MarITs: 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.
MarITs
Largest movements
- Receivables within one year +€97,015
up €97,015 (+136%), from €71,223 to €168,238
of which Other amounts receivable: +€75,540
- Current investments +€55,489
up €55,489 (+62.9%), from €88,244 to €143,734
- Cash -€33,322
down €33,322 (-27.6%), from €120,719 to €87,397
mainly Receivables within one year (-€97,015) and Current investments (-€55,489)
- Reserves +€87,623
up €87,623 (+35.9%), from €244,309 to €331,932
of which Distributable reserves: +€87,623
- Tax, wage and social debts +€27,666
up €27,666 (+189%), from €14,613 to €42,279
- Other debts +€5,588
up €5,588 (+46.0%), from €12,135 to €17,723
- Taxes +€18,905
up €18,905 (+47.1%), from €40,173 to €59,078
- Gross operating margin +€15,139
up €15,139 (+10.4%), from €145,996 to €161,134
- Depreciation -€4,367
down €4,367 (-74.6%), from €5,856 to €1,488
- Financial income +€3,493
up €3,493 (+157%), from €2,220 to €5,713
- Financial charges -€2,929
down €2,929, from €2,664 to -€264
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,966 | €406,607 | +€120,641 | +42.2% |
| Fixed assets | 21/28 | €3,161 | €4,398 | +€1,238 | +39.2% |
| Tangible fixed assets | 22/27 | €1,679 | €2,916 | +€1,238 | +73.7% |
| Furniture and vehicles | 24 | €1,679 | €2,916 | +€1,238 | +73.7% |
| Financial fixed assets | 28 | €1,482 | €1,482 | = | 0.0% |
| Current assets | 29/58 | €282,805 | €402,208 | +€119,403 | +42.2% |
| Amounts receivable within one year | 40/41 | €71,223 | €168,238 | +€97,015 | +136% |
| Trade receivables | 40 | €30,106 | €51,581 | +€21,475 | +71.3% |
| Other amounts receivable | 41 | €41,117 | €116,658 | +€75,540 | +184% |
| Current investments | 50/53 | €88,244 | €143,734 | +€55,489 | +62.9% |
| Cash at bank and in hand | 54/58 | €120,719 | €87,397 | -€33,322 | -27.6% |
| Deferred charges and accrued income | 490/1 | €2,618 | €2,840 | +€222 | +8.5% |
| Total equity and liabilities | 10/49 | €285,966 | €406,607 | +€120,641 | +42.2% |
| Equity | 10/15 | €256,709 | €344,474 | +€87,765 | +34.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,309 | €331,932 | +€87,623 | +35.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €244,309 | €331,932 | +€87,623 | +35.9% |
| Profit (loss) carried forward | 14 | €0 | €142 | +€142 | |
| Amounts payable | 17/49 | €29,256 | €62,133 | +€32,877 | +112% |
| Amounts payable within one year | 42/48 | €29,256 | €62,133 | +€32,877 | +112% |
| Financial debts | 43 | €5 | €0 | -€5 | -100% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -100% |
| Trade debts | 44 | €2,504 | €2,132 | -€373 | -14.9% |
| Suppliers | 440/4 | €2,504 | €2,132 | -€373 | -14.9% |
| Taxes, remuneration and social security | 45 | €14,613 | €42,279 | +€27,666 | +189% |
| Taxes | 450/3 | €14,613 | €42,279 | +€27,666 | +189% |
| Other amounts payable | 47/48 | €12,135 | €17,723 | +€5,588 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,856 | €1,488 | -€4,367 | -74.6% |
| Other operating charges | 640/8 | €610 | €1,058 | +€447 | +73.3% |
| Gross operating margin | 9900 | €145,996 | €161,134 | +€15,139 | +10.4% |
| Operating profit (loss) | 9901 | €139,529 | €158,588 | +€19,059 | +13.7% |
| Financial income | 75/76B | €2,220 | €5,713 | +€3,493 | +157% |
| Recurring financial income | 75 | €2,220 | €5,713 | +€3,493 | +157% |
| Financial charges | 65/66B | €2,664 | -€264 | -€2,929 | |
| Recurring financial charges | 65 | €2,664 | -€264 | -€2,929 | |
| Profit (loss) for the period before taxes | 9903 | €139,085 | €164,566 | +€25,481 | +18.3% |
| Income taxes | 67/77 | €40,173 | €59,078 | +€18,905 | +47.1% |
| Profit (loss) for the period | 9904 | €98,912 | €105,487 | +€6,575 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,912 | €105,487 | +€6,575 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.