Maris, Guido: 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, Guido
Largest movements
- Receivables within one year -€540,696
down €540,696 (-78.2%), from €691,333 to €150,636
of which Other amounts receivable: -€390,050
- Current investments +€148,011
up €148,011 (+37.6%), from €393,796 to €541,806
- Cash +€50,990
up €50,990 (+60.0%), from €84,926 to €135,916
mainly Receivables within one year (+€540,696) and Other debts (+€279,393)
- Tangible fixed assets -€28,643
down €28,643 (-10.0%), from €286,119 to €257,476
of which Leasing and similar rights: -€16,720
- Reserves -€687,296
down €687,296 (-53.5%), from €1.3m to €596,874
of which Distributable reserves: -€687,296
- Other debts +€279,393
new in 2025: €279,393
- Tax, wage and social debts +€47,863
up €47,863 (+331%), from €14,480 to €62,343
- Debts after one year -€20,400
down €20,400 (-43.5%), from €46,847 to €26,447
- Financial charges -€40,020
down €40,020 (-90.8%), from €44,094 to €4,074
of which Non-recurring financial charges: -€37,467
- Gross operating margin +€17,099
up €17,099 (+33.3%), from €51,346 to €68,445
- Taxes +€11,620
up €11,620 (+94.2%), from €12,337 to €23,956
- Financial income +€8,987
up €8,987 (+26.0%), from €34,509 to €43,496
of which Non-recurring financial income: +€10,205
- Depreciation +€1,919
up €1,919 (+7.2%), from €26,724 to €28,643
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 | €1,459,680 | €1,088,483 | -€371,197 | -25.4% |
| Fixed assets | 21/28 | €286,119 | €257,476 | -€28,643 | -10.0% |
| Tangible fixed assets | 22/27 | €286,119 | €257,476 | -€28,643 | -10.0% |
| Land and buildings | 22 | €216,945 | €205,397 | -€11,548 | -5.3% |
| Furniture and vehicles | 24 | €375 | €0 | -€375 | -100% |
| Leasing and similar rights | 25 | €68,799 | €52,079 | -€16,720 | -24.3% |
| Current assets | 29/58 | €1,173,561 | €831,007 | -€342,554 | -29.2% |
| Amounts receivable within one year | 40/41 | €691,333 | €150,636 | -€540,696 | -78.2% |
| Trade receivables | 40 | €300,989 | €150,342 | -€150,647 | -50.1% |
| Other amounts receivable | 41 | €390,344 | €294 | -€390,050 | -99.9% |
| Current investments | 50/53 | €393,796 | €541,806 | +€148,011 | +37.6% |
| Cash at bank and in hand | 54/58 | €84,926 | €135,916 | +€50,990 | +60.0% |
| Deferred charges and accrued income | 490/1 | €3,507 | €2,649 | -€859 | -24.5% |
| Total equity and liabilities | 10/49 | €1,459,680 | €1,088,483 | -€371,197 | -25.4% |
| Equity | 10/15 | €1,376,219 | €688,924 | -€687,296 | -49.9% |
| Contributions | 10/11 | €92,050 | €92,050 | = | 0.0% |
| Reserves | 13 | €1,284,169 | €596,874 | -€687,296 | -53.5% |
| Tax-exempt reserves | 132 | €93,145 | €93,145 | = | 0.0% |
| Distributable reserves | 133 | €1,191,025 | €503,729 | -€687,296 | -57.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,461 | €399,559 | +€316,099 | +379% |
| Amounts payable after more than one year | 17 | €46,847 | €26,447 | -€20,400 | -43.5% |
| Financial debts | 170/4 | €46,847 | €26,447 | -€20,400 | -43.5% |
| Amounts payable within one year | 42/48 | €36,545 | €373,113 | +€336,568 | +921% |
| Current portion of amounts payable after more than one year | 42 | €17,952 | €18,733 | +€781 | +4.3% |
| Trade debts | 44 | €4,113 | €12,644 | +€8,531 | +207% |
| Suppliers | 440/4 | €4,113 | €12,644 | +€8,531 | +207% |
| Taxes, remuneration and social security | 45 | €14,480 | €62,343 | +€47,863 | +331% |
| Taxes | 450/3 | €14,480 | €62,343 | +€47,863 | +331% |
| Other amounts payable | 47/48 | - | €279,393 | +€279,393 | |
| Accrued charges and deferred income | 492/3 | €69 | €0 | -€69 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,724 | €28,643 | +€1,919 | +7.2% |
| Other operating charges | 640/8 | €6,450 | €6,018 | -€432 | -6.7% |
| Gross operating margin | 9900 | €51,346 | €68,445 | +€17,099 | +33.3% |
| Operating profit (loss) | 9901 | €18,172 | €33,784 | +€15,613 | +85.9% |
| Financial income | 75/76B | €34,509 | €43,496 | +€8,987 | +26.0% |
| Recurring financial income | 75 | €34,509 | €33,290 | -€1,219 | -3.5% |
| Non-recurring financial income | 76B | - | €10,205 | +€10,205 | |
| Financial charges | 65/66B | €44,094 | €4,074 | -€40,020 | -90.8% |
| Recurring financial charges | 65 | €6,627 | €4,074 | -€2,553 | -38.5% |
| Non-recurring financial charges | 66B | €37,467 | €0 | -€37,467 | -100% |
| Profit (loss) for the period before taxes | 9903 | €8,587 | €73,206 | +€64,619 | +753% |
| Income taxes | 67/77 | €12,337 | €23,956 | +€11,620 | +94.2% |
| Profit (loss) for the period | 9904 | -€3,750 | €49,250 | +€53,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,750 | €49,250 | +€53,000 |
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 30 October 2026 via checked.be.