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 -€8,039
down €8,039 (-19.7%), from €40,901 to €32,862
- Cash +€2,375
up €2,375 (+10.1%), from €23,462 to €25,837
mainly Net result for the year (+€17,179) and Depreciation (+€11,034)
- Receivables within one year -€1,746
down €1,746 (-4.8%), from €36,742 to €34,996
of which Trade receivables: -€7,430
- Reserves +€17,100
up €17,100 (+28.2%), from €60,600 to €77,700
- Other debts -€15,927
down €15,927 (-19.8%), from €80,539 to €64,612
- Tax, wage and social debts -€8,176
no longer reported in 2025 (was €8,176)
- Gross operating margin -€18,468
down €18,468 (-32.9%), from €56,079 to €37,611
- Depreciation +€6,385
up €6,385 (+137%), from €4,649 to €11,034
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 | €101,124 | €93,713 | -€7,410 | -7.3% |
| Fixed assets | 21/28 | €40,919 | €32,880 | -€8,039 | -19.6% |
| Tangible fixed assets | 22/27 | €40,901 | €32,862 | -€8,039 | -19.7% |
| Furniture and vehicles | 24 | €40,901 | €32,862 | -€8,039 | -19.7% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €60,204 | €60,833 | +€629 | +1.0% |
| Amounts receivable within one year | 40/41 | €36,742 | €34,996 | -€1,746 | -4.8% |
| Trade receivables | 40 | €7,430 | - | -€7,430 | |
| Other amounts receivable | 41 | €29,312 | €34,996 | +€5,684 | +19.4% |
| Cash at bank and in hand | 54/58 | €23,462 | €25,837 | +€2,375 | +10.1% |
| Total equity and liabilities | 10/49 | €101,124 | €93,713 | -€7,410 | -7.3% |
| Equity | 10/15 | €8,729 | €25,908 | +€17,179 | +197% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €60,600 | €77,700 | +€17,100 | +28.2% |
| Distributable reserves | 133 | €60,600 | €77,700 | +€17,100 | +28.2% |
| Profit (loss) carried forward | 14 | -€70,463 | -€70,384 | +€79 | +0.1% |
| Amounts payable | 17/49 | €92,394 | €67,806 | -€24,589 | -26.6% |
| Amounts payable within one year | 42/48 | €91,978 | €67,806 | -€24,173 | -26.3% |
| Trade debts | 44 | €3,263 | €3,193 | -€70 | -2.1% |
| Suppliers | 440/4 | €3,263 | €3,193 | -€70 | -2.1% |
| Taxes, remuneration and social security | 45 | €8,176 | - | -€8,176 | |
| Taxes | 450/3 | €8,176 | - | -€8,176 | |
| Other amounts payable | 47/48 | €80,539 | €64,612 | -€15,927 | -19.8% |
| Accrued charges and deferred income | 492/3 | €416 | - | -€416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,649 | €11,034 | +€6,385 | +137% |
| Other operating charges | 640/8 | €577 | €928 | +€351 | +60.8% |
| Gross operating margin | 9900 | €56,079 | €37,611 | -€18,468 | -32.9% |
| Operating profit (loss) | 9901 | €50,853 | €25,649 | -€25,204 | -49.6% |
| Financial charges | 65/66B | €64 | €55 | -€9 | -13.5% |
| Recurring financial charges | 65 | €64 | €55 | -€9 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €50,789 | €25,594 | -€25,195 | -49.6% |
| Income taxes | 67/77 | €8,176 | €8,415 | +€239 | +2.9% |
| Profit (loss) for the period | 9904 | €42,613 | €17,179 | -€25,434 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,613 | €17,179 | -€25,434 | -59.7% |
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 17 October 2026 via checked.be.