MAROKA: 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.
MAROKA
Largest movements
- Tangible fixed assets -€12,568
down €12,568 (-5.3%), from €238,469 to €225,900
of which Land and buildings: -€12,021
- Cash +€4,377
up €4,377 (+68.0%), from €6,435 to €10,813
mainly Depreciation (+€21,801) and Other debts (+€971)
- Profit (loss) carried forward -€10,584
down €10,584 (-40.7%), from -€26,031 to -€36,615
- Gross operating margin +€16,214
up €16,214 (+242.4%), from €6,690 to €22,904
- Depreciation +€3,411
up €3,411 (+18.5%), from €18,391 to €21,801
- Financial charges +€1,799
up €1,799 (+36.9%), from €4,880 to €6,679
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 | €245,493 | €237,334 | -€8,159 | -3.3% |
| Fixed assets | 21/28 | €238,469 | €225,900 | -€12,568 | -5.3% |
| Tangible fixed assets | 22/27 | €238,469 | €225,900 | -€12,568 | -5.3% |
| Land and buildings | 22 | €237,431 | €225,409 | -€12,021 | -5.1% |
| Plant, machinery and equipment | 23 | €103 | €0 | -€103 | -100.0% |
| Furniture and vehicles | 24 | €935 | €491 | -€443 | -47.4% |
| Current assets | 29/58 | €7,024 | €11,434 | +€4,410 | +62.8% |
| Cash at bank and in hand | 54/58 | €6,435 | €10,813 | +€4,377 | +68.0% |
| Deferred charges and accrued income | 490/1 | €589 | €621 | +€32 | +5.5% |
| Total equity and liabilities | 10/49 | €245,493 | €237,334 | -€8,159 | -3.3% |
| Equity | 10/15 | €147,855 | €137,270 | -€10,584 | -7.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €23,885 | €23,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €8,885 | €8,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,031 | -€36,615 | -€10,584 | -40.7% |
| Amounts payable | 17/49 | €97,638 | €100,064 | +€2,426 | +2.5% |
| Amounts payable within one year | 42/48 | €97,638 | €100,064 | +€2,426 | +2.5% |
| Trade debts | 44 | - | €902 | +€902 | |
| Suppliers | 440/4 | - | €902 | +€902 | |
| Taxes, remuneration and social security | 45 | €1,451 | €2,004 | +€553 | +38.1% |
| Taxes | 450/3 | €1,451 | €2,004 | +€553 | +38.1% |
| Other amounts payable | 47/48 | €96,187 | €97,158 | +€971 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,391 | €21,801 | +€3,411 | +18.5% |
| Other operating charges | 640/8 | €5,128 | €5,008 | -€120 | -2.3% |
| Gross operating margin | 9900 | €6,690 | €22,904 | +€16,214 | +242.4% |
| Operating profit (loss) | 9901 | -€16,829 | -€3,905 | +€12,923 | +76.8% |
| Financial charges | 65/66B | €4,880 | €6,679 | +€1,799 | +36.9% |
| Recurring financial charges | 65 | €4,880 | €6,679 | +€1,799 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,708 | -€10,584 | +€11,124 | +51.2% |
| Profit (loss) for the period | 9904 | -€21,708 | -€10,584 | +€11,124 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,708 | -€10,584 | +€11,124 | +51.2% |
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 1 October 2026 via checked.be.