MARIS LUC: 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 LUC
Largest movements
- Cash +€33,718
up €33,718 (+340%), from €9,928 to €43,646
mainly Receivables within one year (+€32,535) and Depreciation (+€29,323)
- Receivables within one year -€32,535
down €32,535 (-93.1%), from €34,932 to €2,397
of which Trade receivables: -€31,467
- Tangible fixed assets -€29,258
down €29,258 (-11.2%), from €262,191 to €232,933
- Debts after one year -€35,433
down €35,433 (-26.8%), from €132,396 to €96,963
- Reserves +€8,328
up €8,328 (+9.2%), from €90,631 to €98,959
of which Distributable reserves: +€8,328
- Tax, wage and social debts +€7,445
up €7,445 (+1,785%), from €417 to €7,862
- Accrued charges and deferred income -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin +€11,649
up €11,649 (+26.4%), from €44,161 to €55,810
- Taxes +€4,310
new in 2025: €4,310
- Financial income +€2,070
new in 2025: €2,070
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 | €310,211 | €283,649 | -€26,562 | -8.6% |
| Fixed assets | 21/28 | €263,336 | €234,078 | -€29,258 | -11.1% |
| Tangible fixed assets | 22/27 | €262,191 | €232,933 | -€29,258 | -11.2% |
| Land and buildings | 22 | €228,012 | €213,552 | -€14,460 | -6.3% |
| Furniture and vehicles | 24 | €27,736 | €19,381 | -€8,355 | -30.1% |
| Leasing and similar rights | 25 | €6,443 | - | -€6,443 | |
| Financial fixed assets | 28 | €1,145 | €1,145 | = | 0.0% |
| Current assets | 29/58 | €46,875 | €49,571 | +€2,696 | +5.8% |
| Amounts receivable within one year | 40/41 | €34,932 | €2,397 | -€32,535 | -93.1% |
| Trade receivables | 40 | €33,864 | €2,397 | -€31,467 | -92.9% |
| Other amounts receivable | 41 | €1,068 | - | -€1,068 | |
| Cash at bank and in hand | 54/58 | €9,928 | €43,646 | +€33,718 | +340% |
| Deferred charges and accrued income | 490/1 | €2,015 | €3,528 | +€1,513 | +75.1% |
| Total equity and liabilities | 10/49 | €310,211 | €283,649 | -€26,562 | -8.6% |
| Equity | 10/15 | €108,476 | €117,551 | +€9,075 | +8.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €90,631 | €98,959 | +€8,328 | +9.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €88,772 | €97,100 | +€8,328 | +9.4% |
| Profit (loss) carried forward | 14 | -€747 | - | +€747 | |
| Amounts payable | 17/49 | €201,735 | €166,098 | -€35,637 | -17.7% |
| Amounts payable after more than one year | 17 | €132,396 | €96,963 | -€35,433 | -26.8% |
| Financial debts | 170/4 | €132,396 | €96,963 | -€35,433 | -26.8% |
| Amounts payable within one year | 42/48 | €63,339 | €69,135 | +€5,796 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €35,645 | €36,116 | +€471 | +1.3% |
| Trade debts | 44 | €24,191 | €22,071 | -€2,120 | -8.8% |
| Suppliers | 440/4 | €24,191 | €22,071 | -€2,120 | -8.8% |
| Taxes, remuneration and social security | 45 | €417 | €7,862 | +€7,445 | +1,785% |
| Taxes | 450/3 | €417 | €7,862 | +€7,445 | +1,785% |
| Other amounts payable | 47/48 | €3,086 | €3,086 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,331 | €29,323 | -€8 | 0.0% |
| Other operating charges | 640/8 | €9,629 | €9,294 | -€335 | -3.5% |
| Gross operating margin | 9900 | €44,161 | €55,810 | +€11,649 | +26.4% |
| Operating profit (loss) | 9901 | €5,201 | €17,193 | +€11,992 | +231% |
| Financial income | 75/76B | - | €2,070 | +€2,070 | |
| Recurring financial income | 75 | - | €2,070 | +€2,070 | |
| Financial charges | 65/66B | €5,948 | €5,879 | -€69 | -1.2% |
| Recurring financial charges | 65 | €5,948 | €5,879 | -€69 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€747 | €13,384 | +€14,131 | |
| Income taxes | 67/77 | - | €4,310 | +€4,310 | |
| Profit (loss) for the period | 9904 | -€747 | €9,074 | +€9,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€747 | €9,074 | +€9,821 |
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 13 October 2026 via checked.be.