Marcasy: 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.
Marcasy
Largest movements
- Cash +€69,541
up €69,541 (+121.5%), from €57,240 to €126,781
mainly Net result for the year (+€63,608) and Tax, wage and social debts (+€3,749)
- Deferred charges and accrued income -€1,716
down €1,716 (-44.4%), from €3,861 to €2,145
- Reserves +€63,608
up €63,608 (+138.7%), from €45,872 to €109,480
- Tax, wage and social debts +€3,749
up €3,749 (+30.3%), from €12,372 to €16,121
- Gross operating margin +€23,374
up €23,374 (+40.2%), from €58,145 to €81,519
- Taxes +€4,570
up €4,570 (+39.6%), from €11,550 to €16,121
- Financial charges +€853
up €853 (+645.8%), from €132 to €985
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 | €62,196 | €129,529 | +€67,333 | +108.3% |
| Fixed assets | 21/28 | €976 | €498 | -€478 | -49.0% |
| Tangible fixed assets | 22/27 | €976 | €498 | -€478 | -49.0% |
| Furniture and vehicles | 24 | €976 | €498 | -€478 | -49.0% |
| Current assets | 29/58 | €61,220 | €129,032 | +€67,811 | +110.8% |
| Amounts receivable within one year | 40/41 | €120 | €106 | -€13 | -11.2% |
| Other amounts receivable | 41 | €120 | €106 | -€13 | -11.2% |
| Cash at bank and in hand | 54/58 | €57,240 | €126,781 | +€69,541 | +121.5% |
| Deferred charges and accrued income | 490/1 | €3,861 | €2,145 | -€1,716 | -44.4% |
| Total equity and liabilities | 10/49 | €62,196 | €129,529 | +€67,333 | +108.3% |
| Equity | 10/15 | €48,872 | €112,480 | +€63,608 | +130.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,872 | €109,480 | +€63,608 | +138.7% |
| Distributable reserves | 133 | €45,872 | €109,480 | +€63,608 | +138.7% |
| Amounts payable | 17/49 | €13,324 | €17,050 | +€3,726 | +28.0% |
| Amounts payable within one year | 42/48 | €12,398 | €16,161 | +€3,763 | +30.4% |
| Trade debts | 44 | €27 | €40 | +€14 | +51.3% |
| Suppliers | 440/4 | €27 | €40 | +€14 | +51.3% |
| Taxes, remuneration and social security | 45 | €12,372 | €16,121 | +€3,749 | +30.3% |
| Taxes | 450/3 | €12,372 | €16,121 | +€3,749 | +30.3% |
| Accrued charges and deferred income | 492/3 | €926 | €888 | -€37 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €478 | +€5 | +1.1% |
| Other operating charges | 640/8 | €118 | €328 | +€210 | +178.0% |
| Gross operating margin | 9900 | €58,145 | €81,519 | +€23,374 | +40.2% |
| Operating profit (loss) | 9901 | €57,555 | €80,713 | +€23,159 | +40.2% |
| Financial charges | 65/66B | €132 | €985 | +€853 | +645.8% |
| Recurring financial charges | 65 | €132 | €985 | +€853 | +645.8% |
| Profit (loss) for the period before taxes | 9903 | €57,423 | €79,729 | +€22,306 | +38.8% |
| Income taxes | 67/77 | €11,550 | €16,121 | +€4,570 | +39.6% |
| Profit (loss) for the period | 9904 | €45,872 | €63,608 | +€17,736 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,872 | €63,608 | +€17,736 | +38.7% |
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 1 October 2026 via checked.be.