MARCRO: what changed
Two fiscal 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.
MARCRO
Largest movements
- Cash -€1,981
down €1,981 (-51.9%), from €3,819 to €1,838
mainly Investment in fixed assets (net) (-€11,152) and Net result for the year (-€10,669)
- Other debts +€14,231
up €14,231 (+110.4%), from €12,894 to €27,125
- Profit (loss) carried forward -€10,669
down €10,669 (-40.6%), from -€26,272 to -€36,941
- Debts after one year -€2,197
no longer reported in 2025 (was €2,197)
- Trade debts -€1,978
down €1,978 (-93.8%), from €2,109 to €132
- Depreciation +€1,667
up €1,667 (+19.0%), from €8,769 to €10,435
- Gross operating margin -€555
down €555 (-17.2%), from €3,223 to €2,668
- Financial charges -€432
down €432 (-58.2%), from €743 to €311
- Other operating charges -€400
down €400 (-13.5%), from €2,971 to €2,571
- Financial income +€133
up €133 (+627.8%), from €21 to €154
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 | €125,163 | €123,981 | -€1,182 | -0.9% |
| Fixed assets | 21/28 | €120,487 | €121,204 | +€717 | +0.6% |
| Tangible fixed assets | 22/27 | €120,487 | €121,204 | +€717 | +0.6% |
| Land and buildings | 22 | €115,575 | €119,447 | +€3,872 | +3.3% |
| Plant, machinery and equipment | 23 | €343 | - | -€343 | |
| Leasing and similar rights | 25 | €4,570 | €1,758 | -€2,812 | -61.5% |
| Current assets | 29/58 | €4,676 | €2,777 | -€1,898 | -40.6% |
| Cash at bank and in hand | 54/58 | €3,819 | €1,838 | -€1,981 | -51.9% |
| Deferred charges and accrued income | 490/1 | €857 | €940 | +€83 | +9.7% |
| Total equity and liabilities | 10/49 | €125,163 | €123,981 | -€1,182 | -0.9% |
| Equity | 10/15 | €105,037 | €94,368 | -€10,669 | -10.2% |
| Contributions | 10/11 | €22,318 | €22,318 | = | 0.0% |
| Revaluation surpluses | 12 | €46,928 | €46,928 | = | 0.0% |
| Reserves | 13 | €62,063 | €62,063 | = | 0.0% |
| Distributable reserves | 133 | €62,063 | €62,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,272 | -€36,941 | -€10,669 | -40.6% |
| Amounts payable | 17/49 | €20,126 | €29,613 | +€9,487 | +47.1% |
| Amounts payable after more than one year | 17 | €2,197 | - | -€2,197 | |
| Financial debts | 170/4 | €2,197 | - | -€2,197 | |
| Amounts payable within one year | 42/48 | €17,929 | €29,613 | +€11,685 | +65.2% |
| Current portion of amounts payable after more than one year | 42 | €2,765 | €2,196 | -€569 | -20.6% |
| Trade debts | 44 | €2,109 | €132 | -€1,978 | -93.8% |
| Suppliers | 440/4 | €2,109 | €132 | -€1,978 | -93.8% |
| Taxes, remuneration and social security | 45 | €160 | €160 | = | 0.0% |
| Taxes | 450/3 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €12,894 | €27,125 | +€14,231 | +110.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,769 | €10,435 | +€1,667 | +19.0% |
| Other operating charges | 640/8 | €2,971 | €2,571 | -€400 | -13.5% |
| Gross operating margin | 9900 | €3,223 | €2,668 | -€555 | -17.2% |
| Operating profit (loss) | 9901 | -€8,517 | -€10,338 | -€1,822 | -21.4% |
| Financial income | 75/76B | €21 | €154 | +€133 | +627.8% |
| Recurring financial income | 75 | €21 | €154 | +€133 | +627.8% |
| Financial charges | 65/66B | €743 | €311 | -€432 | -58.2% |
| Recurring financial charges | 65 | €743 | €311 | -€432 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,238 | -€10,495 | -€1,256 | -13.6% |
| Income taxes | 67/77 | €180 | €174 | -€6 | -3.2% |
| Profit (loss) for the period | 9904 | -€9,419 | -€10,669 | -€1,250 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,419 | -€10,669 | -€1,250 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.