MARYAM: 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.
MARYAM
Largest movements
- Receivables within one year -€5,569
down €5,569 (-98.7%), from €5,644 to €75
of which Trade receivables: -€5,644
- Stocks and contracts +€5,167
up €5,167 (+73.2%), from €7,058 to €12,225
- Cash -€260
down €260 (-3.3%), from €7,927 to €7,667
mainly Stocks and contracts (-€5,167) and Trade debts (-€4,109)
- Reserves +€4,587
up €4,587 (+429%), from €1,069 to €5,655
- Trade debts -€4,109
down €4,109 (-40.9%), from €10,039 to €5,929
- Tax, wage and social debts -€1,271
down €1,271 (-40.6%), from €3,129 to €1,858
- Gross operating margin -€2,330
down €2,330 (-16.2%), from €14,355 to €12,025
- Other operating charges -€1,245
down €1,245 (-23.2%), from €5,357 to €4,112
- Taxes -€734
down €734 (-37.1%), from €1,979 to €1,245
- Depreciation -€202
down €202 (-58.3%), from €346 to €144
- Financial charges -€175
down €175 (-8.2%), from €2,133 to €1,958
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 | €22,337 | €21,543 | -€794 | -3.6% |
| Fixed assets | 21/28 | €144 | €0 | -€144 | -100% |
| Tangible fixed assets | 22/27 | €144 | €0 | -€144 | -100% |
| Plant, machinery and equipment | 23 | €144 | €0 | -€144 | -100% |
| Current assets | 29/58 | €22,193 | €21,543 | -€650 | -2.9% |
| Stocks and contracts in progress | 3 | €7,058 | €12,225 | +€5,167 | +73.2% |
| Stocks | 30/36 | €7,058 | €12,225 | +€5,167 | +73.2% |
| Amounts receivable within one year | 40/41 | €5,644 | €75 | -€5,569 | -98.7% |
| Trade receivables | 40 | €5,644 | €0 | -€5,644 | -100% |
| Other amounts receivable | 41 | €0 | €75 | +€75 | |
| Cash at bank and in hand | 54/58 | €7,927 | €7,667 | -€260 | -3.3% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,576 | +€12 | +0.7% |
| Total equity and liabilities | 10/49 | €22,337 | €21,543 | -€794 | -3.6% |
| Equity | 10/15 | €9,169 | €13,755 | +€4,587 | +50.0% |
| Contributions | 10/11 | €8,100 | €8,100 | = | 0.0% |
| Reserves | 13 | €1,069 | €5,655 | +€4,587 | +429% |
| Distributable reserves | 133 | €1,069 | €5,655 | +€4,587 | +429% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,168 | €7,787 | -€5,381 | -40.9% |
| Amounts payable within one year | 42/48 | €13,168 | €7,787 | -€5,381 | -40.9% |
| Trade debts | 44 | €10,039 | €5,929 | -€4,109 | -40.9% |
| Suppliers | 440/4 | €10,039 | €5,929 | -€4,109 | -40.9% |
| Taxes, remuneration and social security | 45 | €3,129 | €1,858 | -€1,271 | -40.6% |
| Taxes | 450/3 | €3,129 | €1,858 | -€1,271 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €144 | -€202 | -58.3% |
| Other operating charges | 640/8 | €5,357 | €4,112 | -€1,245 | -23.2% |
| Gross operating margin | 9900 | €14,355 | €12,025 | -€2,330 | -16.2% |
| Operating profit (loss) | 9901 | €8,652 | €7,769 | -€883 | -10.2% |
| Financial income | 75/76B | €0 | €21 | +€21 | +4,212% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +4,212% |
| Financial charges | 65/66B | €2,133 | €1,958 | -€175 | -8.2% |
| Recurring financial charges | 65 | €2,133 | €1,958 | -€175 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €6,520 | €5,832 | -€688 | -10.5% |
| Income taxes | 67/77 | €1,979 | €1,245 | -€734 | -37.1% |
| Profit (loss) for the period | 9904 | €4,541 | €4,587 | +€46 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,541 | €4,587 | +€46 | +1.0% |
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 26 October 2026 via checked.be.