MDC MARONA: 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.
MDC MARONA
Largest movements
- Cash +€209,798
up €209,798 (+66.3%), from €316,615 to €526,413
mainly Current investments (+€125,000) and Net result for the year (+€95,537)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Reserves +€95,537
up €95,537 (+24.1%), from €396,156 to €491,692
- Debts after one year -€13,333
down €13,333 (-85.7%), from €15,556 to €2,222
- Tax, wage and social debts +€8,285
up €8,285 (+28.9%), from €28,647 to €36,932
of which Taxes: +€6,735
- Financial income +€7,330
up €7,330 (+428%), from €1,711 to €9,041
- Taxes +€3,920
up €3,920 (+9.3%), from €42,013 to €45,933
- Gross operating margin +€2,445
up €2,445 (+1.8%), from €137,151 to €139,596
- Depreciation -€2,174
down €2,174 (-40.0%), from €5,440 to €3,267
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 | €505,254 | €590,938 | +€85,684 | +17.0% |
| Fixed assets | 21/28 | €8,962 | €5,695 | -€3,267 | -36.4% |
| Intangible fixed assets | 21 | €599 | €399 | -€200 | -33.4% |
| Tangible fixed assets | 22/27 | €8,363 | €5,296 | -€3,067 | -36.7% |
| Land and buildings | 22 | €714 | €501 | -€213 | -29.8% |
| Plant, machinery and equipment | 23 | €3,262 | €1,629 | -€1,633 | -50.1% |
| Furniture and vehicles | 24 | €4,387 | €3,167 | -€1,221 | -27.8% |
| Current assets | 29/58 | €496,292 | €585,243 | +€88,950 | +17.9% |
| Stocks and contracts in progress | 3 | €52,901 | €55,235 | +€2,334 | +4.4% |
| Stocks | 30/36 | €52,901 | €55,235 | +€2,334 | +4.4% |
| Amounts receivable within one year | 40/41 | - | €1,724 | +€1,724 | |
| Trade receivables | 40 | - | €1,724 | +€1,724 | |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €316,615 | €526,413 | +€209,798 | +66.3% |
| Deferred charges and accrued income | 490/1 | €1,777 | €1,870 | +€94 | +5.3% |
| Total equity and liabilities | 10/49 | €505,254 | €590,938 | +€85,684 | +17.0% |
| Equity | 10/15 | €436,156 | €531,692 | +€95,537 | +21.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €396,156 | €491,692 | +€95,537 | +24.1% |
| Distributable reserves | 133 | €396,156 | €491,692 | +€95,537 | +24.1% |
| Amounts payable | 17/49 | €69,099 | €59,246 | -€9,853 | -14.3% |
| Amounts payable after more than one year | 17 | €15,556 | €2,222 | -€13,333 | -85.7% |
| Financial debts | 170/4 | €15,556 | €2,222 | -€13,333 | -85.7% |
| Amounts payable within one year | 42/48 | €53,374 | €56,851 | +€3,477 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | €8,173 | €3,136 | -€5,036 | -61.6% |
| Suppliers | 440/4 | €8,173 | €3,136 | -€5,036 | -61.6% |
| Taxes, remuneration and social security | 45 | €28,647 | €36,932 | +€8,285 | +28.9% |
| Taxes | 450/3 | €27,297 | €34,032 | +€6,735 | +24.7% |
| Remuneration and social security | 454/9 | €1,350 | €2,900 | +€1,550 | +115% |
| Other amounts payable | 47/48 | €3,221 | €3,450 | +€229 | +7.1% |
| Accrued charges and deferred income | 492/3 | €169 | €172 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,440 | €3,267 | -€2,174 | -40.0% |
| Other operating charges | 640/8 | €2,374 | €2,581 | +€207 | +8.7% |
| Gross operating margin | 9900 | €137,151 | €139,596 | +€2,445 | +1.8% |
| Operating profit (loss) | 9901 | €129,337 | €133,749 | +€4,412 | +3.4% |
| Financial income | 75/76B | €1,711 | €9,041 | +€7,330 | +428% |
| Recurring financial income | 75 | €1,711 | €9,041 | +€7,330 | +428% |
| Financial charges | 65/66B | €1,780 | €1,320 | -€461 | -25.9% |
| Recurring financial charges | 65 | €1,780 | €1,320 | -€461 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €129,267 | €141,469 | +€12,202 | +9.4% |
| Income taxes | 67/77 | €42,013 | €45,933 | +€3,920 | +9.3% |
| Profit (loss) for the period | 9904 | €87,254 | €95,537 | +€8,282 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,254 | €95,537 | +€8,282 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.