Maribouw: 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.
Maribouw
Largest movements
- Cash -€127,525
down €127,525 (-62.5%), from €204,049 to €76,524
mainly Investment in fixed assets (net) (-€112,264) and Receivables within one year (-€17,860)
- Tangible fixed assets +€98,976
up €98,976 (+68.8%), from €143,912 to €242,888
- Receivables within one year +€17,860
up €17,860 (+32.3%), from €55,264 to €73,124
- Profit (loss) carried forward -€17,645
down €17,645 (-9.6%), from €183,733 to €166,088
- Gross operating margin -€25,027
down €25,027 (-67.8%), from €36,918 to €11,891
- Depreciation -€8,476
down €8,476 (-38.9%), from €21,764 to €13,288
- Financial income +€733
up €733 (+60.2%), from €1,218 to €1,951
- Other operating charges +€569
up €569 (+3.3%), from €17,359 to €17,929
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 | €443,274 | €428,744 | -€14,530 | -3.3% |
| Fixed assets | 21/28 | €143,912 | €242,888 | +€98,976 | +68.8% |
| Tangible fixed assets | 22/27 | €143,912 | €242,888 | +€98,976 | +68.8% |
| Land and buildings | 22 | €143,912 | €242,888 | +€98,976 | +68.8% |
| Current assets | 29/58 | €299,361 | €185,856 | -€113,506 | -37.9% |
| Amounts receivable after more than one year | 29 | €39,740 | €36,208 | -€3,532 | -8.9% |
| Other amounts receivable | 291 | €39,740 | €36,208 | -€3,532 | -8.9% |
| Amounts receivable within one year | 40/41 | €55,264 | €73,124 | +€17,860 | +32.3% |
| Other amounts receivable | 41 | €55,264 | €73,124 | +€17,860 | +32.3% |
| Cash at bank and in hand | 54/58 | €204,049 | €76,524 | -€127,525 | -62.5% |
| Deferred charges and accrued income | 490/1 | €309 | €0 | -€309 | -100% |
| Total equity and liabilities | 10/49 | €443,274 | €428,744 | -€14,530 | -3.3% |
| Equity | 10/15 | €435,965 | €418,320 | -€17,645 | -4.0% |
| Contributions | 10/11 | €229,302 | €229,302 | = | 0.0% |
| Capital | 10 | €229,302 | €229,302 | = | 0.0% |
| Issued capital | 100 | €229,302 | €229,302 | = | 0.0% |
| Reserves | 13 | €22,930 | €22,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,930 | €22,930 | = | 0.0% |
| Legal reserve | 130 | €22,930 | €22,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,733 | €166,088 | -€17,645 | -9.6% |
| Amounts payable | 17/49 | €7,309 | €10,424 | +€3,115 | +42.6% |
| Amounts payable within one year | 42/48 | €7,309 | €10,424 | +€3,115 | +42.6% |
| Trade debts | 44 | €7,309 | €10,424 | +€3,115 | +42.6% |
| Suppliers | 440/4 | €7,309 | €10,424 | +€3,115 | +42.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,764 | €13,288 | -€8,476 | -38.9% |
| Other operating charges | 640/8 | €17,359 | €17,929 | +€569 | +3.3% |
| Gross operating margin | 9900 | €36,918 | €11,891 | -€25,027 | -67.8% |
| Operating profit (loss) | 9901 | -€2,206 | -€19,326 | -€17,120 | -776% |
| Financial income | 75/76B | €1,218 | €1,951 | +€733 | +60.2% |
| Recurring financial income | 75 | €1,218 | €1,951 | +€733 | +60.2% |
| Financial charges | 65/66B | €120 | €271 | +€151 | +126% |
| Recurring financial charges | 65 | €120 | €271 | +€151 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€1,107 | -€17,645 | -€16,538 | -1,494% |
| Profit (loss) for the period | 9904 | -€1,107 | -€17,645 | -€16,538 | -1,494% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,107 | -€17,645 | -€16,538 | -1,494% |
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 23 October 2026 via checked.be.