MAREDOU: 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.
MAREDOU
Largest movements
- Receivables within one year +€18,032
up €18,032 (+98.5%), from €18,313 to €36,344
of which Trade receivables: +€14,158
- Cash -€17,420
down €17,420 (-97.8%), from €17,807 to €388
mainly Investment in fixed assets (net) (-€22,397) and Receivables within one year (-€18,032)
- Tangible fixed assets +€12,237
up €12,237 (+227.1%), from €5,388 to €17,625
- Profit (loss) carried forward -€13,577
down €13,577 (-1499.1%), from -€906 to -€14,483
- Trade debts +€13,381
up €13,381 (+54.3%), from €24,622 to €38,002
- Tax, wage and social debts +€10,572
up €10,572 (+4899.8%), from €216 to €10,788
of which Remuneration and social security: +€9,832
- Other debts +€2,473
up €2,473 (+16.0%), from €15,422 to €17,895
- Gross operating margin +€24,160
up €24,160 (+444.4%), from €5,437 to €29,597
- Staff costs +€22,624
up €22,624 (+321.1%), from €7,046 to €29,671
- Depreciation +€7,466
up €7,466 (+277.1%), from €2,694 to €10,160
- Other operating charges +€2,162
up €2,162 (+197.8%), from €1,093 to €3,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,508 | €54,357 | +€12,849 | +31.0% |
| Fixed assets | 21/28 | €5,388 | €17,625 | +€12,237 | +227.1% |
| Tangible fixed assets | 22/27 | €5,388 | €17,625 | +€12,237 | +227.1% |
| Furniture and vehicles | 24 | €5,388 | €17,625 | +€12,237 | +227.1% |
| Current assets | 29/58 | €36,120 | €36,732 | +€612 | +1.7% |
| Amounts receivable within one year | 40/41 | €18,313 | €36,344 | +€18,032 | +98.5% |
| Trade receivables | 40 | €16,900 | €31,058 | +€14,158 | +83.8% |
| Other amounts receivable | 41 | €1,413 | €5,286 | +€3,874 | +274.2% |
| Cash at bank and in hand | 54/58 | €17,807 | €388 | -€17,420 | -97.8% |
| Total equity and liabilities | 10/49 | €41,508 | €54,357 | +€12,849 | +31.0% |
| Equity | 10/15 | €1,249 | -€12,328 | -€13,577 | |
| Contributions | 10/11 | €2,155 | €2,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€906 | -€14,483 | -€13,577 | -1499.1% |
| Amounts payable | 17/49 | €40,259 | €66,685 | +€26,426 | +65.6% |
| Amounts payable within one year | 42/48 | €40,259 | €66,685 | +€26,426 | +65.6% |
| Trade debts | 44 | €24,622 | €38,002 | +€13,381 | +54.3% |
| Suppliers | 440/4 | €24,622 | €38,002 | +€13,381 | +54.3% |
| Taxes, remuneration and social security | 45 | €216 | €10,788 | +€10,572 | +4899.8% |
| Taxes | 450/3 | - | €741 | +€741 | |
| Remuneration and social security | 454/9 | €216 | €10,047 | +€9,832 | +4556.5% |
| Other amounts payable | 47/48 | €15,422 | €17,895 | +€2,473 | +16.0% |
| Remuneration, social security and pensions | 62 | €7,046 | €29,671 | +€22,624 | +321.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €10,160 | +€7,466 | +277.1% |
| Other operating charges | 640/8 | €1,093 | €3,255 | +€2,162 | +197.8% |
| Gross operating margin | 9900 | €5,437 | €29,597 | +€24,160 | +444.4% |
| Operating profit (loss) | 9901 | -€5,396 | -€13,488 | -€8,091 | -149.9% |
| Financial charges | 65/66B | €162 | €89 | -€73 | -45.2% |
| Recurring financial charges | 65 | €162 | €89 | -€73 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,559 | -€13,577 | -€8,018 | -144.2% |
| Profit (loss) for the period | 9904 | -€5,559 | -€13,577 | -€8,018 | -144.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,559 | -€13,577 | -€8,018 | -144.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.