MARIDEMIR: 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.
MARIDEMIR
Largest movements
- Receivables within one year +€16,186
up €16,186 (+89.7%), from €18,041 to €34,227
of which Other amounts receivable: +€18,281
- Cash -€7,318
down €7,318 (-69.3%), from €10,559 to €3,241
mainly Receivables within one year (-€16,186) and Investment in fixed assets (net) (-€7,744)
- Tangible fixed assets -€3,670
down €3,670 (-12.4%), from €29,533 to €25,863
of which Furniture and vehicles: -€3,655
- Deferred charges and accrued income -€1,573
down €1,573 (-100.0%), from €1,573 to €0
- Profit (loss) carried forward +€3,769
up €3,769 (+38.3%), from €9,850 to €13,619
- Tax, wage and social debts -€2,301
down €2,301 (-24.8%), from €9,282 to €6,981
- Trade debts +€1,404
up €1,404 (+5.4%), from €26,080 to €27,484
- Short-term financial debts +€753
up €753 (+30.2%), from €2,494 to €3,247
- Gross operating margin -€33,564
down €33,564 (-61.1%), from €54,954 to €21,391
- Financial charges -€3,707
down €3,707 (-64.7%), from €5,731 to €2,024
- Other operating charges -€1,464
down €1,464 (-42.6%), from €3,439 to €1,975
- Depreciation +€972
up €972 (+9.3%), from €10,442 to €11,414
- Taxes -€813
down €813 (-26.6%), from €3,060 to €2,247
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 | €59,706 | €63,331 | +€3,625 | +6.1% |
| Fixed assets | 21/28 | €29,533 | €25,863 | -€3,670 | -12.4% |
| Tangible fixed assets | 22/27 | €29,533 | €25,863 | -€3,670 | -12.4% |
| Plant, machinery and equipment | 23 | €16,290 | €17,462 | +€1,171 | +7.2% |
| Furniture and vehicles | 24 | €10,500 | €6,845 | -€3,655 | -34.8% |
| Other tangible fixed assets | 26 | €2,743 | €1,556 | -€1,187 | -43.3% |
| Current assets | 29/58 | €30,173 | €37,468 | +€7,295 | +24.2% |
| Amounts receivable within one year | 40/41 | €18,041 | €34,227 | +€16,186 | +89.7% |
| Trade receivables | 40 | €2,473 | €377 | -€2,096 | -84.8% |
| Other amounts receivable | 41 | €15,569 | €33,850 | +€18,281 | +117.4% |
| Cash at bank and in hand | 54/58 | €10,559 | €3,241 | -€7,318 | -69.3% |
| Deferred charges and accrued income | 490/1 | €1,573 | €0 | -€1,573 | -100.0% |
| Total equity and liabilities | 10/49 | €59,706 | €63,331 | +€3,625 | +6.1% |
| Equity | 10/15 | €21,850 | €25,619 | +€3,769 | +17.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,850 | €13,619 | +€3,769 | +38.3% |
| Amounts payable | 17/49 | €37,856 | €37,713 | -€144 | -0.4% |
| Amounts payable within one year | 42/48 | €37,856 | €37,713 | -€144 | -0.4% |
| Financial debts | 43 | €2,494 | €3,247 | +€753 | +30.2% |
| Credit institutions | 430/8 | €2,494 | €3,247 | +€753 | +30.2% |
| Trade debts | 44 | €26,080 | €27,484 | +€1,404 | +5.4% |
| Suppliers | 440/4 | €26,080 | €27,484 | +€1,404 | +5.4% |
| Taxes, remuneration and social security | 45 | €9,282 | €6,981 | -€2,301 | -24.8% |
| Taxes | 450/3 | €9,282 | €6,981 | -€2,301 | -24.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,442 | €11,414 | +€972 | +9.3% |
| Other operating charges | 640/8 | €3,439 | €1,975 | -€1,464 | -42.6% |
| Gross operating margin | 9900 | €54,954 | €21,391 | -€33,564 | -61.1% |
| Operating profit (loss) | 9901 | €41,074 | €8,001 | -€33,072 | -80.5% |
| Financial income | 75/76B | €6 | €39 | +€32 | +512.1% |
| Recurring financial income | 75 | €6 | €39 | +€32 | +512.1% |
| Financial charges | 65/66B | €5,731 | €2,024 | -€3,707 | -64.7% |
| Recurring financial charges | 65 | €5,731 | €2,024 | -€3,707 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €35,348 | €6,016 | -€29,332 | -83.0% |
| Income taxes | 67/77 | €3,060 | €2,247 | -€813 | -26.6% |
| Profit (loss) for the period | 9904 | €32,288 | €3,769 | -€28,519 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,288 | €3,769 | -€28,519 | -88.3% |
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 10 October 2026 via checked.be.