MARONNE: 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.
MARONNE
Largest movements
- Receivables within one year +€25,567
up €25,567 (+243.4%), from €10,506 to €36,073
of which Other amounts receivable: +€26,437
- Tangible fixed assets -€14,583
down €14,583 (-32.7%), from €44,586 to €30,003
of which Land and buildings: -€12,699
- Cash +€3,086
up €3,086 (+1017.5%), from €303 to €3,390
mainly Net result for the year (+€17,989) and Tax, wage and social debts (+€11,679)
- Deferred charges and accrued income -€1,936
down €1,936 (-45.0%), from €4,297 to €2,362
- Reserves +€17,989
up €17,989 (+171.5%), from €10,487 to €28,476
- Other debts -€15,613
no longer reported in 2025 (was €15,613)
- Tax, wage and social debts +€11,679
up €11,679 (+187.9%), from €6,215 to €17,894
- Trade debts -€1,921
down €1,921 (-12.8%), from €14,978 to €13,058
- Depreciation -€23,085
down €23,085 (-80.7%), from €28,618 to €5,532
- Gross operating margin -€14,396
down €14,396 (-29.1%), from €49,403 to €35,007
- Taxes +€4,360
up €4,360 (+78.1%), from €5,583 to €9,943
- Other operating charges -€4,312
down €4,312 (-69.9%), from €6,167 to €1,855
- Financial income +€580
up €580 (+28444.1%), from €2 to €582
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 | €59,692 | €71,827 | +€12,135 | +20.3% |
| Fixed assets | 21/28 | €44,586 | €30,003 | -€14,583 | -32.7% |
| Tangible fixed assets | 22/27 | €44,586 | €30,003 | -€14,583 | -32.7% |
| Land and buildings | 22 | €37,547 | €24,848 | -€12,699 | -33.8% |
| Furniture and vehicles | 24 | €7,039 | €5,155 | -€1,884 | -26.8% |
| Current assets | 29/58 | €15,106 | €41,825 | +€26,718 | +176.9% |
| Amounts receivable within one year | 40/41 | €10,506 | €36,073 | +€25,567 | +243.4% |
| Trade receivables | 40 | €2,094 | €1,224 | -€870 | -41.5% |
| Other amounts receivable | 41 | €8,411 | €34,849 | +€26,437 | +314.3% |
| Cash at bank and in hand | 54/58 | €303 | €3,390 | +€3,086 | +1017.5% |
| Deferred charges and accrued income | 490/1 | €4,297 | €2,362 | -€1,936 | -45.0% |
| Total equity and liabilities | 10/49 | €59,692 | €71,827 | +€12,135 | +20.3% |
| Equity | 10/15 | €22,887 | €40,876 | +€17,989 | +78.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,487 | €28,476 | +€17,989 | +171.5% |
| Distributable reserves | 133 | €10,487 | €28,476 | +€17,989 | +171.5% |
| Amounts payable | 17/49 | €36,805 | €30,952 | -€5,854 | -15.9% |
| Amounts payable within one year | 42/48 | €36,805 | €30,952 | -€5,854 | -15.9% |
| Trade debts | 44 | €14,978 | €13,058 | -€1,921 | -12.8% |
| Suppliers | 440/4 | €14,978 | €13,058 | -€1,921 | -12.8% |
| Taxes, remuneration and social security | 45 | €6,215 | €17,894 | +€11,679 | +187.9% |
| Taxes | 450/3 | €6,215 | €17,894 | +€11,679 | +187.9% |
| Other amounts payable | 47/48 | €15,613 | - | -€15,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,618 | €5,532 | -€23,085 | -80.7% |
| Other operating charges | 640/8 | €6,167 | €1,855 | -€4,312 | -69.9% |
| Gross operating margin | 9900 | €49,403 | €35,007 | -€14,396 | -29.1% |
| Operating profit (loss) | 9901 | €14,619 | €27,620 | +€13,001 | +88.9% |
| Financial income | 75/76B | €2 | €582 | +€580 | +28444.1% |
| Recurring financial income | 75 | €2 | €582 | +€580 | +28444.1% |
| Financial charges | 65/66B | €411 | €270 | -€142 | -34.5% |
| Recurring financial charges | 65 | €411 | €270 | -€142 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €14,210 | €27,932 | +€13,723 | +96.6% |
| Income taxes | 67/77 | €5,583 | €9,943 | +€4,360 | +78.1% |
| Profit (loss) for the period | 9904 | €8,627 | €17,989 | +€9,362 | +108.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,627 | €17,989 | +€9,362 | +108.5% |
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 12 October 2026 via checked.be.