MARACK: what changed
MARACK
Largest movements
- Cash +€477
up €477 (+36.7%), from €1,301 to €1,778
mainly Other debts (+€5,231) and Tax, wage and social debts (+€1,635)
- Receivables within one year -€234
down €234 (-31.9%), from €732 to €498
- Financial fixed assets +€26
up €26 (+37.2%), from €70 to €96
- Profit (loss) carried forward -€7,124
down €7,124 (-11.4%), from -€62,731 to -€69,855
- Other debts +€5,231
up €5,231 (+12.6%), from €41,516 to €46,747
- Tax, wage and social debts +€1,635
up €1,635 (+29.1%), from €5,615 to €7,250
of which Remuneration and social security: +€884
- Trade debts +€528
up €528 (+13.2%), from €4,010 to €4,537
- Purchases and services -€31,061
no longer reported in 2025 (was €31,061)
- Turnover -€25,736
no longer reported in 2025 (was €25,736)
- Gross operating margin -€1,191
down €1,191 (-22.4%), from -€5,326 to -€6,517
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 | €2,102 | €2,371 | +€269 | +12.8% |
| Fixed assets | 21/28 | €70 | €96 | +€26 | +37.2% |
| Financial fixed assets | 28 | €70 | €96 | +€26 | +37.2% |
| Current assets | 29/58 | €2,032 | €2,276 | +€243 | +12.0% |
| Amounts receivable within one year | 40/41 | €732 | €498 | -€234 | -31.9% |
| Other amounts receivable | 41 | €732 | €498 | -€234 | -31.9% |
| Cash at bank and in hand | 54/58 | €1,301 | €1,778 | +€477 | +36.7% |
| Total equity and liabilities | 10/49 | €2,102 | €2,371 | +€269 | +12.8% |
| Equity | 10/15 | -€49,039 | -€56,164 | -€7,124 | -14.5% |
| Contributions | 10/11 | €12,850 | €12,850 | = | 0.0% |
| Capital | 10 | €12,850 | - | -€12,850 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €5,750 | - | -€5,750 | |
| Reserves | 13 | €842 | €842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €842 | - | -€842 | |
| Legal reserve | 130 | €842 | - | -€842 | |
| Distributable reserves | 133 | - | €842 | +€842 | |
| Profit (loss) carried forward | 14 | -€62,731 | -€69,855 | -€7,124 | -11.4% |
| Amounts payable | 17/49 | €51,141 | €58,535 | +€7,394 | +14.5% |
| Amounts payable within one year | 42/48 | €51,141 | €58,535 | +€7,394 | +14.5% |
| Trade debts | 44 | €4,010 | €4,537 | +€528 | +13.2% |
| Suppliers | 440/4 | €4,010 | €4,537 | +€528 | +13.2% |
| Taxes, remuneration and social security | 45 | €5,615 | €7,250 | +€1,635 | +29.1% |
| Taxes | 450/3 | €3,415 | €4,166 | +€751 | +22.0% |
| Remuneration and social security | 454/9 | €2,200 | €3,084 | +€884 | +40.2% |
| Other amounts payable | 47/48 | €41,516 | €46,747 | +€5,231 | +12.6% |
| Turnover | 70 | €25,736 | - | -€25,736 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,061 | - | -€31,061 | |
| Other operating charges | 640/8 | €403 | €400 | -€4 | -0.9% |
| Gross operating margin | 9900 | -€5,326 | -€6,517 | -€1,191 | -22.4% |
| Operating profit (loss) | 9901 | -€5,729 | -€6,916 | -€1,187 | -20.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €194 | €213 | +€20 | +10.2% |
| Recurring financial charges | 65 | €194 | €213 | +€20 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,923 | -€7,124 | -€1,201 | -20.3% |
| Profit (loss) for the period | 9904 | -€5,923 | -€7,124 | -€1,201 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,923 | -€7,124 | -€1,201 | -20.3% |
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.