MARO MACHINES: what changed
What changed
MARO MACHINES
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€51,904
2024 · €34,943+€16,961
Equity
€774,131
2024 · €722,226+€51,904
Cash
€21,318
2024 · €15,427+€5,891
Balance sheet total
€858,950
2024 · €834,903+€24,046
Largest movements
Assets
- Tangible fixed assets -€39,194
down €39,194 (-19.5%), from €200,871 to €161,677
- Receivables within one year +€32,297
up €32,297 (+275%), from €11,748 to €44,046
of which Trade receivables: +€32,297
- Stocks and contracts +€25,052
up €25,052 (+4.1%), from €606,857 to €631,909
Equity and liabilities
- Reserves +€51,904
up €51,904 (+51.5%), from €100,707 to €152,611
of which Distributable reserves: +€51,904
- Debts after one year -€22,850
down €22,850 (-47.5%), from €48,103 to €25,253
Income statement
- Taxes +€23,602
up €23,602 (+139%), from €16,993 to €40,595
- Depreciation -€20,581
down €20,581 (-33.2%), from €62,026 to €41,445
- Gross operating margin +€16,868
up €16,868 (+13.5%), from €124,706 to €141,574
- Financial charges -€1,645
down €1,645 (-36.8%), from €4,465 to €2,821
- Financial income +€1,625
up €1,625 (+1,100%), from €148 to €1,773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,943
Gross operating margin
+€16,868
Depreciation
+€20,581
Other operating charges
-€155
Financial income
+€1,625
Financial charges
+€1,645
Taxes
-€23,602
Result 2025
€51,904
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€34,232
Investment
-€2,250
Financing
-€26,091
Cash 2024
€15,427
From operations (derived)
+€34,232
Net result for the year
+€51,904
Depreciation
+€41,445
Stocks and contracts
-€25,052
Receivables within one year
-€32,297
Trade debts
+€4,284
Tax, wage and social debts
-€4,999
Other debts
-€1,052
Investment (derived)
-€2,250
Investment in fixed assets (net)
-€2,250
Financing
-€26,091
Debts after one year
-€22,850
Current portion of long-term debt
-€3,241
Cash 2025
€21,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €834,903 | €858,950 | +€24,046 | +2.9% |
| Fixed assets | 21/28 | €200,871 | €161,677 | -€39,194 | -19.5% |
| Tangible fixed assets | 22/27 | €200,871 | €161,677 | -€39,194 | -19.5% |
| Land and buildings | 22 | €132,391 | €116,700 | -€15,691 | -11.9% |
| Plant, machinery and equipment | 23 | €22,991 | €15,937 | -€7,054 | -30.7% |
| Furniture and vehicles | 24 | €45,489 | €29,039 | -€16,450 | -36.2% |
| Current assets | 29/58 | €634,032 | €697,273 | +€63,241 | +10.0% |
| Stocks and contracts in progress | 3 | €606,857 | €631,909 | +€25,052 | +4.1% |
| Stocks | 30/36 | €606,857 | €631,909 | +€25,052 | +4.1% |
| Amounts receivable within one year | 40/41 | €11,748 | €44,046 | +€32,297 | +275% |
| Trade receivables | 40 | €8,298 | €40,596 | +€32,297 | +389% |
| Other amounts receivable | 41 | €3,450 | €3,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,427 | €21,318 | +€5,891 | +38.2% |
| Total equity and liabilities | 10/49 | €834,903 | €858,950 | +€24,046 | +2.9% |
| Equity | 10/15 | €722,226 | €774,131 | +€51,904 | +7.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €100,707 | €152,611 | +€51,904 | +51.5% |
| Tax-exempt reserves | 132 | €9,619 | €9,619 | = | 0.0% |
| Distributable reserves | 133 | €91,089 | €142,993 | +€51,904 | +57.0% |
| Profit (loss) carried forward | 14 | €601,059 | €601,059 | = | 0.0% |
| Amounts payable | 17/49 | €112,677 | €84,819 | -€27,858 | -24.7% |
| Amounts payable after more than one year | 17 | €48,103 | €25,253 | -€22,850 | -47.5% |
| Financial debts | 170/4 | €48,103 | €25,253 | -€22,850 | -47.5% |
| Amounts payable within one year | 42/48 | €64,574 | €59,566 | -€5,008 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €27,594 | €24,353 | -€3,241 | -11.7% |
| Trade debts | 44 | €2,093 | €6,377 | +€4,284 | +205% |
| Suppliers | 440/4 | €2,093 | €6,377 | +€4,284 | +205% |
| Taxes, remuneration and social security | 45 | €21,820 | €16,822 | -€4,999 | -22.9% |
| Taxes | 450/3 | €16,541 | €11,543 | -€4,999 | -30.2% |
| Remuneration and social security | 454/9 | €5,279 | €5,279 | = | 0.0% |
| Other amounts payable | 47/48 | €13,066 | €12,014 | -€1,052 | -8.1% |
| Non-recurring operating income | 76A | - | €21,468 | +€21,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,026 | €41,445 | -€20,581 | -33.2% |
| Other operating charges | 640/8 | €6,427 | €6,583 | +€155 | +2.4% |
| Gross operating margin | 9900 | €124,706 | €141,574 | +€16,868 | +13.5% |
| Operating profit (loss) | 9901 | €56,253 | €93,547 | +€37,294 | +66.3% |
| Financial income | 75/76B | €148 | €1,773 | +€1,625 | +1,100% |
| Recurring financial income | 75 | €148 | €1,773 | +€1,625 | +1,100% |
| Financial charges | 65/66B | €4,465 | €2,821 | -€1,645 | -36.8% |
| Recurring financial charges | 65 | €4,465 | €2,821 | -€1,645 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €51,935 | €92,499 | +€40,564 | +78.1% |
| Income taxes | 67/77 | €16,993 | €40,595 | +€23,602 | +139% |
| Profit (loss) for the period | 9904 | €34,943 | €51,904 | +€16,961 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,943 | €51,904 | +€16,961 | +48.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.