So Maribel: 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.
So Maribel
Largest movements
- Receivables within one year +€45,899
up €45,899 (+465.8%), from €9,854 to €55,753
of which Trade receivables: +€36,775
- Tangible fixed assets +€24,250
new in 2025: €24,250
of which Plant, machinery and equipment: +€18,500
- Cash +€8,189
up €8,189 (+59.2%), from €13,824 to €22,013
mainly Net result for the year (+€39,091) and Trade debts (+€38,208)
- Profit (loss) carried forward +€39,091
up €39,091 (+186.7%), from €20,942 to €60,032
- Trade debts +€38,208
up €38,208 (+946.8%), from €4,036 to €42,244
- Gross operating margin +€29,934
up €29,934 (+102.1%), from €29,323 to €59,257
- Purchases and services +€14,895
up €14,895 (+19.6%), from €76,067 to €90,962
- Staff costs +€9,549
up €9,549 (+145.3%), from €6,573 to €16,123
- Depreciation +€2,465
up €2,465 (+359.7%), from €685 to €3,150
- Financial charges -€1,054
down €1,054 (-93.9%), from €1,122 to €69
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 | €29,978 | €108,316 | +€78,338 | +261.3% |
| Fixed assets | 21/28 | €6,300 | €30,550 | +€24,250 | +384.9% |
| Tangible fixed assets | 22/27 | - | €24,250 | +€24,250 | |
| Plant, machinery and equipment | 23 | - | €18,500 | +€18,500 | |
| Furniture and vehicles | 24 | - | €5,750 | +€5,750 | |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €23,678 | €77,766 | +€54,088 | +228.4% |
| Amounts receivable within one year | 40/41 | €9,854 | €55,753 | +€45,899 | +465.8% |
| Trade receivables | 40 | €8,864 | €45,639 | +€36,775 | +414.9% |
| Other amounts receivable | 41 | €991 | €10,114 | +€9,124 | +921.0% |
| Cash at bank and in hand | 54/58 | €13,824 | €22,013 | +€8,189 | +59.2% |
| Total equity and liabilities | 10/49 | €29,978 | €108,316 | +€78,338 | +261.3% |
| Equity | 10/15 | €20,942 | €60,032 | +€39,091 | +186.7% |
| Profit (loss) carried forward | 14 | €20,942 | €60,032 | +€39,091 | +186.7% |
| Amounts payable | 17/49 | €9,037 | €48,284 | +€39,247 | +434.3% |
| Amounts payable within one year | 42/48 | €9,037 | €48,284 | +€39,247 | +434.3% |
| Trade debts | 44 | €4,036 | €42,244 | +€38,208 | +946.8% |
| Suppliers | 440/4 | €4,036 | €42,244 | +€38,208 | +946.8% |
| Advances received on contracts in progress | 46 | - | €800 | +€800 | |
| Taxes, remuneration and social security | 45 | €5,001 | €5,240 | +€239 | +4.8% |
| Taxes | 450/3 | €1,937 | €3,756 | +€1,818 | +93.8% |
| Remuneration and social security | 454/9 | €3,064 | €1,485 | -€1,579 | -51.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €76,067 | €90,962 | +€14,895 | +19.6% |
| Remuneration, social security and pensions | 62 | €6,573 | €16,123 | +€9,549 | +145.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | €3,150 | +€2,465 | +359.7% |
| Other operating charges | 640/8 | - | €825 | +€825 | |
| Gross operating margin | 9900 | €29,323 | €59,257 | +€29,934 | +102.1% |
| Operating profit (loss) | 9901 | €22,064 | €39,159 | +€17,095 | +77.5% |
| Financial charges | 65/66B | €1,122 | €69 | -€1,054 | -93.9% |
| Recurring financial charges | 65 | €1,122 | €69 | -€1,054 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €20,942 | €39,091 | +€18,149 | +86.7% |
| Profit (loss) for the period | 9904 | €20,942 | €39,091 | +€18,149 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,942 | €39,091 | +€18,149 | +86.7% |
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 4 October 2026 via checked.be.