MARIOCA: 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.
What changed
MARIOCA
NACE 46.360, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€152,935
2024 · €141,494+€11,441
Equity
€1.0m
2024 · €973,361+€52,935
Cash
€158,596
2024 · €117,637+€40,959
Balance sheet total
€2.0m
2024 · €2.1m-€51,552
Largest movements
Assets
- Tangible fixed assets -€90,451
down €90,451 (-5.1%), from €1.8m to €1.7m
of which Land and buildings: -€48,904
- Cash +€40,959
up €40,959 (+34.8%), from €117,637 to €158,596
mainly Depreciation (+€164,191) and Net result for the year (+€152,935)
Equity and liabilities
- Debts after one year -€186,998
down €186,998 (-20.4%), from €917,198 to €730,200
- Other debts +€100,000
new in 2025: €100,000
- Reserves +€53,000
up €53,000 (+7.0%), from €760,000 to €813,000
of which Distributable reserves: +€53,000
Income statement
- Gross operating margin +€19,825
up €19,825 (+4.0%), from €498,597 to €518,422
- Staff costs +€8,627
up €8,627 (+7.3%), from €118,876 to €127,502
- Taxes +€5,522
up €5,522 (+12.6%), from €43,989 to €49,511
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.
Result 2024
€141,494
Gross operating margin
+€19,825
Staff costs
-€8,627
Depreciation
+€4,638
Write-downs
-€1,557
Other operating charges
+€977
Other operating items
-€282
Financial income
+€2,239
Financial charges
-€250
Taxes
-€5,522
Result 2025
€152,935
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€418,261
Investment
-€73,401
Financing
-€303,901
Cash 2024
€117,637
From operations (derived)
+€418,261
Net result for the year
+€152,935
Depreciation
+€164,191
Stocks and contracts
-€9,700
Receivables within one year
+€13,435
Deferred charges and accrued income
-€2,015
Trade debts
+€1,531
Tax, wage and social debts
-€2,393
Other debts
+€100,000
Accrued charges and deferred income
+€276
Investment (derived)
-€73,401
Investment in fixed assets (net)
-€73,401
Financing
-€303,901
Debts after one year
-€186,998
Current portion of long-term debt
-€16,903
Contributions, distributions and other
-€100,000
Cash 2025
€158,596
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,087,319 | €2,035,767 | -€51,552 | -2.5% |
| Fixed assets | 21/28 | €1,786,960 | €1,696,170 | -€90,790 | -5.1% |
| Intangible fixed assets | 21 | €1,009 | €671 | -€339 | -33.5% |
| Tangible fixed assets | 22/27 | €1,784,248 | €1,693,796 | -€90,451 | -5.1% |
| Land and buildings | 22 | €1,346,567 | €1,297,664 | -€48,904 | -3.6% |
| Plant, machinery and equipment | 23 | €414,612 | €382,662 | -€31,950 | -7.7% |
| Furniture and vehicles | 24 | €23,068 | €13,470 | -€9,598 | -41.6% |
| Financial fixed assets | 28 | €1,703 | €1,703 | = | 0.0% |
| Current assets | 29/58 | €300,360 | €339,598 | +€39,238 | +13.1% |
| Stocks and contracts in progress | 3 | €28,000 | €37,700 | +€9,700 | +34.6% |
| Stocks | 30/36 | €28,000 | €37,700 | +€9,700 | +34.6% |
| Amounts receivable within one year | 40/41 | €145,191 | €131,756 | -€13,435 | -9.3% |
| Trade receivables | 40 | €50,655 | €49,713 | -€943 | -1.9% |
| Other amounts receivable | 41 | €94,536 | €82,043 | -€12,493 | -13.2% |
| Cash at bank and in hand | 54/58 | €117,637 | €158,596 | +€40,959 | +34.8% |
| Deferred charges and accrued income | 490/1 | €9,531 | €11,546 | +€2,015 | +21.1% |
| Total equity and liabilities | 10/49 | €2,087,319 | €2,035,767 | -€51,552 | -2.5% |
| Equity | 10/15 | €973,361 | €1,026,296 | +€52,935 | +5.4% |
| Contributions | 10/11 | €213,000 | €213,000 | = | 0.0% |
| Reserves | 13 | €760,000 | €813,000 | +€53,000 | +7.0% |
| Tax-exempt reserves | 132 | €30,527 | €30,527 | = | 0.0% |
| Distributable reserves | 133 | €729,473 | €782,473 | +€53,000 | +7.3% |
| Profit (loss) carried forward | 14 | €361 | €296 | -€65 | -18.0% |
| Amounts payable | 17/49 | €1,113,958 | €1,009,472 | -€104,487 | -9.4% |
| Amounts payable after more than one year | 17 | €917,198 | €730,200 | -€186,998 | -20.4% |
| Financial debts | 170/4 | €917,198 | €730,200 | -€186,998 | -20.4% |
| Amounts payable within one year | 42/48 | €190,482 | €272,718 | +€82,235 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €130,017 | €113,114 | -€16,903 | -13.0% |
| Trade debts | 44 | €21,967 | €23,499 | +€1,531 | +7.0% |
| Suppliers | 440/4 | €21,967 | €23,499 | +€1,531 | +7.0% |
| Taxes, remuneration and social security | 45 | €38,498 | €36,105 | -€2,393 | -6.2% |
| Taxes | 450/3 | €32,495 | €29,862 | -€2,632 | -8.1% |
| Remuneration and social security | 454/9 | €6,003 | €6,243 | +€240 | +4.0% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €6,278 | €6,554 | +€276 | +4.4% |
| Remuneration, social security and pensions | 62 | €118,876 | €127,502 | +€8,627 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,828 | €164,191 | -€4,638 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,557 | +€1,557 | |
| Other operating charges | 640/8 | €9,883 | €8,906 | -€977 | -9.9% |
| Non-recurring operating charges | 66A | €63 | €346 | +€282 | +448% |
| Gross operating margin | 9900 | €498,597 | €518,422 | +€19,825 | +4.0% |
| Operating profit (loss) | 9901 | €200,948 | €215,921 | +€14,974 | +7.5% |
| Financial income | 75/76B | €3,759 | €5,998 | +€2,239 | +59.6% |
| Recurring financial income | 75 | €3,759 | €5,998 | +€2,239 | +59.6% |
| Financial charges | 65/66B | €19,223 | €19,473 | +€250 | +1.3% |
| Recurring financial charges | 65 | €19,223 | €19,473 | +€250 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €185,483 | €202,446 | +€16,963 | +9.1% |
| Income taxes | 67/77 | €43,989 | €49,511 | +€5,522 | +12.6% |
| Profit (loss) for the period | 9904 | €141,494 | €152,935 | +€11,441 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,494 | €152,935 | +€11,441 | +8.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.