Mar&Co: 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.
Mar&Co
Largest movements
- Intangible fixed assets -€12,381
down €12,381 (-18.8%), from €66,031 to €53,650
- Receivables within one year +€6,298
up €6,298 (+181.9%), from €3,463 to €9,760
of which Other amounts receivable: +€5,619
- Stocks and contracts +€3,209
up €3,209 (+20.0%), from €16,045 to €19,254
- Tangible fixed assets +€2,460
up €2,460 (+295.2%), from €833 to €3,293
of which Plant, machinery and equipment: +€3,293
- Debts after one year -€18,592
down €18,592 (-74.8%), from €24,868 to €6,276
- Reserves +€8,703
up €8,703 (+44.1%), from €19,720 to €28,423
- Other debts +€7,200
up €7,200 (+21.3%), from €33,786 to €40,987
- Current portion of long-term debt +€2,772
up €2,772 (+13.1%), from €21,133 to €23,905
- Trade debts -€2,207
down €2,207 (-35.7%), from €6,183 to €3,976
- Staff costs +€15,163
up €15,163 (+51.8%), from €29,278 to €44,441
- Depreciation -€3,865
down €3,865 (-22.2%), from €17,381 to €13,516
- Taxes -€2,688
down €2,688 (-42.2%), from €6,370 to €3,682
- Financial charges -€1,836
down €1,836 (-39.9%), from €4,606 to €2,770
of which Financial charges: -€1,836
- Gross operating margin +€1,435
up €1,435 (+1.9%), from €74,227 to €75,663
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 | €124,897 | €123,721 | -€1,175 | -0.9% |
| Fixed assets | 21/28 | €66,864 | €56,943 | -€9,921 | -14.8% |
| Intangible fixed assets | 21 | €66,031 | €53,650 | -€12,381 | -18.8% |
| Tangible fixed assets | 22/27 | €833 | €3,293 | +€2,460 | +295.2% |
| Plant, machinery and equipment | 23 | - | €3,293 | +€3,293 | |
| Furniture and vehicles | 24 | €833 | €0 | -€833 | -100.0% |
| Current assets | 29/58 | €58,032 | €66,778 | +€8,746 | +15.1% |
| Stocks and contracts in progress | 3 | €16,045 | €19,254 | +€3,209 | +20.0% |
| Stocks | 30/36 | €16,045 | €19,254 | +€3,209 | +20.0% |
| Amounts receivable within one year | 40/41 | €3,463 | €9,760 | +€6,298 | +181.9% |
| Trade receivables | 40 | €3,463 | €4,142 | +€679 | +19.6% |
| Other amounts receivable | 41 | €0 | €5,619 | +€5,619 | |
| Cash at bank and in hand | 54/58 | €37,341 | €37,764 | +€423 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,183 | €0 | -€1,183 | -100.0% |
| Total equity and liabilities | 10/49 | €124,897 | €123,721 | -€1,175 | -0.9% |
| Equity | 10/15 | €22,319 | €31,022 | +€8,703 | +39.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,720 | €28,423 | +€8,703 | +44.1% |
| Distributable reserves | 133 | €19,720 | €28,423 | +€8,703 | +44.1% |
| Profit (loss) carried forward | 14 | €599 | €599 | = | 0.0% |
| Amounts payable | 17/49 | €102,578 | €92,699 | -€9,878 | -9.6% |
| Amounts payable after more than one year | 17 | €24,868 | €6,276 | -€18,592 | -74.8% |
| Financial debts | 170/4 | €24,868 | €6,276 | -€18,592 | -74.8% |
| Amounts payable within one year | 42/48 | €76,856 | €86,424 | +€9,567 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €21,133 | €23,905 | +€2,772 | +13.1% |
| Trade debts | 44 | €6,183 | €3,976 | -€2,207 | -35.7% |
| Suppliers | 440/4 | €6,183 | €3,976 | -€2,207 | -35.7% |
| Taxes, remuneration and social security | 45 | €15,754 | €17,556 | +€1,802 | +11.4% |
| Taxes | 450/3 | €10,658 | €9,437 | -€1,221 | -11.5% |
| Remuneration and social security | 454/9 | €5,096 | €8,119 | +€3,023 | +59.3% |
| Other amounts payable | 47/48 | €33,786 | €40,987 | +€7,200 | +21.3% |
| Accrued charges and deferred income | 492/3 | €853 | €0 | -€853 | -100.0% |
| Remuneration, social security and pensions | 62 | €29,278 | €44,441 | +€15,163 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,381 | €13,516 | -€3,865 | -22.2% |
| Other operating charges | 640/8 | €1,707 | €2,725 | +€1,019 | +59.7% |
| Gross operating margin | 9900 | €74,227 | €75,663 | +€1,435 | +1.9% |
| Operating profit (loss) | 9901 | €25,862 | €14,980 | -€10,882 | -42.1% |
| Financial income | 75/76B | - | €175 | +€175 | |
| Recurring financial income | 75 | - | €175 | +€175 | |
| Financial charges | 65/66B | €4,606 | €2,770 | -€1,836 | -39.9% |
| Recurring financial charges | 65 | €4,606 | €2,770 | -€1,836 | -39.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €21,256 | €12,385 | -€8,871 | -41.7% |
| Income taxes | 67/77 | €6,370 | €3,682 | -€2,688 | -42.2% |
| Profit (loss) for the period | 9904 | €14,886 | €8,703 | -€6,183 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,886 | €8,703 | -€6,183 | -41.5% |
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 12 October 2026 via checked.be.