MARINGA: 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.
MARINGA
Largest movements
- Cash -€36,484
down €36,484 (-86.9%), from €41,973 to €5,489
mainly Other debts (-€15,328) and Receivables within one year (-€11,951)
- Receivables within one year +€11,951
up €11,951 (+7.1%), from €169,469 to €181,420
of which Other amounts receivable: +€11,020
- Tangible fixed assets +€9,510
up €9,510 (+767.1%), from €1,240 to €10,750
of which Furniture and vehicles: +€9,692
- Other debts -€15,328
down €15,328 (-11.4%), from €134,692 to €119,364
- Trade debts +€12,316
up €12,316 (+23.3%), from €52,849 to €65,165
- Profit (loss) carried forward -€10,941
down €10,941 (-7.0%), from -€155,379 to -€166,321
- Gross operating margin +€21,050
up €21,050 (+73.5%), from -€28,655 to -€7,606
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 | €426,585 | €411,565 | -€15,020 | -3.5% |
| Fixed assets | 21/28 | €214,986 | €224,496 | +€9,510 | +4.4% |
| Tangible fixed assets | 22/27 | €1,240 | €10,750 | +€9,510 | +767.1% |
| Plant, machinery and equipment | 23 | €181 | - | -€181 | |
| Furniture and vehicles | 24 | €1,059 | €10,750 | +€9,692 | +915.6% |
| Financial fixed assets | 28 | €213,746 | €213,746 | = | 0.0% |
| Current assets | 29/58 | €211,599 | €187,069 | -€24,530 | -11.6% |
| Amounts receivable within one year | 40/41 | €169,469 | €181,420 | +€11,951 | +7.1% |
| Trade receivables | 40 | €151,055 | €151,986 | +€931 | +0.6% |
| Other amounts receivable | 41 | €18,413 | €29,434 | +€11,020 | +59.8% |
| Cash at bank and in hand | 54/58 | €41,973 | €5,489 | -€36,484 | -86.9% |
| Deferred charges and accrued income | 490/1 | €157 | €160 | +€3 | +1.9% |
| Total equity and liabilities | 10/49 | €426,585 | €411,565 | -€15,020 | -3.5% |
| Equity | 10/15 | -€62,728 | -€73,669 | -€10,941 | -17.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €30,651 | €30,651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €768 | €768 | = | 0.0% |
| Legal reserve | 130 | €768 | €768 | = | 0.0% |
| Distributable reserves | 133 | €29,883 | €29,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,379 | -€166,321 | -€10,941 | -7.0% |
| Amounts payable | 17/49 | €489,313 | €485,234 | -€4,079 | -0.8% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,313 | €185,234 | -€4,079 | -2.2% |
| Trade debts | 44 | €52,849 | €65,165 | +€12,316 | +23.3% |
| Suppliers | 440/4 | €52,849 | €65,165 | +€12,316 | +23.3% |
| Taxes, remuneration and social security | 45 | €1,772 | €705 | -€1,067 | -60.2% |
| Taxes | 450/3 | €1,772 | €705 | -€1,067 | -60.2% |
| Other amounts payable | 47/48 | €134,692 | €119,364 | -€15,328 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €830 | +€197 | +31.2% |
| Other operating charges | 640/8 | €1,188 | €1,319 | +€131 | +11.0% |
| Gross operating margin | 9900 | -€28,655 | -€7,606 | +€21,050 | +73.5% |
| Operating profit (loss) | 9901 | -€30,476 | -€9,755 | +€20,721 | +68.0% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €338 | €492 | +€155 | +45.8% |
| Recurring financial charges | 65 | €338 | €492 | +€155 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,814 | -€10,234 | +€20,580 | +66.8% |
| Income taxes | 67/77 | €731 | €708 | -€24 | -3.2% |
| Profit (loss) for the period | 9904 | -€31,545 | -€10,941 | +€20,604 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,545 | -€10,941 | +€20,604 | +65.3% |
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 28 September 2026 via checked.be.