MARIA LEON: 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 LEON
Largest movements
- Cash +€40,728
up €40,728 (+144%), from €28,271 to €68,999
mainly Other debts (+€59,220) and Net result for the year (+€47,332)
- Tangible fixed assets -€5,752
down €5,752 (-38.2%), from €15,074 to €9,322
- Receivables within one year -€4,325
down €4,325 (-18.2%), from €23,750 to €19,425
- Other debts +€59,220
up €59,220 (+674%), from €8,783 to €68,003
- Reserves -€44,856
no longer reported in 2025 (was €44,856)
- Tax, wage and social debts +€21,008
up €21,008 (+253%), from €8,290 to €29,298
- Current portion of long-term debt -€4,258
no longer reported in 2025 (was €4,258)
- Gross operating margin +€35,437
up €35,437 (+96.5%), from €36,730 to €72,166
- Financial income -€14,000
down €14,000 (-100.0%), from €14,000 to €0
- Taxes +€10,678
up €10,678 (+161%), from €6,651 to €17,328
- Depreciation -€982
down €982 (-14.6%), from €6,735 to €5,752
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 | €68,474 | €99,389 | +€30,915 | +45.1% |
| Fixed assets | 21/28 | €15,074 | €9,322 | -€5,752 | -38.2% |
| Tangible fixed assets | 22/27 | €15,074 | €9,322 | -€5,752 | -38.2% |
| Furniture and vehicles | 24 | €15,074 | €9,322 | -€5,752 | -38.2% |
| Current assets | 29/58 | €53,401 | €90,068 | +€36,667 | +68.7% |
| Amounts receivable within one year | 40/41 | €23,750 | €19,425 | -€4,325 | -18.2% |
| Trade receivables | 40 | €23,750 | €19,425 | -€4,325 | -18.2% |
| Cash at bank and in hand | 54/58 | €28,271 | €68,999 | +€40,728 | +144% |
| Deferred charges and accrued income | 490/1 | €1,380 | €1,643 | +€264 | +19.1% |
| Total equity and liabilities | 10/49 | €68,474 | €99,389 | +€30,915 | +45.1% |
| Equity | 10/15 | €46,856 | €2,000 | -€44,856 | -95.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €44,856 | - | -€44,856 | |
| Distributable reserves | 133 | €44,856 | - | -€44,856 | |
| Amounts payable | 17/49 | €21,618 | €97,389 | +€75,771 | +350% |
| Amounts payable within one year | 42/48 | €21,618 | €97,389 | +€75,771 | +350% |
| Current portion of amounts payable after more than one year | 42 | €4,258 | - | -€4,258 | |
| Trade debts | 44 | €287 | €89 | -€198 | -69.1% |
| Suppliers | 440/4 | €287 | €89 | -€198 | -69.1% |
| Taxes, remuneration and social security | 45 | €8,290 | €29,298 | +€21,008 | +253% |
| Taxes | 450/3 | €8,290 | €29,298 | +€21,008 | +253% |
| Other amounts payable | 47/48 | €8,783 | €68,003 | +€59,220 | +674% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,735 | €5,752 | -€982 | -14.6% |
| Other operating charges | 640/8 | €674 | €1,123 | +€449 | +66.6% |
| Gross operating margin | 9900 | €36,730 | €72,166 | +€35,437 | +96.5% |
| Operating profit (loss) | 9901 | €29,321 | €65,291 | +€35,970 | +123% |
| Financial income | 75/76B | €14,000 | €0 | -€14,000 | -100.0% |
| Recurring financial income | 75 | €14,000 | €0 | -€14,000 | -100.0% |
| Financial charges | 65/66B | €352 | €631 | +€279 | +79.4% |
| Recurring financial charges | 65 | €352 | €631 | +€279 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €42,969 | €64,660 | +€21,691 | +50.5% |
| Income taxes | 67/77 | €6,651 | €17,328 | +€10,678 | +161% |
| Profit (loss) for the period | 9904 | €36,319 | €47,332 | +€11,013 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,319 | €47,332 | +€11,013 | +30.3% |
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 24 October 2026 via checked.be.