Mardi.be: 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.
Mardi.be
Largest movements
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash +€130,784
up €130,784 (+152%), from €86,132 to €216,916
mainly Current investments (+€150,000) and Other debts (+€38,725)
- Receivables within one year +€37,926
up €37,926 (+68.8%), from €55,128 to €93,054
of which Trade receivables: +€34,761
- Tangible fixed assets -€3,330
down €3,330 (-44.6%), from €7,460 to €4,130
of which Furniture and vehicles: -€2,923
- Other debts +€38,725
up €38,725 (+2,381%), from €1,626 to €40,352
- Reserves -€14,804
down €14,804 (-6.6%), from €225,941 to €211,137
- Tax, wage and social debts -€14,203
down €14,203 (-60.0%), from €23,669 to €9,466
- Gross operating margin -€52,505
down €52,505 (-56.7%), from €92,574 to €40,070
- Taxes -€14,749
down €14,749 (-50.0%), from €29,523 to €14,774
- Depreciation -€3,660
down €3,660 (-52.4%), from €6,990 to €3,330
- Financial income -€977
down €977 (-34.2%), from €2,855 to €1,877
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 | €307,683 | €320,610 | +€12,927 | +4.2% |
| Fixed assets | 21/28 | €7,971 | €4,130 | -€3,841 | -48.2% |
| Tangible fixed assets | 22/27 | €7,460 | €4,130 | -€3,330 | -44.6% |
| Plant, machinery and equipment | 23 | €2,438 | €2,031 | -€408 | -16.7% |
| Furniture and vehicles | 24 | €5,021 | €2,099 | -€2,923 | -58.2% |
| Financial fixed assets | 28 | €511 | €0 | -€511 | -100% |
| Current assets | 29/58 | €299,712 | €316,481 | +€16,768 | +5.6% |
| Amounts receivable within one year | 40/41 | €55,128 | €93,054 | +€37,926 | +68.8% |
| Trade receivables | 40 | €55,054 | €89,815 | +€34,761 | +63.1% |
| Other amounts receivable | 41 | €74 | €3,239 | +€3,165 | +4,259% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €86,132 | €216,916 | +€130,784 | +152% |
| Deferred charges and accrued income | 490/1 | €8,452 | €6,510 | -€1,942 | -23.0% |
| Total equity and liabilities | 10/49 | €307,683 | €320,610 | +€12,927 | +4.2% |
| Equity | 10/15 | €275,895 | €261,091 | -€14,804 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,941 | €211,137 | -€14,804 | -6.6% |
| Distributable reserves | 133 | €225,941 | €211,137 | -€14,804 | -6.6% |
| Profit (loss) carried forward | 14 | €43,754 | €43,754 | = | 0.0% |
| Amounts payable | 17/49 | €31,788 | €59,519 | +€27,731 | +87.2% |
| Amounts payable within one year | 42/48 | €31,788 | €58,970 | +€27,183 | +85.5% |
| Financial debts | 43 | €1,120 | €1,030 | -€89 | -8.0% |
| Credit institutions | 430/8 | €1,120 | €1,030 | -€89 | -8.0% |
| Trade debts | 44 | €5,372 | €8,123 | +€2,750 | +51.2% |
| Suppliers | 440/4 | €5,372 | €8,123 | +€2,750 | +51.2% |
| Taxes, remuneration and social security | 45 | €23,669 | €9,466 | -€14,203 | -60.0% |
| Taxes | 450/3 | €23,669 | €9,466 | -€14,203 | -60.0% |
| Other amounts payable | 47/48 | €1,626 | €40,352 | +€38,725 | +2,381% |
| Accrued charges and deferred income | 492/3 | - | €549 | +€549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,990 | €3,330 | -€3,660 | -52.4% |
| Other operating charges | 640/8 | €871 | €1,264 | +€394 | +45.2% |
| Gross operating margin | 9900 | €92,574 | €40,070 | -€52,505 | -56.7% |
| Operating profit (loss) | 9901 | €84,714 | €35,475 | -€49,238 | -58.1% |
| Financial income | 75/76B | €2,855 | €1,877 | -€977 | -34.2% |
| Recurring financial income | 75 | €2,855 | €1,877 | -€977 | -34.2% |
| Financial charges | 65/66B | €382 | €1,019 | +€637 | +167% |
| Recurring financial charges | 65 | €382 | €1,019 | +€637 | +167% |
| Profit (loss) for the period before taxes | 9903 | €87,186 | €36,334 | -€50,853 | -58.3% |
| Income taxes | 67/77 | €29,523 | €14,774 | -€14,749 | -50.0% |
| Profit (loss) for the period | 9904 | €57,663 | €21,560 | -€36,103 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,663 | €21,560 | -€36,103 | -62.6% |
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 18 October 2026 via checked.be.