MARO CONSULTING: 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 CONSULTING
Largest movements
- Cash -€108,753
down €108,753 (-45.6%), from €238,738 to €129,986
mainly Net result for the year (-€62,379) and Other debts (-€19,500)
- Profit (loss) carried forward -€55,379
down €55,379 (-12.7%), from €436,912 to €381,533
- Other debts -€19,500
no longer reported in 2025 (was €19,500)
- Tax, wage and social debts -€16,236
down €16,236 (-99.9%), from €16,253 to €17
- Trade debts -€12,884
down €12,884 (-87.0%), from €14,802 to €1,918
- Gross operating margin -€169,756
down €169,756, from €102,750 to -€67,006
- Taxes -€31,169
down €31,169, from €30,609 to -€560
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 | €704,065 | €599,759 | -€104,306 | -14.8% |
| Fixed assets | 21/28 | €6,881 | €5,739 | -€1,142 | -16.6% |
| Tangible fixed assets | 22/27 | €3,248 | €2,106 | -€1,142 | -35.1% |
| Furniture and vehicles | 24 | €954 | €596 | -€358 | -37.5% |
| Other tangible fixed assets | 26 | €2,294 | €1,510 | -€784 | -34.2% |
| Financial fixed assets | 28 | €3,633 | €3,633 | = | 0.0% |
| Current assets | 29/58 | €697,184 | €594,020 | -€103,164 | -14.8% |
| Amounts receivable after more than one year | 29 | €405,000 | €405,000 | = | 0.0% |
| Other amounts receivable | 291 | €405,000 | €405,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,445 | €59,032 | +€5,587 | +10.5% |
| Trade receivables | 40 | €14,962 | - | -€14,962 | |
| Other amounts receivable | 41 | €38,483 | €59,032 | +€20,549 | +53.4% |
| Cash at bank and in hand | 54/58 | €238,738 | €129,986 | -€108,753 | -45.6% |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €704,065 | €599,759 | -€104,306 | -14.8% |
| Equity | 10/15 | €648,812 | €593,433 | -€55,379 | -8.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €192,900 | €192,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €191,000 | €191,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,912 | €381,533 | -€55,379 | -12.7% |
| Amounts payable | 17/49 | €55,253 | €6,326 | -€48,927 | -88.6% |
| Amounts payable within one year | 42/48 | €55,253 | €6,326 | -€48,927 | -88.6% |
| Current portion of amounts payable after more than one year | 42 | €4,698 | €4,391 | -€307 | -6.5% |
| Trade debts | 44 | €14,802 | €1,918 | -€12,884 | -87.0% |
| Suppliers | 440/4 | €14,802 | €1,918 | -€12,884 | -87.0% |
| Taxes, remuneration and social security | 45 | €16,253 | €17 | -€16,236 | -99.9% |
| Taxes | 450/3 | €16,253 | €17 | -€16,236 | -99.9% |
| Other amounts payable | 47/48 | €19,500 | - | -€19,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €1,142 | +€239 | +26.4% |
| Other operating charges | 640/8 | €468 | €382 | -€86 | -18.4% |
| Gross operating margin | 9900 | €102,750 | -€67,006 | -€169,756 | |
| Operating profit (loss) | 9901 | €101,379 | -€68,530 | -€169,908 | |
| Financial income | 75/76B | €5,681 | €6,537 | +€856 | +15.1% |
| Recurring financial income | 75 | €5,681 | €6,537 | +€856 | +15.1% |
| Financial charges | 65/66B | €582 | €946 | +€364 | +62.4% |
| Recurring financial charges | 65 | €582 | €946 | +€364 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €106,477 | -€62,939 | -€169,416 | |
| Income taxes | 67/77 | €30,609 | -€560 | -€31,169 | |
| Profit (loss) for the period | 9904 | €75,868 | -€62,379 | -€138,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,868 | -€62,379 | -€138,247 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.