MAROSA: 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.
MAROSA
Largest movements
- Receivables within one year +€12,382
up €12,382 (+10.0%), from €124,331 to €136,713
of which Other amounts receivable: +€17,142
- Profit (loss) carried forward +€59,863
up €59,863 (+139.7%), from €42,849 to €102,713
- Trade debts -€41,600
down €41,600 (-99.0%), from €42,000 to €400
- Tax, wage and social debts -€7,084
down €7,084 (-34.5%), from €20,517 to €13,433
of which Taxes: -€7,084
- Gross operating margin -€51,162
down €51,162 (-38.4%), from €133,233 to €82,071
- Taxes +€6,433
up €6,433 (+47.7%), from €13,500 to €19,933
- Other operating charges +€1,514
up €1,514 (+299.7%), from €505 to €2,020
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 | €126,026 | €137,205 | +€11,179 | +8.9% |
| Current assets | 29/58 | €126,026 | €137,205 | +€11,179 | +8.9% |
| Amounts receivable within one year | 40/41 | €124,331 | €136,713 | +€12,382 | +10.0% |
| Trade receivables | 40 | €11,899 | €7,139 | -€4,760 | -40.0% |
| Other amounts receivable | 41 | €112,432 | €129,574 | +€17,142 | +15.2% |
| Cash at bank and in hand | 54/58 | €1,695 | €493 | -€1,203 | -70.9% |
| Total equity and liabilities | 10/49 | €126,026 | €137,205 | +€11,179 | +8.9% |
| Equity | 10/15 | €63,309 | €123,173 | +€59,863 | +94.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,849 | €102,713 | +€59,863 | +139.7% |
| Amounts payable | 17/49 | €62,717 | €14,033 | -€48,684 | -77.6% |
| Amounts payable within one year | 42/48 | €62,717 | €14,033 | -€48,684 | -77.6% |
| Trade debts | 44 | €42,000 | €400 | -€41,600 | -99.0% |
| Suppliers | 440/4 | €42,000 | €400 | -€41,600 | -99.0% |
| Taxes, remuneration and social security | 45 | €20,517 | €13,433 | -€7,084 | -34.5% |
| Taxes | 450/3 | €20,517 | €13,433 | -€7,084 | -34.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €200 | €200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €2,020 | +€1,514 | +299.7% |
| Gross operating margin | 9900 | €133,233 | €82,071 | -€51,162 | -38.4% |
| Operating profit (loss) | 9901 | €132,727 | €80,051 | -€52,676 | -39.7% |
| Financial charges | 65/66B | €83 | €255 | +€172 | +206.9% |
| Recurring financial charges | 65 | €83 | €255 | +€172 | +206.9% |
| Profit (loss) for the period before taxes | 9903 | €132,644 | €79,796 | -€52,848 | -39.8% |
| Income taxes | 67/77 | €13,500 | €19,933 | +€6,433 | +47.7% |
| Profit (loss) for the period | 9904 | €119,144 | €59,863 | -€59,281 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €119,144 | €59,863 | -€59,281 | -49.8% |
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 7 October 2026 via checked.be.