MAROLA: 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.
MAROLA
Largest movements
- Tangible fixed assets +€54,209
up €54,209 (+96.0%), from €56,489 to €110,697
of which Furniture and vehicles: +€46,124
- Stocks and contracts -€11,295
down €11,295 (-45.0%), from €25,103 to €13,808
- Receivables within one year -€5,433
down €5,433 (-43.5%), from €12,494 to €7,060
of which Other amounts receivable: -€5,096
- Cash +€3,302
up €3,302 (+39.9%), from €8,273 to €11,574
mainly Depreciation (+€21,326) and Debts after one year (+€20,677)
- Debts after one year +€20,677
up €20,677 (+99.0%), from €20,875 to €41,552
- Short-term financial debts +€10,255
up €10,255 (+145%), from €7,095 to €17,351
- Profit (loss) carried forward +€8,826
up €8,826 (+80.3%), from -€10,990 to -€2,164
- Trade debts -€8,341
down €8,341 (-26.5%), from €31,467 to €23,126
- Tax, wage and social debts +€7,188
up €7,188 (+36.8%), from €19,554 to €26,742
of which Taxes: +€4,497
- Gross operating margin +€13,914
up €13,914 (+14.2%), from €98,071 to €111,985
- Depreciation +€9,418
up €9,418 (+79.1%), from €11,908 to €21,326
- Staff costs +€6,049
up €6,049 (+8.4%), from €71,976 to €78,025
- Taxes -€1,722
down €1,722 (-44.8%), from €3,846 to €2,124
- Financial charges +€1,296
up €1,296 (+60.3%), from €2,148 to €3,445
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 | €103,558 | €143,202 | +€39,644 | +38.3% |
| Fixed assets | 21/28 | €56,489 | €110,697 | +€54,209 | +96.0% |
| Tangible fixed assets | 22/27 | €56,489 | €110,697 | +€54,209 | +96.0% |
| Plant, machinery and equipment | 23 | €4,222 | €8,095 | +€3,873 | +91.7% |
| Furniture and vehicles | 24 | €48,960 | €95,084 | +€46,124 | +94.2% |
| Other tangible fixed assets | 26 | €3,306 | €7,518 | +€4,212 | +127% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €47,070 | €32,505 | -€14,565 | -30.9% |
| Stocks and contracts in progress | 3 | €25,103 | €13,808 | -€11,295 | -45.0% |
| Stocks | 30/36 | €25,103 | €13,808 | -€11,295 | -45.0% |
| Amounts receivable within one year | 40/41 | €12,494 | €7,060 | -€5,433 | -43.5% |
| Trade receivables | 40 | €1,516 | €1,179 | -€337 | -22.2% |
| Other amounts receivable | 41 | €10,978 | €5,881 | -€5,096 | -46.4% |
| Cash at bank and in hand | 54/58 | €8,273 | €11,574 | +€3,302 | +39.9% |
| Deferred charges and accrued income | 490/1 | €1,200 | €62 | -€1,138 | -94.8% |
| Total equity and liabilities | 10/49 | €103,558 | €143,202 | +€39,644 | +38.3% |
| Equity | 10/15 | €12,115 | €16,436 | +€4,321 | +35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,505 | €0 | -€4,505 | -100% |
| Distributable reserves | 133 | €4,505 | €0 | -€4,505 | -100% |
| Profit (loss) carried forward | 14 | -€10,990 | -€2,164 | +€8,826 | +80.3% |
| Amounts payable | 17/49 | €91,444 | €126,766 | +€35,323 | +38.6% |
| Amounts payable after more than one year | 17 | €20,875 | €41,552 | +€20,677 | +99.0% |
| Financial debts | 170/4 | €20,875 | €41,552 | +€20,677 | +99.0% |
| Amounts payable within one year | 42/48 | €70,568 | €85,214 | +€14,646 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €12,452 | €12,813 | +€362 | +2.9% |
| Financial debts | 43 | €7,095 | €17,351 | +€10,255 | +145% |
| Credit institutions | 430/8 | €7,095 | €17,351 | +€10,255 | +145% |
| Trade debts | 44 | €31,467 | €23,126 | -€8,341 | -26.5% |
| Suppliers | 440/4 | €31,467 | €23,126 | -€8,341 | -26.5% |
| Taxes, remuneration and social security | 45 | €19,554 | €26,742 | +€7,188 | +36.8% |
| Taxes | 450/3 | €8,030 | €12,527 | +€4,497 | +56.0% |
| Remuneration and social security | 454/9 | €11,524 | €14,215 | +€2,691 | +23.3% |
| Other amounts payable | 47/48 | - | €5,182 | +€5,182 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €71,976 | €78,025 | +€6,049 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,908 | €21,326 | +€9,418 | +79.1% |
| Other operating charges | 640/8 | €3,429 | €2,951 | -€478 | -13.9% |
| Gross operating margin | 9900 | €98,071 | €111,985 | +€13,914 | +14.2% |
| Operating profit (loss) | 9901 | €10,757 | €9,682 | -€1,075 | -10.0% |
| Financial income | 75/76B | €985 | €208 | -€777 | -78.9% |
| Recurring financial income | 75 | €985 | €208 | -€777 | -78.9% |
| Financial charges | 65/66B | €2,148 | €3,445 | +€1,296 | +60.3% |
| Recurring financial charges | 65 | €2,148 | €3,445 | +€1,296 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €9,594 | €6,445 | -€3,148 | -32.8% |
| Income taxes | 67/77 | €3,846 | €2,124 | -€1,722 | -44.8% |
| Profit (loss) for the period | 9904 | €5,747 | €4,321 | -€1,426 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,747 | €4,321 | -€1,426 | -24.8% |
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 13 October 2026 via checked.be.