MARIS: 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.
MARIS
Largest movements
- Tangible fixed assets -€23,301
down €23,301 (-13.7%), from €169,765 to €146,463
of which Land and buildings: -€18,414
- Cash +€20,250
up €20,250 (+13.6%), from €148,885 to €169,135
mainly Depreciation (+€23,301) and Receivables within one year (+€4,399)
- Receivables within one year -€4,399
down €4,399 (-53.5%), from €8,218 to €3,819
of which Trade receivables: -€3,198
- Profit (loss) carried forward -€4,042
down €4,042 (-1.8%), from €224,999 to €220,957
- Gross operating margin -€8,621
down €8,621 (-28.4%), from €30,409 to €21,788
- Depreciation -€2,876
down €2,876 (-11.0%), from €26,177 to €23,301
- Taxes -€872
down €872 (-86.4%), from €1,010 to €137
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 | €328,467 | €321,066 | -€7,401 | -2.3% |
| Fixed assets | 21/28 | €169,765 | €146,463 | -€23,301 | -13.7% |
| Tangible fixed assets | 22/27 | €169,765 | €146,463 | -€23,301 | -13.7% |
| Land and buildings | 22 | €159,255 | €140,841 | -€18,414 | -11.6% |
| Furniture and vehicles | 24 | €10,510 | €5,623 | -€4,887 | -46.5% |
| Current assets | 29/58 | €158,702 | €174,603 | +€15,901 | +10.0% |
| Amounts receivable within one year | 40/41 | €8,218 | €3,819 | -€4,399 | -53.5% |
| Trade receivables | 40 | €6,055 | €2,857 | -€3,198 | -52.8% |
| Other amounts receivable | 41 | €2,162 | €961 | -€1,201 | -55.5% |
| Cash at bank and in hand | 54/58 | €148,885 | €169,135 | +€20,250 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,650 | +€50 | +3.1% |
| Total equity and liabilities | 10/49 | €328,467 | €321,066 | -€7,401 | -2.3% |
| Equity | 10/15 | €320,017 | €314,750 | -€5,268 | -1.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €57,834 | €56,609 | -€1,225 | -2.1% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,802 | €8,577 | -€1,225 | -12.5% |
| Distributable reserves | 133 | €44,312 | €44,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,999 | €220,957 | -€4,042 | -1.8% |
| Provisions and deferred taxes | 16 | €5,048 | €4,417 | -€631 | -12.5% |
| Deferred taxes | 168 | €5,048 | €4,417 | -€631 | -12.5% |
| Amounts payable | 17/49 | €3,402 | €1,900 | -€1,502 | -44.2% |
| Amounts payable within one year | 42/48 | €3,402 | €1,900 | -€1,502 | -44.2% |
| Trade debts | 44 | €1,856 | €246 | -€1,610 | -86.7% |
| Suppliers | 440/4 | €1,856 | €246 | -€1,610 | -86.7% |
| Taxes, remuneration and social security | 45 | €1,546 | €1,654 | +€108 | +7.0% |
| Taxes | 450/3 | €1,296 | €1,404 | +€108 | +8.3% |
| Remuneration and social security | 454/9 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,177 | €23,301 | -€2,876 | -11.0% |
| Other operating charges | 640/8 | €3,925 | €4,196 | +€270 | +6.9% |
| Gross operating margin | 9900 | €30,409 | €21,788 | -€8,621 | -28.4% |
| Operating profit (loss) | 9901 | €307 | -€5,710 | -€6,016 | |
| Financial income | 75/76B | €510 | €263 | -€247 | -48.4% |
| Recurring financial income | 75 | €510 | €263 | -€247 | -48.4% |
| Financial charges | 65/66B | €285 | €315 | +€30 | +10.4% |
| Recurring financial charges | 65 | €285 | €315 | +€30 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €532 | -€5,761 | -€6,293 | |
| Transfer from deferred taxes | 780 | €631 | €631 | -€0 | 0.0% |
| Income taxes | 67/77 | €1,010 | €137 | -€872 | -86.4% |
| Profit (loss) for the period | 9904 | €153 | -€5,268 | -€5,421 | |
| Transfer from tax-exempt reserves | 789 | €1,225 | €1,225 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,378 | -€4,042 | -€5,421 |
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 18 October 2026 via checked.be.