MAROCOLIVES: 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.
MAROCOLIVES
Largest movements
- Stocks and contracts -€49,287
down €49,287 (-31.9%), from €154,564 to €105,277
- Receivables within one year +€36,027
up €36,027 (+60.4%), from €59,690 to €95,716
of which Trade receivables: +€27,650
- Cash +€28,184
up €28,184 (+2034.4%), from €1,385 to €29,570
mainly Stocks and contracts (+€49,287) and Trade debts (+€25,943)
- Deferred charges and accrued income +€25,800
up €25,800 (+10529.7%), from €245 to €26,045
- Trade debts +€25,943
up €25,943 (+16.3%), from €159,279 to €185,222
- Profit (loss) carried forward +€13,695
up €13,695 (+56.3%), from €24,338 to €38,033
- Tax, wage and social debts +€5,125
up €5,125 (+33.9%), from €15,121 to €20,246
of which Taxes: +€9,125
- Other debts -€4,798
no longer reported in 2025 (was €4,798)
- Depreciation -€4,835
down €4,835 (-86.4%), from €5,594 to €759
- Gross operating margin +€2,327
up €2,327 (+11.6%), from €20,106 to €22,433
- Financial charges +€1,164
up €1,164 (+177.0%), from €658 to €1,822
- Taxes +€1,048
up €1,048 (+28.0%), from €3,739 to €4,788
- Other operating charges -€336
down €336 (-24.8%), from €1,355 to €1,019
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 | €223,995 | €263,960 | +€39,965 | +17.8% |
| Fixed assets | 21/28 | €8,111 | €7,352 | -€759 | -9.4% |
| Tangible fixed assets | 22/27 | €971 | €212 | -€759 | -78.2% |
| Plant, machinery and equipment | 23 | €426 | - | -€426 | |
| Furniture and vehicles | 24 | €545 | €212 | -€333 | -61.1% |
| Financial fixed assets | 28 | €7,140 | €7,140 | = | 0.0% |
| Current assets | 29/58 | €215,884 | €256,608 | +€40,724 | +18.9% |
| Stocks and contracts in progress | 3 | €154,564 | €105,277 | -€49,287 | -31.9% |
| Stocks | 30/36 | €154,564 | €105,277 | -€49,287 | -31.9% |
| Amounts receivable within one year | 40/41 | €59,690 | €95,716 | +€36,027 | +60.4% |
| Trade receivables | 40 | €52,583 | €80,233 | +€27,650 | +52.6% |
| Other amounts receivable | 41 | €7,106 | €15,483 | +€8,376 | +117.9% |
| Cash at bank and in hand | 54/58 | €1,385 | €29,570 | +€28,184 | +2034.4% |
| Deferred charges and accrued income | 490/1 | €245 | €26,045 | +€25,800 | +10529.7% |
| Total equity and liabilities | 10/49 | €223,995 | €263,960 | +€39,965 | +17.8% |
| Equity | 10/15 | €44,798 | €58,493 | +€13,695 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,338 | €38,033 | +€13,695 | +56.3% |
| Amounts payable | 17/49 | €179,198 | €205,467 | +€26,270 | +14.7% |
| Amounts payable within one year | 42/48 | €179,198 | €205,467 | +€26,270 | +14.7% |
| Trade debts | 44 | €159,279 | €185,222 | +€25,943 | +16.3% |
| Suppliers | 440/4 | €159,279 | €185,222 | +€25,943 | +16.3% |
| Taxes, remuneration and social security | 45 | €15,121 | €20,246 | +€5,125 | +33.9% |
| Taxes | 450/3 | €11,121 | €20,246 | +€9,125 | +82.0% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €4,798 | - | -€4,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,594 | €759 | -€4,835 | -86.4% |
| Other operating charges | 640/8 | €1,355 | €1,019 | -€336 | -24.8% |
| Non-recurring operating charges | 66A | - | €520 | +€520 | |
| Gross operating margin | 9900 | €20,106 | €22,433 | +€2,327 | +11.6% |
| Operating profit (loss) | 9901 | €13,156 | €20,135 | +€6,978 | +53.0% |
| Financial income | 75/76B | €2 | €170 | +€168 | +7367.1% |
| Recurring financial income | 75 | €2 | €170 | +€168 | +7367.1% |
| Financial charges | 65/66B | €658 | €1,822 | +€1,164 | +177.0% |
| Recurring financial charges | 65 | €658 | €1,822 | +€1,164 | +177.0% |
| Profit (loss) for the period before taxes | 9903 | €12,501 | €18,483 | +€5,982 | +47.9% |
| Income taxes | 67/77 | €3,739 | €4,788 | +€1,048 | +28.0% |
| Profit (loss) for the period | 9904 | €8,761 | €13,695 | +€4,934 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,761 | €13,695 | +€4,934 | +56.3% |
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 6 October 2026 via checked.be.