MARCO MAINTENANCE: 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.
MARCO MAINTENANCE
Largest movements
- Stocks and contracts +€50,146
up €50,146 (+858%), from €5,846 to €55,992
of which Contracts in progress: +€55,992
- Deferred charges and accrued income -€24,716
no longer reported in 2025 (was €24,716)
- Receivables within one year -€15,587
down €15,587 (-13.3%), from €116,770 to €101,183
of which Trade receivables: -€18,343
- Cash +€4,448
up €4,448 (+508%), from €875 to €5,323
mainly Debts after one year (+€44,400) and Deferred charges and accrued income (+€24,716)
- Debts after one year +€44,400
new in 2025: €44,400
- Profit (loss) carried forward -€17,008
new in 2025: -€17,008
- Short-term financial debts -€9,694
down €9,694 (-17.5%), from €55,414 to €45,720
- Advances received +€6,055
new in 2025: €6,055
- Tax, wage and social debts -€5,047
down €5,047 (-66.9%), from €7,547 to €2,500
- Gross operating margin -€41,582
down €41,582, from €38,098 to -€3,484
- Taxes -€5,479
down €5,479 (-87.9%), from €6,231 to €752
- Other operating charges +€2,167
up €2,167 (+236%), from €919 to €3,086
- Financial charges +€693
up €693 (+10.7%), from €6,496 to €7,189
- Staff costs -€556
down €556 (-22.7%), from €2,448 to €1,892
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 | €150,681 | €164,357 | +€13,676 | +9.1% |
| Fixed assets | 21/28 | €2,474 | €1,859 | -€615 | -24.9% |
| Tangible fixed assets | 22/27 | €1,044 | €429 | -€615 | -58.9% |
| Plant, machinery and equipment | 23 | €187 | - | -€187 | |
| Furniture and vehicles | 24 | €857 | €429 | -€428 | -49.9% |
| Financial fixed assets | 28 | €1,430 | €1,430 | = | 0.0% |
| Current assets | 29/58 | €148,207 | €162,498 | +€14,291 | +9.6% |
| Stocks and contracts in progress | 3 | €5,846 | €55,992 | +€50,146 | +858% |
| Stocks | 30/36 | €5,846 | - | -€5,846 | |
| Contracts in progress | 37 | - | €55,992 | +€55,992 | |
| Amounts receivable within one year | 40/41 | €116,770 | €101,183 | -€15,587 | -13.3% |
| Trade receivables | 40 | €111,495 | €93,152 | -€18,343 | -16.5% |
| Other amounts receivable | 41 | €5,275 | €8,031 | +€2,756 | +52.2% |
| Cash at bank and in hand | 54/58 | €875 | €5,323 | +€4,448 | +508% |
| Deferred charges and accrued income | 490/1 | €24,716 | - | -€24,716 | |
| Total equity and liabilities | 10/49 | €150,681 | €164,357 | +€13,676 | +9.1% |
| Equity | 10/15 | €77,392 | €60,384 | -€17,008 | -22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,792 | €58,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,932 | €56,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,008 | -€17,008 | |
| Amounts payable | 17/49 | €73,289 | €103,973 | +€30,684 | +41.9% |
| Amounts payable after more than one year | 17 | - | €44,400 | +€44,400 | |
| Other amounts payable | 178/9 | - | €44,400 | +€44,400 | |
| Amounts payable within one year | 42/48 | €73,289 | €59,573 | -€13,716 | -18.7% |
| Financial debts | 43 | €55,414 | €45,720 | -€9,694 | -17.5% |
| Credit institutions | 430/8 | €55,414 | €45,720 | -€9,694 | -17.5% |
| Trade debts | 44 | €6,164 | €5,088 | -€1,076 | -17.5% |
| Suppliers | 440/4 | €6,164 | €5,088 | -€1,076 | -17.5% |
| Advances received on contracts in progress | 46 | - | €6,055 | +€6,055 | |
| Taxes, remuneration and social security | 45 | €7,547 | €2,500 | -€5,047 | -66.9% |
| Taxes | 450/3 | €7,547 | €2,500 | -€5,047 | -66.9% |
| Other amounts payable | 47/48 | €4,164 | €210 | -€3,954 | -95.0% |
| Remuneration, social security and pensions | 62 | €2,448 | €1,892 | -€556 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €615 | -€32 | -4.9% |
| Other operating charges | 640/8 | €919 | €3,086 | +€2,167 | +236% |
| Gross operating margin | 9900 | €38,098 | -€3,484 | -€41,582 | |
| Operating profit (loss) | 9901 | €34,084 | -€9,077 | -€43,161 | |
| Financial income | 75/76B | €50 | €10 | -€40 | -80.0% |
| Recurring financial income | 75 | €50 | €10 | -€40 | -80.0% |
| Financial charges | 65/66B | €6,496 | €7,189 | +€693 | +10.7% |
| Recurring financial charges | 65 | €6,496 | €7,189 | +€693 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €27,638 | -€16,256 | -€43,894 | |
| Income taxes | 67/77 | €6,231 | €752 | -€5,479 | -87.9% |
| Profit (loss) for the period | 9904 | €21,407 | -€17,008 | -€38,415 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,407 | -€17,008 | -€38,415 |
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 18 October 2026 via checked.be.