MARCCOM: 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.
MARCCOM
Largest movements
- Receivables within one year -€38,628
down €38,628 (-10.7%), from €361,474 to €322,846
- Other debts -€33,386
down €33,386 (-15.1%), from €220,958 to €187,571
- Profit (loss) carried forward -€7,727
down €7,727 (-67.4%), from €11,463 to €3,735
- Financial income -€21,614
no longer reported in 2025 (was €21,614)
- Gross operating margin +€3,021
up €3,021 (+30.8%), from -€9,807 to -€6,786
- Financial charges -€941
down €941 (-93.8%), from €1,003 to €62
- Other operating charges -€200
down €200 (-27.6%), from €724 to €525
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 | €362,373 | €323,390 | -€38,982 | -10.8% |
| Fixed assets | 21/28 | €899 | €544 | -€355 | -39.5% |
| Tangible fixed assets | 22/27 | €770 | €415 | -€355 | -46.1% |
| Leasing and similar rights | 25 | €770 | €415 | -€355 | -46.1% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €361,474 | €322,846 | -€38,627 | -10.7% |
| Amounts receivable within one year | 40/41 | €361,474 | €322,846 | -€38,628 | -10.7% |
| Other amounts receivable | 41 | €361,474 | €322,846 | -€38,628 | -10.7% |
| Cash at bank and in hand | 54/58 | €0 | €0 | +€0 | +16.7% |
| Total equity and liabilities | 10/49 | €362,373 | €323,390 | -€38,982 | -10.8% |
| Equity | 10/15 | €136,145 | €128,417 | -€7,727 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,082 | €106,082 | = | 0.0% |
| Distributable reserves | 133 | €106,082 | €106,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,463 | €3,735 | -€7,727 | -67.4% |
| Amounts payable | 17/49 | €226,228 | €194,973 | -€31,255 | -13.8% |
| Amounts payable within one year | 42/48 | €226,228 | €194,973 | -€31,255 | -13.8% |
| Trade debts | 44 | €5,270 | €7,402 | +€2,132 | +40.4% |
| Suppliers | 440/4 | €5,270 | €7,402 | +€2,132 | +40.4% |
| Other amounts payable | 47/48 | €220,958 | €187,571 | -€33,386 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €355 | = | 0.0% |
| Other operating charges | 640/8 | €724 | €525 | -€200 | -27.6% |
| Non-recurring operating charges | 66A | €1,894 | - | -€1,894 | |
| Gross operating margin | 9900 | -€9,807 | -€6,786 | +€3,021 | +30.8% |
| Operating profit (loss) | 9901 | -€12,780 | -€7,665 | +€5,114 | +40.0% |
| Financial income | 75/76B | €21,614 | - | -€21,614 | |
| Recurring financial income | 75 | €21,614 | - | -€21,614 | |
| Financial charges | 65/66B | €1,003 | €62 | -€941 | -93.8% |
| Recurring financial charges | 65 | €1,003 | €62 | -€941 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €7,832 | -€7,727 | -€15,559 | |
| Profit (loss) for the period | 9904 | €7,832 | -€7,727 | -€15,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,832 | -€7,727 | -€15,559 |
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 11 October 2026 via checked.be.