MARIBANT: 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.
MARIBANT
Largest movements
- Current investments +€120,000
up €120,000 (+199.4%), from €60,189 to €180,189
- Cash -€74,868
down €74,868 (-31.7%), from €236,168 to €161,299
mainly Current investments (-€120,000) and Other debts (-€38,417)
- Reserves +€96,265
up €96,265 (+13.5%), from €713,705 to €809,969
- Other debts -€38,417
down €38,417 (-51.2%), from €75,000 to €36,583
- Debts after one year -€14,462
down €14,462 (-27.1%), from €53,402 to €38,940
- Gross operating margin +€36,586
up €36,586 (+35.7%), from €102,440 to €139,026
- Taxes +€11,559
up €11,559 (+40.2%), from €28,721 to €40,281
- Depreciation +€1,460
up €1,460 (+21.1%), from €6,924 to €8,384
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 | €975,881 | €1,030,053 | +€54,172 | +5.6% |
| Fixed assets | 21/28 | €182,899 | €181,748 | -€1,151 | -0.6% |
| Tangible fixed assets | 22/27 | €182,899 | €181,748 | -€1,151 | -0.6% |
| Land and buildings | 22 | €169,897 | €165,813 | -€4,083 | -2.4% |
| Plant, machinery and equipment | 23 | €9,049 | €7,819 | -€1,230 | -13.6% |
| Furniture and vehicles | 24 | €3,954 | €8,116 | +€4,162 | +105.3% |
| Current assets | 29/58 | €792,981 | €848,305 | +€55,324 | +7.0% |
| Amounts receivable after more than one year | 29 | €36,500 | €36,500 | = | 0.0% |
| Other amounts receivable | 291 | €36,500 | €36,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €424,761 | €426,594 | +€1,834 | +0.4% |
| Trade receivables | 40 | €463 | €12,973 | +€12,510 | +2702.2% |
| Other amounts receivable | 41 | €424,298 | €413,621 | -€10,677 | -2.5% |
| Current investments | 50/53 | €60,189 | €180,189 | +€120,000 | +199.4% |
| Cash at bank and in hand | 54/58 | €236,168 | €161,299 | -€74,868 | -31.7% |
| Deferred charges and accrued income | 490/1 | €35,364 | €43,722 | +€8,358 | +23.6% |
| Total equity and liabilities | 10/49 | €975,881 | €1,030,053 | +€54,172 | +5.6% |
| Equity | 10/15 | €813,130 | €909,395 | +€96,265 | +11.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €713,705 | €809,969 | +€96,265 | +13.5% |
| Distributable reserves | 133 | €713,705 | €809,969 | +€96,265 | +13.5% |
| Profit (loss) carried forward | 14 | €87,025 | €87,025 | = | 0.0% |
| Amounts payable | 17/49 | €162,751 | €120,658 | -€42,093 | -25.9% |
| Amounts payable after more than one year | 17 | €53,402 | €38,940 | -€14,462 | -27.1% |
| Financial debts | 170/4 | €53,402 | €38,940 | -€14,462 | -27.1% |
| Amounts payable within one year | 42/48 | €108,283 | €79,653 | -€28,631 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €14,233 | €14,476 | +€243 | +1.7% |
| Trade debts | 44 | €361 | €744 | +€383 | +106.2% |
| Suppliers | 440/4 | €361 | €744 | +€383 | +106.2% |
| Taxes, remuneration and social security | 45 | €18,690 | €27,850 | +€9,160 | +49.0% |
| Taxes | 450/3 | €16,190 | €25,350 | +€9,160 | +56.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €75,000 | €36,583 | -€38,417 | -51.2% |
| Accrued charges and deferred income | 492/3 | €1,066 | €2,065 | +€1,000 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,924 | €8,384 | +€1,460 | +21.1% |
| Other operating charges | 640/8 | €3,046 | €2,893 | -€153 | -5.0% |
| Non-recurring operating charges | 66A | €887 | - | -€887 | |
| Gross operating margin | 9900 | €102,440 | €139,026 | +€36,586 | +35.7% |
| Operating profit (loss) | 9901 | €91,583 | €127,749 | +€36,166 | +39.5% |
| Financial income | 75/76B | €10,078 | €10,453 | +€375 | +3.7% |
| Recurring financial income | 75 | €10,078 | €10,453 | +€375 | +3.7% |
| Financial charges | 65/66B | €1,734 | €1,657 | -€77 | -4.4% |
| Recurring financial charges | 65 | €1,734 | €1,657 | -€77 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €99,928 | €136,545 | +€36,617 | +36.6% |
| Income taxes | 67/77 | €28,721 | €40,281 | +€11,559 | +40.2% |
| Profit (loss) for the period | 9904 | €71,207 | €96,265 | +€25,058 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,207 | €96,265 | +€25,058 | +35.2% |
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 11 October 2026 via checked.be.