MARIACOR: 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.
MARIACOR
Largest movements
- Cash +€201,871
up €201,871 (+55.5%), from €364,025 to €565,897
mainly Net result for the year (+€189,318) and Current investments (+€150,000)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets +€42,903
up €42,903 (+6.7%), from €638,744 to €681,646
of which Land and buildings: +€291,578
- Stocks and contracts +€17,889
up €17,889 (+9.8%), from €182,577 to €200,466
- Reserves +€118,823
up €118,823 (+11.0%), from €1.1m to €1.2m
of which Distributable reserves: +€118,823
- Tax, wage and social debts -€38,265
down €38,265 (-49.4%), from €77,492 to €39,227
of which Taxes: -€43,404
- Other debts +€37,143
up €37,143 (+47.7%), from €77,864 to €115,007
- Staff costs +€53,859
up €53,859 (+38.7%), from €139,030 to €192,889
- Gross operating margin +€52,782
up €52,782 (+11.0%), from €478,272 to €531,054
- Depreciation +€27,176
up €27,176 (+107.7%), from €25,244 to €52,420
- Taxes -€11,800
down €11,800 (-12.0%), from €98,352 to €86,552
- Write-downs +€8,454
new in 2025: €8,454
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 | €1,435,221 | €1,553,626 | +€118,405 | +8.2% |
| Fixed assets | 21/28 | €638,954 | €681,857 | +€42,903 | +6.7% |
| Tangible fixed assets | 22/27 | €638,744 | €681,646 | +€42,903 | +6.7% |
| Land and buildings | 22 | €184,039 | €475,616 | +€291,578 | +158.4% |
| Plant, machinery and equipment | 23 | €12,381 | €188,091 | +€175,710 | +1419.2% |
| Furniture and vehicles | 24 | €29,578 | €17,939 | -€11,639 | -39.4% |
| Assets under construction and advance payments | 27 | €412,746 | - | -€412,746 | |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €796,267 | €871,769 | +€75,503 | +9.5% |
| Stocks and contracts in progress | 3 | €182,577 | €200,466 | +€17,889 | +9.8% |
| Stocks | 30/36 | €182,577 | €200,466 | +€17,889 | +9.8% |
| Amounts receivable within one year | 40/41 | €95,449 | €91,346 | -€4,103 | -4.3% |
| Trade receivables | 40 | €95,449 | €91,346 | -€4,103 | -4.3% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €364,025 | €565,897 | +€201,871 | +55.5% |
| Deferred charges and accrued income | 490/1 | €4,216 | €14,061 | +€9,845 | +233.5% |
| Total equity and liabilities | 10/49 | €1,435,221 | €1,553,626 | +€118,405 | +8.2% |
| Equity | 10/15 | €1,171,720 | €1,290,861 | +€119,141 | +10.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,080,515 | €1,199,337 | +€118,823 | +11.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,036,817 | €1,155,640 | +€118,823 | +11.5% |
| Profit (loss) carried forward | 14 | €29,232 | €29,550 | +€318 | +1.1% |
| Amounts payable | 17/49 | €263,501 | €262,766 | -€736 | -0.3% |
| Amounts payable after more than one year | 17 | €61,025 | €50,848 | -€10,177 | -16.7% |
| Financial debts | 170/4 | €61,025 | €50,848 | -€10,177 | -16.7% |
| Amounts payable within one year | 42/48 | €202,476 | €211,778 | +€9,302 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €10,001 | €10,177 | +€176 | +1.8% |
| Trade debts | 44 | €37,119 | €47,367 | +€10,248 | +27.6% |
| Suppliers | 440/4 | €37,119 | €47,367 | +€10,248 | +27.6% |
| Taxes, remuneration and social security | 45 | €77,492 | €39,227 | -€38,265 | -49.4% |
| Taxes | 450/3 | €60,153 | €16,749 | -€43,404 | -72.2% |
| Remuneration and social security | 454/9 | €17,339 | €22,478 | +€5,139 | +29.6% |
| Other amounts payable | 47/48 | €77,864 | €115,007 | +€37,143 | +47.7% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Remuneration, social security and pensions | 62 | €139,030 | €192,889 | +€53,859 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,244 | €52,420 | +€27,176 | +107.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,454 | +€8,454 | |
| Other operating charges | 640/8 | €716 | €2,669 | +€1,952 | +272.6% |
| Gross operating margin | 9900 | €478,272 | €531,054 | +€52,782 | +11.0% |
| Operating profit (loss) | 9901 | €313,282 | €274,623 | -€38,659 | -12.3% |
| Financial income | 75/76B | €9,984 | €7,704 | -€2,280 | -22.8% |
| Recurring financial income | 75 | €9,984 | €7,704 | -€2,280 | -22.8% |
| Financial charges | 65/66B | €6,416 | €6,456 | +€40 | +0.6% |
| Recurring financial charges | 65 | €6,416 | €6,456 | +€40 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €316,850 | €275,871 | -€40,980 | -12.9% |
| Income taxes | 67/77 | €98,352 | €86,552 | -€11,800 | -12.0% |
| Profit (loss) for the period | 9904 | €218,498 | €189,318 | -€29,180 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €218,498 | €189,318 | -€29,180 | -13.4% |
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 2 October 2026 via checked.be.