MaRo Wines: 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 Wines
Largest movements
- Receivables within one year +€58,940
up €58,940 (+392%), from €15,049 to €73,989
of which Trade receivables: +€59,176
- Cash -€11,687
down €11,687 (-47.8%), from €24,442 to €12,755
mainly Receivables within one year (-€58,940) and Net result for the year (-€34,590)
- Stocks and contracts -€6,236
down €6,236 (-44.2%), from €14,099 to €7,863
- Tangible fixed assets -€4,604
down €4,604 (-59.1%), from €7,785 to €3,181
of which Other tangible fixed assets: -€4,227
- Financial fixed assets -€2,800
no longer reported in 2025 (was €2,800)
- Tax, wage and social debts +€57,610
up €57,610 (+1,574%), from €3,661 to €61,271
of which Taxes: +€37,864
- Trade debts +€35,363
up €35,363 (+240%), from €14,734 to €50,097
- Profit (loss) carried forward -€34,590
down €34,590 (-89.0%), from -€38,864 to -€73,454
- Accrued charges and deferred income -€26,454
down €26,454 (-99.5%), from €26,590 to €136
- Other debts +€9,722
up €9,722 (+36.8%), from €26,395 to €36,117
- Gross operating margin +€140,191
up €140,191, from -€4,673 to €135,518
- Staff costs +€127,741
new in 2025: €127,741
- Taxes +€18,661
up €18,661 (+3,268%), from €571 to €19,232
- Other operating charges +€9,914
up €9,914 (+332%), from €2,982 to €12,896
- Depreciation +€3,370
up €3,370 (+89.2%), from €3,780 to €7,150
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 | €66,262 | €99,287 | +€33,025 | +49.8% |
| Fixed assets | 21/28 | €12,672 | €4,680 | -€7,992 | -63.1% |
| Intangible fixed assets | 21 | €2,087 | €1,499 | -€588 | -28.2% |
| Tangible fixed assets | 22/27 | €7,785 | €3,181 | -€4,604 | -59.1% |
| Plant, machinery and equipment | 23 | €845 | €2,230 | +€1,385 | +164% |
| Furniture and vehicles | 24 | €2,713 | €951 | -€1,762 | -64.9% |
| Other tangible fixed assets | 26 | €4,227 | - | -€4,227 | |
| Financial fixed assets | 28 | €2,800 | - | -€2,800 | |
| Current assets | 29/58 | €53,590 | €94,607 | +€41,017 | +76.5% |
| Stocks and contracts in progress | 3 | €14,099 | €7,863 | -€6,236 | -44.2% |
| Stocks | 30/36 | €14,099 | €7,863 | -€6,236 | -44.2% |
| Amounts receivable within one year | 40/41 | €15,049 | €73,989 | +€58,940 | +392% |
| Trade receivables | 40 | - | €59,176 | +€59,176 | |
| Other amounts receivable | 41 | €15,049 | €14,813 | -€236 | -1.6% |
| Cash at bank and in hand | 54/58 | €24,442 | €12,755 | -€11,687 | -47.8% |
| Total equity and liabilities | 10/49 | €66,262 | €99,287 | +€33,025 | +49.8% |
| Equity | 10/15 | -€30,864 | -€65,454 | -€34,590 | -112% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,864 | -€73,454 | -€34,590 | -89.0% |
| Amounts payable | 17/49 | €97,126 | €164,741 | +€67,615 | +69.6% |
| Amounts payable after more than one year | 17 | €4,382 | - | -€4,382 | |
| Financial debts | 170/4 | €4,382 | - | -€4,382 | |
| Amounts payable within one year | 42/48 | €66,154 | €164,605 | +€98,451 | +149% |
| Current portion of amounts payable after more than one year | 42 | €21,364 | €17,120 | -€4,244 | -19.9% |
| Trade debts | 44 | €14,734 | €50,097 | +€35,363 | +240% |
| Suppliers | 440/4 | €14,734 | €50,097 | +€35,363 | +240% |
| Taxes, remuneration and social security | 45 | €3,661 | €61,271 | +€57,610 | +1,574% |
| Taxes | 450/3 | €3,661 | €41,525 | +€37,864 | +1,034% |
| Remuneration and social security | 454/9 | - | €19,746 | +€19,746 | |
| Other amounts payable | 47/48 | €26,395 | €36,117 | +€9,722 | +36.8% |
| Accrued charges and deferred income | 492/3 | €26,590 | €136 | -€26,454 | -99.5% |
| Remuneration, social security and pensions | 62 | - | €127,741 | +€127,741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,780 | €7,150 | +€3,370 | +89.2% |
| Other operating charges | 640/8 | €2,982 | €12,896 | +€9,914 | +332% |
| Gross operating margin | 9900 | -€4,673 | €135,518 | +€140,191 | |
| Operating profit (loss) | 9901 | -€11,435 | -€12,269 | -€834 | -7.3% |
| Financial income | 75/76B | €2,961 | €1,702 | -€1,259 | -42.5% |
| Recurring financial income | 75 | €2,961 | €1,702 | -€1,259 | -42.5% |
| Financial charges | 65/66B | €1,943 | €4,791 | +€2,848 | +147% |
| Recurring financial charges | 65 | €1,943 | €4,791 | +€2,848 | +147% |
| Profit (loss) for the period before taxes | 9903 | -€10,417 | -€15,358 | -€4,941 | -47.4% |
| Income taxes | 67/77 | €571 | €19,232 | +€18,661 | +3,268% |
| Profit (loss) for the period | 9904 | -€10,988 | -€34,590 | -€23,602 | -215% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,988 | -€34,590 | -€23,602 | -215% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.