MARCUS M.: 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.
MARCUS M.
Largest movements
- Tangible fixed assets -€2,832
down €2,832 (-13.5%), from €20,947 to €18,115
- Cash -€2,497
down €2,497 (-10.2%), from €24,411 to €21,915
mainly Net result for the year (-€2,705) and Other debts (-€2,624)
- Profit (loss) carried forward -€2,705
down €2,705 (-5.1%), from -€52,996 to -€55,701
- Other debts -€2,624
down €2,624 (-10.9%), from €23,987 to €21,363
- Gross operating margin +€1,228
up €1,228 (+145.5%), from €844 to €2,072
- Other operating charges +€49
up €49 (+3.1%), from €1,549 to €1,597
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 | €45,359 | €40,030 | -€5,329 | -11.7% |
| Fixed assets | 21/28 | €20,947 | €18,115 | -€2,832 | -13.5% |
| Tangible fixed assets | 22/27 | €20,947 | €18,115 | -€2,832 | -13.5% |
| Land and buildings | 22 | €20,947 | €18,115 | -€2,832 | -13.5% |
| Current assets | 29/58 | €24,411 | €21,915 | -€2,497 | -10.2% |
| Cash at bank and in hand | 54/58 | €24,411 | €21,915 | -€2,497 | -10.2% |
| Total equity and liabilities | 10/49 | €45,359 | €40,030 | -€5,329 | -11.7% |
| Equity | 10/15 | €21,372 | €18,667 | -€2,705 | -12.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,996 | -€55,701 | -€2,705 | -5.1% |
| Amounts payable | 17/49 | €23,987 | €21,363 | -€2,624 | -10.9% |
| Amounts payable within one year | 42/48 | €23,987 | €21,363 | -€2,624 | -10.9% |
| Other amounts payable | 47/48 | €23,987 | €21,363 | -€2,624 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,832 | €2,832 | = | 0.0% |
| Other operating charges | 640/8 | €1,549 | €1,597 | +€49 | +3.1% |
| Gross operating margin | 9900 | €844 | €2,072 | +€1,228 | +145.5% |
| Operating profit (loss) | 9901 | -€3,537 | -€2,357 | +€1,180 | +33.4% |
| Financial charges | 65/66B | €343 | €348 | +€6 | +1.6% |
| Recurring financial charges | 65 | €343 | €348 | +€6 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,879 | -€2,705 | +€1,174 | +30.3% |
| Profit (loss) for the period | 9904 | -€3,879 | -€2,705 | +€1,174 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,879 | -€2,705 | +€1,174 | +30.3% |
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 29 September 2026 via checked.be.