MARIBAU: 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.
MARIBAU
Largest movements
- Receivables within one year +€15,268
up €15,268 (+16.1%), from €94,556 to €109,824
of which Other amounts receivable: +€12,548
- Debts after one year +€21,533
new in 2025: €21,533
- Tax, wage and social debts -€10,569
down €10,569 (-61.2%), from €17,273 to €6,704
- Current portion of long-term debt +€5,240
new in 2025: €5,240
- Profit (loss) carried forward +€2,944
up €2,944 (+3.3%), from -€88,934 to -€85,990
- Trade debts -€2,511
down €2,511 (-7.2%), from €35,005 to €32,493
- Gross operating margin -€5,258
down €5,258 (-21.4%), from €24,553 to €19,295
- Taxes -€1,811
down €1,811 (-32.3%), from €5,607 to €3,796
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 | €98,456 | €113,769 | +€15,313 | +15.6% |
| Current assets | 29/58 | €98,456 | €113,769 | +€15,313 | +15.6% |
| Amounts receivable within one year | 40/41 | €94,556 | €109,824 | +€15,268 | +16.1% |
| Trade receivables | 40 | €11,051 | €13,771 | +€2,720 | +24.6% |
| Other amounts receivable | 41 | €83,505 | €96,053 | +€12,548 | +15.0% |
| Cash at bank and in hand | 54/58 | €3,900 | €3,545 | -€355 | -9.1% |
| Deferred charges and accrued income | 490/1 | - | €400 | +€400 | |
| Total equity and liabilities | 10/49 | €98,456 | €113,769 | +€15,313 | +15.6% |
| Equity | 10/15 | €40,866 | €43,810 | +€2,944 | +7.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €59,800 | €59,800 | = | 0.0% |
| Distributable reserves | 133 | €59,800 | €59,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,934 | -€85,990 | +€2,944 | +3.3% |
| Amounts payable | 17/49 | €57,590 | €69,959 | +€12,369 | +21.5% |
| Amounts payable after more than one year | 17 | - | €21,533 | +€21,533 | |
| Financial debts | 170/4 | - | €21,533 | +€21,533 | |
| Amounts payable within one year | 42/48 | €57,590 | €48,426 | -€9,164 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,240 | +€5,240 | |
| Financial debts | 43 | €5,312 | €3,989 | -€1,323 | -24.9% |
| Credit institutions | 430/8 | €5,312 | €3,989 | -€1,323 | -24.9% |
| Trade debts | 44 | €35,005 | €32,493 | -€2,511 | -7.2% |
| Suppliers | 440/4 | €35,005 | €32,493 | -€2,511 | -7.2% |
| Taxes, remuneration and social security | 45 | €17,273 | €6,704 | -€10,569 | -61.2% |
| Taxes | 450/3 | €17,273 | €6,704 | -€10,569 | -61.2% |
| Other operating charges | 640/8 | €1,661 | €1,713 | +€52 | +3.1% |
| Gross operating margin | 9900 | €24,553 | €19,295 | -€5,258 | -21.4% |
| Operating profit (loss) | 9901 | €22,892 | €17,582 | -€5,310 | -23.2% |
| Financial income | 75/76B | €12 | €7 | -€5 | -40.1% |
| Recurring financial income | 75 | €12 | €7 | -€5 | -40.1% |
| Financial charges | 65/66B | €10,820 | €10,849 | +€29 | +0.3% |
| Recurring financial charges | 65 | €10,820 | €10,849 | +€29 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €12,084 | €6,740 | -€5,344 | -44.2% |
| Income taxes | 67/77 | €5,607 | €3,796 | -€1,811 | -32.3% |
| Profit (loss) for the period | 9904 | €6,477 | €2,944 | -€3,533 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,477 | €2,944 | -€3,533 | -54.5% |
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 13 October 2026 via checked.be.