Het Marktje: 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.
Het Marktje
Largest movements
- Cash +€75,614
up €75,614 (+161.4%), from €46,863 to €122,477
mainly Net result for the year (+€30,846) and Depreciation (+€24,073)
- Tangible fixed assets -€28,342
down €28,342 (-33.8%), from €83,949 to €55,608
of which Furniture and vehicles: -€17,974
- Current investments -€19,081
down €19,081 (-32.5%), from €58,642 to €39,561
- Receivables within one year -€4,273
down €4,273 (-79.4%), from €5,378 to €1,105
of which Other amounts receivable: -€4,398
- Deferred charges and accrued income +€2,888
up €2,888 (+56.5%), from €5,111 to €7,999
- Reserves +€30,301
up €30,301 (+2720.5%), from €1,114 to €31,415
of which Distributable reserves: +€30,000
- Current portion of long-term debt -€8,332
down €8,332 (-66.4%), from €12,549 to €4,217
- Other debts +€4,746
up €4,746 (+15.9%), from €29,849 to €34,596
- Debts after one year -€4,217
down €4,217 (-100.0%), from €4,217 to €0
- Gross operating margin +€41,179
up €41,179 (+134.7%), from €30,576 to €71,755
- Taxes +€15,336
up €15,336 (+996.5%), from €1,539 to €16,875
- Financial income +€6,947
up €6,947 (+26314.5%), from €26 to €6,973
- Depreciation +€964
up €964 (+4.2%), from €23,109 to €24,073
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 | €207,844 | €232,882 | +€25,037 | +12.0% |
| Fixed assets | 21/28 | €83,999 | €55,658 | -€28,342 | -33.7% |
| Tangible fixed assets | 22/27 | €83,949 | €55,608 | -€28,342 | -33.8% |
| Land and buildings | 22 | €2,020 | €1,189 | -€831 | -41.1% |
| Plant, machinery and equipment | 23 | €29,308 | €24,100 | -€5,208 | -17.8% |
| Furniture and vehicles | 24 | €39,005 | €21,031 | -€17,974 | -46.1% |
| Other tangible fixed assets | 26 | €13,616 | €9,288 | -€4,328 | -31.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €123,845 | €177,224 | +€53,379 | +43.1% |
| Stocks and contracts in progress | 3 | €7,851 | €6,082 | -€1,769 | -22.5% |
| Stocks | 30/36 | €7,851 | €6,082 | -€1,769 | -22.5% |
| Amounts receivable within one year | 40/41 | €5,378 | €1,105 | -€4,273 | -79.4% |
| Trade receivables | 40 | €170 | €295 | +€125 | +73.5% |
| Other amounts receivable | 41 | €5,208 | €810 | -€4,398 | -84.4% |
| Current investments | 50/53 | €58,642 | €39,561 | -€19,081 | -32.5% |
| Cash at bank and in hand | 54/58 | €46,863 | €122,477 | +€75,614 | +161.4% |
| Deferred charges and accrued income | 490/1 | €5,111 | €7,999 | +€2,888 | +56.5% |
| Total equity and liabilities | 10/49 | €207,844 | €232,882 | +€25,037 | +12.0% |
| Equity | 10/15 | €32,178 | €63,024 | +€30,846 | +95.9% |
| Reserves | 13 | €1,114 | €31,415 | +€30,301 | +2720.5% |
| Tax-exempt reserves | 132 | €589 | €890 | +€301 | +51.1% |
| Distributable reserves | 133 | €525 | €30,525 | +€30,000 | +5718.1% |
| Profit (loss) carried forward | 14 | €31,064 | €31,609 | +€545 | +1.8% |
| Provisions and deferred taxes | 16 | €118,410 | €118,410 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €118,410 | €118,410 | = | 0.0% |
| Pensions and similar obligations | 160 | €118,410 | €118,410 | = | 0.0% |
| Amounts payable | 17/49 | €57,256 | €51,448 | -€5,809 | -10.1% |
| Amounts payable after more than one year | 17 | €4,217 | €0 | -€4,217 | -100.0% |
| Financial debts | 170/4 | €4,217 | €0 | -€4,217 | -100.0% |
| Amounts payable within one year | 42/48 | €53,040 | €51,448 | -€1,592 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €12,549 | €4,217 | -€8,332 | -66.4% |
| Trade debts | 44 | €6,968 | €7,678 | +€711 | +10.2% |
| Suppliers | 440/4 | €6,968 | €7,678 | +€711 | +10.2% |
| Taxes, remuneration and social security | 45 | €3,674 | €4,957 | +€1,283 | +34.9% |
| Taxes | 450/3 | €3,674 | €4,957 | +€1,283 | +34.9% |
| Other amounts payable | 47/48 | €29,849 | €34,596 | +€4,746 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,109 | €24,073 | +€964 | +4.2% |
| Other operating charges | 640/8 | €1,476 | €1,762 | +€286 | +19.4% |
| Gross operating margin | 9900 | €30,576 | €71,755 | +€41,179 | +134.7% |
| Operating profit (loss) | 9901 | €5,991 | €45,920 | +€39,929 | +666.5% |
| Financial income | 75/76B | €26 | €6,973 | +€6,947 | +26314.5% |
| Recurring financial income | 75 | €26 | €6,973 | +€6,947 | +26314.5% |
| Financial charges | 65/66B | €4,559 | €5,173 | +€614 | +13.5% |
| Recurring financial charges | 65 | €4,559 | €5,173 | +€614 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,459 | €47,721 | +€46,262 | +3171.7% |
| Income taxes | 67/77 | €1,539 | €16,875 | +€15,336 | +996.5% |
| Profit (loss) for the period | 9904 | -€80 | €30,846 | +€30,926 | |
| Transfer to tax-exempt reserves | 689 | €291 | €301 | +€10 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€372 | €30,545 | +€30,916 |
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 9 October 2026 via checked.be.