MARCOM SUPPLIES: 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.
MARCOM SUPPLIES
Largest movements
- Tangible fixed assets +€40,905
up €40,905 (+378.4%), from €10,811 to €51,716
of which Leasing and similar rights: +€30,571
- Receivables within one year +€5,389
up €5,389 (+21.3%), from €25,325 to €30,714
of which Trade receivables: +€5,215
- Cash +€3,119
up €3,119 (+70.5%), from €4,426 to €7,545
mainly Debts after one year (+€36,932) and Net result for the year (+€26,043)
- Deferred charges and accrued income +€2,949
up €2,949 (+392.8%), from €751 to €3,700
- Debts after one year +€36,932
up €36,932 (+1012.6%), from €3,647 to €40,579
- Reserves +€15,383
up €15,383 (+32.8%), from €46,880 to €62,263
- Other debts -€9,535
down €9,535 (-33.1%), from €28,789 to €19,254
- Current portion of long-term debt +€7,567
up €7,567 (+105.2%), from €7,194 to €14,762
- Trade debts +€3,654
up €3,654 (+299.8%), from €1,219 to €4,873
- Gross operating margin +€12,366
up €12,366 (+28.2%), from €43,775 to €56,141
- Depreciation +€5,467
up €5,467 (+82.4%), from €6,633 to €12,100
- Taxes +€5,402
up €5,402 (+64.4%), from €8,392 to €13,794
- Financial income +€848
new in 2025: €848
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 | €109,977 | €162,338 | +€52,362 | +47.6% |
| Fixed assets | 21/28 | €79,475 | €120,379 | +€40,905 | +51.5% |
| Tangible fixed assets | 22/27 | €10,811 | €51,716 | +€40,905 | +378.4% |
| Land and buildings | 22 | €703 | €598 | -€106 | -15.1% |
| Furniture and vehicles | 24 | €10,108 | €20,547 | +€10,439 | +103.3% |
| Leasing and similar rights | 25 | - | €30,571 | +€30,571 | |
| Financial fixed assets | 28 | €68,664 | €68,664 | = | 0.0% |
| Current assets | 29/58 | €30,502 | €41,959 | +€11,457 | +37.6% |
| Amounts receivable within one year | 40/41 | €25,325 | €30,714 | +€5,389 | +21.3% |
| Trade receivables | 40 | €25,175 | €30,390 | +€5,215 | +20.7% |
| Other amounts receivable | 41 | €150 | €324 | +€174 | +115.7% |
| Cash at bank and in hand | 54/58 | €4,426 | €7,545 | +€3,119 | +70.5% |
| Deferred charges and accrued income | 490/1 | €751 | €3,700 | +€2,949 | +392.8% |
| Total equity and liabilities | 10/49 | €109,977 | €162,338 | +€52,362 | +47.6% |
| Equity | 10/15 | €59,880 | €75,263 | +€15,383 | +25.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €46,880 | €62,263 | +€15,383 | +32.8% |
| Distributable reserves | 133 | €46,880 | €62,263 | +€15,383 | +32.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,097 | €87,076 | +€36,979 | +73.8% |
| Amounts payable after more than one year | 17 | €3,647 | €40,579 | +€36,932 | +1012.6% |
| Financial debts | 170/4 | €3,647 | €40,579 | +€36,932 | +1012.6% |
| Amounts payable within one year | 42/48 | €44,132 | €44,796 | +€664 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €7,194 | €14,762 | +€7,567 | +105.2% |
| Trade debts | 44 | €1,219 | €4,873 | +€3,654 | +299.8% |
| Suppliers | 440/4 | €1,219 | €4,873 | +€3,654 | +299.8% |
| Taxes, remuneration and social security | 45 | €6,930 | €5,907 | -€1,023 | -14.8% |
| Taxes | 450/3 | €6,930 | €4,507 | -€2,423 | -35.0% |
| Remuneration and social security | 454/9 | €0 | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €28,789 | €19,254 | -€9,535 | -33.1% |
| Accrued charges and deferred income | 492/3 | €2,317 | €1,701 | -€617 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,633 | €12,100 | +€5,467 | +82.4% |
| Other operating charges | 640/8 | €1,124 | €1,388 | +€265 | +23.6% |
| Non-recurring operating charges | 66A | - | €449 | +€449 | |
| Gross operating margin | 9900 | €43,775 | €56,141 | +€12,366 | +28.2% |
| Operating profit (loss) | 9901 | €36,018 | €42,203 | +€6,185 | +17.2% |
| Financial income | 75/76B | - | €848 | +€848 | |
| Recurring financial income | 75 | - | €848 | +€848 | |
| Financial charges | 65/66B | €2,712 | €3,214 | +€502 | +18.5% |
| Recurring financial charges | 65 | €2,712 | €3,214 | +€502 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €33,306 | €39,837 | +€6,531 | +19.6% |
| Income taxes | 67/77 | €8,392 | €13,794 | +€5,402 | +64.4% |
| Profit (loss) for the period | 9904 | €24,915 | €26,043 | +€1,129 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,915 | €26,043 | +€1,129 | +4.5% |
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 11 October 2026 via checked.be.