Maruno: 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.
Maruno
Largest movements
- Cash -€107,709
down €107,709 (-78.2%), from €137,759 to €30,050
mainly Contributions, distributions and other (-€170,895) and Tax, wage and social debts (-€23,042)
- Current investments -€21,586
down €21,586 (-47.4%), from €45,586 to €24,000
- Tangible fixed assets -€10,674
down €10,674 (-43.2%), from €24,730 to €14,056
of which Leasing and similar rights: -€10,413
- Profit (loss) carried forward -€106,996
down €106,996 (-62.6%), from €170,895 to €63,898
- Tax, wage and social debts -€23,042
down €23,042 (-76.7%), from €30,038 to €6,996
- Debts after one year -€7,697
no longer reported in 2026 (was €7,697)
- Current portion of long-term debt -€5,376
down €5,376 (-41.1%), from €13,074 to €7,697
- Gross operating margin -€16,157
down €16,157 (-15.2%), from €106,495 to €90,338
- Taxes -€3,075
down €3,075 (-16.3%), from €18,849 to €15,774
- Financial charges -€1,725
down €1,725 (-69.5%), from €2,482 to €757
- Financial income +€1,390
up €1,390 (+1,243%), from €112 to €1,502
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,601 | €86,528 | -€142,074 | -62.1% |
| Fixed assets | 21/28 | €24,730 | €14,056 | -€10,674 | -43.2% |
| Tangible fixed assets | 22/27 | €24,730 | €14,056 | -€10,674 | -43.2% |
| Plant, machinery and equipment | 23 | €366 | €106 | -€261 | -71.1% |
| Leasing and similar rights | 25 | €24,364 | €13,951 | -€10,413 | -42.7% |
| Current assets | 29/58 | €203,871 | €72,471 | -€131,400 | -64.5% |
| Amounts receivable within one year | 40/41 | €18,946 | €16,746 | -€2,200 | -11.6% |
| Trade receivables | 40 | €18,946 | €14,520 | -€4,426 | -23.4% |
| Other amounts receivable | 41 | - | €2,226 | +€2,226 | |
| Current investments | 50/53 | €45,586 | €24,000 | -€21,586 | -47.4% |
| Cash at bank and in hand | 54/58 | €137,759 | €30,050 | -€107,709 | -78.2% |
| Deferred charges and accrued income | 490/1 | €1,581 | €1,676 | +€95 | +6.0% |
| Total equity and liabilities | 10/49 | €228,601 | €86,528 | -€142,074 | -62.1% |
| Equity | 10/15 | €173,895 | €66,898 | -€106,996 | -61.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,895 | €63,898 | -€106,996 | -62.6% |
| Amounts payable | 17/49 | €54,707 | €19,629 | -€35,077 | -64.1% |
| Amounts payable after more than one year | 17 | €7,697 | - | -€7,697 | |
| Financial debts | 170/4 | €7,697 | - | -€7,697 | |
| Amounts payable within one year | 42/48 | €45,299 | €17,877 | -€27,421 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €13,074 | €7,697 | -€5,376 | -41.1% |
| Trade debts | 44 | €1,375 | €2,372 | +€998 | +72.6% |
| Suppliers | 440/4 | €1,375 | €2,372 | +€998 | +72.6% |
| Taxes, remuneration and social security | 45 | €30,038 | €6,996 | -€23,042 | -76.7% |
| Taxes | 450/3 | €30,038 | €6,996 | -€23,042 | -76.7% |
| Other amounts payable | 47/48 | €812 | €812 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,711 | €1,752 | +€41 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,674 | €10,674 | = | 0.0% |
| Other operating charges | 640/8 | €330 | €737 | +€406 | +123% |
| Gross operating margin | 9900 | €106,495 | €90,338 | -€16,157 | -15.2% |
| Operating profit (loss) | 9901 | €95,491 | €78,928 | -€16,563 | -17.3% |
| Financial income | 75/76B | €112 | €1,502 | +€1,390 | +1,243% |
| Recurring financial income | 75 | €112 | €1,502 | +€1,390 | +1,243% |
| Financial charges | 65/66B | €2,482 | €757 | -€1,725 | -69.5% |
| Recurring financial charges | 65 | €2,482 | €757 | -€1,725 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €93,121 | €79,673 | -€13,448 | -14.4% |
| Income taxes | 67/77 | €18,849 | €15,774 | -€3,075 | -16.3% |
| Profit (loss) for the period | 9904 | €74,272 | €63,898 | -€10,373 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,272 | €63,898 | -€10,373 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.