MARCONYA: 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.
MARCONYA
Largest movements
- Receivables after one year +€100,000
up €100,000 (+15.6%), from €640,000 to €740,000
- Receivables within one year +€60,654
up €60,654 (+6.8%), from €890,767 to €951,421
of which Other amounts receivable: +€133,298
- Cash -€52,433
down €52,433 (-58.8%), from €89,129 to €36,696
mainly Contributions, distributions and other (-€200,000) and Receivables after one year (-€100,000)
- Other debts +€90,269
up €90,269 (+22.6%), from €399,028 to €489,297
- Profit (loss) carried forward +€43,001
up €43,001 (+3.3%), from €1.3m to €1.4m
- Gross operating margin -€82,284
down €82,284 (-32.1%), from €256,247 to €173,963
- Taxes -€20,471
down €20,471 (-33.8%), from €60,564 to €40,093
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 | €1,963,625 | €2,067,361 | +€103,736 | +5.3% |
| Fixed assets | 21/28 | €336,821 | €326,427 | -€10,394 | -3.1% |
| Tangible fixed assets | 22/27 | €141,821 | €131,427 | -€10,394 | -7.3% |
| Land and buildings | 22 | €135,288 | €127,820 | -€7,469 | -5.5% |
| Plant, machinery and equipment | 23 | €2,507 | €1,566 | -€942 | -37.6% |
| Furniture and vehicles | 24 | €4,026 | €2,042 | -€1,984 | -49.3% |
| Financial fixed assets | 28 | €195,000 | €195,000 | = | 0.0% |
| Current assets | 29/58 | €1,626,804 | €1,740,934 | +€114,131 | +7.0% |
| Amounts receivable after more than one year | 29 | €640,000 | €740,000 | +€100,000 | +15.6% |
| Other amounts receivable | 291 | €640,000 | €740,000 | +€100,000 | +15.6% |
| Amounts receivable within one year | 40/41 | €890,767 | €951,421 | +€60,654 | +6.8% |
| Trade receivables | 40 | €316,240 | €243,595 | -€72,645 | -23.0% |
| Other amounts receivable | 41 | €574,527 | €707,826 | +€133,298 | +23.2% |
| Cash at bank and in hand | 54/58 | €89,129 | €36,696 | -€52,433 | -58.8% |
| Deferred charges and accrued income | 490/1 | €6,907 | €12,817 | +€5,910 | +85.6% |
| Total equity and liabilities | 10/49 | €1,963,625 | €2,067,361 | +€103,736 | +5.3% |
| Equity | 10/15 | €1,448,938 | €1,491,940 | +€43,001 | +3.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | - | -€125,000 | |
| Issued capital | 100 | €125,000 | - | -€125,000 | |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | - | -€12,500 | |
| Legal reserve | 130 | €12,500 | - | -€12,500 | |
| Distributable reserves | 133 | - | €12,500 | +€12,500 | |
| Profit (loss) carried forward | 14 | €1,311,438 | €1,354,440 | +€43,001 | +3.3% |
| Amounts payable | 17/49 | €514,687 | €575,422 | +€60,735 | +11.8% |
| Amounts payable after more than one year | 17 | €23,886 | €11,382 | -€12,504 | -52.3% |
| Financial debts | 170/4 | €23,886 | €11,382 | -€12,504 | -52.3% |
| Amounts payable within one year | 42/48 | €490,801 | €564,040 | +€73,239 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €26,253 | €26,085 | -€168 | -0.6% |
| Trade debts | 44 | €12,593 | €9,565 | -€3,028 | -24.0% |
| Suppliers | 440/4 | €12,593 | €9,565 | -€3,028 | -24.0% |
| Taxes, remuneration and social security | 45 | €52,927 | €39,092 | -€13,834 | -26.1% |
| Taxes | 450/3 | €52,927 | €39,092 | -€13,834 | -26.1% |
| Other amounts payable | 47/48 | €399,028 | €489,297 | +€90,269 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,909 | €10,394 | +€485 | +4.9% |
| Other operating charges | 640/8 | €2,351 | €2,439 | +€87 | +3.7% |
| Gross operating margin | 9900 | €256,247 | €173,963 | -€82,284 | -32.1% |
| Operating profit (loss) | 9901 | €243,986 | €161,130 | -€82,856 | -34.0% |
| Financial income | 75/76B | €133,500 | €135,000 | +€1,500 | +1.1% |
| Recurring financial income | 75 | €133,500 | €135,000 | +€1,500 | +1.1% |
| Financial charges | 65/66B | €12,721 | €13,036 | +€315 | +2.5% |
| Recurring financial charges | 65 | €12,721 | €13,036 | +€315 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €364,765 | €283,094 | -€81,671 | -22.4% |
| Income taxes | 67/77 | €60,564 | €40,093 | -€20,471 | -33.8% |
| Profit (loss) for the period | 9904 | €304,201 | €243,001 | -€61,200 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €304,201 | €243,001 | -€61,200 | -20.1% |
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 16 October 2026 via checked.be.