MARCOM GC: 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 GC
Largest movements
- Receivables within one year -€10,765
down €10,765 (-77.7%), from €13,848 to €3,083
of which Trade receivables: -€11,319
- Current investments -€10,419
no longer reported in 2025 (was €10,419)
- Cash +€10,372
new in 2025: €10,372
mainly Receivables within one year (+€10,765) and Current investments (+€10,419)
- Tangible fixed assets -€1,340
down €1,340 (-28.6%), from €4,678 to €3,338
of which Other tangible fixed assets: -€970
- Other debts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Reserves -€2,033
down €2,033 (-38.2%), from €5,328 to €3,295
- Tax, wage and social debts -€824
down €824 (-31.4%), from €2,622 to €1,798
- Trade debts +€705
up €705 (+70.9%), from €995 to €1,700
- Turnover +€141,950
new in 2025: €141,950
- Purchases and services +€128,295
new in 2025: €128,295
- Gross operating margin -€16,252
down €16,252 (-54.3%), from €29,907 to €13,655
- Taxes -€3,657
down €3,657 (-51.3%), from €7,131 to €3,474
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 | €28,945 | €16,793 | -€12,152 | -42.0% |
| Fixed assets | 21/28 | €4,678 | €3,338 | -€1,340 | -28.6% |
| Tangible fixed assets | 22/27 | €4,678 | €3,338 | -€1,340 | -28.6% |
| Furniture and vehicles | 24 | €1,849 | €1,479 | -€370 | -20.0% |
| Other tangible fixed assets | 26 | €2,829 | €1,859 | -€970 | -34.3% |
| Current assets | 29/58 | €24,267 | €13,455 | -€10,812 | -44.6% |
| Amounts receivable within one year | 40/41 | €13,848 | €3,083 | -€10,765 | -77.7% |
| Trade receivables | 40 | €13,848 | €2,529 | -€11,319 | -81.7% |
| Other amounts receivable | 41 | - | €554 | +€554 | |
| Current investments | 50/53 | €10,419 | - | -€10,419 | |
| Cash at bank and in hand | 54/58 | - | €10,372 | +€10,372 | |
| Total equity and liabilities | 10/49 | €28,945 | €16,793 | -€12,152 | -42.0% |
| Equity | 10/15 | €5,328 | €3,295 | -€2,033 | -38.2% |
| Reserves | 13 | €5,328 | €3,295 | -€2,033 | -38.2% |
| Distributable reserves | 133 | €5,328 | €3,295 | -€2,033 | -38.2% |
| Amounts payable | 17/49 | €23,617 | €13,498 | -€10,119 | -42.8% |
| Amounts payable within one year | 42/48 | €23,617 | €13,498 | -€10,119 | -42.8% |
| Trade debts | 44 | €995 | €1,700 | +€705 | +70.9% |
| Suppliers | 440/4 | €995 | €1,700 | +€705 | +70.9% |
| Taxes, remuneration and social security | 45 | €2,622 | €1,798 | -€824 | -31.4% |
| Taxes | 450/3 | €2,622 | €1,798 | -€824 | -31.4% |
| Other amounts payable | 47/48 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Turnover | 70 | - | €141,950 | +€141,950 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €128,295 | +€128,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €1,340 | -€340 | -20.2% |
| Other operating charges | 640/8 | €576 | €528 | -€48 | -8.3% |
| Gross operating margin | 9900 | €29,907 | €13,655 | -€16,252 | -54.3% |
| Operating profit (loss) | 9901 | €27,651 | €11,787 | -€15,864 | -57.4% |
| Financial charges | 65/66B | €152 | €345 | +€193 | +127.0% |
| Recurring financial charges | 65 | €152 | €345 | +€193 | +127.0% |
| Profit (loss) for the period before taxes | 9903 | €27,499 | €11,442 | -€16,057 | -58.4% |
| Income taxes | 67/77 | €7,131 | €3,474 | -€3,657 | -51.3% |
| Profit (loss) for the period | 9904 | €20,368 | €7,968 | -€12,400 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,368 | €7,968 | -€12,400 | -60.9% |
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 5 October 2026 via checked.be.