Maris Projects: what changed
Two fiscal 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 Projects
Largest movements
- Receivables within one year -€49,518
down €49,518 (-69.8%), from €70,922 to €21,404
of which Trade receivables: -€43,091
- Cash -€6,784
down €6,784 (-23.9%), from €28,397 to €21,613
mainly Debts after one year (-€28,819) and Trade debts (-€23,902)
- Debts after one year -€28,819
down €28,819 (-12.0%), from €239,639 to €210,819
- Trade debts -€23,902
down €23,902 (-32.4%), from €73,801 to €49,900
- Current portion of long-term debt -€11,625
down €11,625 (-28.7%), from €40,444 to €28,819
- Other debts +€6,141
up €6,141, from €0 to €6,141
- Gross operating margin -€20,171
down €20,171 (-26.6%), from €75,798 to €55,627
- Taxes -€4,719
down €4,719 (-80.5%), from €5,859 to €1,141
- Staff costs +€818
up €818 (+2.1%), from €38,780 to €39,598
- Other operating charges -€811
down €811 (-26.3%), from €3,087 to €2,276
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.
Cash bridge derived
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 | €470,082 | €406,835 | -€63,247 | -13.5% |
| Fixed assets | 21/28 | €337,734 | €334,281 | -€3,453 | -1.0% |
| Tangible fixed assets | 22/27 | €337,734 | €334,281 | -€3,453 | -1.0% |
| Land and buildings | 22 | €318,366 | €314,905 | -€3,460 | -1.1% |
| Plant, machinery and equipment | 23 | €17,195 | €18,006 | +€811 | +4.7% |
| Furniture and vehicles | 24 | €2,173 | €1,370 | -€804 | -37.0% |
| Current assets | 29/58 | €132,347 | €72,554 | -€59,794 | -45.2% |
| Stocks and contracts in progress | 3 | €23,500 | €23,500 | = | 0.0% |
| Stocks | 30/36 | €23,500 | €23,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,922 | €21,404 | -€49,518 | -69.8% |
| Trade receivables | 40 | €52,522 | €9,431 | -€43,091 | -82.0% |
| Other amounts receivable | 41 | €18,399 | €11,972 | -€6,427 | -34.9% |
| Current investments | 50/53 | €8 | €22 | +€14 | +173.0% |
| Cash at bank and in hand | 54/58 | €28,397 | €21,613 | -€6,784 | -23.9% |
| Deferred charges and accrued income | 490/1 | €9,521 | €6,015 | -€3,506 | -36.8% |
| Total equity and liabilities | 10/49 | €470,082 | €406,835 | -€63,247 | -13.5% |
| Equity | 10/15 | €109,910 | €109,527 | -€384 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,310 | €90,927 | -€384 | -0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €89,450 | €89,067 | -€384 | -0.4% |
| Amounts payable | 17/49 | €360,171 | €297,308 | -€62,863 | -17.5% |
| Amounts payable after more than one year | 17 | €239,639 | €210,819 | -€28,819 | -12.0% |
| Financial debts | 170/4 | €239,639 | €210,819 | -€28,819 | -12.0% |
| Amounts payable within one year | 42/48 | €120,532 | €86,489 | -€34,044 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €40,444 | €28,819 | -€11,625 | -28.7% |
| Trade debts | 44 | €73,801 | €49,900 | -€23,902 | -32.4% |
| Suppliers | 440/4 | €73,801 | €49,900 | -€23,902 | -32.4% |
| Taxes, remuneration and social security | 45 | €6,287 | €1,629 | -€4,658 | -74.1% |
| Taxes | 450/3 | €4,289 | €0 | -€4,289 | -100.0% |
| Remuneration and social security | 454/9 | €1,998 | €1,629 | -€369 | -18.5% |
| Other amounts payable | 47/48 | €0 | €6,141 | +€6,141 | |
| Remuneration, social security and pensions | 62 | €38,780 | €39,598 | +€818 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,791 | €7,202 | +€410 | +6.0% |
| Other operating charges | 640/8 | €3,087 | €2,276 | -€811 | -26.3% |
| Gross operating margin | 9900 | €75,798 | €55,627 | -€20,171 | -26.6% |
| Operating profit (loss) | 9901 | €27,139 | €6,552 | -€20,588 | -75.9% |
| Financial income | 75/76B | €240 | €49 | -€190 | -79.4% |
| Recurring financial income | 75 | €240 | €49 | -€190 | -79.4% |
| Financial charges | 65/66B | €6,386 | €5,844 | -€542 | -8.5% |
| Recurring financial charges | 65 | €6,386 | €5,844 | -€542 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €20,993 | €757 | -€20,236 | -96.4% |
| Income taxes | 67/77 | €5,859 | €1,141 | -€4,719 | -80.5% |
| Profit (loss) for the period | 9904 | €15,134 | -€384 | -€15,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,134 | -€384 | -€15,517 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.