MARICAU: 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.
MARICAU
Largest movements
- Cash -€19,780
down €19,780 (-39.0%), from €50,778 to €30,998
mainly Other debts (-€16,706) and Net result for the year (-€7,283)
- Tangible fixed assets -€3,785
down €3,785 (-100%), from €3,785 to €0
of which Land and buildings: -€3,785
- Other debts -€16,706
down €16,706 (-31.1%), from €53,762 to €37,056
- Profit (loss) carried forward -€7,283
down €7,283 (-7.5%), from -€96,565 to -€103,848
- Accrued charges and deferred income +€1,020
new in 2025: €1,020
- Gross operating margin +€4,680
up €4,680 (+76.6%), from -€6,112 to -€1,432
- Depreciation -€826
down €826 (-17.9%), from €4,611 to €3,785
- Other operating charges +€370
up €370 (+25.6%), from €1,445 to €1,815
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 | €55,246 | €31,757 | -€23,489 | -42.5% |
| Fixed assets | 21/28 | €3,785 | €0 | -€3,785 | -100% |
| Tangible fixed assets | 22/27 | €3,785 | €0 | -€3,785 | -100% |
| Land and buildings | 22 | €3,785 | €0 | -€3,785 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €51,461 | €31,757 | -€19,705 | -38.3% |
| Amounts receivable within one year | 40/41 | €0 | €46 | +€46 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €46 | +€46 | |
| Cash at bank and in hand | 54/58 | €50,778 | €30,998 | -€19,780 | -39.0% |
| Deferred charges and accrued income | 490/1 | €683 | €712 | +€29 | +4.3% |
| Total equity and liabilities | 10/49 | €55,246 | €31,757 | -€23,489 | -42.5% |
| Equity | 10/15 | -€28,140 | -€35,423 | -€7,283 | -25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,825 | €49,825 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €10,377 | €10,377 | = | 0.0% |
| Distributable reserves | 133 | €37,588 | €39,448 | +€1,860 | +4.9% |
| Profit (loss) carried forward | 14 | -€96,565 | -€103,848 | -€7,283 | -7.5% |
| Amounts payable | 17/49 | €83,386 | €67,179 | -€16,207 | -19.4% |
| Amounts payable within one year | 42/48 | €83,386 | €66,159 | -€17,227 | -20.7% |
| Financial debts | 43 | €28,948 | €28,948 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €28,948 | €28,948 | = | 0.0% |
| Trade debts | 44 | €676 | €155 | -€521 | -77.0% |
| Suppliers | 440/4 | €676 | €155 | -€521 | -77.0% |
| Other amounts payable | 47/48 | €53,762 | €37,056 | -€16,706 | -31.1% |
| Accrued charges and deferred income | 492/3 | - | €1,020 | +€1,020 | |
| Non-recurring operating income | 76A | €0 | €396 | +€396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,611 | €3,785 | -€826 | -17.9% |
| Other operating charges | 640/8 | €1,445 | €1,815 | +€370 | +25.6% |
| Gross operating margin | 9900 | -€6,112 | -€1,432 | +€4,680 | +76.6% |
| Operating profit (loss) | 9901 | -€12,168 | -€7,032 | +€5,136 | +42.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €218 | €251 | +€32 | +14.8% |
| Recurring financial charges | 65 | €218 | €251 | +€32 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,387 | -€7,283 | +€5,104 | +41.2% |
| Profit (loss) for the period | 9904 | -€12,387 | -€7,283 | +€5,104 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,387 | -€7,283 | +€5,104 | +41.2% |
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 16 October 2026 via checked.be.