635,409) and Tax, wage and social debts (-€33,214)
- Financial fixed assets +€20,000
new in 2025: €20,000
- Intangible fixed assets -€10,207
down €10,207 (-20.0%), from €51,035 to €40,828
Equity and liabilities
- Short-term financial debts +€370,003
new in 2025: €370,003
- Reserves +€35,170
up €35,170 (+8.6%), from €408,415 to €443,585
- Tax, wage and social debts -€33,214
down €33,214 (-68.3%), from €48,666 to €15,451
of which Taxes: -€32,101
- Current portion of long-term debt -€12,656
down €12,656 (-74.8%), from €16,923 to €4,267
- Other debts +€11,541
up €11,541 (+51.8%), from €22,284 to €33,825
Income statement
- Gross operating margin +€136,431
up €136,431, from -€5,290 to €131,141
- Staff costs -€30,701
down €30,701 (-27.9%), from €109,941 to €79,240
- Depreciation +€11,425
up €11,425 (+264%), from €4,323 to €15,749
- Financial charges +€5,543
up €5,543 (+156%), from €3,543 to €9,086
- Financial income +€4,475
up €4,475 (+39.0%), from €11,472 to €15,947
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€135,004
Gross operating margin
+€136,431
Staff costs
+€30,701
Depreciation
-€11,425
Other operating charges
+€28
Other operating items
+€20,049
Financial income
+€4,475
Financial charges
-€5,543
Taxes
-€3,700
Result 2025
€36,011
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€597,319
Investment
-€24,058
Financing
+€352,239
Cash 2024
€272,044
From operations (derived)
-€597,319
Net result for the year
+€36,011
Depreciation
+€15,749
Receivables after one year
-€6,469
Stocks and contracts
+€3,030
Receivables within one year
-€635,409
Deferred charges and accrued income
-€1,220
Trade debts
+€8,496
Tax, wage and social debts
-€33,214
Other debts
+€11,541
Accrued charges and deferred income
+€4,168
Investment (derived)
-€24,058
Investment in fixed assets (net)
-€24,058
Financing
+€352,239
Debts after one year
-€4,267
Current portion of long-term debt
-€12,656
Short-term financial debts
+€370,003
Contributions, distributions and other
-€841
Cash 2025
€2,907
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €628,423 | €1,007,664 | +€379,241 | +60.3% |
| Fixed assets | 21/28 | €75,257 | €83,566 | +€8,309 | +11.0% |
| Intangible fixed assets | 21 | €51,035 | €40,828 | -€10,207 | -20.0% |
| Tangible fixed assets | 22/27 | €24,222 | €22,738 | -€1,484 | -6.1% |
| Furniture and vehicles | 24 | €10,846 | €10,933 | +€87 | +0.8% |
| Other tangible fixed assets | 26 | €13,376 | €11,805 | -€1,571 | -11.7% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €553,166 | €924,098 | +€370,932 | +67.1% |
| Amounts receivable after more than one year | 29 | €161,737 | €168,207 | +€6,469 | +4.0% |
| Other amounts receivable | 291 | €161,737 | €168,207 | +€6,469 | +4.0% |
| Stocks and contracts in progress | 3 | €3,030 | - | -€3,030 | |
| Stocks | 30/36 | €3,030 | - | -€3,030 | |
| Amounts receivable within one year | 40/41 | €111,224 | €746,633 | +€635,409 | +571% |
| Trade receivables | 40 | €40,887 | €47,112 | +€6,225 | +15.2% |
| Other amounts receivable | 41 | €70,337 | €699,521 | +€629,184 | +895% |
| Cash at bank and in hand | 54/58 | €272,044 | €2,907 | -€269,137 | -98.9% |
| Deferred charges and accrued income | 490/1 | €5,131 | €6,351 | +€1,220 | +23.8% |
| Total equity and liabilities | 10/49 | €628,423 | €1,007,664 | +€379,241 | +60.3% |
| Equity | 10/15 | €458,415 | €493,585 | +€35,170 | +7.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €408,415 | €443,585 | +€35,170 | +8.6% |
| Distributable reserves | 133 | €408,415 | €443,585 | +€35,170 | +8.6% |
| Amounts payable | 17/49 | €170,008 | €514,079 | +€344,071 | +202% |
| Amounts payable after more than one year | 17 | €4,267 | - | -€4,267 | |
| Financial debts | 170/4 | €4,267 | - | -€4,267 | |
| Amounts payable within one year | 42/48 | €165,584 | €509,755 | +€344,170 | +208% |
| Current portion of amounts payable after more than one year | 42 | €16,923 | €4,267 | -€12,656 | -74.8% |
| Financial debts | 43 | - | €370,003 | +€370,003 | |
| Credit institutions | 430/8 | - | €370,003 | +€370,003 | |
| Trade debts | 44 | €77,712 | €86,207 | +€8,496 | +10.9% |
| Suppliers | 440/4 | €77,712 | €86,207 | +€8,496 | +10.9% |
| Taxes, remuneration and social security | 45 | €48,666 | €15,451 | -€33,214 | -68.3% |
| Taxes | 450/3 | €37,449 | €5,349 | -€32,101 | -85.7% |
| Remuneration and social security | 454/9 | €11,216 | €10,103 | -€1,114 | -9.9% |
| Other amounts payable | 47/48 | €22,284 | €33,825 | +€11,541 | +51.8% |
| Accrued charges and deferred income | 492/3 | €156 | €4,325 | +€4,168 | +2,664% |
| Non-recurring operating income | 76A | €11,128 | €5,372 | -€5,756 | -51.7% |
| Remuneration, social security and pensions | 62 | €109,941 | €79,240 | -€30,701 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,323 | €15,749 | +€11,425 | +264% |
| Other operating charges | 640/8 | €2,047 | €2,019 | -€28 | -1.4% |
| Non-recurring operating charges | 66A | €20,738 | €689 | -€20,049 | -96.7% |
| Gross operating margin | 9900 | -€5,290 | €131,141 | +€136,431 | |
| Operating profit (loss) | 9901 | -€142,339 | €33,445 | +€175,784 | |
| Financial income | 75/76B | €11,472 | €15,947 | +€4,475 | +39.0% |
| Recurring financial income | 75 | €11,472 | €15,947 | +€4,475 | +39.0% |
| Financial charges | 65/66B | €3,543 | €9,086 | +€5,543 | +156% |
| Recurring financial charges | 65 | €3,543 | €9,086 | +€5,543 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€134,410 | €40,305 | +€174,716 | |
| Income taxes | 67/77 | €594 | €4,294 | +€3,700 | +623% |
| Profit (loss) for the period | 9904 | -€135,004 | €36,011 | +€171,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,004 | €36,011 | +€171,016 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.