MAROLI PROJECTS: 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.
MAROLI PROJECTS
Largest movements
- Current investments -€128,990
down €128,990 (-83.1%), from €155,210 to €26,220
- Tangible fixed assets +€77,996
up €77,996 (+4.1%), from €1.9m to €2.0m
No liability line moved by more than 1% of the balance sheet total.
- Turnover +€55,227
new in 2025: €55,227
- Purchases and services +€12,688
new in 2025: €12,688
- Gross operating margin -€11,242
down €11,242 (-20.6%), from €54,630 to €43,388
- Depreciation +€3,439
up €3,439 (+6.3%), from €54,715 to €58,153
- Financial income +€1,167
up €1,167 (+465.3%), from €251 to €1,418
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 | €2,088,962 | €2,044,196 | -€44,766 | -2.1% |
| Fixed assets | 21/28 | €1,925,581 | €2,003,577 | +€77,996 | +4.1% |
| Tangible fixed assets | 22/27 | €1,925,581 | €2,003,577 | +€77,996 | +4.1% |
| Land and buildings | 22 | €1,925,581 | €2,003,577 | +€77,996 | +4.1% |
| Current assets | 29/58 | €163,381 | €40,619 | -€122,762 | -75.1% |
| Amounts receivable within one year | 40/41 | €75 | €516 | +€441 | +585.9% |
| Trade receivables | 40 | - | €91 | +€91 | |
| Other amounts receivable | 41 | €75 | €425 | +€350 | +465.0% |
| Current investments | 50/53 | €155,210 | €26,220 | -€128,990 | -83.1% |
| Cash at bank and in hand | 54/58 | €5,404 | €3,401 | -€2,003 | -37.1% |
| Deferred charges and accrued income | 490/1 | €2,692 | €10,482 | +€7,790 | +289.4% |
| Total equity and liabilities | 10/49 | €2,088,962 | €2,044,196 | -€44,766 | -2.1% |
| Equity | 10/15 | €1,495,559 | €1,477,773 | -€17,786 | -1.2% |
| Contributions | 10/11 | €1,723,620 | €1,723,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,061 | -€245,847 | -€17,786 | -7.8% |
| Amounts payable | 17/49 | €593,403 | €566,423 | -€26,980 | -4.5% |
| Amounts payable within one year | 42/48 | €590,760 | €565,169 | -€25,592 | -4.3% |
| Trade debts | 44 | €8,758 | €2,123 | -€6,635 | -75.8% |
| Suppliers | 440/4 | €8,758 | €2,123 | -€6,635 | -75.8% |
| Other amounts payable | 47/48 | €582,002 | €563,046 | -€18,957 | -3.3% |
| Accrued charges and deferred income | 492/3 | €2,643 | €1,254 | -€1,389 | -52.5% |
| Turnover | 70 | - | €55,227 | +€55,227 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €12,688 | +€12,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,715 | €58,153 | +€3,439 | +6.3% |
| Other operating charges | 640/8 | €2,564 | €2,734 | +€170 | +6.6% |
| Gross operating margin | 9900 | €54,630 | €43,388 | -€11,242 | -20.6% |
| Operating profit (loss) | 9901 | -€2,648 | -€17,499 | -€14,850 | -560.7% |
| Financial income | 75/76B | €251 | €1,418 | +€1,167 | +465.3% |
| Recurring financial income | 75 | €251 | €1,418 | +€1,167 | +465.3% |
| Financial charges | 65/66B | €2,189 | €1,705 | -€485 | -22.1% |
| Recurring financial charges | 65 | €2,189 | €1,705 | -€485 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,587 | -€17,786 | -€13,199 | -287.7% |
| Profit (loss) for the period | 9904 | -€4,587 | -€17,786 | -€13,199 | -287.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,587 | -€17,786 | -€13,199 | -287.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.