MARAKIND: 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.
MARAKIND
Largest movements
- Receivables within one year -€27,115
down €27,115 (-87.6%), from €30,938 to €3,824
of which Trade receivables: -€27,715
- Debts after one year -€27,000
down €27,000 (-1.9%), from €1.4m to €1.4m
- Turnover -€58,786
no longer reported in 2025 (was €58,786)
- Gross operating margin -€41,802
down €41,802 (-92.3%), from €45,273 to €3,470
- Purchases and services -€40,239
no longer reported in 2025 (was €40,239)
- Depreciation -€680
down €680 (-41.5%), from €1,640 to €960
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 | €2,226,527 | €2,193,325 | -€33,203 | -1.5% |
| Fixed assets | 21/28 | €2,160,075 | €2,159,116 | -€960 | 0.0% |
| Tangible fixed assets | 22/27 | €2,160,075 | €2,159,116 | -€960 | 0.0% |
| Land and buildings | 22 | €1,380,482 | €1,380,482 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,446 | €487 | -€960 | -66.3% |
| Other tangible fixed assets | 26 | €778,147 | €778,147 | = | 0.0% |
| Current assets | 29/58 | €66,452 | €34,209 | -€32,243 | -48.5% |
| Amounts receivable within one year | 40/41 | €30,938 | €3,824 | -€27,115 | -87.6% |
| Trade receivables | 40 | €30,921 | €3,206 | -€27,715 | -89.6% |
| Other amounts receivable | 41 | €17 | €617 | +€600 | +3456.2% |
| Cash at bank and in hand | 54/58 | €35,514 | €30,385 | -€5,128 | -14.4% |
| Total equity and liabilities | 10/49 | €2,226,527 | €2,193,325 | -€33,203 | -1.5% |
| Equity | 10/15 | €826,906 | €822,564 | -€4,342 | -0.5% |
| Contributions | 10/11 | €800,009 | €800,009 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Outside capital | 11 | €9 | €9 | = | 0.0% |
| Share premium | 1100/10 | €9 | €9 | = | 0.0% |
| Reserves | 13 | €26,896 | €26,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,896 | €26,896 | = | 0.0% |
| Legal reserve | 130 | €26,896 | €26,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,342 | -€4,342 | |
| Amounts payable | 17/49 | €1,399,622 | €1,370,760 | -€28,861 | -2.1% |
| Amounts payable after more than one year | 17 | €1,395,000 | €1,368,000 | -€27,000 | -1.9% |
| Other amounts payable | 178/9 | €1,395,000 | €1,368,000 | -€27,000 | -1.9% |
| Amounts payable within one year | 42/48 | €4,622 | €2,760 | -€1,861 | -40.3% |
| Trade debts | 44 | €2,586 | €2,576 | -€10 | -0.4% |
| Suppliers | 440/4 | €2,586 | €2,576 | -€10 | -0.4% |
| Taxes, remuneration and social security | 45 | €2,036 | €184 | -€1,851 | -91.0% |
| Taxes | 450/3 | €2,036 | €184 | -€1,851 | -91.0% |
| Turnover | 70 | €58,786 | - | -€58,786 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,239 | - | -€40,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,640 | €960 | -€680 | -41.5% |
| Other operating charges | 640/8 | €6,476 | €6,589 | +€114 | +1.8% |
| Gross operating margin | 9900 | €45,273 | €3,470 | -€41,802 | -92.3% |
| Operating profit (loss) | 9901 | €37,157 | -€4,079 | -€41,236 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +200.0% |
| Financial charges | 65/66B | €364 | €264 | -€101 | -27.7% |
| Recurring financial charges | 65 | €364 | €264 | -€101 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €36,793 | -€4,342 | -€41,135 | |
| Income taxes | 67/77 | €582 | €0 | -€582 | -100.0% |
| Profit (loss) for the period | 9904 | €36,211 | -€4,342 | -€40,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,211 | -€4,342 | -€40,553 |
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 7 October 2026 via checked.be.