MARCOBINIA: 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.
MARCOBINIA
Largest movements
- Tangible fixed assets +€941,894
up €941,894 (+22337.3%), from €4,217 to €946,110
of which Land and buildings: +€915,775
- Cash +€26,564
up €26,564 (+57.2%), from €46,435 to €72,999
mainly Debts after one year (+€894,309) and Depreciation (+€119,750)
- Debts after one year +€894,309
up €894,309 (+822.6%), from €108,723 to €1.0m
of which Financial debts: +€929,309
- Current portion of long-term debt +€53,324
new in 2025: €53,324
- Other debts +€51,974
up €51,974 (+723.7%), from €7,182 to €59,156
- Reserves -€15,941
down €15,941 (-11.1%), from €143,418 to €127,477
- Depreciation +€118,117
up €118,117 (+7232.3%), from €1,633 to €119,750
- Taxes -€30,815
down €30,815 (-99.4%), from €30,988 to €173
- Gross operating margin +€24,714
up €24,714 (+26.3%), from €94,061 to €118,775
- Financial charges +€13,078
up €13,078 (+391.3%), from €3,342 to €16,420
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 | €299,106 | €1,278,638 | +€979,532 | +327.5% |
| Fixed assets | 21/28 | €229,217 | €1,171,110 | +€941,894 | +410.9% |
| Tangible fixed assets | 22/27 | €4,217 | €946,110 | +€941,894 | +22337.3% |
| Land and buildings | 22 | - | €915,775 | +€915,775 | |
| Plant, machinery and equipment | 23 | €1,959 | €4,485 | +€2,526 | +128.9% |
| Furniture and vehicles | 24 | €2,257 | €17,195 | +€14,938 | +661.7% |
| Other tangible fixed assets | 26 | - | €8,655 | +€8,655 | |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €69,889 | €107,527 | +€37,638 | +53.9% |
| Amounts receivable within one year | 40/41 | €21,409 | €32,142 | +€10,734 | +50.1% |
| Trade receivables | 40 | €17,106 | €15,316 | -€1,791 | -10.5% |
| Other amounts receivable | 41 | €4,303 | €16,827 | +€12,524 | +291.1% |
| Cash at bank and in hand | 54/58 | €46,435 | €72,999 | +€26,564 | +57.2% |
| Deferred charges and accrued income | 490/1 | €2,045 | €2,386 | +€340 | +16.6% |
| Total equity and liabilities | 10/49 | €299,106 | €1,278,638 | +€979,532 | +327.5% |
| Equity | 10/15 | €155,818 | €136,229 | -€19,589 | -12.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €143,418 | €127,477 | -€15,941 | -11.1% |
| Distributable reserves | 133 | €143,418 | €127,477 | -€15,941 | -11.1% |
| Profit (loss) carried forward | 14 | - | -€3,648 | -€3,648 | |
| Amounts payable | 17/49 | €143,288 | €1,142,409 | +€999,121 | +697.3% |
| Amounts payable after more than one year | 17 | €108,723 | €1,003,032 | +€894,309 | +822.6% |
| Financial debts | 170/4 | - | €929,309 | +€929,309 | |
| Other amounts payable | 178/9 | €108,723 | €73,723 | -€35,000 | -32.2% |
| Amounts payable within one year | 42/48 | €33,699 | €137,512 | +€103,813 | +308.1% |
| Current portion of amounts payable after more than one year | 42 | - | €53,324 | +€53,324 | |
| Financial debts | 43 | €4,529 | €6,554 | +€2,025 | +44.7% |
| Other loans | 439 | €4,529 | €6,554 | +€2,025 | +44.7% |
| Trade debts | 44 | €3,759 | €13,017 | +€9,258 | +246.3% |
| Suppliers | 440/4 | €3,759 | €13,017 | +€9,258 | +246.3% |
| Taxes, remuneration and social security | 45 | €18,230 | €5,462 | -€12,768 | -70.0% |
| Taxes | 450/3 | €16,230 | €3,462 | -€12,768 | -78.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,182 | €59,156 | +€51,974 | +723.7% |
| Accrued charges and deferred income | 492/3 | €865 | €1,864 | +€999 | +115.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €119,750 | +€118,117 | +7232.3% |
| Other operating charges | 640/8 | €1,412 | €1,845 | +€434 | +30.7% |
| Non-recurring operating charges | 66A | €0 | €481 | +€481 | |
| Gross operating margin | 9900 | €94,061 | €118,775 | +€24,714 | +26.3% |
| Operating profit (loss) | 9901 | €91,016 | -€3,302 | -€94,318 | |
| Financial income | 75/76B | €1,433 | €306 | -€1,127 | -78.6% |
| Recurring financial income | 75 | €1,433 | €306 | -€1,127 | -78.6% |
| Financial charges | 65/66B | €3,342 | €16,420 | +€13,078 | +391.3% |
| Recurring financial charges | 65 | €3,342 | €16,420 | +€13,078 | +391.3% |
| Profit (loss) for the period before taxes | 9903 | €89,107 | -€19,416 | -€108,523 | |
| Income taxes | 67/77 | €30,988 | €173 | -€30,815 | -99.4% |
| Profit (loss) for the period | 9904 | €58,119 | -€19,589 | -€77,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,119 | -€19,589 | -€77,708 |
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 10 October 2026 via checked.be.