MAROT: 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.
MAROT
Largest movements
- Cash +€43,662
up €43,662 (+368%), from €11,873 to €55,536
mainly Net result for the year (+€30,877) and Receivables within one year (+€25,205)
- Receivables within one year -€25,205
down €25,205 (-86.8%), from €29,028 to €3,823
of which Other amounts receivable: -€26,378
- Tangible fixed assets -€3,843
down €3,843 (-4.9%), from €78,926 to €75,082
- Other debts +€15,533
up €15,533 (+75.2%), from €20,668 to €36,201
- Reserves +€8,389
up €8,389 (+80.4%), from €10,427 to €18,816
- Debts after one year -€5,637
down €5,637 (-10.6%), from €53,106 to €47,468
of which Financial debts: -€5,477
- Trade debts -€5,387
down €5,387 (-89.3%), from €6,035 to €648
- Tax, wage and social debts +€1,817
up €1,817 (+29.8%), from €6,103 to €7,920
of which Taxes: +€2,185
- Gross operating margin +€29,280
up €29,280 (+149%), from €19,610 to €48,891
- Taxes +€8,217
up €8,217 (+253%), from €3,246 to €11,464
- Depreciation -€2,548
down €2,548 (-39.9%), from €6,392 to €3,843
- Financial income -€1,373
down €1,373 (-100.0%), from €1,373 to €0
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,307 | €135,131 | +€14,824 | +12.3% |
| Fixed assets | 21/28 | €79,251 | €75,407 | -€3,843 | -4.8% |
| Tangible fixed assets | 22/27 | €78,926 | €75,082 | -€3,843 | -4.9% |
| Land and buildings | 22 | €78,926 | €75,082 | -€3,843 | -4.9% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €41,056 | €59,724 | +€18,667 | +45.5% |
| Amounts receivable within one year | 40/41 | €29,028 | €3,823 | -€25,205 | -86.8% |
| Trade receivables | 40 | €2,650 | €3,823 | +€1,173 | +44.3% |
| Other amounts receivable | 41 | €26,378 | - | -€26,378 | |
| Cash at bank and in hand | 54/58 | €11,873 | €55,536 | +€43,662 | +368% |
| Deferred charges and accrued income | 490/1 | €155 | €365 | +€210 | +136% |
| Total equity and liabilities | 10/49 | €120,307 | €135,131 | +€14,824 | +12.3% |
| Equity | 10/15 | €29,027 | €37,416 | +€8,389 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,427 | €18,816 | +€8,389 | +80.4% |
| Distributable reserves | 133 | €10,427 | €18,816 | +€8,389 | +80.4% |
| Amounts payable | 17/49 | €91,280 | €97,715 | +€6,435 | +7.0% |
| Amounts payable after more than one year | 17 | €53,106 | €47,468 | -€5,637 | -10.6% |
| Financial debts | 170/4 | €52,946 | €47,468 | -€5,477 | -10.3% |
| Other amounts payable | 178/9 | €160 | - | -€160 | |
| Amounts payable within one year | 42/48 | €38,174 | €50,247 | +€12,072 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €5,369 | €5,477 | +€109 | +2.0% |
| Trade debts | 44 | €6,035 | €648 | -€5,387 | -89.3% |
| Suppliers | 440/4 | €6,035 | €648 | -€5,387 | -89.3% |
| Taxes, remuneration and social security | 45 | €6,103 | €7,920 | +€1,817 | +29.8% |
| Taxes | 450/3 | €5,278 | €7,464 | +€2,185 | +41.4% |
| Remuneration and social security | 454/9 | €825 | €456 | -€368 | -44.7% |
| Other amounts payable | 47/48 | €20,668 | €36,201 | +€15,533 | +75.2% |
| Non-recurring operating income | 76A | €1,546 | - | -€1,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,392 | €3,843 | -€2,548 | -39.9% |
| Other operating charges | 640/8 | €1,343 | €1,402 | +€59 | +4.4% |
| Gross operating margin | 9900 | €19,610 | €48,891 | +€29,280 | +149% |
| Operating profit (loss) | 9901 | €11,876 | €43,646 | +€31,770 | +268% |
| Financial income | 75/76B | €1,373 | €0 | -€1,373 | -100.0% |
| Recurring financial income | 75 | €1,373 | €0 | -€1,373 | -100.0% |
| Financial charges | 65/66B | €1,435 | €1,305 | -€130 | -9.1% |
| Recurring financial charges | 65 | €1,435 | €1,305 | -€130 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €11,814 | €42,341 | +€30,527 | +258% |
| Income taxes | 67/77 | €3,246 | €11,464 | +€8,217 | +253% |
| Profit (loss) for the period | 9904 | €8,567 | €30,877 | +€22,310 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €8,567 | €30,877 | +€22,310 | +260% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.