MARCOBO: 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.
MARCOBO
Largest movements
- Receivables within one year -€94,858
down €94,858 (-18.0%), from €528,171 to €433,312
of which Trade receivables: -€113,033
- Stocks and contracts +€41,603
up €41,603 (+4.3%), from €961,331 to €1.0m
- Profit (loss) carried forward -€81,125
down €81,125 (-32.8%), from -€247,513 to -€328,638
- Gross operating margin -€60,409
down €60,409, from €14,455 to -€45,955
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 | €1,506,103 | €1,443,921 | -€62,182 | -4.1% |
| Fixed assets | 21/28 | - | €750 | +€750 | |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €1,506,103 | €1,443,171 | -€62,932 | -4.2% |
| Stocks and contracts in progress | 3 | €961,331 | €1,002,934 | +€41,603 | +4.3% |
| Stocks | 30/36 | €961,331 | €1,002,934 | +€41,603 | +4.3% |
| Amounts receivable within one year | 40/41 | €528,171 | €433,312 | -€94,858 | -18.0% |
| Trade receivables | 40 | €363,182 | €250,148 | -€113,033 | -31.1% |
| Other amounts receivable | 41 | €164,989 | €183,164 | +€18,175 | +11.0% |
| Cash at bank and in hand | 54/58 | €16,563 | €6,924 | -€9,639 | -58.2% |
| Deferred charges and accrued income | 490/1 | €38 | €0 | -€38 | -100.0% |
| Total equity and liabilities | 10/49 | €1,506,103 | €1,443,921 | -€62,182 | -4.1% |
| Equity | 10/15 | -€94,735 | -€175,860 | -€81,125 | -85.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €32,778 | €32,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,778 | €32,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,513 | -€328,638 | -€81,125 | -32.8% |
| Amounts payable | 17/49 | €1,600,838 | €1,619,781 | +€18,943 | +1.2% |
| Amounts payable within one year | 42/48 | €1,600,838 | €1,619,781 | +€18,943 | +1.2% |
| Trade debts | 44 | €807 | €13,910 | +€13,103 | +1623.8% |
| Suppliers | 440/4 | €807 | €13,910 | +€13,103 | +1623.8% |
| Other amounts payable | 47/48 | €1,600,031 | €1,605,871 | +€5,840 | +0.4% |
| Other operating charges | 640/8 | €1,326 | €1,118 | -€207 | -15.6% |
| Gross operating margin | 9900 | €14,455 | -€45,955 | -€60,409 | |
| Operating profit (loss) | 9901 | €13,129 | -€47,073 | -€60,202 | |
| Financial charges | 65/66B | €33,973 | €34,052 | +€79 | +0.2% |
| Recurring financial charges | 65 | €33,973 | €34,052 | +€79 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,844 | -€81,125 | -€60,281 | -289.2% |
| Profit (loss) for the period | 9904 | -€20,844 | -€81,125 | -€60,281 | -289.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,844 | -€81,125 | -€60,281 | -289.2% |
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 9 October 2026 via checked.be.