MARIBO: 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.
MARIBO
Largest movements
- Tangible fixed assets +€549,462
up €549,462 (+1541.6%), from €35,643 to €585,105
of which Assets under construction and advance payments: +€550,000
- Receivables within one year +€15,532
up €15,532 (+14.6%), from €106,723 to €122,255
of which Other amounts receivable: +€31,922
- Trade debts +€549,834
up €549,834 (+332105.8%), from €166 to €550,000
- Reserves +€8,087
up €8,087 (+8.1%), from €99,771 to €107,858
of which Distributable reserves: +€8,087
- Financial charges -€1,086
down €1,086 (-41.6%), from €2,610 to €1,523
- Depreciation -€684
down €684 (-56.0%), from €1,223 to €538
- Other operating charges +€643
up €643 (+15.1%), from €4,251 to €4,894
- Gross operating margin -€569
down €569 (-3.6%), from €15,612 to €15,043
- Taxes -€417
down €417 (-100.0%), from €417 to €0
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 | €142,552 | €707,545 | +€564,993 | +396.3% |
| Fixed assets | 21/28 | €35,778 | €585,240 | +€549,462 | +1535.8% |
| Tangible fixed assets | 22/27 | €35,643 | €585,105 | +€549,462 | +1541.6% |
| Land and buildings | 22 | €35,207 | €35,105 | -€103 | -0.3% |
| Furniture and vehicles | 24 | €436 | €0 | -€436 | -100.0% |
| Assets under construction and advance payments | 27 | - | €550,000 | +€550,000 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €106,774 | €122,306 | +€15,532 | +14.5% |
| Amounts receivable within one year | 40/41 | €106,723 | €122,255 | +€15,532 | +14.6% |
| Trade receivables | 40 | €17,795 | €1,405 | -€16,390 | -92.1% |
| Other amounts receivable | 41 | €88,927 | €120,849 | +€31,922 | +35.9% |
| Cash at bank and in hand | 54/58 | €51 | €51 | = | 0.0% |
| Total equity and liabilities | 10/49 | €142,552 | €707,545 | +€564,993 | +396.3% |
| Equity | 10/15 | €118,363 | €126,450 | +€8,087 | +6.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €99,771 | €107,858 | +€8,087 | +8.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €97,912 | €105,998 | +€8,087 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,189 | €581,096 | +€556,907 | +2302.3% |
| Amounts payable within one year | 42/48 | €24,189 | €581,096 | +€556,907 | +2302.3% |
| Financial debts | 43 | €14,941 | €17,153 | +€2,212 | +14.8% |
| Credit institutions | 430/8 | €14,941 | €17,153 | +€2,212 | +14.8% |
| Trade debts | 44 | €166 | €550,000 | +€549,834 | +332105.8% |
| Suppliers | 440/4 | €166 | €550,000 | +€549,834 | +332105.8% |
| Taxes, remuneration and social security | 45 | €643 | €4,244 | +€3,600 | +559.7% |
| Taxes | 450/3 | €643 | €4,244 | +€3,600 | +559.7% |
| Other amounts payable | 47/48 | €8,439 | €9,699 | +€1,260 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €538 | -€684 | -56.0% |
| Other operating charges | 640/8 | €4,251 | €4,894 | +€643 | +15.1% |
| Gross operating margin | 9900 | €15,612 | €15,043 | -€569 | -3.6% |
| Operating profit (loss) | 9901 | €10,138 | €9,610 | -€528 | -5.2% |
| Financial charges | 65/66B | €2,610 | €1,523 | -€1,086 | -41.6% |
| Recurring financial charges | 65 | €2,610 | €1,523 | -€1,086 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €7,529 | €8,087 | +€558 | +7.4% |
| Income taxes | 67/77 | €417 | €0 | -€417 | -100.0% |
| Profit (loss) for the period | 9904 | €7,112 | €8,087 | +€975 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,112 | €8,087 | +€975 | +13.7% |
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 7 October 2026 via checked.be.