MARIAS: 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.
MARIAS
Largest movements
- Tangible fixed assets +€36,578
up €36,578 (+45.8%), from €79,894 to €116,472
of which Plant, machinery and equipment: +€67,234
- Receivables within one year +€8,793
up €8,793 (+15.1%), from €58,353 to €67,146
of which Other amounts receivable: +€5,571
- Other debts +€70,386
up €70,386 (+32.9%), from €213,953 to €284,339
- Profit (loss) carried forward -€37,723
down €37,723 (-18.4%), from -€204,865 to -€242,588
- Tax, wage and social debts +€22,798
up €22,798 (+107.6%), from €21,181 to €43,979
of which Remuneration and social security: +€20,377
- Debts after one year -€21,589
down €21,589 (-29.7%), from €72,654 to €51,065
- Trade debts +€5,277
up €5,277 (+18.1%), from €29,167 to €34,444
- Gross operating margin +€95,677
up €95,677 (+291.2%), from €32,861 to €128,538
- Staff costs +€43,650
up €43,650 (+61.5%), from €70,945 to €114,595
- Depreciation +€5,519
up €5,519 (+13.6%), from €40,613 to €46,132
- Financial charges -€2,648
down €2,648 (-45.1%), from €5,867 to €3,219
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 | €218,825 | €260,517 | +€41,692 | +19.1% |
| Fixed assets | 21/28 | €83,897 | €117,975 | +€34,078 | +40.6% |
| Intangible fixed assets | 21 | €2,688 | €188 | -€2,500 | -93.0% |
| Tangible fixed assets | 22/27 | €79,894 | €116,472 | +€36,578 | +45.8% |
| Plant, machinery and equipment | 23 | €10,249 | €77,483 | +€67,234 | +656.0% |
| Furniture and vehicles | 24 | €409 | €169 | -€240 | -58.7% |
| Leasing and similar rights | 25 | €68,394 | €38,524 | -€29,870 | -43.7% |
| Other tangible fixed assets | 26 | €842 | €296 | -€546 | -64.8% |
| Financial fixed assets | 28 | €1,315 | €1,315 | = | 0.0% |
| Current assets | 29/58 | €134,928 | €142,542 | +€7,614 | +5.6% |
| Stocks and contracts in progress | 3 | €64,197 | €64,941 | +€744 | +1.2% |
| Stocks | 30/36 | €64,197 | €64,941 | +€744 | +1.2% |
| Amounts receivable within one year | 40/41 | €58,353 | €67,146 | +€8,793 | +15.1% |
| Trade receivables | 40 | €52,972 | €56,194 | +€3,222 | +6.1% |
| Other amounts receivable | 41 | €5,381 | €10,952 | +€5,571 | +103.5% |
| Current investments | 50/53 | €9,220 | €9,220 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,970 | €1,235 | -€1,735 | -58.4% |
| Deferred charges and accrued income | 490/1 | €188 | - | -€188 | |
| Total equity and liabilities | 10/49 | €218,825 | €260,517 | +€41,692 | +19.1% |
| Equity | 10/15 | -€142,320 | -€180,043 | -€37,723 | -26.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €545 | €545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €545 | €545 | = | 0.0% |
| Legal reserve | 130 | €545 | €545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,865 | -€242,588 | -€37,723 | -18.4% |
| Amounts payable | 17/49 | €361,145 | €440,560 | +€79,415 | +22.0% |
| Amounts payable after more than one year | 17 | €72,654 | €51,065 | -€21,589 | -29.7% |
| Financial debts | 170/4 | €72,654 | €51,065 | -€21,589 | -29.7% |
| Amounts payable within one year | 42/48 | €286,538 | €387,528 | +€100,990 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €21,747 | €21,765 | +€18 | +0.1% |
| Financial debts | 43 | €490 | €3,001 | +€2,511 | +512.4% |
| Credit institutions | 430/8 | €490 | €3,001 | +€2,511 | +512.4% |
| Trade debts | 44 | €29,167 | €34,444 | +€5,277 | +18.1% |
| Suppliers | 440/4 | €29,167 | €34,444 | +€5,277 | +18.1% |
| Taxes, remuneration and social security | 45 | €21,181 | €43,979 | +€22,798 | +107.6% |
| Taxes | 450/3 | €4,386 | €6,807 | +€2,421 | +55.2% |
| Remuneration and social security | 454/9 | €16,795 | €37,172 | +€20,377 | +121.3% |
| Other amounts payable | 47/48 | €213,953 | €284,339 | +€70,386 | +32.9% |
| Accrued charges and deferred income | 492/3 | €1,953 | €1,967 | +€14 | +0.7% |
| Remuneration, social security and pensions | 62 | €70,945 | €114,595 | +€43,650 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,613 | €46,132 | +€5,519 | +13.6% |
| Other operating charges | 640/8 | €2,988 | €2,615 | -€373 | -12.5% |
| Gross operating margin | 9900 | €32,861 | €128,538 | +€95,677 | +291.2% |
| Operating profit (loss) | 9901 | -€81,685 | -€34,804 | +€46,881 | +57.4% |
| Financial income | 75/76B | €24 | €300 | +€276 | +1150.0% |
| Recurring financial income | 75 | €24 | €300 | +€276 | +1150.0% |
| Financial charges | 65/66B | €5,867 | €3,219 | -€2,648 | -45.1% |
| Recurring financial charges | 65 | €5,867 | €3,219 | -€2,648 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | -€87,528 | -€37,723 | +€49,805 | +56.9% |
| Profit (loss) for the period | 9904 | -€87,528 | -€37,723 | +€49,805 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,528 | -€37,723 | +€49,805 | +56.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.