MAROMAR: 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.
MAROMAR
Largest movements
- Tangible fixed assets -€12,669
down €12,669 (-3.3%), from €378,535 to €365,866
of which Land and buildings: -€10,180
- Deferred charges and accrued income -€4,338
down €4,338 (-88.6%), from €4,897 to €559
- Debts after one year -€15,743
down €15,743 (-47.3%), from €33,276 to €17,533
- Profit (loss) carried forward +€8,159
up €8,159 (+3.0%), from -€274,100 to -€265,942
- Other debts -€7,000
down €7,000 (-5.3%), from €131,387 to €124,387
- Revaluation surpluses -€5,304
down €5,304 (-2.0%), from €263,520 to €258,216
- Reserves +€5,304
up €5,304 (+2.8%), from €191,626 to €196,929
- Financial income +€1,482
new in 2025: €1,482
- Gross operating margin +€1,141
up €1,141 (+5.5%), from €20,801 to €21,942
- Financial charges -€584
down €584 (-28.0%), from €2,090 to €1,506
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 | €385,041 | €367,537 | -€17,503 | -4.5% |
| Fixed assets | 21/28 | €378,535 | €365,866 | -€12,669 | -3.3% |
| Tangible fixed assets | 22/27 | €378,535 | €365,866 | -€12,669 | -3.3% |
| Land and buildings | 22 | €373,557 | €363,377 | -€10,180 | -2.7% |
| Plant, machinery and equipment | 23 | €4,978 | €2,489 | -€2,489 | -50.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €6,506 | €1,671 | -€4,835 | -74.3% |
| Amounts receivable within one year | 40/41 | €505 | €0 | -€505 | -100.0% |
| Trade receivables | 40 | €505 | €0 | -€505 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,104 | €1,112 | +€8 | +0.8% |
| Deferred charges and accrued income | 490/1 | €4,897 | €559 | -€4,338 | -88.6% |
| Total equity and liabilities | 10/49 | €385,041 | €367,537 | -€17,503 | -4.5% |
| Equity | 10/15 | €199,645 | €207,804 | +€8,159 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €263,520 | €258,216 | -€5,304 | -2.0% |
| Reserves | 13 | €191,626 | €196,929 | +€5,304 | +2.8% |
| Distributable reserves | 133 | €191,626 | €196,929 | +€5,304 | +2.8% |
| Profit (loss) carried forward | 14 | -€274,100 | -€265,942 | +€8,159 | +3.0% |
| Amounts payable | 17/49 | €185,395 | €159,734 | -€25,662 | -13.8% |
| Amounts payable after more than one year | 17 | €33,276 | €17,533 | -€15,743 | -47.3% |
| Financial debts | 170/4 | €33,276 | €17,533 | -€15,743 | -47.3% |
| Amounts payable within one year | 42/48 | €150,085 | €142,200 | -€7,885 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €15,925 | €15,743 | -€182 | -1.1% |
| Trade debts | 44 | €2,772 | €2,070 | -€702 | -25.3% |
| Suppliers | 440/4 | €2,772 | €2,070 | -€702 | -25.3% |
| Other amounts payable | 47/48 | €131,387 | €124,387 | -€7,000 | -5.3% |
| Accrued charges and deferred income | 492/3 | €2,034 | - | -€2,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,802 | €12,669 | -€134 | -1.0% |
| Other operating charges | 640/8 | €1,057 | €1,091 | +€34 | +3.2% |
| Gross operating margin | 9900 | €20,801 | €21,942 | +€1,141 | +5.5% |
| Operating profit (loss) | 9901 | €6,941 | €8,183 | +€1,241 | +17.9% |
| Financial income | 75/76B | - | €1,482 | +€1,482 | |
| Recurring financial income | 75 | - | €1,482 | +€1,482 | |
| Financial charges | 65/66B | €2,090 | €1,506 | -€584 | -28.0% |
| Recurring financial charges | 65 | €2,090 | €1,506 | -€584 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €4,851 | €8,159 | +€3,307 | +68.2% |
| Profit (loss) for the period | 9904 | €4,851 | €8,159 | +€3,307 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,851 | €8,159 | +€3,307 | +68.2% |
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 3 October 2026 via checked.be.