MarCoom: 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.
MarCoom
Largest movements
- Cash +€31,552
up €31,552 (+190%), from €16,581 to €48,133
mainly Net result for the year (+€27,540) and Tax, wage and social debts (+€11,764)
- Tangible fixed assets +€2,660
up €2,660 (+13.8%), from €19,254 to €21,914
of which Other tangible fixed assets: +€1,472
- Receivables within one year -€2,568
down €2,568 (-11.6%), from €22,103 to €19,535
- Intangible fixed assets -€1,990
down €1,990 (-25.0%), from €7,960 to €5,970
- Profit (loss) carried forward +€27,540
up €27,540 (+124%), from €22,294 to €49,833
- Tax, wage and social debts +€11,764
up €11,764 (+61.2%), from €19,235 to €30,999
of which Taxes: +€11,516
- Trade debts -€8,049
down €8,049 (-71.7%), from €11,224 to €3,174
- Other debts -€1,146
no longer reported in 2025 (was €1,146)
- Depreciation +€2,053
up €2,053 (+53.4%), from €3,841 to €5,894
- Taxes +€1,397
up €1,397 (+13.2%), from €10,546 to €11,943
- Gross operating margin -€1,334
down €1,334 (-2.9%), from €46,724 to €45,390
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 | €65,898 | €96,006 | +€30,108 | +45.7% |
| Fixed assets | 21/28 | €27,214 | €27,884 | +€670 | +2.5% |
| Intangible fixed assets | 21 | €7,960 | €5,970 | -€1,990 | -25.0% |
| Tangible fixed assets | 22/27 | €19,254 | €21,914 | +€2,660 | +13.8% |
| Plant, machinery and equipment | 23 | €1,460 | €2,692 | +€1,232 | +84.4% |
| Furniture and vehicles | 24 | €5,342 | €5,299 | -€44 | -0.8% |
| Other tangible fixed assets | 26 | €12,451 | €13,923 | +€1,472 | +11.8% |
| Current assets | 29/58 | €38,684 | €68,122 | +€29,438 | +76.1% |
| Amounts receivable within one year | 40/41 | €22,103 | €19,535 | -€2,568 | -11.6% |
| Trade receivables | 40 | €22,103 | €19,535 | -€2,568 | -11.6% |
| Cash at bank and in hand | 54/58 | €16,581 | €48,133 | +€31,552 | +190% |
| Deferred charges and accrued income | 490/1 | - | €455 | +€455 | |
| Total equity and liabilities | 10/49 | €65,898 | €96,006 | +€30,108 | +45.7% |
| Equity | 10/15 | €34,294 | €61,833 | +€27,540 | +80.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,294 | €49,833 | +€27,540 | +124% |
| Amounts payable | 17/49 | €31,604 | €34,173 | +€2,569 | +8.1% |
| Amounts payable within one year | 42/48 | €31,604 | €34,173 | +€2,569 | +8.1% |
| Trade debts | 44 | €11,224 | €3,174 | -€8,049 | -71.7% |
| Suppliers | 440/4 | €11,224 | €3,174 | -€8,049 | -71.7% |
| Taxes, remuneration and social security | 45 | €19,235 | €30,999 | +€11,764 | +61.2% |
| Taxes | 450/3 | €18,034 | €29,550 | +€11,516 | +63.9% |
| Remuneration and social security | 454/9 | €1,201 | €1,449 | +€249 | +20.7% |
| Other amounts payable | 47/48 | €1,146 | - | -€1,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,841 | €5,894 | +€2,053 | +53.4% |
| Gross operating margin | 9900 | €46,724 | €45,390 | -€1,334 | -2.9% |
| Operating profit (loss) | 9901 | €42,883 | €39,496 | -€3,387 | -7.9% |
| Financial income | 75/76B | €8 | €118 | +€110 | +1,429% |
| Recurring financial income | 75 | €8 | €118 | +€110 | +1,429% |
| Financial charges | 65/66B | €51 | €131 | +€81 | +159% |
| Recurring financial charges | 65 | €51 | €131 | +€81 | +159% |
| Profit (loss) for the period before taxes | 9903 | €42,840 | €39,483 | -€3,357 | -7.8% |
| Income taxes | 67/77 | €10,546 | €11,943 | +€1,397 | +13.2% |
| Profit (loss) for the period | 9904 | €32,294 | €27,540 | -€4,754 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,294 | €27,540 | -€4,754 | -14.7% |
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 18 October 2026 via checked.be.