MARCON: 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.
MARCON
Largest movements
- Cash +€23,019
up €23,019 (+18.0%), from €127,833 to €150,852
mainly Depreciation (+€15,769) and Receivables within one year (+€12,173)
- Receivables within one year -€12,173
down €12,173 (-47.4%), from €25,670 to €13,498
of which Other amounts receivable: -€6,941
- Tangible fixed assets -€8,729
down €8,729 (-9.5%), from €91,550 to €82,821
of which Furniture and vehicles: -€8,015
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€10,365
down €10,365 (-34.7%), from €29,861 to €19,496
- Taxes -€3,176
down €3,176 (-64.7%), from €4,911 to €1,735
- Depreciation +€1,484
up €1,484 (+10.4%), from €14,285 to €15,769
- Financial income +€624
up €624 (+117.9%), from €529 to €1,153
- Other operating charges -€623
down €623 (-24.5%), from €2,548 to €1,925
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 | €260,023 | €259,895 | -€128 | 0.0% |
| Fixed assets | 21/28 | €94,768 | €84,930 | -€9,838 | -10.4% |
| Intangible fixed assets | 21 | €3,218 | €2,109 | -€1,109 | -34.5% |
| Tangible fixed assets | 22/27 | €91,550 | €82,821 | -€8,729 | -9.5% |
| Plant, machinery and equipment | 23 | €3,391 | €3,310 | -€81 | -2.4% |
| Furniture and vehicles | 24 | €47,001 | €38,986 | -€8,015 | -17.1% |
| Other tangible fixed assets | 26 | €41,158 | €40,525 | -€633 | -1.5% |
| Current assets | 29/58 | €165,255 | €174,966 | +€9,710 | +5.9% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,628 | €6,264 | +€636 | +11.3% |
| Stocks | 30/36 | €5,628 | €6,264 | +€636 | +11.3% |
| Amounts receivable within one year | 40/41 | €25,670 | €13,498 | -€12,173 | -47.4% |
| Trade receivables | 40 | €14,782 | €9,550 | -€5,232 | -35.4% |
| Other amounts receivable | 41 | €10,888 | €3,948 | -€6,941 | -63.7% |
| Cash at bank and in hand | 54/58 | €127,833 | €150,852 | +€23,019 | +18.0% |
| Deferred charges and accrued income | 490/1 | €4,124 | €2,352 | -€1,772 | -43.0% |
| Total equity and liabilities | 10/49 | €260,023 | €259,895 | -€128 | 0.0% |
| Equity | 10/15 | €189,025 | €189,991 | +€966 | +0.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €150,567 | €150,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,067 | €28,067 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,459 | €14,425 | +€966 | +7.2% |
| Amounts payable | 17/49 | €70,998 | €69,904 | -€1,094 | -1.5% |
| Amounts payable after more than one year | 17 | €52,000 | €50,000 | -€2,000 | -3.8% |
| Financial debts | 170/4 | €52,000 | €50,000 | -€2,000 | -3.8% |
| Amounts payable within one year | 42/48 | €2,027 | €2,397 | +€371 | +18.3% |
| Trade debts | 44 | €324 | €578 | +€253 | +78.2% |
| Suppliers | 440/4 | €324 | €578 | +€253 | +78.2% |
| Taxes, remuneration and social security | 45 | €1,251 | €1,357 | +€106 | +8.5% |
| Taxes | 450/3 | €1,251 | €1,357 | +€106 | +8.5% |
| Other amounts payable | 47/48 | €452 | €463 | +€11 | +2.4% |
| Accrued charges and deferred income | 492/3 | €16,972 | €17,507 | +€535 | +3.2% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,285 | €15,769 | +€1,484 | +10.4% |
| Other operating charges | 640/8 | €2,548 | €1,925 | -€623 | -24.5% |
| Gross operating margin | 9900 | €29,861 | €19,496 | -€10,365 | -34.7% |
| Operating profit (loss) | 9901 | €13,028 | €1,802 | -€11,226 | -86.2% |
| Financial income | 75/76B | €529 | €1,153 | +€624 | +117.9% |
| Recurring financial income | 75 | €529 | €1,153 | +€624 | +117.9% |
| Financial charges | 65/66B | €428 | €254 | -€174 | -40.7% |
| Recurring financial charges | 65 | €428 | €254 | -€174 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €13,128 | €2,701 | -€10,428 | -79.4% |
| Income taxes | 67/77 | €4,911 | €1,735 | -€3,176 | -64.7% |
| Profit (loss) for the period | 9904 | €8,218 | €966 | -€7,252 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,218 | €966 | -€7,252 | -88.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.