MARIA GALLAND: 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.
MARIA GALLAND
Largest movements
- Cash -€766,940
down €766,940 (-46.5%), from €1.6m to €882,613
mainly Contributions, distributions and other (-€1.0m) and Other debts (-€5,835)
- Tangible fixed assets -€80,836
down €80,836 (-30.4%), from €265,879 to €185,043
of which Other tangible fixed assets: -€64,270
- Receivables within one year -€38,733
down €38,733 (-12.3%), from €313,699 to €274,966
of which Trade receivables: -€55,368
- Profit (loss) carried forward -€958,999
down €958,999 (-55.5%), from €1.7m to €769,162
- Trade debts +€76,951
up €76,951 (+66.5%), from €115,647 to €192,598
- Financial income -€281,478
no longer reported in 2025 (was €281,478)
of which Non-recurring financial income: -€280,000
- Turnover -€148,636
down €148,636 (-4.8%), from €3.1m to €2.9m
- Taxes -€66,459
down €66,459 (-62.3%), from €106,651 to €40,192
of which Taxes: -€66,576
- Other operating income +€54,395
up €54,395 (+15.4%), from €353,732 to €408,127
- Goods and materials -€44,164
down €44,164 (-3.3%), from €1.3m to €1.3m
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 | €2,279,337 | €1,384,500 | -€894,837 | -39.3% |
| Fixed assets | 21/28 | €297,127 | €216,291 | -€80,836 | -27.2% |
| Tangible fixed assets | 22/27 | €265,879 | €185,043 | -€80,836 | -30.4% |
| Plant, machinery and equipment | 23 | €13,292 | - | -€13,292 | |
| Furniture and vehicles | 24 | €13,347 | €10,073 | -€3,274 | -24.5% |
| Other tangible fixed assets | 26 | €239,240 | €174,970 | -€64,270 | -26.9% |
| Financial fixed assets | 28 | €31,248 | €31,248 | = | 0.0% |
| Other financial fixed assets | 284/8 | €31,248 | €31,248 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €31,248 | €31,248 | = | 0.0% |
| Current assets | 29/58 | €1,982,210 | €1,168,209 | -€814,001 | -41.1% |
| Amounts receivable within one year | 40/41 | €313,699 | €274,966 | -€38,733 | -12.3% |
| Trade receivables | 40 | €297,729 | €242,361 | -€55,368 | -18.6% |
| Other amounts receivable | 41 | €15,970 | €32,605 | +€16,635 | +104% |
| Cash at bank and in hand | 54/58 | €1,649,553 | €882,613 | -€766,940 | -46.5% |
| Deferred charges and accrued income | 490/1 | €18,958 | €10,630 | -€8,328 | -43.9% |
| Total equity and liabilities | 10/49 | €2,279,337 | €1,384,500 | -€894,837 | -39.3% |
| Equity | 10/15 | €1,912,992 | €953,993 | -€958,999 | -50.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €34,831 | €34,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €19,831 | €19,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,728,161 | €769,162 | -€958,999 | -55.5% |
| Amounts payable | 17/49 | €366,345 | €430,507 | +€64,162 | +17.5% |
| Amounts payable within one year | 42/48 | €350,824 | €416,205 | +€65,381 | +18.6% |
| Trade debts | 44 | €115,647 | €192,598 | +€76,951 | +66.5% |
| Suppliers | 440/4 | €115,647 | €192,598 | +€76,951 | +66.5% |
| Taxes, remuneration and social security | 45 | €128,955 | €123,220 | -€5,735 | -4.4% |
| Taxes | 450/3 | €27,168 | €27,978 | +€810 | +3.0% |
| Remuneration and social security | 454/9 | €101,787 | €95,242 | -€6,545 | -6.4% |
| Other amounts payable | 47/48 | €106,222 | €100,387 | -€5,835 | -5.5% |
| Accrued charges and deferred income | 492/3 | €15,521 | €14,302 | -€1,219 | -7.9% |
| Operating income | 70/76A | €3,444,082 | €3,349,841 | -€94,241 | -2.7% |
| Turnover | 70 | €3,090,350 | €2,941,714 | -€148,636 | -4.8% |
| Other operating income | 74 | €353,732 | €408,127 | +€54,395 | +15.4% |
| Operating charges | 60/66A | €3,307,551 | €3,205,678 | -€101,873 | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €1,336,613 | €1,292,449 | -€44,164 | -3.3% |
| Purchases | 600/8 | €1,336,613 | €1,292,449 | -€44,164 | -3.3% |
| Services and other goods | 61 | €842,801 | €803,878 | -€38,923 | -4.6% |
| Remuneration, social security and pensions | 62 | €1,041,090 | €1,012,891 | -€28,199 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,918 | €84,311 | -€1,607 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,001 | - | +€2,001 | |
| Other operating charges | 640/8 | €3,130 | €12,149 | +€9,019 | +288% |
| Operating profit (loss) | 9901 | €136,531 | €144,163 | +€7,632 | +5.6% |
| Financial income | 75/76B | €281,478 | - | -€281,478 | |
| Recurring financial income | 75 | €1,478 | - | -€1,478 | |
| Other financial income | 752/9 | €1,478 | - | -€1,478 | |
| Non-recurring financial income | 76B | €280,000 | - | -€280,000 | |
| Financial charges | 65/66B | €59,452 | €62,970 | +€3,518 | +5.9% |
| Recurring financial charges | 65 | €59,452 | €62,970 | +€3,518 | +5.9% |
| Other financial charges | 652/9 | €59,452 | €62,970 | +€3,518 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €358,557 | €81,193 | -€277,364 | -77.4% |
| Income taxes | 67/77 | €106,651 | €40,192 | -€66,459 | -62.3% |
| Taxes | 670/3 | €106,768 | €40,192 | -€66,576 | -62.4% |
| Tax adjustments and reversals of tax provisions | 77 | €117 | - | -€117 | |
| Profit (loss) for the period | 9904 | €251,906 | €41,001 | -€210,905 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €251,906 | €41,001 | -€210,905 | -83.7% |
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 31 October 2026 via checked.be.