Maro Construction: 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.
Maro Construction
Largest movements
- Receivables within one year +€473,543
up €473,543 (+119.8%), from €395,353 to €868,896
of which Trade receivables: +€279,984
- Tangible fixed assets +€93,068
up €93,068 (+147.4%), from €63,128 to €156,196
of which Leasing and similar rights: +€106,471
- Short-term financial debts +€250,000
new in 2025: €250,000
- Other debts +€201,549
up €201,549 (+209.0%), from €96,450 to €297,999
- Debts after one year +€56,564
up €56,564 (+90.8%), from €62,270 to €118,835
- Trade debts +€29,325
up €29,325 (+12.0%), from €245,353 to €274,678
- Current portion of long-term debt +€18,930
up €18,930 (+115.9%), from €16,327 to €35,257
- Staff costs +€182,246
new in 2025: €182,246
- Gross operating margin +€162,851
up €162,851 (+224.2%), from €72,645 to €235,496
- Depreciation +€19,559
up €19,559 (+253.6%), from €7,711 to €27,270
- Taxes -€13,077
down €13,077 (-90.2%), from €14,504 to €1,427
- Financial charges +€12,805
up €12,805 (+470.4%), from €2,722 to €15,528
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 | €473,683 | €1,034,332 | +€560,649 | +118.4% |
| Fixed assets | 21/28 | €63,128 | €156,196 | +€93,068 | +147.4% |
| Tangible fixed assets | 22/27 | €63,128 | €156,196 | +€93,068 | +147.4% |
| Plant, machinery and equipment | 23 | €1,379 | €1,019 | -€360 | -26.1% |
| Furniture and vehicles | 24 | €61,750 | €48,706 | -€13,044 | -21.1% |
| Leasing and similar rights | 25 | - | €106,471 | +€106,471 | |
| Current assets | 29/58 | €410,555 | €878,136 | +€467,581 | +113.9% |
| Amounts receivable within one year | 40/41 | €395,353 | €868,896 | +€473,543 | +119.8% |
| Trade receivables | 40 | €151,202 | €431,186 | +€279,984 | +185.2% |
| Other amounts receivable | 41 | €244,151 | €437,711 | +€193,560 | +79.3% |
| Cash at bank and in hand | 54/58 | €7,376 | €1,469 | -€5,907 | -80.1% |
| Deferred charges and accrued income | 490/1 | €7,825 | €7,770 | -€55 | -0.7% |
| Total equity and liabilities | 10/49 | €473,683 | €1,034,332 | +€560,649 | +118.4% |
| Equity | 10/15 | €38,555 | €38,569 | +€14 | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,555 | €35,569 | +€14 | 0.0% |
| Distributable reserves | 133 | €35,555 | €35,569 | +€14 | 0.0% |
| Amounts payable | 17/49 | €435,128 | €995,762 | +€560,634 | +128.8% |
| Amounts payable after more than one year | 17 | €62,270 | €118,835 | +€56,564 | +90.8% |
| Financial debts | 170/4 | €62,270 | €118,835 | +€56,564 | +90.8% |
| Amounts payable within one year | 42/48 | €372,858 | €876,577 | +€503,719 | +135.1% |
| Current portion of amounts payable after more than one year | 42 | €16,327 | €35,257 | +€18,930 | +115.9% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €245,353 | €274,678 | +€29,325 | +12.0% |
| Suppliers | 440/4 | €245,353 | €274,678 | +€29,325 | +12.0% |
| Advances received on contracts in progress | 46 | - | €1,400 | +€1,400 | |
| Taxes, remuneration and social security | 45 | €14,728 | €17,243 | +€2,515 | +17.1% |
| Taxes | 450/3 | €14,728 | €1,460 | -€13,268 | -90.1% |
| Remuneration and social security | 454/9 | - | €15,783 | +€15,783 | |
| Other amounts payable | 47/48 | €96,450 | €297,999 | +€201,549 | +209.0% |
| Accrued charges and deferred income | 492/3 | - | €351 | +€351 | |
| Non-recurring operating income | 76A | €7,473 | - | -€7,473 | |
| Remuneration, social security and pensions | 62 | - | €182,246 | +€182,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,711 | €27,270 | +€19,559 | +253.6% |
| Other operating charges | 640/8 | €7,653 | €9,506 | +€1,853 | +24.2% |
| Non-recurring operating charges | 66A | €4,500 | - | -€4,500 | |
| Gross operating margin | 9900 | €72,645 | €235,496 | +€162,851 | +224.2% |
| Operating profit (loss) | 9901 | €52,782 | €16,474 | -€36,308 | -68.8% |
| Financial income | 75/76B | - | €495 | +€495 | |
| Recurring financial income | 75 | - | €495 | +€495 | |
| Financial charges | 65/66B | €2,722 | €15,528 | +€12,805 | +470.4% |
| Recurring financial charges | 65 | €2,722 | €15,528 | +€12,805 | +470.4% |
| Profit (loss) for the period before taxes | 9903 | €50,059 | €1,441 | -€48,618 | -97.1% |
| Income taxes | 67/77 | €14,504 | €1,427 | -€13,077 | -90.2% |
| Profit (loss) for the period | 9904 | €35,555 | €14 | -€35,540 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,555 | €14 | -€35,540 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.