BR MARCOM: 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.
BR MARCOM
Largest movements
- Cash +€28,964
up €28,964 (+35.7%), from €81,128 to €110,093
mainly Other debts (+€88,083) and Net result for the year (+€36,067)
- Tangible fixed assets -€3,414
down €3,414 (-37.8%), from €9,043 to €5,628
- Other debts +€88,083
up €88,083 (+1149.7%), from €7,662 to €95,744
- Profit (loss) carried forward -€58,696
down €58,696 (-100.0%), from €58,696 to €0
- Trade debts -€2,236
down €2,236 (-58.0%), from €3,857 to €1,621
- Gross operating margin +€12,481
up €12,481 (+27.9%), from €44,698 to €57,179
- Taxes +€2,823
up €2,823 (+19.8%), from €14,271 to €17,094
- Financial income -€885
down €885 (-96.9%), from €914 to €29
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 | €104,710 | €131,312 | +€26,602 | +25.4% |
| Fixed assets | 21/28 | €9,043 | €5,628 | -€3,414 | -37.8% |
| Tangible fixed assets | 22/27 | €9,043 | €5,628 | -€3,414 | -37.8% |
| Furniture and vehicles | 24 | €9,043 | €5,628 | -€3,414 | -37.8% |
| Current assets | 29/58 | €95,667 | €125,683 | +€30,016 | +31.4% |
| Amounts receivable within one year | 40/41 | €14,331 | €15,291 | +€960 | +6.7% |
| Trade receivables | 40 | €14,266 | €15,226 | +€960 | +6.7% |
| Other amounts receivable | 41 | €65 | €65 | = | 0.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €81,128 | €110,093 | +€28,964 | +35.7% |
| Deferred charges and accrued income | 490/1 | €208 | €300 | +€92 | +44.4% |
| Total equity and liabilities | 10/49 | €104,710 | €131,312 | +€26,602 | +25.4% |
| Equity | 10/15 | €77,296 | €18,600 | -€58,696 | -75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,696 | €0 | -€58,696 | -100.0% |
| Amounts payable | 17/49 | €27,414 | €112,712 | +€85,297 | +311.1% |
| Amounts payable within one year | 42/48 | €20,373 | €105,366 | +€84,993 | +417.2% |
| Trade debts | 44 | €3,857 | €1,621 | -€2,236 | -58.0% |
| Suppliers | 440/4 | €3,857 | €1,621 | -€2,236 | -58.0% |
| Taxes, remuneration and social security | 45 | €8,855 | €8,000 | -€854 | -9.6% |
| Taxes | 450/3 | €8,855 | €8,000 | -€854 | -9.6% |
| Other amounts payable | 47/48 | €7,662 | €95,744 | +€88,083 | +1149.7% |
| Accrued charges and deferred income | 492/3 | €7,041 | €7,346 | +€305 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,445 | €3,414 | -€30 | -0.9% |
| Other operating charges | 640/8 | €308 | €419 | +€112 | +36.3% |
| Gross operating margin | 9900 | €44,698 | €57,179 | +€12,481 | +27.9% |
| Operating profit (loss) | 9901 | €40,946 | €53,345 | +€12,399 | +30.3% |
| Financial income | 75/76B | €914 | €29 | -€885 | -96.9% |
| Recurring financial income | 75 | €914 | €29 | -€885 | -96.9% |
| Financial charges | 65/66B | €190 | €213 | +€23 | +12.2% |
| Recurring financial charges | 65 | €190 | €213 | +€23 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €41,669 | €53,161 | +€11,491 | +27.6% |
| Income taxes | 67/77 | €14,271 | €17,094 | +€2,823 | +19.8% |
| Profit (loss) for the period | 9904 | €27,398 | €36,067 | +€8,668 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,398 | €36,067 | +€8,668 | +31.6% |
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.