MARO VR: 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 VR
Largest movements
- Tangible fixed assets -€17,183
down €17,183 (-65.5%), from €26,215 to €9,032
of which Furniture and vehicles: -€15,211
- Receivables within one year +€3,831
up €3,831 (+10.2%), from €37,509 to €41,341
of which Other amounts receivable: +€3,054
- Cash +€3,757
up €3,757 (+5.2%), from €72,837 to €76,594
mainly Net result for the year (+€47,936) and Depreciation (+€17,183)
- Other debts -€10,964
down €10,964 (-40.4%), from €27,159 to €16,195
- Tax, wage and social debts +€1,638
up €1,638 (+13.3%), from €12,293 to €13,931
of which Taxes: +€1,638
- Depreciation -€10,623
down €10,623 (-38.2%), from €27,806 to €17,183
- Taxes +€1,946
up €1,946 (+10.0%), from €19,397 to €21,343
- Other operating charges -€1,146
down €1,146 (-20.5%), from €5,600 to €4,454
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 | €136,561 | €126,966 | -€9,595 | -7.0% |
| Fixed assets | 21/28 | €26,215 | €9,032 | -€17,183 | -65.5% |
| Tangible fixed assets | 22/27 | €26,215 | €9,032 | -€17,183 | -65.5% |
| Plant, machinery and equipment | 23 | €4,861 | €2,890 | -€1,972 | -40.6% |
| Furniture and vehicles | 24 | €21,353 | €6,142 | -€15,211 | -71.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €110,346 | €117,934 | +€7,588 | +6.9% |
| Amounts receivable within one year | 40/41 | €37,509 | €41,341 | +€3,831 | +10.2% |
| Trade receivables | 40 | €36,906 | €37,683 | +€777 | +2.1% |
| Other amounts receivable | 41 | €603 | €3,657 | +€3,054 | +506.3% |
| Cash at bank and in hand | 54/58 | €72,837 | €76,594 | +€3,757 | +5.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €136,561 | €126,966 | -€9,595 | -7.0% |
| Equity | 10/15 | €95,718 | €95,718 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €93,718 | €93,718 | = | 0.0% |
| Distributable reserves | 133 | €93,718 | €93,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,843 | €31,248 | -€9,595 | -23.5% |
| Amounts payable within one year | 42/48 | €39,593 | €31,248 | -€8,345 | -21.1% |
| Trade debts | 44 | €141 | €1,122 | +€981 | +696.6% |
| Suppliers | 440/4 | €141 | €1,122 | +€981 | +696.6% |
| Taxes, remuneration and social security | 45 | €12,293 | €13,931 | +€1,638 | +13.3% |
| Taxes | 450/3 | €11,543 | €13,181 | +€1,638 | +14.2% |
| Remuneration and social security | 454/9 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €27,159 | €16,195 | -€10,964 | -40.4% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,806 | €17,183 | -€10,623 | -38.2% |
| Other operating charges | 640/8 | €5,600 | €4,454 | -€1,146 | -20.5% |
| Non-recurring operating charges | 66A | €553 | €0 | -€553 | -100.0% |
| Gross operating margin | 9900 | €90,895 | €91,096 | +€201 | +0.2% |
| Operating profit (loss) | 9901 | €56,935 | €69,459 | +€12,524 | +22.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900.0% |
| Financial charges | 65/66B | €139 | €181 | +€42 | +30.2% |
| Recurring financial charges | 65 | €139 | €181 | +€42 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €56,796 | €69,279 | +€12,482 | +22.0% |
| Income taxes | 67/77 | €19,397 | €21,343 | +€1,946 | +10.0% |
| Profit (loss) for the period | 9904 | €37,400 | €47,936 | +€10,536 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,400 | €47,936 | +€10,536 | +28.2% |
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 9 October 2026 via checked.be.