MARCADIN: 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.
MARCADIN
Largest movements
- Receivables within one year +€15,820
up €15,820 (+139.1%), from €11,372 to €27,192
- Tangible fixed assets -€9,312
down €9,312 (-31.1%), from €29,983 to €20,671
- Trade debts +€5,901
up €5,901 (+7565.4%), from €78 to €5,979
- Other debts +€3,840
up €3,840 (+9.9%), from €38,974 to €42,814
- Tax, wage and social debts -€3,625
down €3,625 (-62.5%), from €5,804 to €2,179
of which Taxes: -€4,168
- Profit (loss) carried forward +€792
up €792 (+18.3%), from €4,335 to €5,127
- Gross operating margin +€6,747
up €6,747 (+10.5%), from €64,512 to €71,259
- Financial charges +€5,249
up €5,249 (+8466.1%), from €62 to €5,311
- Staff costs +€2,360
up €2,360 (+6.3%), from €37,744 to €40,104
- Depreciation +€2,045
up €2,045 (+28.1%), from €7,267 to €9,312
- Other operating charges +€921
up €921 (+6.9%), from €13,254 to €14,175
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 | €54,191 | €61,099 | +€6,908 | +12.7% |
| Fixed assets | 21/28 | €38,983 | €29,671 | -€9,312 | -23.9% |
| Tangible fixed assets | 22/27 | €29,983 | €20,671 | -€9,312 | -31.1% |
| Furniture and vehicles | 24 | €29,983 | €20,671 | -€9,312 | -31.1% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €15,208 | €31,428 | +€16,220 | +106.7% |
| Amounts receivable within one year | 40/41 | €11,372 | €27,192 | +€15,820 | +139.1% |
| Trade receivables | 40 | €11,372 | €27,192 | +€15,820 | +139.1% |
| Cash at bank and in hand | 54/58 | €1,797 | €2,105 | +€308 | +17.1% |
| Deferred charges and accrued income | 490/1 | €2,039 | €2,131 | +€92 | +4.5% |
| Total equity and liabilities | 10/49 | €54,191 | €61,099 | +€6,908 | +12.7% |
| Equity | 10/15 | €9,335 | €10,127 | +€792 | +8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,335 | €5,127 | +€792 | +18.3% |
| Amounts payable | 17/49 | €44,856 | €50,972 | +€6,116 | +13.6% |
| Amounts payable within one year | 42/48 | €44,856 | €50,972 | +€6,116 | +13.6% |
| Trade debts | 44 | €78 | €5,979 | +€5,901 | +7565.4% |
| Suppliers | 440/4 | €78 | €5,979 | +€5,901 | +7565.4% |
| Taxes, remuneration and social security | 45 | €5,804 | €2,179 | -€3,625 | -62.5% |
| Taxes | 450/3 | €5,804 | €1,636 | -€4,168 | -71.8% |
| Remuneration and social security | 454/9 | - | €543 | +€543 | |
| Other amounts payable | 47/48 | €38,974 | €42,814 | +€3,840 | +9.9% |
| Remuneration, social security and pensions | 62 | €37,744 | €40,104 | +€2,360 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,267 | €9,312 | +€2,045 | +28.1% |
| Other operating charges | 640/8 | €13,254 | €14,175 | +€921 | +6.9% |
| Gross operating margin | 9900 | €64,512 | €71,259 | +€6,747 | +10.5% |
| Operating profit (loss) | 9901 | €6,247 | €7,668 | +€1,421 | +22.7% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €62 | €5,311 | +€5,249 | +8466.1% |
| Recurring financial charges | 65 | €62 | €5,311 | +€5,249 | +8466.1% |
| Profit (loss) for the period before taxes | 9903 | €6,185 | €2,361 | -€3,824 | -61.8% |
| Income taxes | 67/77 | €1,850 | €1,569 | -€281 | -15.2% |
| Profit (loss) for the period | 9904 | €4,335 | €792 | -€3,543 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,335 | €792 | -€3,543 | -81.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.