MARYAL: what changed
Two fiscal 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.
MARYAL
Largest movements
- Tangible fixed assets +€612,361
new in 2025: €612,361
of which Furniture and vehicles: +€329,895
- Receivables within one year +€183,404
up €183,404 (+1257.8%), from €14,582 to €197,986
of which Trade receivables: +€183,581
- Cash +€87,328
up €87,328 (+1170.5%), from €7,461 to €94,789
mainly Net result for the year (+€588,235) and Tax, wage and social debts (+€177,553)
- Profit (loss) carried forward +€588,235
up €588,235, from -€7,829 to €580,406
- Tax, wage and social debts +€177,553
up €177,553 (+1115.6%), from €15,916 to €193,469
of which Taxes: +€179,710
- Trade debts +€117,306
up €117,306 (+5521.1%), from €2,125 to €119,430
- Gross operating margin +€1.0m
up €1.0m (+2699.0%), from €38,337 to €1.1m
- Staff costs +€205,115
up €205,115 (+5936.6%), from €3,455 to €208,571
- Taxes +€185,710
up €185,710 (+2393.5%), from €7,759 to €193,469
- Depreciation +€53,090
new in 2025: €53,090
- Financial charges +€19,488
up €19,488 (+13163.7%), from €148 to €19,636
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.
Cash bridge derived
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 | €22,043 | €905,136 | +€883,094 | +4006.3% |
| Fixed assets | 21/28 | - | €612,361 | +€612,361 | |
| Tangible fixed assets | 22/27 | - | €612,361 | +€612,361 | |
| Plant, machinery and equipment | 23 | - | €282,466 | +€282,466 | |
| Furniture and vehicles | 24 | - | €329,895 | +€329,895 | |
| Current assets | 29/58 | €22,043 | €292,775 | +€270,733 | +1228.2% |
| Amounts receivable within one year | 40/41 | €14,582 | €197,986 | +€183,404 | +1257.8% |
| Trade receivables | 40 | €14,405 | €197,986 | +€183,581 | +1274.4% |
| Other amounts receivable | 41 | €177 | - | -€177 | |
| Cash at bank and in hand | 54/58 | €7,461 | €94,789 | +€87,328 | +1170.5% |
| Total equity and liabilities | 10/49 | €22,043 | €905,136 | +€883,094 | +4006.3% |
| Equity | 10/15 | €3,392 | €591,626 | +€588,235 | +17343.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €6,220 | €6,220 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | - | €6,220 | +€6,220 | |
| Legal reserve | 130 | - | €6,220 | +€6,220 | |
| Distributable reserves | 133 | €6,220 | - | -€6,220 | |
| Profit (loss) carried forward | 14 | -€7,829 | €580,406 | +€588,235 | |
| Amounts payable | 17/49 | €18,651 | €313,510 | +€294,859 | +1580.9% |
| Amounts payable within one year | 42/48 | €18,651 | €313,510 | +€294,859 | +1580.9% |
| Trade debts | 44 | €2,125 | €119,430 | +€117,306 | +5521.1% |
| Suppliers | 440/4 | €2,125 | €119,430 | +€117,306 | +5521.1% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,916 | €193,469 | +€177,553 | +1115.6% |
| Taxes | 450/3 | €13,759 | €193,469 | +€179,710 | +1306.1% |
| Remuneration and social security | 454/9 | €2,157 | - | -€2,157 | |
| Other amounts payable | 47/48 | €511 | €511 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €3,455 | €208,571 | +€205,115 | +5936.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €53,090 | +€53,090 | |
| Other operating charges | 640/8 | €769 | €14,034 | +€13,265 | +1725.5% |
| Gross operating margin | 9900 | €38,337 | €1,073,069 | +€1.0m | +2699.0% |
| Operating profit (loss) | 9901 | €34,113 | €797,375 | +€763,261 | +2237.4% |
| Financial income | 75/76B | €14 | €3,965 | +€3,951 | +28756.3% |
| Recurring financial income | 75 | €14 | €3,965 | +€3,951 | +28756.3% |
| Financial charges | 65/66B | €148 | €19,636 | +€19,488 | +13163.7% |
| Recurring financial charges | 65 | €148 | €19,636 | +€19,488 | +13163.7% |
| Profit (loss) for the period before taxes | 9903 | €33,979 | €781,704 | +€747,725 | +2200.5% |
| Income taxes | 67/77 | €7,759 | €193,469 | +€185,710 | +2393.5% |
| Profit (loss) for the period | 9904 | €26,220 | €588,235 | +€562,015 | +2143.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,220 | €588,235 | +€562,015 | +2143.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.