Maru Deco: 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.
What changed
Maru Deco
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,172
2024 · €20,914-€10,742
Equity
€460,692
2024 · €451,320+€9,372
Cash
€105,343
2024 · €181,782-€76,439
Balance sheet total
€966,502
2024 · €1.1m-€100,174
Largest movements
Assets
- Cash -€76,439
down €76,439 (-42.0%), from €181,782 to €105,343
mainly Investment in fixed assets (net) (-€71,382) and Trade debts (-€46,522)
- Receivables within one year -€24,014
down €24,014 (-32.0%), from €75,128 to €51,114
of which Trade receivables: -€15,966
Equity and liabilities
- Trade debts -€46,522
down €46,522 (-75.4%), from €61,667 to €15,145
- Debts after one year -€30,207
down €30,207 (-7.4%), from €410,974 to €380,766
- Current portion of long-term debt -€21,454
down €21,454 (-38.4%), from €55,892 to €34,439
Income statement
- Staff costs +€7,416
up €7,416 (+3.2%), from €232,478 to €239,895
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.
Result 2024
€20,914
Gross operating margin
-€2,666
Staff costs
-€7,416
Depreciation
-€2,275
Other operating charges
-€572
Other operating items
+€1,634
Financial income
+€470
Financial charges
-€2,105
Taxes
+€2,189
Result 2025
€10,172
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€47,404
Investment
-€71,382
Financing
-€52,461
Cash 2024
€181,782
From operations (derived)
+€47,404
Net result for the year
+€10,172
Depreciation
+€66,963
Stocks and contracts
-€2,000
Receivables within one year
+€24,014
Deferred charges and accrued income
+€6,139
Trade debts
-€46,522
Tax, wage and social debts
-€2,848
Other debts
-€7,981
Accrued charges and deferred income
-€534
Investment (derived)
-€71,382
Investment in fixed assets (net)
-€71,382
Financing
-€52,461
Debts after one year
-€30,207
Current portion of long-term debt
-€21,454
Contributions, distributions and other
-€800
Cash 2025
€105,343
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,676 | €966,502 | -€100,174 | -9.4% |
| Fixed assets | 21/28 | €719,533 | €723,951 | +€4,418 | +0.6% |
| Tangible fixed assets | 22/27 | €719,353 | €723,771 | +€4,418 | +0.6% |
| Land and buildings | 22 | €665,317 | €688,419 | +€23,102 | +3.5% |
| Plant, machinery and equipment | 23 | €23,181 | €24,644 | +€1,463 | +6.3% |
| Furniture and vehicles | 24 | €30,855 | €10,709 | -€20,147 | -65.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €347,143 | €242,551 | -€104,593 | -30.1% |
| Stocks and contracts in progress | 3 | €68,862 | €70,862 | +€2,000 | +2.9% |
| Stocks | 30/36 | €68,862 | €55,862 | -€13,000 | -18.9% |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €75,128 | €51,114 | -€24,014 | -32.0% |
| Trade receivables | 40 | €61,295 | €45,329 | -€15,966 | -26.0% |
| Other amounts receivable | 41 | €13,833 | €5,784 | -€8,049 | -58.2% |
| Cash at bank and in hand | 54/58 | €181,782 | €105,343 | -€76,439 | -42.0% |
| Deferred charges and accrued income | 490/1 | €21,371 | €15,232 | -€6,139 | -28.7% |
| Total equity and liabilities | 10/49 | €1,066,676 | €966,502 | -€100,174 | -9.4% |
| Equity | 10/15 | €451,320 | €460,692 | +€9,372 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €430,860 | €440,232 | +€9,372 | +2.2% |
| Amounts payable | 17/49 | €615,357 | €505,810 | -€109,546 | -17.8% |
| Amounts payable after more than one year | 17 | €410,974 | €380,766 | -€30,207 | -7.4% |
| Financial debts | 170/4 | €410,974 | €380,766 | -€30,207 | -7.4% |
| Amounts payable within one year | 42/48 | €202,276 | €123,470 | -€78,805 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €55,892 | €34,439 | -€21,454 | -38.4% |
| Trade debts | 44 | €61,667 | €15,145 | -€46,522 | -75.4% |
| Suppliers | 440/4 | €61,667 | €15,145 | -€46,522 | -75.4% |
| Taxes, remuneration and social security | 45 | €15,275 | €12,427 | -€2,848 | -18.6% |
| Taxes | 450/3 | €9,224 | €2,654 | -€6,570 | -71.2% |
| Remuneration and social security | 454/9 | €6,051 | €9,773 | +€3,721 | +61.5% |
| Other amounts payable | 47/48 | €69,441 | €61,460 | -€7,981 | -11.5% |
| Accrued charges and deferred income | 492/3 | €2,108 | €1,574 | -€534 | -25.3% |
| Non-recurring operating income | 76A | €3,110 | €1,096 | -€2,014 | -64.8% |
| Remuneration, social security and pensions | 62 | €232,478 | €239,895 | +€7,416 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,688 | €66,963 | +€2,275 | +3.5% |
| Other operating charges | 640/8 | €6,401 | €6,973 | +€572 | +8.9% |
| Non-recurring operating charges | 66A | €1,634 | €0 | -€1,634 | -100% |
| Gross operating margin | 9900 | €344,131 | €341,465 | -€2,666 | -0.8% |
| Operating profit (loss) | 9901 | €38,929 | €27,634 | -€11,295 | -29.0% |
| Financial income | 75/76B | €1,877 | €2,347 | +€470 | +25.0% |
| Recurring financial income | 75 | €1,877 | €2,347 | +€470 | +25.0% |
| Financial charges | 65/66B | €13,465 | €15,571 | +€2,105 | +15.6% |
| Recurring financial charges | 65 | €13,465 | €15,571 | +€2,105 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €27,341 | €14,410 | -€12,931 | -47.3% |
| Income taxes | 67/77 | €6,427 | €4,238 | -€2,189 | -34.1% |
| Profit (loss) for the period | 9904 | €20,914 | €10,172 | -€10,742 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,914 | €10,172 | -€10,742 | -51.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.