MARONO: 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.
MARONO
Largest movements
- Tangible fixed assets -€20,784
down €20,784 (-4.2%), from €494,553 to €473,769
of which Land and buildings: -€16,768
- Cash +€16,237
up €16,237 (+21.4%), from €76,047 to €92,284
mainly Depreciation (+€20,784) and Net result for the year (+€19,442)
- Profit (loss) carried forward +€19,442
up €19,442 (+8.3%), from €233,737 to €253,179
- Other debts -€16,921
down €16,921 (-32.7%), from €51,694 to €34,773
- Debts after one year -€8,117
down €8,117 (-9.5%), from €85,856 to €77,738
- Gross operating margin +€3,084
up €3,084 (+5.8%), from €53,428 to €56,512
- Turnover +€2,440
up €2,440 (+4.3%), from €56,906 to €59,346
- Other operating charges +€1,740
up €1,740 (+26.2%), from €6,649 to €8,390
- Taxes +€738
up €738 (+12.5%), from €5,907 to €6,645
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 | €570,600 | €566,053 | -€4,547 | -0.8% |
| Fixed assets | 21/28 | €494,553 | €473,769 | -€20,784 | -4.2% |
| Tangible fixed assets | 22/27 | €494,553 | €473,769 | -€20,784 | -4.2% |
| Land and buildings | 22 | €486,521 | €469,753 | -€16,768 | -3.4% |
| Plant, machinery and equipment | 23 | €8,032 | €4,016 | -€4,016 | -50.0% |
| Current assets | 29/58 | €76,047 | €92,284 | +€16,237 | +21.4% |
| Cash at bank and in hand | 54/58 | €76,047 | €92,284 | +€16,237 | +21.4% |
| Total equity and liabilities | 10/49 | €570,600 | €566,053 | -€4,547 | -0.8% |
| Equity | 10/15 | €419,657 | €439,099 | +€19,442 | +4.6% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,737 | €253,179 | +€19,442 | +8.3% |
| Amounts payable | 17/49 | €150,943 | €126,953 | -€23,989 | -15.9% |
| Amounts payable after more than one year | 17 | €85,856 | €77,738 | -€8,117 | -9.5% |
| Financial debts | 170/4 | €85,856 | €77,738 | -€8,117 | -9.5% |
| Amounts payable within one year | 42/48 | €59,614 | €42,891 | -€16,723 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €7,919 | €8,117 | +€198 | +2.5% |
| Other amounts payable | 47/48 | €51,694 | €34,773 | -€16,921 | -32.7% |
| Accrued charges and deferred income | 492/3 | €5,473 | €6,324 | +€851 | +15.5% |
| Turnover | 70 | €56,906 | €59,346 | +€2,440 | +4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,478 | €3,580 | +€102 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,784 | €20,784 | = | 0.0% |
| Other operating charges | 640/8 | €6,649 | €8,390 | +€1,740 | +26.2% |
| Gross operating margin | 9900 | €53,428 | €56,512 | +€3,084 | +5.8% |
| Operating profit (loss) | 9901 | €25,995 | €27,339 | +€1,344 | +5.2% |
| Financial income | 75/76B | €1,445 | €1,068 | -€377 | -26.1% |
| Recurring financial income | 75 | €1,445 | €1,068 | -€377 | -26.1% |
| Non-recurring financial income | 76B | €1,445 | - | -€1,445 | |
| Financial charges | 65/66B | €2,498 | €2,320 | -€178 | -7.1% |
| Recurring financial charges | 65 | €2,498 | €2,320 | -€178 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €24,942 | €26,087 | +€1,144 | +4.6% |
| Income taxes | 67/77 | €5,907 | €6,645 | +€738 | +12.5% |
| Profit (loss) for the period | 9904 | €19,036 | €19,442 | +€407 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,036 | €19,442 | +€407 | +2.1% |
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 6 October 2026 via checked.be.