MARISTYL: 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.
MARISTYL
Largest movements
- Stocks and contracts +€61,976
up €61,976 (+17.7%), from €350,190 to €412,166
- Current investments -€30,216
no longer reported in 2025 (was €30,216)
- Cash -€14,499
down €14,499 (-70.9%), from €20,455 to €5,956
mainly Stocks and contracts (-€61,976) and Investment in fixed assets (net) (-€52,378)
- Debts after one year +€20,449
up €20,449 (+3.7%), from €555,070 to €575,519
- Trade debts +€18,341
up €18,341 (+18.7%), from €97,980 to €116,321
- Tax, wage and social debts -€13,718
down €13,718 (-13.8%), from €99,513 to €85,795
of which Taxes: -€12,203
- Turnover +€1.1m
new in 2025: €1.1m
- Purchases and services +€717,225
new in 2025: €717,225
- Gross operating margin -€27,967
down €27,967 (-6.9%), from €405,045 to €377,078
- Financial charges +€22,422
up €22,422 (+526%), from €4,266 to €26,688
of which Financial charges: +€22,404
- Taxes -€21,706
down €21,706 (-85.1%), from €25,514 to €3,808
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 | €924,242 | €953,379 | +€29,137 | +3.2% |
| Fixed assets | 21/28 | €517,413 | €526,418 | +€9,005 | +1.7% |
| Tangible fixed assets | 22/27 | €517,413 | €526,418 | +€9,005 | +1.7% |
| Land and buildings | 22 | €416,479 | €394,524 | -€21,955 | -5.3% |
| Plant, machinery and equipment | 23 | €7,348 | €5,657 | -€1,691 | -23.0% |
| Furniture and vehicles | 24 | €5,671 | €37,196 | +€31,525 | +556% |
| Other tangible fixed assets | 26 | €87,916 | €89,041 | +€1,126 | +1.3% |
| Current assets | 29/58 | €406,829 | €426,961 | +€20,132 | +4.9% |
| Stocks and contracts in progress | 3 | €350,190 | €412,166 | +€61,976 | +17.7% |
| Stocks | 30/36 | €350,190 | €412,166 | +€61,976 | +17.7% |
| Amounts receivable within one year | 40/41 | €5,896 | €8,734 | +€2,838 | +48.1% |
| Trade receivables | 40 | €5,896 | €8,734 | +€2,838 | +48.1% |
| Current investments | 50/53 | €30,216 | - | -€30,216 | |
| Cash at bank and in hand | 54/58 | €20,455 | €5,956 | -€14,499 | -70.9% |
| Deferred charges and accrued income | 490/1 | €72 | €105 | +€33 | +46.2% |
| Total equity and liabilities | 10/49 | €924,242 | €953,379 | +€29,137 | +3.2% |
| Equity | 10/15 | €134,137 | €133,461 | -€676 | -0.5% |
| Contributions | 10/11 | €18,536 | €18,536 | = | 0.0% |
| Capital | 10 | €18,536 | €18,536 | = | 0.0% |
| Issued capital | 100 | €18,536 | €18,536 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,747 | €113,070 | -€676 | -0.6% |
| Amounts payable | 17/49 | €790,105 | €819,918 | +€29,813 | +3.8% |
| Amounts payable after more than one year | 17 | €555,070 | €575,519 | +€20,449 | +3.7% |
| Financial debts | 170/4 | €555,070 | €575,519 | +€20,449 | +3.7% |
| Amounts payable within one year | 42/48 | €235,034 | €244,399 | +€9,365 | +4.0% |
| Financial debts | 43 | €31,607 | €38,349 | +€6,742 | +21.3% |
| Credit institutions | 430/8 | €31,607 | €38,349 | +€6,742 | +21.3% |
| Trade debts | 44 | €97,980 | €116,321 | +€18,341 | +18.7% |
| Suppliers | 440/4 | €97,980 | €116,321 | +€18,341 | +18.7% |
| Taxes, remuneration and social security | 45 | €99,513 | €85,795 | -€13,718 | -13.8% |
| Taxes | 450/3 | €51,039 | €38,836 | -€12,203 | -23.9% |
| Remuneration and social security | 454/9 | €48,475 | €46,959 | -€1,515 | -3.1% |
| Other amounts payable | 47/48 | €5,935 | €3,935 | -€2,000 | -33.7% |
| Turnover | 70 | - | €1,090,835 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €717,225 | +€717,225 | |
| Remuneration, social security and pensions | 62 | €293,925 | €293,772 | -€153 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,755 | €43,373 | +€9,619 | +28.5% |
| Other operating charges | 640/8 | €11,563 | €11,497 | -€66 | -0.6% |
| Non-recurring operating charges | 66A | €15 | - | -€15 | |
| Gross operating margin | 9900 | €405,045 | €377,078 | -€27,967 | -6.9% |
| Operating profit (loss) | 9901 | €65,787 | €28,435 | -€37,352 | -56.8% |
| Financial income | 75/76B | €327 | €1,384 | +€1,057 | +323% |
| Recurring financial income | 75 | €327 | €1,384 | +€1,057 | +323% |
| Financial charges | 65/66B | €4,266 | €26,688 | +€22,422 | +526% |
| Recurring financial charges | 65 | €4,266 | €26,670 | +€22,404 | +525% |
| Non-recurring financial charges | 66B | - | €18 | +€18 | |
| Profit (loss) for the period before taxes | 9903 | €61,848 | €3,131 | -€58,717 | -94.9% |
| Income taxes | 67/77 | €25,514 | €3,808 | -€21,706 | -85.1% |
| Profit (loss) for the period | 9904 | €36,334 | -€676 | -€37,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,334 | -€676 | -€37,011 |
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 19 October 2026 via checked.be.