MARUS: 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.
MARUS
Largest movements
- Tangible fixed assets -€1,920
down €1,920 (-26.7%), from €7,200 to €5,280
- Profit (loss) carried forward -€2,374
down €2,374, from €1,052 to -€1,322
- Trade debts +€400
up €400 (+3.7%), from €10,741 to €11,141
- Gross operating margin -€30,822
down €30,822 (-100%), from €30,822 to €0
- Staff costs -€16,797
down €16,797 (-100%), from €16,797 to €0
- Depreciation -€9,069
down €9,069 (-82.5%), from €10,989 to €1,920
- Taxes -€1,296
down €1,296 (-100%), from €1,296 to €0
- Financial charges -€586
down €586 (-91.6%), from €640 to €54
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 | €16,640 | €14,590 | -€2,050 | -12.3% |
| Fixed assets | 21/28 | €7,200 | €5,280 | -€1,920 | -26.7% |
| Tangible fixed assets | 22/27 | €7,200 | €5,280 | -€1,920 | -26.7% |
| Plant, machinery and equipment | 23 | €7,200 | €5,280 | -€1,920 | -26.7% |
| Current assets | 29/58 | €9,440 | €9,310 | -€130 | -1.4% |
| Amounts receivable within one year | 40/41 | €9,213 | €9,213 | = | 0.0% |
| Trade receivables | 40 | €9,213 | €9,213 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €151 | €97 | -€54 | -35.8% |
| Deferred charges and accrued income | 490/1 | €76 | - | -€76 | |
| Total equity and liabilities | 10/49 | €16,640 | €14,590 | -€2,050 | -12.3% |
| Equity | 10/15 | €3,552 | €1,178 | -€2,374 | -66.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,052 | -€1,322 | -€2,374 | |
| Amounts payable | 17/49 | €13,088 | €13,412 | +€324 | +2.5% |
| Amounts payable within one year | 42/48 | €13,088 | €13,412 | +€324 | +2.5% |
| Trade debts | 44 | €10,741 | €11,141 | +€400 | +3.7% |
| Suppliers | 440/4 | €10,741 | €11,141 | +€400 | +3.7% |
| Taxes, remuneration and social security | 45 | €1,296 | €1,221 | -€76 | -5.8% |
| Taxes | 450/3 | €1,296 | €1,221 | -€76 | -5.8% |
| Other amounts payable | 47/48 | €1,050 | €1,050 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,797 | €0 | -€16,797 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,989 | €1,920 | -€9,069 | -82.5% |
| Other operating charges | 640/8 | €50 | €400 | +€350 | +699% |
| Gross operating margin | 9900 | €30,822 | €0 | -€30,822 | -100% |
| Operating profit (loss) | 9901 | €2,986 | -€2,320 | -€5,306 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €640 | €54 | -€586 | -91.6% |
| Recurring financial charges | 65 | €640 | €54 | -€586 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €2,348 | -€2,374 | -€4,722 | |
| Income taxes | 67/77 | €1,296 | €0 | -€1,296 | -100% |
| Profit (loss) for the period | 9904 | €1,052 | -€2,374 | -€3,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,052 | -€2,374 | -€3,425 |
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 14 October 2026 via checked.be.