MARUANI: what changed
What changed
MARUANI
NACE 47.690, Retail sale of other cultural and recreation goods
filed annual accounts (NBB)
Net result for the year
-€149,627
2024 · €75,585-€225,213
Equity
€4.5m
2024 · €4.6m-€149,627
Cash
€1.5m
2024 · €1.6m-€120,207
Balance sheet total
€9.4m
2024 · €10.1m-€658,011
Largest movements
Assets
- Receivables within one year -€374,057
down €374,057 (-14.3%), from €2.6m to €2.2m
of which Trade receivables: -€314,553
- Stocks and contracts -€147,012
down €147,012 (-9.5%), from €1.6m to €1.4m
- Cash -€120,207
down €120,207 (-7.5%), from €1.6m to €1.5m
mainly Debts after one year (-€241,832) and Net result for the year (-€149,627)
Equity and liabilities
- Debts after one year -€241,832
down €241,832 (-5.7%), from €4.3m to €4.0m
of which Financial debts: -€241,832
- Profit (loss) carried forward -€149,627
down €149,627, from €90,898 to -€58,729
- Tax, wage and social debts -€144,240
down €144,240 (-96.8%), from €149,012 to €4,772
of which Taxes: -€144,244
Income statement
- Gross operating margin -€358,622
down €358,622 (-69.6%), from €514,977 to €156,354
- Financial charges -€108,966
down €108,966 (-43.7%), from €249,435 to €140,469
of which Financial charges: -€117,712
- Taxes -€25,436
down €25,436 (-98.4%), from €25,850 to €414
- Financial income +€10,970
up €10,970 (+717%), from €1,530 to €12,500
- Other operating charges +€7,113
up €7,113 (+88.3%), from €8,057 to €15,170
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,585
Gross operating margin
-€358,622
Depreciation
-€4,850
Other operating charges
-€7,113
Financial income
+€10,970
Financial charges
+€108,966
Taxes
+€25,436
Result 2025
-€149,627
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€337,175
Investment
-€129,208
Financing
-€328,174
Cash 2024
€1.6m
From operations (derived)
+€337,175
Net result for the year
-€149,627
Depreciation
+€162,429
Stocks and contracts
+€147,012
Receivables within one year
+€374,057
Deferred charges and accrued income
-€16,487
Trade debts
+€12,149
Tax, wage and social debts
-€144,240
Other debts
-€2,303
Accrued charges and deferred income
-€45,816
Investment (derived)
-€129,208
Investment in fixed assets (net)
-€129,208
Financing
-€328,174
Debts after one year
-€241,832
Current portion of long-term debt
-€86,342
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,058,607 | €9,400,596 | -€658,011 | -6.5% |
| Fixed assets | 21/28 | €4,290,283 | €4,257,061 | -€33,222 | -0.8% |
| Tangible fixed assets | 22/27 | €4,290,283 | €4,257,061 | -€33,222 | -0.8% |
| Land and buildings | 22 | €4,124,099 | €4,113,088 | -€11,011 | -0.3% |
| Plant, machinery and equipment | 23 | €9,113 | €11,439 | +€2,326 | +25.5% |
| Furniture and vehicles | 24 | €154,787 | €132,535 | -€22,253 | -14.4% |
| Assets under construction and advance payments | 27 | €2,283 | - | -€2,283 | |
| Current assets | 29/58 | €5,768,324 | €5,143,534 | -€624,789 | -10.8% |
| Stocks and contracts in progress | 3 | €1,551,168 | €1,404,156 | -€147,012 | -9.5% |
| Stocks | 30/36 | €1,551,168 | €1,404,156 | -€147,012 | -9.5% |
| Amounts receivable within one year | 40/41 | €2,608,575 | €2,234,518 | -€374,057 | -14.3% |
| Trade receivables | 40 | €2,544,200 | €2,229,647 | -€314,553 | -12.4% |
| Other amounts receivable | 41 | €64,375 | €4,871 | -€59,504 | -92.4% |
| Cash at bank and in hand | 54/58 | €1,599,192 | €1,478,985 | -€120,207 | -7.5% |
| Deferred charges and accrued income | 490/1 | €9,389 | €25,876 | +€16,487 | +176% |
| Total equity and liabilities | 10/49 | €10,058,607 | €9,400,596 | -€658,011 | -6.5% |
| Equity | 10/15 | €4,645,898 | €4,496,271 | -€149,627 | -3.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €4,505,000 | €4,505,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €4,500,000 | €4,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,898 | -€58,729 | -€149,627 | |
| Amounts payable | 17/49 | €5,412,709 | €4,904,325 | -€508,384 | -9.4% |
| Amounts payable after more than one year | 17 | €4,277,166 | €4,035,334 | -€241,832 | -5.7% |
| Financial debts | 170/4 | €2,427,166 | €2,185,334 | -€241,832 | -10.0% |
| Other amounts payable | 178/9 | €1,850,000 | €1,850,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €969,765 | €749,029 | -€220,736 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €812,794 | €726,452 | -€86,342 | -10.6% |
| Trade debts | 44 | €2,243 | €14,392 | +€12,149 | +542% |
| Suppliers | 440/4 | €2,243 | €14,392 | +€12,149 | +542% |
| Taxes, remuneration and social security | 45 | €149,012 | €4,772 | -€144,240 | -96.8% |
| Taxes | 450/3 | €148,898 | €4,654 | -€144,244 | -96.9% |
| Remuneration and social security | 454/9 | €114 | €118 | +€4 | +3.7% |
| Other amounts payable | 47/48 | €5,715 | €3,412 | -€2,303 | -40.3% |
| Accrued charges and deferred income | 492/3 | €165,778 | €119,962 | -€45,816 | -27.6% |
| Non-recurring operating income | 76A | €6,381 | €3,801 | -€2,580 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,579 | €162,429 | +€4,850 | +3.1% |
| Other operating charges | 640/8 | €8,057 | €15,170 | +€7,113 | +88.3% |
| Gross operating margin | 9900 | €514,977 | €156,354 | -€358,622 | -69.6% |
| Operating profit (loss) | 9901 | €349,340 | -€21,245 | -€370,585 | |
| Financial income | 75/76B | €1,530 | €12,500 | +€10,970 | +717% |
| Recurring financial income | 75 | €1,530 | €12,500 | +€10,970 | +717% |
| Financial charges | 65/66B | €249,435 | €140,469 | -€108,966 | -43.7% |
| Recurring financial charges | 65 | €249,435 | €131,723 | -€117,712 | -47.2% |
| Non-recurring financial charges | 66B | - | €8,746 | +€8,746 | |
| Profit (loss) for the period before taxes | 9903 | €101,435 | -€149,213 | -€250,649 | |
| Income taxes | 67/77 | €25,850 | €414 | -€25,436 | -98.4% |
| Profit (loss) for the period | 9904 | €75,585 | -€149,627 | -€225,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,585 | -€149,627 | -€225,213 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.