Maruti: 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.
Maruti
Largest movements
- Stocks and contracts -€894,764
no longer reported in 2025 (was €894,764)
- Tangible fixed assets -€638,434
down €638,434 (-55.9%), from €1.1m to €503,364
- Receivables within one year +€485,339
up €485,339 (+21,548%), from €2,252 to €487,591
of which Trade receivables: +€486,809
- Cash +€68,864
up €68,864 (+352,789%), from €20 to €68,884
mainly Stocks and contracts (+€894,764) and Investment in fixed assets (net) (+€634,457)
- Trade debts -€919,110
down €919,110 (-48.8%), from €1.9m to €962,788
- Reserves -€25,864
no longer reported in 2025 (was €25,864)
- Profit (loss) carried forward -€21,881
down €21,881 (-23.2%), from -€94,351 to -€116,232
- Gross operating margin +€128,745
up €128,745 (+230%), from €56,005 to €184,750
- Other operating charges -€28,248
down €28,248 (-27.1%), from €104,385 to €76,137
- Depreciation -€17,750
down €17,750 (-81.7%), from €21,727 to €3,977
- Taxes -€12,221
down €12,221 (-50.2%), from €24,324 to €12,103
- Financial income +€3,165
up €3,165 (+340%), from €932 to €4,097
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 | €2,038,834 | €1,059,839 | -€978,995 | -48.0% |
| Fixed assets | 21/28 | €1,141,798 | €503,364 | -€638,434 | -55.9% |
| Tangible fixed assets | 22/27 | €1,141,798 | €503,364 | -€638,434 | -55.9% |
| Land and buildings | 22 | €1,141,798 | €503,364 | -€638,434 | -55.9% |
| Current assets | 29/58 | €897,036 | €556,475 | -€340,561 | -38.0% |
| Stocks and contracts in progress | 3 | €894,764 | - | -€894,764 | |
| Stocks | 30/36 | €894,764 | - | -€894,764 | |
| Amounts receivable within one year | 40/41 | €2,252 | €487,591 | +€485,339 | +21,548% |
| Trade receivables | 40 | - | €486,809 | +€486,809 | |
| Other amounts receivable | 41 | €2,252 | €782 | -€1,470 | -65.3% |
| Cash at bank and in hand | 54/58 | €20 | €68,884 | +€68,864 | +352,789% |
| Total equity and liabilities | 10/49 | €2,038,834 | €1,059,839 | -€978,995 | -48.0% |
| Equity | 10/15 | -€49,887 | -€97,632 | -€47,745 | -95.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,864 | - | -€25,864 | |
| Distributable reserves | 133 | €25,864 | - | -€25,864 | |
| Profit (loss) carried forward | 14 | -€94,351 | -€116,232 | -€21,881 | -23.2% |
| Amounts payable | 17/49 | €2,088,721 | €1,157,471 | -€931,250 | -44.6% |
| Amounts payable within one year | 42/48 | €2,088,721 | €1,157,471 | -€931,250 | -44.6% |
| Trade debts | 44 | €1,881,898 | €962,788 | -€919,110 | -48.8% |
| Suppliers | 440/4 | €1,881,898 | €962,788 | -€919,110 | -48.8% |
| Taxes, remuneration and social security | 45 | €71,995 | €62,751 | -€9,244 | -12.8% |
| Taxes | 450/3 | €71,995 | €62,751 | -€9,244 | -12.8% |
| Other amounts payable | 47/48 | €134,828 | €131,932 | -€2,896 | -2.1% |
| Non-recurring operating income | 76A | - | €195,364 | +€195,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,727 | €3,977 | -€17,750 | -81.7% |
| Other operating charges | 640/8 | €104,385 | €76,137 | -€28,248 | -27.1% |
| Non-recurring operating charges | 66A | - | €143,821 | +€143,821 | |
| Gross operating margin | 9900 | €56,005 | €184,750 | +€128,745 | +230% |
| Operating profit (loss) | 9901 | -€70,108 | -€39,186 | +€30,922 | +44.1% |
| Financial income | 75/76B | €932 | €4,097 | +€3,165 | +340% |
| Recurring financial income | 75 | €932 | €4,097 | +€3,165 | +340% |
| Financial charges | 65/66B | €851 | €554 | -€298 | -35.0% |
| Recurring financial charges | 65 | €851 | €554 | -€298 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€70,027 | -€35,642 | +€34,385 | +49.1% |
| Income taxes | 67/77 | €24,324 | €12,103 | -€12,221 | -50.2% |
| Profit (loss) for the period | 9904 | -€94,351 | -€47,745 | +€46,606 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,351 | -€47,745 | +€46,606 | +49.4% |
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 18 October 2026 via checked.be.