MARCOM CONSULT: what changed
Two fiscal 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.
MARCOM CONSULT
Largest movements
- Cash -€13,779
down €13,779 (-39.4%), from €34,972 to €21,193
mainly Other debts (-€9,134) and Investment in fixed assets (net) (-€8,586)
- Tangible fixed assets -€7,596
down €7,596 (-3.7%), from €202,928 to €195,331
- Other debts -€9,134
down €9,134 (-44.7%), from €20,415 to €11,281
- Trade debts -€6,269
down €6,269 (-78.6%), from €7,974 to €1,705
- Profit (loss) carried forward -€5,363
down €5,363 (-171.6%), from -€3,125 to -€8,488
- Gross operating margin +€6,666
up €6,666 (+40.8%), from €16,324 to €22,990
- Financial charges +€1,711
up €1,711 (+17.8%), from €9,628 to €11,339
- Financial income +€1,552
new in 2025: €1,552
- Other operating charges -€343
down €343 (-12.6%), from €2,727 to €2,384
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 | €238,913 | €217,226 | -€21,688 | -9.1% |
| Fixed assets | 21/28 | €202,928 | €195,331 | -€7,596 | -3.7% |
| Tangible fixed assets | 22/27 | €202,928 | €195,331 | -€7,596 | -3.7% |
| Land and buildings | 22 | €202,928 | €195,331 | -€7,596 | -3.7% |
| Current assets | 29/58 | €35,985 | €21,894 | -€14,091 | -39.2% |
| Amounts receivable within one year | 40/41 | €345 | - | -€345 | |
| Trade receivables | 40 | €345 | - | -€345 | |
| Cash at bank and in hand | 54/58 | €34,972 | €21,193 | -€13,779 | -39.4% |
| Deferred charges and accrued income | 490/1 | €668 | €701 | +€33 | +4.9% |
| Total equity and liabilities | 10/49 | €238,913 | €217,226 | -€21,688 | -9.1% |
| Equity | 10/15 | €83,973 | €78,610 | -€5,363 | -6.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €24,598 | €24,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €18,348 | €18,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,125 | -€8,488 | -€5,363 | -171.6% |
| Amounts payable | 17/49 | €154,940 | €138,616 | -€16,325 | -10.5% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,940 | €13,616 | -€16,325 | -54.5% |
| Trade debts | 44 | €7,974 | €1,705 | -€6,269 | -78.6% |
| Suppliers | 440/4 | €7,974 | €1,705 | -€6,269 | -78.6% |
| Taxes, remuneration and social security | 45 | €1,552 | €630 | -€922 | -59.4% |
| Taxes | 450/3 | €1,552 | €630 | -€922 | -59.4% |
| Other amounts payable | 47/48 | €20,415 | €11,281 | -€9,134 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,103 | €16,182 | +€79 | +0.5% |
| Other operating charges | 640/8 | €2,727 | €2,384 | -€343 | -12.6% |
| Gross operating margin | 9900 | €16,324 | €22,990 | +€6,666 | +40.8% |
| Operating profit (loss) | 9901 | -€2,506 | €4,424 | +€6,931 | |
| Financial income | 75/76B | - | €1,552 | +€1,552 | |
| Recurring financial income | 75 | - | €1,552 | +€1,552 | |
| Financial charges | 65/66B | €9,628 | €11,339 | +€1,711 | +17.8% |
| Recurring financial charges | 65 | €9,628 | €11,339 | +€1,711 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,134 | -€5,363 | +€6,771 | +55.8% |
| Profit (loss) for the period | 9904 | -€12,134 | -€5,363 | +€6,771 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,134 | -€5,363 | +€6,771 | +55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.