MaRo Consultancy: 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.
MaRo Consultancy
Largest movements
- Receivables within one year +€30,131
up €30,131 (+165.3%), from €18,228 to €48,359
of which Other amounts receivable: +€42,893
- Cash +€20,664
up €20,664 (+248.7%), from €8,307 to €28,971
mainly Net result for the year (+€38,349) and Tax, wage and social debts (+€13,510)
- Tangible fixed assets +€1,706
up €1,706 (+76.5%), from €2,230 to €3,936
of which Other tangible fixed assets: +€1,119
- Reserves +€38,349
up €38,349 (+194.8%), from €19,685 to €58,035
- Tax, wage and social debts +€13,510
up €13,510 (+243.1%), from €5,558 to €19,068
- Gross operating margin +€31,554
up €31,554 (+123.6%), from €25,521 to €57,075
- Taxes +€10,855
up €10,855 (+208.6%), from €5,204 to €16,058
- Financial charges +€1,827
up €1,827 (+301.4%), from €606 to €2,433
- Financial income +€1,266
up €1,266 (+2713.4%), from €47 to €1,312
- Depreciation +€989
up €989 (+1367.0%), from €72 to €1,062
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 | €29,091 | €82,365 | +€53,274 | +183.1% |
| Fixed assets | 21/28 | €2,230 | €4,476 | +€2,246 | +100.7% |
| Tangible fixed assets | 22/27 | €2,230 | €3,936 | +€1,706 | +76.5% |
| Plant, machinery and equipment | 23 | €1,602 | €1,279 | -€323 | -20.2% |
| Furniture and vehicles | 24 | €627 | €1,537 | +€910 | +145.1% |
| Other tangible fixed assets | 26 | - | €1,119 | +€1,119 | |
| Financial fixed assets | 28 | - | €540 | +€540 | |
| Current assets | 29/58 | €26,861 | €77,890 | +€51,028 | +190.0% |
| Amounts receivable within one year | 40/41 | €18,228 | €48,359 | +€30,131 | +165.3% |
| Trade receivables | 40 | €12,762 | €0 | -€12,762 | -100.0% |
| Other amounts receivable | 41 | €5,466 | €48,359 | +€42,893 | +784.7% |
| Cash at bank and in hand | 54/58 | €8,307 | €28,971 | +€20,664 | +248.7% |
| Deferred charges and accrued income | 490/1 | €326 | €560 | +€234 | +71.6% |
| Total equity and liabilities | 10/49 | €29,091 | €82,365 | +€53,274 | +183.1% |
| Equity | 10/15 | €22,185 | €60,535 | +€38,349 | +172.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,685 | €58,035 | +€38,349 | +194.8% |
| Distributable reserves | 133 | €19,685 | €58,035 | +€38,349 | +194.8% |
| Amounts payable | 17/49 | €6,906 | €21,831 | +€14,925 | +216.1% |
| Amounts payable within one year | 42/48 | €6,906 | €21,831 | +€14,925 | +216.1% |
| Financial debts | 43 | €100 | €747 | +€647 | +646.6% |
| Credit institutions | 430/8 | - | €747 | +€747 | |
| Other loans | 439 | €100 | €0 | -€100 | -100.0% |
| Trade debts | 44 | €1,247 | €2,016 | +€769 | +61.6% |
| Suppliers | 440/4 | €1,247 | €2,016 | +€769 | +61.6% |
| Taxes, remuneration and social security | 45 | €5,558 | €19,068 | +€13,510 | +243.1% |
| Taxes | 450/3 | €5,558 | €19,068 | +€13,510 | +243.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €1,062 | +€989 | +1367.0% |
| Other operating charges | 640/8 | - | €485 | +€485 | |
| Gross operating margin | 9900 | €25,521 | €57,075 | +€31,554 | +123.6% |
| Operating profit (loss) | 9901 | €25,448 | €55,528 | +€30,079 | +118.2% |
| Financial income | 75/76B | €47 | €1,312 | +€1,266 | +2713.4% |
| Recurring financial income | 75 | €47 | €1,312 | +€1,266 | +2713.4% |
| Financial charges | 65/66B | €606 | €2,433 | +€1,827 | +301.4% |
| Recurring financial charges | 65 | €606 | €2,433 | +€1,827 | +301.4% |
| Profit (loss) for the period before taxes | 9903 | €24,889 | €54,408 | +€29,519 | +118.6% |
| Income taxes | 67/77 | €5,204 | €16,058 | +€10,855 | +208.6% |
| Profit (loss) for the period | 9904 | €19,685 | €38,349 | +€18,664 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,685 | €38,349 | +€18,664 | +94.8% |
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 5 October 2026 via checked.be.