MARROO: 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.
MARROO
Largest movements
- Cash +€76,603
up €76,603 (+123%), from €62,447 to €139,051
mainly Net result for the year (+€128,134) and Tax, wage and social debts (+€3,765)
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Receivables within one year +€10,088
up €10,088 (+15.1%), from €66,803 to €76,891
of which Other amounts receivable: +€15,674
- Reserves +€128,134
up €128,134 (+59.4%), from €215,843 to €343,977
- Tax, wage and social debts +€3,765
up €3,765 (+22.4%), from €16,792 to €20,557
of which Taxes: +€3,765
- Gross operating margin +€9,140
up €9,140 (+5.8%), from €157,007 to €166,148
- Financial income +€3,097
up €3,097 (+1,506%), from €206 to €3,302
- Taxes +€2,931
up €2,931 (+8.4%), from €34,729 to €37,661
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.
Derived cash bridge
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 | €237,700 | €371,513 | +€133,813 | +56.3% |
| Fixed assets | 21/28 | €8,449 | €5,571 | -€2,878 | -34.1% |
| Tangible fixed assets | 22/27 | €8,449 | €5,571 | -€2,878 | -34.1% |
| Land and buildings | 22 | €2,613 | €1,793 | -€820 | -31.4% |
| Plant, machinery and equipment | 23 | €2,095 | €1,550 | -€545 | -26.0% |
| Furniture and vehicles | 24 | €3,742 | €2,228 | -€1,514 | -40.5% |
| Current assets | 29/58 | €229,250 | €365,942 | +€136,691 | +59.6% |
| Amounts receivable within one year | 40/41 | €66,803 | €76,891 | +€10,088 | +15.1% |
| Trade receivables | 40 | €63,150 | €57,564 | -€5,586 | -8.8% |
| Other amounts receivable | 41 | €3,653 | €19,327 | +€15,674 | +429% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €62,447 | €139,051 | +€76,603 | +123% |
| Total equity and liabilities | 10/49 | €237,700 | €371,513 | +€133,813 | +56.3% |
| Equity | 10/15 | €220,843 | €348,977 | +€128,134 | +58.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €215,843 | €343,977 | +€128,134 | +59.4% |
| Distributable reserves | 133 | €215,843 | €343,977 | +€128,134 | +59.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,857 | €22,536 | +€5,679 | +33.7% |
| Amounts payable within one year | 42/48 | €16,857 | €22,506 | +€5,649 | +33.5% |
| Trade debts | 44 | €65 | €1,949 | +€1,884 | +2,903% |
| Suppliers | 440/4 | €65 | €1,949 | +€1,884 | +2,903% |
| Taxes, remuneration and social security | 45 | €16,792 | €20,557 | +€3,765 | +22.4% |
| Taxes | 450/3 | €16,792 | €20,557 | +€3,765 | +22.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,323 | €3,441 | +€118 | +3.6% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €157,007 | €166,148 | +€9,140 | +5.8% |
| Operating profit (loss) | 9901 | €153,558 | €162,579 | +€9,020 | +5.9% |
| Financial income | 75/76B | €206 | €3,302 | +€3,097 | +1,506% |
| Recurring financial income | 75 | €206 | €3,302 | +€3,097 | +1,506% |
| Financial charges | 65/66B | €56 | €85 | +€30 | +53.7% |
| Recurring financial charges | 65 | €56 | €85 | +€30 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €153,708 | €165,795 | +€12,087 | +7.9% |
| Income taxes | 67/77 | €34,729 | €37,661 | +€2,931 | +8.4% |
| Profit (loss) for the period | 9904 | €118,979 | €128,134 | +€9,155 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,979 | €128,134 | +€9,155 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.