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
- Receivables within one year +€17,952
up €17,952 (+115%), from €15,592 to €33,544
of which Trade receivables: +€15,115
- Stocks and contracts -€9,765
down €9,765 (-85.8%), from €11,377 to €1,613
of which Stocks: -€9,765
- Tangible fixed assets -€4,939
down €4,939 (-63.6%), from €7,762 to €2,824
of which Furniture and vehicles: -€4,596
- Other debts +€67,699
up €67,699 (+90.3%), from €74,948 to €142,647
- Reserves -€66,541
down €66,541 (-21.7%), from €306,393 to €239,853
of which Distributable reserves: -€66,541
- Gross operating margin -€5,287
down €5,287 (-4.1%), from €129,326 to €124,039
- Taxes -€1,791
down €1,791 (-5.2%), from €34,517 to €32,726
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 | €427,409 | €430,541 | +€3,132 | +0.7% |
| Fixed assets | 21/28 | €7,882 | €2,944 | -€4,939 | -62.7% |
| Tangible fixed assets | 22/27 | €7,762 | €2,824 | -€4,939 | -63.6% |
| Plant, machinery and equipment | 23 | €676 | €333 | -€343 | -50.7% |
| Furniture and vehicles | 24 | €7,087 | €2,490 | -€4,596 | -64.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €419,526 | €427,597 | +€8,071 | +1.9% |
| Stocks and contracts in progress | 3 | €11,377 | €1,613 | -€9,765 | -85.8% |
| Stocks | 30/36 | €11,377 | €1,613 | -€9,765 | -85.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,592 | €33,544 | +€17,952 | +115% |
| Trade receivables | 40 | €15,297 | €30,412 | +€15,115 | +98.8% |
| Other amounts receivable | 41 | €295 | €3,132 | +€2,837 | +962% |
| Cash at bank and in hand | 54/58 | €390,749 | €391,286 | +€537 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,808 | €1,154 | -€654 | -36.2% |
| Total equity and liabilities | 10/49 | €427,409 | €430,541 | +€3,132 | +0.7% |
| Equity | 10/15 | €318,793 | €252,253 | -€66,541 | -20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €306,393 | €239,853 | -€66,541 | -21.7% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €303,913 | €237,373 | -€66,541 | -21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,615 | €178,288 | +€69,672 | +64.1% |
| Amounts payable within one year | 42/48 | €108,615 | €178,288 | +€69,672 | +64.1% |
| Trade debts | 44 | €18,269 | €17,777 | -€492 | -2.7% |
| Suppliers | 440/4 | €18,269 | €17,777 | -€492 | -2.7% |
| Taxes, remuneration and social security | 45 | €15,398 | €17,865 | +€2,466 | +16.0% |
| Taxes | 450/3 | €15,398 | €14,870 | -€528 | -3.4% |
| Remuneration and social security | 454/9 | - | €2,994 | +€2,994 | |
| Other amounts payable | 47/48 | €74,948 | €142,647 | +€67,699 | +90.3% |
| Remuneration, social security and pensions | 62 | €435 | €474 | +€38 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,396 | €4,939 | -€457 | -8.5% |
| Other operating charges | 640/8 | €2,385 | €2,828 | +€443 | +18.6% |
| Gross operating margin | 9900 | €129,326 | €124,039 | -€5,287 | -4.1% |
| Operating profit (loss) | 9901 | €121,110 | €115,799 | -€5,311 | -4.4% |
| Financial income | 75/76B | €388 | €551 | +€164 | +42.2% |
| Recurring financial income | 75 | €388 | €551 | +€164 | +42.2% |
| Financial charges | 65/66B | €87 | €135 | +€49 | +55.9% |
| Recurring financial charges | 65 | €87 | €135 | +€49 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €121,411 | €116,215 | -€5,196 | -4.3% |
| Income taxes | 67/77 | €34,517 | €32,726 | -€1,791 | -5.2% |
| Profit (loss) for the period | 9904 | €86,894 | €83,489 | -€3,405 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,894 | €83,489 | -€3,405 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.