Menuiserie MARAFAO: what changed
Menuiserie MARAFAO
Largest movements
- Receivables within one year -€2,389
down €2,389 (-22.6%), from €10,557 to €8,168
of which Trade receivables: -€3,491
- Deferred charges and accrued income -€439
down €439 (-24.9%), from €1,767 to €1,327
- Profit (loss) carried forward -€48,463
down €48,463 (-109%), from -€44,535 to -€92,998
- Other debts +€35,833
up €35,833 (+107%), from €33,417 to €69,250
- Tax, wage and social debts +€14,101
up €14,101 (+7,994%), from €176 to €14,277
of which Remuneration and social security: +€14,095
- Trade debts -€6,222
down €6,222 (-85.5%), from €7,278 to €1,056
- Accrued charges and deferred income +€1,807
new in 2025: €1,807
- Gross operating margin -€5,208
down €5,208 (-13.4%), from -€38,961 to -€44,169
- Other operating charges -€1,888
down €1,888 (-59.7%), from €3,163 to €1,276
- Depreciation +€586
up €586 (+28.3%), from €2,073 to €2,659
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,336 | €23,392 | -€2,944 | -11.2% |
| Fixed assets | 21/28 | €13,856 | €13,836 | -€19 | -0.1% |
| Tangible fixed assets | 22/27 | €13,669 | €13,649 | -€19 | -0.1% |
| Plant, machinery and equipment | 23 | €7,394 | €5,576 | -€1,818 | -24.6% |
| Furniture and vehicles | 24 | - | €2,477 | +€2,477 | |
| Other tangible fixed assets | 26 | €6,274 | €5,596 | -€679 | -10.8% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €12,481 | €9,556 | -€2,925 | -23.4% |
| Amounts receivable within one year | 40/41 | €10,557 | €8,168 | -€2,389 | -22.6% |
| Trade receivables | 40 | €7,555 | €4,064 | -€3,491 | -46.2% |
| Other amounts receivable | 41 | €3,002 | €4,104 | +€1,102 | +36.7% |
| Cash at bank and in hand | 54/58 | €157 | €60 | -€97 | -61.7% |
| Deferred charges and accrued income | 490/1 | €1,767 | €1,327 | -€439 | -24.9% |
| Total equity and liabilities | 10/49 | €26,336 | €23,392 | -€2,944 | -11.2% |
| Equity | 10/15 | -€14,535 | -€62,998 | -€48,463 | -333% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,535 | -€92,998 | -€48,463 | -109% |
| Amounts payable | 17/49 | €40,871 | €86,390 | +€45,519 | +111% |
| Amounts payable within one year | 42/48 | €40,871 | €84,582 | +€43,712 | +107% |
| Trade debts | 44 | €7,278 | €1,056 | -€6,222 | -85.5% |
| Suppliers | 440/4 | €7,278 | €1,056 | -€6,222 | -85.5% |
| Taxes, remuneration and social security | 45 | €176 | €14,277 | +€14,101 | +7,994% |
| Taxes | 450/3 | €176 | €182 | +€6 | +3.1% |
| Remuneration and social security | 454/9 | - | €14,095 | +€14,095 | |
| Other amounts payable | 47/48 | €33,417 | €69,250 | +€35,833 | +107% |
| Accrued charges and deferred income | 492/3 | - | €1,807 | +€1,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,073 | €2,659 | +€586 | +28.3% |
| Other operating charges | 640/8 | €3,163 | €1,276 | -€1,888 | -59.7% |
| Gross operating margin | 9900 | -€38,961 | -€44,169 | -€5,208 | -13.4% |
| Operating profit (loss) | 9901 | -€44,197 | -€48,104 | -€3,907 | -8.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €167 | €184 | +€17 | +10.2% |
| Recurring financial charges | 65 | €167 | €184 | +€17 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,364 | -€48,287 | -€3,923 | -8.8% |
| Income taxes | 67/77 | €170 | €176 | +€6 | +3.3% |
| Profit (loss) for the period | 9904 | -€44,535 | -€48,463 | -€3,928 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,535 | -€48,463 | -€3,928 | -8.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.