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
- Current investments +€896,834
up €896,834 (+45.9%), from €2.0m to €2.9m
- Financial fixed assets -€305,346
down €305,346 (-98.8%), from €309,096 to €3,750
- Cash +€161,285
up €161,285 (+195%), from €82,611 to €243,896
mainly Net result for the year (+€673,337) and Investment in fixed assets (net) (+€305,346)
- Receivables within one year +€123,607
up €123,607 (+190%), from €64,898 to €188,505
- Reserves +€671,737
up €671,737 (+24.9%), from €2.7m to €3.4m
of which Distributable reserves: +€461,237
- Tax, wage and social debts +€100,436
up €100,436 (+93.3%), from €107,660 to €208,096
of which Taxes: +€101,936
- Accrued charges and deferred income +€100,000
new in 2025: €100,000
- Gross operating margin +€301,612
up €301,612 (+48.9%), from €616,793 to €918,405
- Taxes +€82,152
up €82,152 (+41.1%), from €199,687 to €281,839
- Financial income +€38,126
up €38,126 (+130%), from €29,335 to €67,461
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 | €2,890,745 | €3,744,321 | +€853,576 | +29.5% |
| Fixed assets | 21/28 | €384,113 | €57,906 | -€326,207 | -84.9% |
| Tangible fixed assets | 22/27 | €75,017 | €54,156 | -€20,861 | -27.8% |
| Plant, machinery and equipment | 23 | €7,252 | €5,085 | -€2,167 | -29.9% |
| Furniture and vehicles | 24 | €67,765 | €49,071 | -€18,694 | -27.6% |
| Financial fixed assets | 28 | €309,096 | €3,750 | -€305,346 | -98.8% |
| Current assets | 29/58 | €2,506,632 | €3,686,414 | +€1.2m | +47.1% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,898 | €188,505 | +€123,607 | +190% |
| Trade receivables | 40 | €64,898 | €188,505 | +€123,607 | +190% |
| Current investments | 50/53 | €1,955,626 | €2,852,460 | +€896,834 | +45.9% |
| Cash at bank and in hand | 54/58 | €82,611 | €243,896 | +€161,285 | +195% |
| Deferred charges and accrued income | 490/1 | €3,497 | €1,553 | -€1,944 | -55.6% |
| Total equity and liabilities | 10/49 | €2,890,745 | €3,744,321 | +€853,576 | +29.5% |
| Equity | 10/15 | €2,743,059 | €3,414,797 | +€671,737 | +24.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,693,059 | €3,364,797 | +€671,737 | +24.9% |
| Non-distributable reserves | 130/1 | €27,850 | €27,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,850 | €27,850 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €2,665,209 | €3,126,447 | +€461,237 | +17.3% |
| Amounts payable | 17/49 | €147,686 | €329,524 | +€181,838 | +123% |
| Amounts payable within one year | 42/48 | €147,686 | €229,524 | +€81,838 | +55.4% |
| Trade debts | 44 | €5,787 | €7,305 | +€1,518 | +26.2% |
| Suppliers | 440/4 | €5,787 | €7,305 | +€1,518 | +26.2% |
| Taxes, remuneration and social security | 45 | €107,660 | €208,096 | +€100,436 | +93.3% |
| Taxes | 450/3 | €104,660 | €206,596 | +€101,936 | +97.4% |
| Remuneration and social security | 454/9 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Other amounts payable | 47/48 | €34,239 | €14,123 | -€20,116 | -58.8% |
| Accrued charges and deferred income | 492/3 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,701 | €20,861 | +€1,160 | +5.9% |
| Other operating charges | 640/8 | €2,343 | €6,848 | +€4,505 | +192% |
| Gross operating margin | 9900 | €616,793 | €918,405 | +€301,612 | +48.9% |
| Operating profit (loss) | 9901 | €594,749 | €890,697 | +€295,948 | +49.8% |
| Financial income | 75/76B | €29,335 | €67,461 | +€38,126 | +130% |
| Recurring financial income | 75 | €29,335 | €67,461 | +€38,126 | +130% |
| Financial charges | 65/66B | €247 | €2,982 | +€2,736 | +1,109% |
| Recurring financial charges | 65 | €247 | €2,982 | +€2,736 | +1,109% |
| Profit (loss) for the period before taxes | 9903 | €623,837 | €955,176 | +€331,339 | +53.1% |
| Income taxes | 67/77 | €199,687 | €281,839 | +€82,152 | +41.1% |
| Profit (loss) for the period | 9904 | €424,150 | €673,337 | +€249,187 | +58.7% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €424,150 | €462,837 | +€38,687 | +9.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.