Maris Lisa: 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 Lisa
Largest movements
- Receivables after one year -€45,927
no longer reported in 2025 (was €45,927)
- Cash -€31,587
down €31,587 (-24.3%), from €129,811 to €98,224
mainly Contributions, distributions and other (-€136,000) and Other debts (-€35,984)
- Tangible fixed assets -€23,292
down €23,292 (-10.0%), from €232,910 to €209,618
- Receivables within one year +€5,500
new in 2025: €5,500
- Reserves -€56,831
down €56,831 (-92.1%), from €61,721 to €4,889
- Other debts -€35,984
down €35,984 (-34.5%), from €104,317 to €68,333
- Debts after one year -€21,273
down €21,273 (-10.8%), from €197,534 to €176,261
- Tax, wage and social debts +€18,878
new in 2025: €18,878
- Trade debts -€4,266
down €4,266 (-85.7%), from €4,979 to €714
- Gross operating margin +€27,378
up €27,378 (+24.4%), from €112,026 to €139,404
- Taxes +€11,897
up €11,897 (+75.6%), from €15,731 to €27,628
- Depreciation -€5,857
down €5,857 (-18.5%), from €31,584 to €25,727
- Other operating charges +€2,393
up €2,393 (+333%), from €719 to €3,112
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 | €408,912 | €313,342 | -€95,570 | -23.4% |
| Fixed assets | 21/28 | €232,910 | €209,618 | -€23,292 | -10.0% |
| Tangible fixed assets | 22/27 | €232,910 | €209,618 | -€23,292 | -10.0% |
| Land and buildings | 22 | €195,426 | €184,508 | -€10,918 | -5.6% |
| Plant, machinery and equipment | 23 | €18,078 | €10,707 | -€7,372 | -40.8% |
| Furniture and vehicles | 24 | €19,406 | €14,403 | -€5,003 | -25.8% |
| Current assets | 29/58 | €176,002 | €103,724 | -€72,278 | -41.1% |
| Amounts receivable after more than one year | 29 | €45,927 | - | -€45,927 | |
| Other amounts receivable | 291 | €45,927 | - | -€45,927 | |
| Amounts receivable within one year | 40/41 | - | €5,500 | +€5,500 | |
| Trade receivables | 40 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €129,811 | €98,224 | -€31,587 | -24.3% |
| Deferred charges and accrued income | 490/1 | €264 | - | -€264 | |
| Total equity and liabilities | 10/49 | €408,912 | €313,342 | -€95,570 | -23.4% |
| Equity | 10/15 | €67,721 | €10,889 | -€56,831 | -83.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €61,721 | €4,889 | -€56,831 | -92.1% |
| Distributable reserves | 133 | €61,721 | €4,889 | -€56,831 | -92.1% |
| Amounts payable | 17/49 | €341,191 | €302,453 | -€38,739 | -11.4% |
| Amounts payable after more than one year | 17 | €197,534 | €176,261 | -€21,273 | -10.8% |
| Financial debts | 170/4 | €197,534 | €176,261 | -€21,273 | -10.8% |
| Amounts payable within one year | 42/48 | €143,658 | €126,192 | -€17,466 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €34,361 | €38,267 | +€3,906 | +11.4% |
| Trade debts | 44 | €4,979 | €714 | -€4,266 | -85.7% |
| Suppliers | 440/4 | €4,979 | €714 | -€4,266 | -85.7% |
| Taxes, remuneration and social security | 45 | - | €18,878 | +€18,878 | |
| Taxes | 450/3 | - | €18,878 | +€18,878 | |
| Other amounts payable | 47/48 | €104,317 | €68,333 | -€35,984 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,584 | €25,727 | -€5,857 | -18.5% |
| Other operating charges | 640/8 | €719 | €3,112 | +€2,393 | +333% |
| Gross operating margin | 9900 | €112,026 | €139,404 | +€27,378 | +24.4% |
| Operating profit (loss) | 9901 | €79,722 | €110,565 | +€30,843 | +38.7% |
| Financial charges | 65/66B | €3,589 | €3,768 | +€180 | +5.0% |
| Recurring financial charges | 65 | €3,589 | €3,768 | +€180 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €76,134 | €106,797 | +€30,663 | +40.3% |
| Income taxes | 67/77 | €15,731 | €27,628 | +€11,897 | +75.6% |
| Profit (loss) for the period | 9904 | €60,403 | €79,169 | +€18,766 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,403 | €79,169 | +€18,766 | +31.1% |
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 23 October 2026 via checked.be.