MARCOEN IT SOLUTIONS: 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.
MARCOEN IT SOLUTIONS
Largest movements
- Tangible fixed assets +€27,370
up €27,370 (+172%), from €15,880 to €43,250
of which Leasing and similar rights: +€24,447
- Cash +€22,857
up €22,857 (+46.7%), from €48,940 to €71,797
mainly Other debts (+€34,522) and Debts after one year (+€27,482)
- Receivables within one year +€1,975
up €1,975 (+17.8%), from €11,100 to €13,075
of which Trade receivables: +€2,508
- Other debts +€34,522
up €34,522 (+200%), from €17,289 to €51,811
- Debts after one year +€27,482
new in 2025: €27,482
- Reserves -€17,818
down €17,818 (-23.5%), from €75,873 to €58,056
- Tax, wage and social debts +€7,925
up €7,925 (+96.0%), from €8,251 to €16,176
of which Taxes: +€7,925
- Trade debts +€3,285
up €3,285 (+187%), from €1,759 to €5,044
- Gross operating margin +€9,056
up €9,056 (+19.8%), from €45,844 to €54,900
- Depreciation +€4,402
up €4,402 (+25.7%), from €17,159 to €21,560
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 | €127,283 | €180,606 | +€53,323 | +41.9% |
| Fixed assets | 21/28 | €15,880 | €43,250 | +€27,370 | +172% |
| Tangible fixed assets | 22/27 | €15,880 | €43,250 | +€27,370 | +172% |
| Furniture and vehicles | 24 | €2,288 | €5,211 | +€2,923 | +128% |
| Leasing and similar rights | 25 | €13,592 | €38,039 | +€24,447 | +180% |
| Current assets | 29/58 | €111,404 | €137,356 | +€25,952 | +23.3% |
| Amounts receivable within one year | 40/41 | €11,100 | €13,075 | +€1,975 | +17.8% |
| Trade receivables | 40 | €10,418 | €12,926 | +€2,508 | +24.1% |
| Other amounts receivable | 41 | €682 | €149 | -€534 | -78.2% |
| Current investments | 50/53 | €50,425 | €50,425 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,940 | €71,797 | +€22,857 | +46.7% |
| Deferred charges and accrued income | 490/1 | €938 | €2,059 | +€1,121 | +120% |
| Total equity and liabilities | 10/49 | €127,283 | €180,606 | +€53,323 | +41.9% |
| Equity | 10/15 | €82,073 | €64,256 | -€17,818 | -21.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,873 | €58,056 | -€17,818 | -23.5% |
| Distributable reserves | 133 | €75,873 | €58,056 | -€17,818 | -23.5% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €40,210 | €111,350 | +€71,140 | +177% |
| Amounts payable after more than one year | 17 | - | €27,482 | +€27,482 | |
| Financial debts | 170/4 | - | €27,482 | +€27,482 | |
| Amounts payable within one year | 42/48 | €40,210 | €83,868 | +€43,658 | +109% |
| Current portion of amounts payable after more than one year | 42 | €12,911 | €10,837 | -€2,074 | -16.1% |
| Trade debts | 44 | €1,759 | €5,044 | +€3,285 | +187% |
| Suppliers | 440/4 | €1,759 | €5,044 | +€3,285 | +187% |
| Taxes, remuneration and social security | 45 | €8,251 | €16,176 | +€7,925 | +96.0% |
| Taxes | 450/3 | €6,001 | €13,926 | +€7,925 | +132% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €17,289 | €51,811 | +€34,522 | +200% |
| Non-recurring operating income | 76A | - | €7,757 | +€7,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,159 | €21,560 | +€4,402 | +25.7% |
| Other operating charges | 640/8 | €3,459 | €3,317 | -€142 | -4.1% |
| Gross operating margin | 9900 | €45,844 | €54,900 | +€9,056 | +19.8% |
| Operating profit (loss) | 9901 | €25,226 | €30,023 | +€4,796 | +19.0% |
| Financial income | 75/76B | €744 | €732 | -€12 | -1.6% |
| Recurring financial income | 75 | €744 | €732 | -€12 | -1.6% |
| Financial charges | 65/66B | €646 | €1,091 | +€445 | +69.0% |
| Recurring financial charges | 65 | €646 | €1,091 | +€445 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €25,324 | €29,663 | +€4,339 | +17.1% |
| Income taxes | 67/77 | €9,474 | €9,530 | +€56 | +0.6% |
| Profit (loss) for the period | 9904 | €15,850 | €20,133 | +€4,283 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,850 | €20,133 | +€4,283 | +27.0% |
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 15 October 2026 via checked.be.