Marcad-Design: 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.
Marcad-Design
Largest movements
- Cash +€16,610
up €16,610 (+74.8%), from €22,218 to €38,828
mainly Net result for the year (+€10,828) and Other debts (+€8,935)
- Reserves +€10,828
up €10,828 (+74.4%), from €14,552 to €25,379
- Other debts +€8,935
up €8,935 (+34.4%), from €25,982 to €34,917
- Trade debts -€4,525
down €4,525 (-69.8%), from €6,483 to €1,958
- Tax, wage and social debts +€1,873
up €1,873 (+58.4%), from €3,208 to €5,081
- Gross operating margin -€6,300
down €6,300 (-24.1%), from €26,191 to €19,891
- Depreciation -€2,309
down €2,309 (-82.0%), from €2,816 to €506
- Taxes -€1,749
down €1,749 (-22.7%), from €7,708 to €5,959
- Financial charges +€1,444
up €1,444 (+660.0%), from €219 to €1,663
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 | €55,225 | €72,335 | +€17,111 | +31.0% |
| Fixed assets | 21/28 | €1,034 | €1,554 | +€520 | +50.3% |
| Tangible fixed assets | 22/27 | €1,034 | €1,554 | +€520 | +50.3% |
| Furniture and vehicles | 24 | €1,034 | €1,554 | +€520 | +50.3% |
| Current assets | 29/58 | €54,191 | €70,781 | +€16,590 | +30.6% |
| Amounts receivable within one year | 40/41 | €27,873 | €27,963 | +€89 | +0.3% |
| Trade receivables | 40 | €25,244 | €25,074 | -€169 | -0.7% |
| Other amounts receivable | 41 | €2,630 | €2,889 | +€259 | +9.8% |
| Cash at bank and in hand | 54/58 | €22,218 | €38,828 | +€16,610 | +74.8% |
| Deferred charges and accrued income | 490/1 | €4,099 | €3,990 | -€109 | -2.7% |
| Total equity and liabilities | 10/49 | €55,225 | €72,335 | +€17,111 | +31.0% |
| Equity | 10/15 | €19,552 | €30,379 | +€10,828 | +55.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,552 | €25,379 | +€10,828 | +74.4% |
| Distributable reserves | 133 | €14,552 | €25,379 | +€10,828 | +74.4% |
| Amounts payable | 17/49 | €35,673 | €41,956 | +€6,283 | +17.6% |
| Amounts payable within one year | 42/48 | €35,673 | €41,956 | +€6,283 | +17.6% |
| Trade debts | 44 | €6,483 | €1,958 | -€4,525 | -69.8% |
| Suppliers | 440/4 | €6,483 | €1,958 | -€4,525 | -69.8% |
| Taxes, remuneration and social security | 45 | €3,208 | €5,081 | +€1,873 | +58.4% |
| Taxes | 450/3 | €3,208 | €5,081 | +€1,873 | +58.4% |
| Other amounts payable | 47/48 | €25,982 | €34,917 | +€8,935 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,816 | €506 | -€2,309 | -82.0% |
| Other operating charges | 640/8 | €898 | €936 | +€38 | +4.2% |
| Gross operating margin | 9900 | €26,191 | €19,891 | -€6,300 | -24.1% |
| Operating profit (loss) | 9901 | €22,478 | €18,449 | -€4,029 | -17.9% |
| Financial charges | 65/66B | €219 | €1,663 | +€1,444 | +660.0% |
| Recurring financial charges | 65 | €219 | €1,663 | +€1,444 | +660.0% |
| Profit (loss) for the period before taxes | 9903 | €22,259 | €16,786 | -€5,473 | -24.6% |
| Income taxes | 67/77 | €7,708 | €5,959 | -€1,749 | -22.7% |
| Profit (loss) for the period | 9904 | €14,552 | €10,828 | -€3,724 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,552 | €10,828 | -€3,724 | -25.6% |
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 4 October 2026 via checked.be.