MARCit: 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.
MARCit
Largest movements
- Current investments +€243,918
up €243,918 (+42.7%), from €571,086 to €815,004
- Stocks and contracts +€113,862
new in 2025: €113,862
- Receivables within one year -€82,210
down €82,210 (-42.7%), from €192,493 to €110,284
of which Trade receivables: -€52,058
- Tax, wage and social debts +€96,145
up €96,145 (+377%), from €25,495 to €121,640
of which Taxes: +€95,820
- Trade debts +€84,203
up €84,203 (+225%), from €37,423 to €121,626
- Other debts +€79,852
up €79,852 (+132%), from €60,350 to €140,202
- Gross operating margin +€351,049
up €351,049 (+375%), from €93,557 to €444,605
- Taxes +€109,039
up €109,039 (+724%), from €15,058 to €124,098
- Staff costs +€12,210
up €12,210 (+34.8%), from €35,085 to €47,295
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.
Derived cash bridge
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 | €860,175 | €1,114,839 | +€254,664 | +29.6% |
| Fixed assets | 21/28 | €33,803 | €24,928 | -€8,875 | -26.3% |
| Tangible fixed assets | 22/27 | €33,803 | €24,928 | -€8,875 | -26.3% |
| Plant, machinery and equipment | 23 | €4,240 | €4,027 | -€213 | -5.0% |
| Furniture and vehicles | 24 | €29,562 | €20,900 | -€8,662 | -29.3% |
| Current assets | 29/58 | €826,373 | €1,089,912 | +€263,539 | +31.9% |
| Stocks and contracts in progress | 3 | - | €113,862 | +€113,862 | |
| Stocks | 30/36 | - | €113,862 | +€113,862 | |
| Amounts receivable within one year | 40/41 | €192,493 | €110,284 | -€82,210 | -42.7% |
| Trade receivables | 40 | €161,853 | €109,795 | -€52,058 | -32.2% |
| Other amounts receivable | 41 | €30,641 | €489 | -€30,152 | -98.4% |
| Current investments | 50/53 | €571,086 | €815,004 | +€243,918 | +42.7% |
| Cash at bank and in hand | 54/58 | €60,382 | €50,429 | -€9,953 | -16.5% |
| Deferred charges and accrued income | 490/1 | €2,411 | €333 | -€2,078 | -86.2% |
| Total equity and liabilities | 10/49 | €860,175 | €1,114,839 | +€254,664 | +29.6% |
| Equity | 10/15 | €736,907 | €731,372 | -€5,535 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €718,307 | €712,772 | -€5,535 | -0.8% |
| Distributable reserves | 133 | €718,307 | €712,772 | -€5,535 | -0.8% |
| Amounts payable | 17/49 | €123,268 | €383,467 | +€260,199 | +211% |
| Amounts payable within one year | 42/48 | €123,268 | €383,467 | +€260,199 | +211% |
| Trade debts | 44 | €37,423 | €121,626 | +€84,203 | +225% |
| Suppliers | 440/4 | €37,423 | €121,626 | +€84,203 | +225% |
| Taxes, remuneration and social security | 45 | €25,495 | €121,640 | +€96,145 | +377% |
| Taxes | 450/3 | €20,068 | €115,888 | +€95,820 | +477% |
| Remuneration and social security | 454/9 | €5,427 | €5,752 | +€325 | +6.0% |
| Other amounts payable | 47/48 | €60,350 | €140,202 | +€79,852 | +132% |
| Remuneration, social security and pensions | 62 | €35,085 | €47,295 | +€12,210 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,138 | €12,641 | -€2,497 | -16.5% |
| Other operating charges | 640/8 | €1,344 | €1,440 | +€96 | +7.1% |
| Gross operating margin | 9900 | €93,557 | €444,605 | +€351,049 | +375% |
| Operating profit (loss) | 9901 | €41,990 | €383,230 | +€341,240 | +813% |
| Financial income | 75/76B | €672 | €774 | +€102 | +15.2% |
| Recurring financial income | 75 | €672 | €774 | +€102 | +15.2% |
| Financial charges | 65/66B | €90 | €61 | -€29 | -32.5% |
| Recurring financial charges | 65 | €90 | €61 | -€29 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €42,571 | €383,943 | +€341,372 | +802% |
| Income taxes | 67/77 | €15,058 | €124,098 | +€109,039 | +724% |
| Profit (loss) for the period | 9904 | €27,513 | €259,845 | +€232,332 | +844% |
| Profit (loss) for the period to be appropriated | 9905 | €27,513 | €259,845 | +€232,332 | +844% |
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 26 October 2026 via checked.be.