De Markgraaf: 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.
What changed
De Markgraaf
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€303,832
2023 · -€870,106+€566,274
Equity
-€7.8m
2023 · -€7.5m-€303,832
Cash
€780
2023 · €7,389-€6,609
Balance sheet total
€10.2m
2023 · €11.0m-€753,212
Largest movements
Assets
- Receivables within one year -€431,720
down €431,720 (-84.1%), from €513,537 to €81,817
of which Trade receivables: -€431,720
- Tangible fixed assets -€321,402
down €321,402 (-3.1%), from €10.4m to €10.1m
Equity and liabilities
- Short-term financial debts -€1.9m
down €1.9m (-30.6%), from €6.2m to €4.3m
- Other debts +€1.5m
up €1.5m (+28.1%), from €5.3m to €6.8m
- Profit (loss) carried forward -€303,832
down €303,832 (-2.7%), from -€11.2m to -€11.5m
Income statement
- Gross operating margin +€509,519
up €509,519, from -€102,696 to €406,823
- Financial charges -€42,102
down €42,102 (-14.2%), from €296,103 to €254,001
From the 2023 result to the 2024 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.
Result 2023
-€870,106
Gross operating margin
+€509,519
Depreciation
+€1,203
Other operating charges
-€2,517
Other operating items
+€16,080
Financial income
-€113
Financial charges
+€42,102
Result 2024
-€303,832
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.0m
Investment
-€104,536
Financing
-€1.9m
Cash 2023
€7,389
From operations (derived)
+€2.0m
Net result for the year
-€303,832
Depreciation
+€425,939
Receivables within one year
+€431,720
Deferred charges and accrued income
-€6,519
Trade debts
-€65,621
Tax, wage and social debts
+€29,408
Other debts
+€1.5m
Investment (derived)
-€104,536
Investment in fixed assets (net)
-€104,536
Financing
-€1.9m
Short-term financial debts
-€1.9m
Cash 2024
€780
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,951,650 | €10,198,438 | -€753,212 | -6.9% |
| Fixed assets | 21/28 | €10,430,724 | €10,109,322 | -€321,402 | -3.1% |
| Tangible fixed assets | 22/27 | €10,380,441 | €10,059,039 | -€321,402 | -3.1% |
| Land and buildings | 22 | €9,641,736 | €9,499,206 | -€142,530 | -1.5% |
| Plant, machinery and equipment | 23 | €534,115 | €383,059 | -€151,056 | -28.3% |
| Furniture and vehicles | 24 | €204,590 | €176,774 | -€27,816 | -13.6% |
| Financial fixed assets | 28 | €50,283 | €50,283 | = | 0.0% |
| Current assets | 29/58 | €520,926 | €89,116 | -€431,810 | -82.9% |
| Amounts receivable within one year | 40/41 | €513,537 | €81,817 | -€431,720 | -84.1% |
| Trade receivables | 40 | €513,500 | €81,780 | -€431,720 | -84.1% |
| Other amounts receivable | 41 | €37 | €37 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,389 | €780 | -€6,609 | -89.4% |
| Deferred charges and accrued income | 490/1 | €0 | €6,519 | +€6,519 | |
| Total equity and liabilities | 10/49 | €10,951,650 | €10,198,438 | -€753,212 | -6.9% |
| Equity | 10/15 | -€7,493,989 | -€7,797,820 | -€303,832 | -4.1% |
| Contributions | 10/11 | €3,718,403 | €3,718,403 | = | 0.0% |
| Capital | 10 | €3,718,403 | €3,718,403 | = | 0.0% |
| Issued capital | 100 | €3,718,403 | €3,718,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,212,391 | -€11,516,223 | -€303,832 | -2.7% |
| Amounts payable | 17/49 | €18,445,639 | €17,996,258 | -€449,381 | -2.4% |
| Amounts payable after more than one year | 17 | €6,705,000 | €6,705,000 | = | 0.0% |
| Financial debts | 170/4 | €6,705,000 | €6,705,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,740,639 | €11,291,258 | -€449,381 | -3.8% |
| Financial debts | 43 | €6,200,000 | €4,300,015 | -€1.9m | -30.6% |
| Credit institutions | 430/8 | €6,200,000 | €4,300,015 | -€1.9m | -30.6% |
| Trade debts | 44 | €192,898 | €127,278 | -€65,621 | -34.0% |
| Suppliers | 440/4 | €192,898 | €127,278 | -€65,621 | -34.0% |
| Taxes, remuneration and social security | 45 | €47,886 | €77,295 | +€29,408 | +61.4% |
| Taxes | 450/3 | €47,886 | €77,295 | +€29,408 | +61.4% |
| Other amounts payable | 47/48 | €5,299,855 | €6,786,671 | +€1.5m | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427,142 | €425,939 | -€1,203 | -0.3% |
| Other operating charges | 640/8 | €28,207 | €30,724 | +€2,517 | +8.9% |
| Non-recurring operating charges | 66A | €16,080 | €0 | -€16,080 | -100.0% |
| Gross operating margin | 9900 | -€102,696 | €406,823 | +€509,519 | |
| Operating profit (loss) | 9901 | -€574,125 | -€49,840 | +€524,285 | +91.3% |
| Financial income | 75/76B | €123 | €9 | -€113 | -92.4% |
| Recurring financial income | 75 | €123 | €9 | -€113 | -92.4% |
| Financial charges | 65/66B | €296,103 | €254,001 | -€42,102 | -14.2% |
| Recurring financial charges | 65 | €296,103 | €254,001 | -€42,102 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€870,106 | -€303,832 | +€566,274 | +65.1% |
| Profit (loss) for the period | 9904 | -€870,106 | -€303,832 | +€566,274 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€870,106 | -€303,832 | +€566,274 | +65.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.