MAROFLO: 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.
MAROFLO
Largest movements
- Cash -€5,360
down €5,360 (-10.5%), from €51,018 to €45,658
mainly Other debts (-€9,234) and Investment in fixed assets (net) (-€7,239)
- Other debts -€9,234
down €9,234 (-7.6%), from €120,908 to €111,674
- Other operating charges +€159
up €159 (+8.3%), from €1,912 to €2,071
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 | €266,112 | €258,369 | -€7,743 | -2.9% |
| Fixed assets | 21/28 | €202,388 | €199,805 | -€2,583 | -1.3% |
| Tangible fixed assets | 22/27 | €202,388 | €199,805 | -€2,583 | -1.3% |
| Land and buildings | 22 | €202,388 | €199,805 | -€2,583 | -1.3% |
| Current assets | 29/58 | €63,724 | €58,564 | -€5,159 | -8.1% |
| Amounts receivable within one year | 40/41 | €12,617 | €12,814 | +€197 | +1.6% |
| Other amounts receivable | 41 | €12,617 | €12,814 | +€197 | +1.6% |
| Cash at bank and in hand | 54/58 | €51,018 | €45,658 | -€5,360 | -10.5% |
| Deferred charges and accrued income | 490/1 | €89 | €93 | +€4 | +4.2% |
| Total equity and liabilities | 10/49 | €266,112 | €258,369 | -€7,743 | -2.9% |
| Equity | 10/15 | €144,285 | €146,695 | +€2,410 | +1.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,060 | €13,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €628 | €628 | = | 0.0% |
| Legal reserve | 130 | €628 | €628 | = | 0.0% |
| Distributable reserves | 133 | €12,432 | €12,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,226 | €8,635 | +€2,410 | +38.7% |
| Amounts payable | 17/49 | €121,827 | €111,674 | -€10,152 | -8.3% |
| Amounts payable within one year | 42/48 | €121,827 | €111,674 | -€10,152 | -8.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €919 | €0 | -€919 | -100.0% |
| Taxes | 450/3 | €919 | €0 | -€919 | -100.0% |
| Other amounts payable | 47/48 | €120,908 | €111,674 | -€9,234 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,705 | €9,822 | +€117 | +1.2% |
| Other operating charges | 640/8 | €1,912 | €2,071 | +€159 | +8.3% |
| Gross operating margin | 9900 | €14,988 | €15,106 | +€118 | +0.8% |
| Operating profit (loss) | 9901 | €3,371 | €3,213 | -€159 | -4.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €3,371 | €3,213 | -€159 | -4.7% |
| Income taxes | 67/77 | €919 | €803 | -€115 | -12.6% |
| Profit (loss) for the period | 9904 | €2,453 | €2,410 | -€43 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,453 | €2,410 | -€43 | -1.8% |
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 5 October 2026 via checked.be.