MAREMMA: 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.
MAREMMA
Largest movements
- Receivables within one year +€561,210
up €561,210 (+19.0%), from €3.0m to €3.5m
- Reserves +€519,292
up €519,292 (+19.0%), from €2.7m to €3.2m
of which Distributable reserves: +€417,903
- Financial income -€2.4m
down €2.4m (-80.7%), from €3.0m to €578,689
- Taxes -€214,598
down €214,598 (-78.7%), from €272,727 to €58,129
- Other operating charges +€32
up €32 (+2.9%), from €1,094 to €1,126
- Gross operating margin -€3
down €3 (-3.5%), from -€85 to -€88
- Purchases and services +€3
up €3 (+3.5%), from €85 to €88
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 | €29,571,890 | €30,143,111 | +€571,221 | +1.9% |
| Fixed assets | 21/28 | €26,605,091 | €26,605,091 | = | 0.0% |
| Financial fixed assets | 28 | €26,605,091 | €26,605,091 | = | 0.0% |
| Current assets | 29/58 | €2,966,799 | €3,538,020 | +€571,221 | +19.3% |
| Amounts receivable within one year | 40/41 | €2,958,822 | €3,520,032 | +€561,210 | +19.0% |
| Other amounts receivable | 41 | €2,958,822 | €3,520,032 | +€561,210 | +19.0% |
| Cash at bank and in hand | 54/58 | €7,977 | €17,988 | +€10,011 | +125.5% |
| Total equity and liabilities | 10/49 | €29,571,890 | €30,143,111 | +€571,221 | +1.9% |
| Equity | 10/15 | €29,299,782 | €29,819,074 | +€519,292 | +1.8% |
| Contributions | 10/11 | €27,272,000 | €27,272,000 | = | 0.0% |
| Capital | 10 | €27,272,000 | €27,272,000 | = | 0.0% |
| Issued capital | 100 | €27,272,000 | €27,272,000 | = | 0.0% |
| Reserves | 13 | €2,727,273 | €3,246,565 | +€519,292 | +19.0% |
| Non-distributable reserves | 130/1 | - | €101,389 | +€101,389 | |
| Legal reserve | 130 | - | €101,389 | +€101,389 | |
| Distributable reserves | 133 | €2,727,273 | €3,145,176 | +€417,903 | +15.3% |
| Profit (loss) carried forward | 14 | -€699,491 | -€699,491 | = | 0.0% |
| Amounts payable | 17/49 | €272,108 | €324,037 | +€51,929 | +19.1% |
| Amounts payable within one year | 42/48 | €272,108 | €324,037 | +€51,929 | +19.1% |
| Taxes, remuneration and social security | 45 | €272,108 | €324,037 | +€51,929 | +19.1% |
| Taxes | 450/3 | €272,108 | €324,037 | +€51,929 | +19.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €85 | €88 | +€3 | +3.5% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€32 | +2.9% |
| Gross operating margin | 9900 | -€85 | -€88 | -€3 | -3.5% |
| Operating profit (loss) | 9901 | -€1,179 | -€1,214 | -€35 | -3.0% |
| Financial income | 75/76B | €3,003,599 | €578,689 | -€2.4m | -80.7% |
| Recurring financial income | 75 | €3,003,599 | €578,689 | -€2.4m | -80.7% |
| Financial charges | 65/66B | €53 | €54 | +€1 | +1.9% |
| Recurring financial charges | 65 | €53 | €54 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €3,002,367 | €577,421 | -€2.4m | -80.8% |
| Income taxes | 67/77 | €272,727 | €58,129 | -€214,598 | -78.7% |
| Profit (loss) for the period | 9904 | €2,729,640 | €519,292 | -€2.2m | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,729,640 | €519,292 | -€2.2m | -81.0% |
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 8 October 2026 via checked.be.