TOON MAERIEN: what changed
TOON MAERIEN
Largest movements
- Receivables within one year +€83,411
up €83,411 (+27.6%), from €302,445 to €385,856
of which Other amounts receivable: +€78,925
- Cash +€36,262
up €36,262 (+83.4%), from €43,504 to €79,767
mainly Net result for the year (+€65,851) and Other debts (+€40,000)
- Reserves +€65,851
up €65,851 (+27.3%), from €241,139 to €306,990
of which Distributable reserves: +€65,851
- Other debts +€40,000
up €40,000 (+30.0%), from €133,500 to €173,500
- Tax, wage and social debts +€37,085
up €37,085 (+524%), from €7,072 to €44,157
- Debts after one year -€27,305
down €27,305 (-20.8%), from €131,019 to €103,713
- Taxes -€22,986
down €22,986 (-55.1%), from €41,733 to €18,748
- Gross operating margin +€22,459
up €22,459 (+30.0%), from €74,881 to €97,340
- Financial charges -€5,451
down €5,451 (-34.9%), from €15,623 to €10,172
- Staff costs +€2,141
up €2,141 (+133%), from €1,612 to €3,753
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 | €563,793 | €679,216 | +€115,423 | +20.5% |
| Fixed assets | 21/28 | €207,448 | €204,616 | -€2,832 | -1.4% |
| Tangible fixed assets | 22/27 | €15,991 | €13,159 | -€2,832 | -17.7% |
| Land and buildings | 22 | €15,150 | €12,528 | -€2,621 | -17.3% |
| Furniture and vehicles | 24 | €841 | €631 | -€210 | -25.0% |
| Financial fixed assets | 28 | €191,457 | €191,457 | = | 0.0% |
| Current assets | 29/58 | €356,345 | €474,600 | +€118,254 | +33.2% |
| Amounts receivable within one year | 40/41 | €302,445 | €385,856 | +€83,411 | +27.6% |
| Trade receivables | 40 | €4,768 | €9,255 | +€4,487 | +94.1% |
| Other amounts receivable | 41 | €297,677 | €376,602 | +€78,925 | +26.5% |
| Current investments | 50/53 | €8,516 | €8,516 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,504 | €79,767 | +€36,262 | +83.4% |
| Deferred charges and accrued income | 490/1 | €1,880 | €461 | -€1,419 | -75.5% |
| Total equity and liabilities | 10/49 | €563,793 | €679,216 | +€115,423 | +20.5% |
| Equity | 10/15 | €259,739 | €325,590 | +€65,851 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,139 | €306,990 | +€65,851 | +27.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €241,139 | €306,990 | +€65,851 | +27.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €304,054 | €353,626 | +€49,572 | +16.3% |
| Amounts payable after more than one year | 17 | €131,019 | €103,713 | -€27,305 | -20.8% |
| Financial debts | 170/4 | €131,019 | €103,713 | -€27,305 | -20.8% |
| Amounts payable within one year | 42/48 | €173,035 | €249,912 | +€76,877 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €25,963 | €27,305 | +€1,342 | +5.2% |
| Trade debts | 44 | €6,500 | €4,950 | -€1,550 | -23.8% |
| Suppliers | 440/4 | €6,500 | €4,950 | -€1,550 | -23.8% |
| Taxes, remuneration and social security | 45 | €7,072 | €44,157 | +€37,085 | +524% |
| Taxes | 450/3 | €7,072 | €44,157 | +€37,085 | +524% |
| Other amounts payable | 47/48 | €133,500 | €173,500 | +€40,000 | +30.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,612 | €3,753 | +€2,141 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,832 | €2,832 | = | 0.0% |
| Other operating charges | 640/8 | €739 | €631 | -€108 | -14.6% |
| Gross operating margin | 9900 | €74,881 | €97,340 | +€22,459 | +30.0% |
| Operating profit (loss) | 9901 | €69,699 | €90,125 | +€20,426 | +29.3% |
| Financial income | 75/76B | €4,376 | €4,646 | +€270 | +6.2% |
| Recurring financial income | 75 | €4,376 | €4,646 | +€270 | +6.2% |
| Financial charges | 65/66B | €15,623 | €10,172 | -€5,451 | -34.9% |
| Recurring financial charges | 65 | €15,623 | €10,172 | -€5,451 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €58,452 | €84,599 | +€26,147 | +44.7% |
| Income taxes | 67/77 | €41,733 | €18,748 | -€22,986 | -55.1% |
| Profit (loss) for the period | 9904 | €16,719 | €65,851 | +€49,132 | +294% |
| Profit (loss) for the period to be appropriated | 9905 | €16,719 | €65,851 | +€49,132 | +294% |
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 3 November 2026 via checked.be.