MAR.CO GLOBE: 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 GLOBE
Largest movements
- Cash -€102,139
down €102,139 (-10.7%), from €954,975 to €852,836
mainly Accrued charges and deferred income (-€50,717) and Net result for the year (-€43,783)
- Accrued charges and deferred income -€50,717
down €50,717 (-98.1%), from €51,717 to €1,000
- Profit (loss) carried forward -€43,783
new in 2025: -€43,783
- Gross operating margin -€202,376
down €202,376 (-91.6%), from €220,968 to €18,591
- Taxes -€63,821
down €63,821 (-100.0%), from €63,821 to €0
- Financial charges +€55,862
up €55,862 (+934.2%), from €5,980 to €61,842
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 | €956,439 | €854,062 | -€102,377 | -10.7% |
| Current assets | 29/58 | €956,439 | €854,062 | -€102,377 | -10.7% |
| Amounts receivable within one year | 40/41 | €1,464 | €1,226 | -€239 | -16.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,464 | €1,226 | -€239 | -16.3% |
| Cash at bank and in hand | 54/58 | €954,975 | €852,836 | -€102,139 | -10.7% |
| Total equity and liabilities | 10/49 | €956,439 | €854,062 | -€102,377 | -10.7% |
| Equity | 10/15 | €873,360 | €829,578 | -€43,783 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €860,960 | €860,960 | = | 0.0% |
| Distributable reserves | 133 | €860,960 | €860,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,783 | -€43,783 | |
| Amounts payable | 17/49 | €83,079 | €24,484 | -€58,594 | -70.5% |
| Amounts payable within one year | 42/48 | €31,362 | €23,484 | -€7,878 | -25.1% |
| Trade debts | 44 | €135 | €635 | +€499 | +369.3% |
| Suppliers | 440/4 | €135 | €635 | +€499 | +369.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,227 | €22,850 | -€8,377 | -26.8% |
| Accrued charges and deferred income | 492/3 | €51,717 | €1,000 | -€50,717 | -98.1% |
| Other operating charges | 640/8 | €505 | €532 | +€27 | +5.3% |
| Gross operating margin | 9900 | €220,968 | €18,591 | -€202,376 | -91.6% |
| Operating profit (loss) | 9901 | €220,462 | €18,059 | -€202,403 | -91.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,980 | €61,842 | +€55,862 | +934.2% |
| Recurring financial charges | 65 | €5,980 | €61,842 | +€55,862 | +934.2% |
| Profit (loss) for the period before taxes | 9903 | €214,483 | -€43,783 | -€258,265 | |
| Income taxes | 67/77 | €63,821 | €0 | -€63,821 | -100.0% |
| Profit (loss) for the period | 9904 | €150,662 | -€43,783 | -€194,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,662 | -€43,783 | -€194,445 |
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 10 October 2026 via checked.be.