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MAROBEL: 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.

What changed

MAROBEL

BE 0480.022.019
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,275
2024 · -€811-€464
Equity
-€7,756
2024 · -€6,481-€1,275
Cash
€157
2024 · €157
Balance sheet total
€157
2024 · €157

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Profit (loss) carried forward -€1,275

      down €1,275 (-10.1%), from -€12,681 to -€13,956

    • Other debts +€1,275

      up €1,275 (+19.2%), from €6,638 to €7,913

    Income statement
    • Gross operating margin -€464

      down €464 (-57.2%), from -€811 to -€1,275

    From the 2024 result to the 2025 result

    effect on the 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.

    Result 2024 -€811
    Gross operating margin -€464
    Result 2025 -€1,275

    Cash bridge derived

    cash 2024 to 2025

    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.

    From operations €0
    Investment €0
    Financing €0
    Cash 2024 €157
    Net result for the year -€1,275
    Other debts +€1,275
    Cash 2025 €157
    Every line side by side 15 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €157 €157 = 0.0%
    Current assets 29/58 €157 €157 = 0.0%
    Cash at bank and in hand 54/58 €157 €157 = 0.0%
    Total equity and liabilities 10/49 €157 €157 = 0.0%
    Equity 10/15 -€6,481 -€7,756 -€1,275 -19.7%
    Contributions 10/11 €6,200 €6,200 = 0.0%
    Profit (loss) carried forward 14 -€12,681 -€13,956 -€1,275 -10.1%
    Amounts payable 17/49 €6,638 €7,913 +€1,275 +19.2%
    Amounts payable within one year 42/48 €6,638 €7,913 +€1,275 +19.2%
    Other amounts payable 47/48 €6,638 €7,913 +€1,275 +19.2%
    Gross operating margin 9900 -€811 -€1,275 -€464 -57.2%
    Operating profit (loss) 9901 -€811 -€1,275 -€464 -57.2%
    Profit (loss) for the period before taxes 9903 -€811 -€1,275 -€464 -57.2%
    Profit (loss) for the period 9904 -€811 -€1,275 -€464 -57.2%
    Profit (loss) for the period to be appropriated 9905 -€811 -€1,275 -€464 -57.2%

    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 4 October 2026 via checked.be.