MAROMA: 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.
MAROMA
Largest movements
- Tangible fixed assets +€237,103
up €237,103 (+586%), from €40,430 to €277,533
of which Land and buildings: +€261,256
- Cash -€74,043
down €74,043 (-21.7%), from €341,658 to €267,615
mainly Investment in fixed assets (net) (-€256,230) and Trade debts (-€55,473)
- Receivables within one year -€42,509
down €42,509 (-34.4%), from €123,563 to €81,054
of which Trade receivables: -€40,161
- Deferred charges and accrued income +€11,565
up €11,565 (+534%), from €2,167 to €13,731
- Debts after one year +€195,350
up €195,350 (+3,791%), from €5,152 to €200,503
- Trade debts -€55,473
down €55,473 (-32.5%), from €170,771 to €115,298
- Current portion of long-term debt +€18,035
up €18,035 (+131%), from €13,736 to €31,771
- Other debts -€16,592
down €16,592 (-39.7%), from €41,778 to €25,186
- Profit (loss) carried forward -€16,189
down €16,189 (-56.5%), from €28,643 to €12,454
- Other operating charges +€40,658
up €40,658 (+2,480%), from €1,639 to €42,298
- Financial charges -€29,023
down €29,023 (-64.5%), from €44,991 to €15,969
- Gross operating margin -€23,500
down €23,500 (-8.9%), from €262,650 to €239,151
- Staff costs +€20,717
up €20,717 (+13.4%), from €155,035 to €175,752
- Taxes -€12,384
down €12,384 (-84.3%), from €14,691 to €2,307
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 | €528,148 | €659,519 | +€131,370 | +24.9% |
| Fixed assets | 21/28 | €40,955 | €278,058 | +€237,103 | +579% |
| Tangible fixed assets | 22/27 | €40,430 | €277,533 | +€237,103 | +586% |
| Land and buildings | 22 | - | €261,256 | +€261,256 | |
| Plant, machinery and equipment | 23 | €7,535 | €4,545 | -€2,990 | -39.7% |
| Furniture and vehicles | 24 | €10,838 | €11,732 | +€894 | +8.2% |
| Other tangible fixed assets | 26 | €22,057 | €0 | -€22,057 | -100% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €487,193 | €381,461 | -€105,733 | -21.7% |
| Stocks and contracts in progress | 3 | €19,805 | €19,060 | -€745 | -3.8% |
| Stocks | 30/36 | €19,805 | €19,060 | -€745 | -3.8% |
| Amounts receivable within one year | 40/41 | €123,563 | €81,054 | -€42,509 | -34.4% |
| Trade receivables | 40 | €118,244 | €78,083 | -€40,161 | -34.0% |
| Other amounts receivable | 41 | €5,319 | €2,971 | -€2,349 | -44.2% |
| Cash at bank and in hand | 54/58 | €341,658 | €267,615 | -€74,043 | -21.7% |
| Deferred charges and accrued income | 490/1 | €2,167 | €13,731 | +€11,565 | +534% |
| Total equity and liabilities | 10/49 | €528,148 | €659,519 | +€131,370 | +24.9% |
| Equity | 10/15 | €257,852 | €241,663 | -€16,189 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,609 | €210,609 | = | 0.0% |
| Distributable reserves | 133 | €210,609 | €210,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,643 | €12,454 | -€16,189 | -56.5% |
| Amounts payable | 17/49 | €270,296 | €417,856 | +€147,560 | +54.6% |
| Amounts payable after more than one year | 17 | €5,152 | €200,503 | +€195,350 | +3,791% |
| Financial debts | 170/4 | €5,152 | €200,503 | +€195,350 | +3,791% |
| Amounts payable within one year | 42/48 | €261,364 | €216,648 | -€44,716 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €13,736 | €31,771 | +€18,035 | +131% |
| Financial debts | 43 | €0 | €596 | +€596 | |
| Credit institutions | 430/8 | €0 | €596 | +€596 | |
| Trade debts | 44 | €170,771 | €115,298 | -€55,473 | -32.5% |
| Suppliers | 440/4 | €170,771 | €115,298 | -€55,473 | -32.5% |
| Taxes, remuneration and social security | 45 | €35,078 | €43,796 | +€8,718 | +24.9% |
| Taxes | 450/3 | €24,593 | €16,390 | -€8,203 | -33.4% |
| Remuneration and social security | 454/9 | €10,485 | €27,406 | +€16,921 | +161% |
| Other amounts payable | 47/48 | €41,778 | €25,186 | -€16,592 | -39.7% |
| Accrued charges and deferred income | 492/3 | €3,780 | €705 | -€3,075 | -81.3% |
| Remuneration, social security and pensions | 62 | €155,035 | €175,752 | +€20,717 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,557 | €19,127 | +€8,570 | +81.2% |
| Other operating charges | 640/8 | €1,639 | €42,298 | +€40,658 | +2,480% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €262,650 | €239,151 | -€23,500 | -8.9% |
| Operating profit (loss) | 9901 | €95,420 | €1,974 | -€93,446 | -97.9% |
| Financial income | 75/76B | €441 | €112 | -€329 | -74.5% |
| Recurring financial income | 75 | €441 | €112 | -€329 | -74.5% |
| Financial charges | 65/66B | €44,991 | €15,969 | -€29,023 | -64.5% |
| Recurring financial charges | 65 | €44,991 | €15,969 | -€29,023 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €50,870 | -€13,882 | -€64,752 | |
| Income taxes | 67/77 | €14,691 | €2,307 | -€12,384 | -84.3% |
| Profit (loss) for the period | 9904 | €36,179 | -€16,189 | -€52,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,179 | -€16,189 | -€52,368 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.