MAROBRI: 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.
MAROBRI
Largest movements
- Receivables within one year +€278,430
up €278,430 (+128%), from €217,074 to €495,504
of which Other amounts receivable: +€186,890
- Cash +€215,081
up €215,081 (+40.7%), from €528,393 to €743,474
mainly Depreciation (+€249,361) and Net result for the year (+€192,496)
- Current investments -€150,252
down €150,252 (-100%), from €150,252 to €0
- Tangible fixed assets -€148,027
down €148,027 (-23.6%), from €626,171 to €478,144
of which Plant, machinery and equipment: -€138,675
- Reserves +€192,496
up €192,496 (+60.7%), from €316,962 to €509,458
of which Tax-exempt reserves: +€105,250
- Other debts -€100,305
down €100,305 (-31.7%), from €316,085 to €215,780
- Trade debts +€95,171
up €95,171 (+25.3%), from €375,903 to €471,074
- Debts after one year -€80,000
down €80,000 (-31.6%), from €253,333 to €173,333
- Tax, wage and social debts +€50,836
up €50,836 (+17.9%), from €283,258 to €334,094
of which Remuneration and social security: +€46,849
- Staff costs +€120,900
up €120,900 (+7.9%), from €1.5m to €1.7m
- Other operating charges -€28,486
down €28,486 (-72.2%), from €39,453 to €10,967
- Gross operating margin +€28,368
up €28,368 (+1.3%), from €2.2m to €2.2m
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 | €1,925,703 | €2,108,236 | +€182,533 | +9.5% |
| Fixed assets | 21/28 | €626,171 | €478,144 | -€148,027 | -23.6% |
| Tangible fixed assets | 22/27 | €626,171 | €478,144 | -€148,027 | -23.6% |
| Plant, machinery and equipment | 23 | €532,256 | €393,581 | -€138,675 | -26.1% |
| Furniture and vehicles | 24 | €2,973 | €0 | -€2,973 | -100% |
| Other tangible fixed assets | 26 | €90,942 | €84,563 | -€6,379 | -7.0% |
| Current assets | 29/58 | €1,299,532 | €1,630,092 | +€330,560 | +25.4% |
| Stocks and contracts in progress | 3 | €397,036 | €383,974 | -€13,062 | -3.3% |
| Stocks | 30/36 | €397,036 | €383,974 | -€13,062 | -3.3% |
| Amounts receivable within one year | 40/41 | €217,074 | €495,504 | +€278,430 | +128% |
| Trade receivables | 40 | €73,733 | €165,274 | +€91,541 | +124% |
| Other amounts receivable | 41 | €143,340 | €330,230 | +€186,890 | +130% |
| Current investments | 50/53 | €150,252 | €0 | -€150,252 | -100% |
| Cash at bank and in hand | 54/58 | €528,393 | €743,474 | +€215,081 | +40.7% |
| Deferred charges and accrued income | 490/1 | €6,777 | €7,140 | +€363 | +5.4% |
| Total equity and liabilities | 10/49 | €1,925,703 | €2,108,236 | +€182,533 | +9.5% |
| Equity | 10/15 | €596,962 | €789,458 | +€192,496 | +32.2% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €316,962 | €509,458 | +€192,496 | +60.7% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €316,962 | €404,208 | +€87,246 | +27.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,328,740 | €1,318,778 | -€9,963 | -0.7% |
| Amounts payable after more than one year | 17 | €253,333 | €173,333 | -€80,000 | -31.6% |
| Financial debts | 170/4 | €253,333 | €173,333 | -€80,000 | -31.6% |
| Amounts payable within one year | 42/48 | €1,074,171 | €1,119,872 | +€45,701 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €98,925 | €98,924 | -€1 | 0.0% |
| Trade debts | 44 | €375,903 | €471,074 | +€95,171 | +25.3% |
| Suppliers | 440/4 | €375,903 | €471,074 | +€95,171 | +25.3% |
| Taxes, remuneration and social security | 45 | €283,258 | €334,094 | +€50,836 | +17.9% |
| Taxes | 450/3 | €11,268 | €15,255 | +€3,987 | +35.4% |
| Remuneration and social security | 454/9 | €271,990 | €318,838 | +€46,849 | +17.2% |
| Other amounts payable | 47/48 | €316,085 | €215,780 | -€100,305 | -31.7% |
| Accrued charges and deferred income | 492/3 | €1,237 | €25,573 | +€24,336 | +1,968% |
| Remuneration, social security and pensions | 62 | €1,539,430 | €1,660,330 | +€120,900 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,140 | €249,361 | +€19,220 | +8.4% |
| Other operating charges | 640/8 | €39,453 | €10,967 | -€28,486 | -72.2% |
| Gross operating margin | 9900 | €2,180,163 | €2,208,531 | +€28,368 | +1.3% |
| Operating profit (loss) | 9901 | €371,139 | €287,873 | -€83,266 | -22.4% |
| Financial income | 75/76B | €2,675 | €5,215 | +€2,540 | +95.0% |
| Recurring financial income | 75 | €2,675 | €5,215 | +€2,540 | +95.0% |
| Financial charges | 65/66B | €41,367 | €33,705 | -€7,662 | -18.5% |
| Recurring financial charges | 65 | €41,367 | €33,705 | -€7,662 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €332,448 | €259,383 | -€73,064 | -22.0% |
| Income taxes | 67/77 | €62,006 | €66,888 | +€4,881 | +7.9% |
| Profit (loss) for the period | 9904 | €270,441 | €192,496 | -€77,946 | -28.8% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €270,441 | €87,246 | -€183,196 | -67.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.