AS Mark€t: what changed
Two financial 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.
AS Mark€t
Largest movements
- Stocks and contracts +€33,581
up €33,581 (+13.0%), from €258,139 to €291,720
- Cash -€14,047
down €14,047 (-79.5%), from €17,666 to €3,619
mainly Stocks and contracts (-€33,581) and Trade debts (-€11,895)
- Tangible fixed assets -€9,099
down €9,099 (-36.4%), from €24,990 to €15,891
of which Plant, machinery and equipment: -€6,087
- Trade debts -€11,895
down €11,895 (-13.6%), from €87,222 to €75,327
- Profit (loss) carried forward +€10,049
up €10,049 (+212%), from €4,750 to €14,799
- Tax, wage and social debts +€9,898
up €9,898 (+40.5%), from €24,469 to €34,367
of which Taxes: +€7,495
- Staff costs -€11,290
down €11,290 (-11.6%), from €97,747 to €86,457
- Gross operating margin +€5,726
up €5,726 (+5.2%), from €110,842 to €116,567
- Financial charges +€3,800
up €3,800 (+57.4%), from €6,621 to €10,420
- Depreciation -€1,480
down €1,480 (-13.2%), from €11,219 to €9,739
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.
Derived cash bridge
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 | €356,473 | €366,413 | +€9,939 | +2.8% |
| Fixed assets | 21/28 | €29,690 | €20,591 | -€9,099 | -30.6% |
| Tangible fixed assets | 22/27 | €24,990 | €15,891 | -€9,099 | -36.4% |
| Plant, machinery and equipment | 23 | €15,245 | €9,159 | -€6,087 | -39.9% |
| Furniture and vehicles | 24 | €9,745 | €6,124 | -€3,621 | -37.2% |
| Other tangible fixed assets | 26 | - | €609 | +€609 | |
| Financial fixed assets | 28 | €4,700 | €4,700 | = | 0.0% |
| Current assets | 29/58 | €326,783 | €345,822 | +€19,039 | +5.8% |
| Stocks and contracts in progress | 3 | €258,139 | €291,720 | +€33,581 | +13.0% |
| Stocks | 30/36 | €258,139 | €291,720 | +€33,581 | +13.0% |
| Amounts receivable within one year | 40/41 | €48,856 | €48,220 | -€636 | -1.3% |
| Trade receivables | 40 | €48,856 | €48,220 | -€636 | -1.3% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €17,666 | €3,619 | -€14,047 | -79.5% |
| Deferred charges and accrued income | 490/1 | €2,122 | €2,263 | +€141 | +6.6% |
| Total equity and liabilities | 10/49 | €356,473 | €366,413 | +€9,939 | +2.8% |
| Equity | 10/15 | €154,750 | €164,799 | +€10,049 | +6.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,750 | €14,799 | +€10,049 | +212% |
| Amounts payable | 17/49 | €201,724 | €201,614 | -€110 | -0.1% |
| Amounts payable within one year | 42/48 | €201,724 | €201,614 | -€110 | -0.1% |
| Financial debts | 43 | €90,000 | €91,000 | +€1,000 | +1.1% |
| Credit institutions | 430/8 | €90,000 | €91,000 | +€1,000 | +1.1% |
| Trade debts | 44 | €87,222 | €75,327 | -€11,895 | -13.6% |
| Suppliers | 440/4 | €87,222 | €75,327 | -€11,895 | -13.6% |
| Taxes, remuneration and social security | 45 | €24,469 | €34,367 | +€9,898 | +40.5% |
| Taxes | 450/3 | €15,405 | €22,900 | +€7,495 | +48.7% |
| Remuneration and social security | 454/9 | €9,064 | €11,467 | +€2,403 | +26.5% |
| Other amounts payable | 47/48 | €33 | €920 | +€887 | +2,714% |
| Remuneration, social security and pensions | 62 | €97,747 | €86,457 | -€11,290 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,219 | €9,739 | -€1,480 | -13.2% |
| Other operating charges | 640/8 | €108 | - | -€108 | |
| Gross operating margin | 9900 | €110,842 | €116,567 | +€5,726 | +5.2% |
| Operating profit (loss) | 9901 | €1,767 | €20,371 | +€18,604 | +1,053% |
| Financial income | 75/76B | €127 | €99 | -€28 | -22.2% |
| Recurring financial income | 75 | €127 | €99 | -€28 | -22.2% |
| Financial charges | 65/66B | €6,621 | €10,420 | +€3,800 | +57.4% |
| Recurring financial charges | 65 | €6,621 | €10,420 | +€3,800 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,727 | €10,049 | +€14,776 | |
| Profit (loss) for the period | 9904 | -€4,727 | €10,049 | +€14,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,727 | €10,049 | +€14,776 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.