MARCON GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-5.2%), from €22.0m to €20.8m
of which Land and buildings: -€1.0m
- Cash +€383,454
up €383,454 (+105%), from €364,561 to €748,015
mainly Net result for the year (+€1.5m) and Investment in fixed assets (net) (+€866,263)
- Receivables within one year +€350,294
up €350,294 (+53.7%), from €652,887 to €1.0m
of which Other amounts receivable: +€350,125
- Debts after one year -€1.3m
down €1.3m (-20.4%), from €6.5m to €5.2m
- Revaluation surpluses -€1.2m
down €1.2m (-7.9%), from €15.3m to €14.1m
- Reserves +€831,655
up €831,655 (+12.7%), from €6.6m to €7.4m
of which Tax-exempt reserves: +€831,655
- Profit (loss) carried forward +€681,892
up €681,892 (+11.1%), from -€6.1m to -€5.4m
- Provisions +€372,741
new in 2025: €372,741
- Turnover -€4.0m
no longer reported in 2025 (was €4.0m)
- Purchases and services -€970,608
no longer reported in 2025 (was €970,608)
- Taxes -€429,441
down €429,441 (-64.2%), from €668,691 to €239,250
- Financial charges -€167,012
down €167,012 (-46.3%), from €360,873 to €193,860
- Gross operating margin -€114,472
down €114,472 (-3.8%), from €3.0m to €2.9m
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 | €22,997,903 | €22,587,267 | -€410,636 | -1.8% |
| Fixed assets | 21/28 | €21,980,456 | €20,836,072 | -€1.1m | -5.2% |
| Tangible fixed assets | 22/27 | €21,980,456 | €20,836,072 | -€1.1m | -5.2% |
| Land and buildings | 22 | €21,760,000 | €20,725,000 | -€1.0m | -4.8% |
| Furniture and vehicles | 24 | €220,456 | €111,072 | -€109,384 | -49.6% |
| Current assets | 29/58 | €1,017,447 | €1,751,195 | +€733,748 | +72.1% |
| Amounts receivable within one year | 40/41 | €652,887 | €1,003,180 | +€350,294 | +53.7% |
| Trade receivables | 40 | €4,316 | €4,485 | +€169 | +3.9% |
| Other amounts receivable | 41 | €648,571 | €998,695 | +€350,125 | +54.0% |
| Cash at bank and in hand | 54/58 | €364,561 | €748,015 | +€383,454 | +105% |
| Total equity and liabilities | 10/49 | €22,997,903 | €22,587,267 | -€410,636 | -1.8% |
| Equity | 10/15 | €15,786,221 | €16,102,263 | +€316,042 | +2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €15,250,392 | €14,052,887 | -€1.2m | -7.9% |
| Reserves | 13 | €6,556,084 | €7,387,738 | +€831,655 | +12.7% |
| Non-distributable reserves | 130/1 | €29,374 | €29,374 | = | 0.0% |
| Legal reserve | 130 | €29,374 | €29,374 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,526,710 | €3,358,365 | +€831,655 | +32.9% |
| Distributable reserves | 133 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,120,255 | -€5,438,362 | +€681,892 | +11.1% |
| Provisions and deferred taxes | 16 | - | €372,741 | +€372,741 | |
| Deferred taxes | 168 | - | €372,741 | +€372,741 | |
| Amounts payable | 17/49 | €7,211,683 | €6,112,263 | -€1.1m | -15.2% |
| Amounts payable after more than one year | 17 | €6,538,362 | €5,205,333 | -€1.3m | -20.4% |
| Financial debts | 170/4 | €6,538,362 | €5,205,333 | -€1.3m | -20.4% |
| Amounts payable within one year | 42/48 | €477,871 | €714,713 | +€236,843 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €289,947 | €552,123 | +€262,176 | +90.4% |
| Trade debts | 44 | €74,390 | €51,059 | -€23,331 | -31.4% |
| Suppliers | 440/4 | €74,390 | €51,059 | -€23,331 | -31.4% |
| Taxes, remuneration and social security | 45 | €108,691 | €108,691 | = | 0.0% |
| Taxes | 450/3 | €108,691 | €108,691 | = | 0.0% |
| Other amounts payable | 47/48 | €4,843 | €2,840 | -€2,003 | -41.4% |
| Accrued charges and deferred income | 492/3 | €195,449 | €192,217 | -€3,233 | -1.7% |
| Turnover | 70 | €3,994,656 | - | -€4.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €970,608 | - | -€970,608 | |
| Remuneration, social security and pensions | 62 | €197,473 | €157,127 | -€40,346 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,550 | €278,121 | -€39,430 | -12.4% |
| Other operating charges | 640/8 | €123,330 | €113,601 | -€9,729 | -7.9% |
| Non-recurring operating charges | 66A | - | €41,328 | +€41,328 | |
| Gross operating margin | 9900 | €3,024,047 | €2,909,575 | -€114,472 | -3.8% |
| Operating profit (loss) | 9901 | €2,385,693 | €2,319,399 | -€66,295 | -2.8% |
| Financial charges | 65/66B | €360,873 | €193,860 | -€167,012 | -46.3% |
| Recurring financial charges | 65 | €360,873 | €193,860 | -€167,012 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €2,024,821 | €2,125,538 | +€100,717 | +5.0% |
| Transfer from deferred taxes | 780 | - | €2,587 | +€2,587 | |
| Transfer to deferred taxes | 680 | - | €375,328 | +€375,328 | |
| Income taxes | 67/77 | €668,691 | €239,250 | -€429,441 | -64.2% |
| Profit (loss) for the period | 9904 | €1,356,130 | €1,513,547 | +€157,418 | +11.6% |
| Transfer from tax-exempt reserves | 789 | €216,614 | €294,331 | +€77,717 | +35.9% |
| Transfer to tax-exempt reserves | 689 | - | €1,125,985 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,572,743 | €681,892 | -€890,851 | -56.6% |
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 26 October 2026 via checked.be.