Maret-Blancas: what changed
Two financial 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.
Maret-Blancas
Largest movements
- Receivables within one year +€21,494
up €21,494 (+468%), from €4,594 to €26,088
of which Trade receivables: +€21,238
- Deferred charges and accrued income +€2,548
up €2,548 (+607%), from €420 to €2,968
- Tangible fixed assets -€342
down €342 (-50.1%), from €682 to €341
- Other debts +€25,583
new in 2025: €25,583
- Accrued charges and deferred income -€5,018
no longer reported in 2025 (was €5,018)
- Trade debts +€2,837
up €2,837 (+55.2%), from €5,141 to €7,978
- Tax, wage and social debts +€2,750
up €2,750 (+39.5%), from €6,958 to €9,709
of which Taxes: +€3,010
- Profit (loss) carried forward -€2,606
down €2,606 (-21.6%), from -€12,092 to -€14,698
- Gross operating margin +€11,086
up €11,086, from -€9,914 to €1,172
- Taxes +€1,446
up €1,446 (+691%), from €209 to €1,655
- Financial charges +€691
up €691 (+230%), from €300 to €991
- Other operating charges -€544
down €544 (-40.6%), from €1,339 to €795
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.
Derived cash bridge
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 | €7,526 | €31,073 | +€23,547 | +313% |
| Fixed assets | 21/28 | €1,162 | €821 | -€342 | -29.4% |
| Tangible fixed assets | 22/27 | €682 | €341 | -€342 | -50.1% |
| Furniture and vehicles | 24 | €682 | €341 | -€342 | -50.1% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €6,364 | €30,252 | +€23,888 | +375% |
| Amounts receivable within one year | 40/41 | €4,594 | €26,088 | +€21,494 | +468% |
| Trade receivables | 40 | €4,594 | €25,832 | +€21,238 | +462% |
| Other amounts receivable | 41 | - | €257 | +€257 | |
| Cash at bank and in hand | 54/58 | €1,349 | €1,196 | -€154 | -11.4% |
| Deferred charges and accrued income | 490/1 | €420 | €2,968 | +€2,548 | +607% |
| Total equity and liabilities | 10/49 | €7,526 | €31,073 | +€23,547 | +313% |
| Equity | 10/15 | -€9,592 | -€12,198 | -€2,606 | -27.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,092 | -€14,698 | -€2,606 | -21.6% |
| Amounts payable | 17/49 | €17,118 | €43,271 | +€26,153 | +153% |
| Amounts payable within one year | 42/48 | €12,100 | €43,271 | +€31,171 | +258% |
| Trade debts | 44 | €5,141 | €7,978 | +€2,837 | +55.2% |
| Suppliers | 440/4 | €5,141 | €7,978 | +€2,837 | +55.2% |
| Taxes, remuneration and social security | 45 | €6,958 | €9,709 | +€2,750 | +39.5% |
| Taxes | 450/3 | €4,428 | €7,439 | +€3,010 | +68.0% |
| Remuneration and social security | 454/9 | €2,530 | €2,270 | -€260 | -10.3% |
| Other amounts payable | 47/48 | - | €25,583 | +€25,583 | |
| Accrued charges and deferred income | 492/3 | €5,018 | - | -€5,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343 | €342 | -€1 | -0.3% |
| Other operating charges | 640/8 | €1,339 | €795 | -€544 | -40.6% |
| Gross operating margin | 9900 | -€9,914 | €1,172 | +€11,086 | |
| Operating profit (loss) | 9901 | -€11,595 | €35 | +€11,630 | |
| Financial income | 75/76B | €13 | €5 | -€8 | -59.5% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -59.5% |
| Financial charges | 65/66B | €300 | €991 | +€691 | +230% |
| Recurring financial charges | 65 | €300 | €991 | +€691 | +230% |
| Profit (loss) for the period before taxes | 9903 | -€11,883 | -€951 | +€10,932 | +92.0% |
| Income taxes | 67/77 | €209 | €1,655 | +€1,446 | +691% |
| Profit (loss) for the period | 9904 | -€12,092 | -€2,606 | +€9,486 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,092 | -€2,606 | +€9,486 | +78.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.