MAROOS: 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.
MAROOS
Largest movements
- Cash +€361,706
up €361,706 (+722.4%), from €50,069 to €411,775
mainly Net result for the year (+€262,856) and Investment in fixed assets (net) (+€84,266)
- Tangible fixed assets -€84,436
down €84,436 (-99.6%), from €84,744 to €308
of which Land and buildings: -€70,477
- Reserves +€262,856
up €262,856 (+694.3%), from €37,860 to €300,717
- Tax, wage and social debts +€23,640
up €23,640 (+2473.8%), from €956 to €24,595
- Other debts -€6,961
down €6,961 (-15.7%), from €44,210 to €37,248
- Gross operating margin +€350,140
up €350,140 (+927.3%), from €37,758 to €387,898
- Taxes +€114,745
up €114,745 (+1346.5%), from €8,522 to €123,267
- Depreciation -€9,613
down €9,613 (-98.3%), from €9,783 to €170
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 | €145,026 | €424,565 | +€279,539 | +192.8% |
| Fixed assets | 21/28 | €84,744 | €308 | -€84,436 | -99.6% |
| Tangible fixed assets | 22/27 | €84,744 | €308 | -€84,436 | -99.6% |
| Land and buildings | 22 | €70,477 | - | -€70,477 | |
| Plant, machinery and equipment | 23 | €14,267 | €308 | -€13,959 | -97.8% |
| Current assets | 29/58 | €60,281 | €424,257 | +€363,975 | +603.8% |
| Amounts receivable within one year | 40/41 | €9,802 | €12,482 | +€2,680 | +27.3% |
| Trade receivables | 40 | €5,917 | €12,482 | +€6,565 | +111.0% |
| Other amounts receivable | 41 | €3,886 | - | -€3,886 | |
| Cash at bank and in hand | 54/58 | €50,069 | €411,775 | +€361,706 | +722.4% |
| Deferred charges and accrued income | 490/1 | €410 | - | -€410 | |
| Total equity and liabilities | 10/49 | €145,026 | €424,565 | +€279,539 | +192.8% |
| Equity | 10/15 | €99,860 | €362,717 | +€262,856 | +263.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €37,860 | €300,717 | +€262,856 | +694.3% |
| Distributable reserves | 133 | €37,860 | €300,717 | +€262,856 | +694.3% |
| Amounts payable | 17/49 | €45,165 | €61,848 | +€16,683 | +36.9% |
| Amounts payable within one year | 42/48 | €45,165 | €61,843 | +€16,678 | +36.9% |
| Taxes, remuneration and social security | 45 | €956 | €24,595 | +€23,640 | +2473.8% |
| Taxes | 450/3 | €956 | €24,595 | +€23,640 | +2473.8% |
| Other amounts payable | 47/48 | €44,210 | €37,248 | -€6,961 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Non-recurring operating income | 76A | - | €353,780 | +€353,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,783 | €170 | -€9,613 | -98.3% |
| Other operating charges | 640/8 | €1,561 | €1,248 | -€314 | -20.1% |
| Gross operating margin | 9900 | €37,758 | €387,898 | +€350,140 | +927.3% |
| Operating profit (loss) | 9901 | €26,414 | €386,480 | +€360,066 | +1363.2% |
| Financial income | 75/76B | €220 | €205 | -€15 | -6.6% |
| Recurring financial income | 75 | €220 | €205 | -€15 | -6.6% |
| Financial charges | 65/66B | €57 | €563 | +€505 | +883.0% |
| Recurring financial charges | 65 | €57 | €563 | +€505 | +883.0% |
| Profit (loss) for the period before taxes | 9903 | €26,577 | €386,123 | +€359,546 | +1352.9% |
| Income taxes | 67/77 | €8,522 | €123,267 | +€114,745 | +1346.5% |
| Profit (loss) for the period | 9904 | €18,055 | €262,856 | +€244,801 | +1355.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,055 | €262,856 | +€244,801 | +1355.9% |
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 1 October 2026 via checked.be.