MARRONI: 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.
MARRONI
Largest movements
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Cash +€34,819
up €34,819 (+57.1%), from €60,955 to €95,774
mainly Current investments (+€40,000) and Receivables within one year (+€10,999)
- Receivables within one year -€10,999
down €10,999 (-82.0%), from €13,416 to €2,417
of which Trade receivables: -€12,025
- Reserves -€7,419
down €7,419 (-7.4%), from €100,267 to €92,848
- Tax, wage and social debts -€7,273
down €7,273 (-61.5%), from €11,835 to €4,562
- Trade debts -€1,355
down €1,355 (-90.7%), from €1,493 to €138
- Gross operating margin -€73,271
down €73,271 (-81.4%), from €90,027 to €16,756
- Taxes -€18,326
down €18,326 (-79.0%), from €23,204 to €4,878
- Financial income +€1,118
up €1,118 (+22369.8%), from €5 to €1,123
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 | €115,595 | €99,548 | -€16,047 | -13.9% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €115,345 | €99,298 | -€16,047 | -13.9% |
| Amounts receivable within one year | 40/41 | €13,416 | €2,417 | -€10,999 | -82.0% |
| Trade receivables | 40 | €12,025 | - | -€12,025 | |
| Other amounts receivable | 41 | €1,391 | €2,417 | +€1,026 | +73.7% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €60,955 | €95,774 | +€34,819 | +57.1% |
| Deferred charges and accrued income | 490/1 | €974 | €1,107 | +€134 | +13.7% |
| Total equity and liabilities | 10/49 | €115,595 | €99,548 | -€16,047 | -13.9% |
| Equity | 10/15 | €102,267 | €94,848 | -€7,419 | -7.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €100,267 | €92,848 | -€7,419 | -7.4% |
| Distributable reserves | 133 | €100,267 | €92,848 | -€7,419 | -7.4% |
| Amounts payable | 17/49 | €13,328 | €4,700 | -€8,628 | -64.7% |
| Amounts payable within one year | 42/48 | €13,328 | €4,700 | -€8,628 | -64.7% |
| Trade debts | 44 | €1,493 | €138 | -€1,355 | -90.7% |
| Suppliers | 440/4 | €1,493 | €138 | -€1,355 | -90.7% |
| Taxes, remuneration and social security | 45 | €11,835 | €4,562 | -€7,273 | -61.5% |
| Taxes | 450/3 | €11,835 | €4,562 | -€7,273 | -61.5% |
| Other operating charges | 640/8 | €871 | €1,225 | +€354 | +40.7% |
| Non-recurring operating charges | 66A | €1,345 | - | -€1,345 | |
| Gross operating margin | 9900 | €90,027 | €16,756 | -€73,271 | -81.4% |
| Operating profit (loss) | 9901 | €87,811 | €15,530 | -€72,281 | -82.3% |
| Financial income | 75/76B | €5 | €1,123 | +€1,118 | +22369.8% |
| Recurring financial income | 75 | €5 | €1,123 | +€1,118 | +22369.8% |
| Financial charges | 65/66B | €3,330 | €2,945 | -€385 | -11.6% |
| Recurring financial charges | 65 | €3,330 | €2,945 | -€385 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €84,486 | €13,709 | -€70,777 | -83.8% |
| Income taxes | 67/77 | €23,204 | €4,878 | -€18,326 | -79.0% |
| Profit (loss) for the period | 9904 | €61,282 | €8,831 | -€52,451 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,282 | €8,831 | -€52,451 | -85.6% |
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 30 September 2026 via checked.be.