MAREK RENOVATION: 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.
MAREK RENOVATION
Largest movements
- Receivables within one year +€11,050
up €11,050 (+290%), from €3,810 to €14,860
of which Trade receivables: +€10,784
- Tangible fixed assets +€978
up €978 (+52.4%), from €1,864 to €2,842
- Cash -€842
down €842 (-53.9%), from €1,563 to €721
mainly Receivables within one year (-€11,050) and Investment in fixed assets (net) (-€4,791)
- Trade debts +€9,198
up €9,198 (+476%), from €1,934 to €11,131
- Tax, wage and social debts +€1,743
up €1,743 (+698%), from €250 to €1,993
- Profit (loss) carried forward +€741
up €741 (+6.9%), from -€10,665 to -€9,924
- Other debts -€412
no longer reported in 2025 (was €412)
- Other operating charges +€585
up €585 (+42.8%), from €1,366 to €1,951
- Taxes +€426
up €426 (+195%), from €219 to €645
- Gross operating margin +€280
up €280 (+3.7%), from €7,504 to €7,784
- Financial charges +€155
up €155 (+32.4%), from €478 to €634
- Depreciation -€108
down €108 (-2.7%), from €3,921 to €3,814
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 | €8,919 | €20,189 | +€11,270 | +126% |
| Fixed assets | 21/28 | €1,909 | €2,887 | +€978 | +51.2% |
| Tangible fixed assets | 22/27 | €1,864 | €2,842 | +€978 | +52.4% |
| Furniture and vehicles | 24 | €1,864 | €2,842 | +€978 | +52.4% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €7,010 | €17,302 | +€10,292 | +147% |
| Amounts receivable within one year | 40/41 | €3,810 | €14,860 | +€11,050 | +290% |
| Trade receivables | 40 | €3,200 | €13,984 | +€10,784 | +337% |
| Other amounts receivable | 41 | €610 | €876 | +€265 | +43.5% |
| Cash at bank and in hand | 54/58 | €1,563 | €721 | -€842 | -53.9% |
| Deferred charges and accrued income | 490/1 | €1,636 | €1,721 | +€84 | +5.2% |
| Total equity and liabilities | 10/49 | €8,919 | €20,189 | +€11,270 | +126% |
| Equity | 10/15 | €6,324 | €7,064 | +€741 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,789 | €10,789 | = | 0.0% |
| Distributable reserves | 133 | €10,789 | €10,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,665 | -€9,924 | +€741 | +6.9% |
| Amounts payable | 17/49 | €2,595 | €13,125 | +€10,529 | +406% |
| Amounts payable within one year | 42/48 | €2,595 | €13,125 | +€10,529 | +406% |
| Trade debts | 44 | €1,934 | €11,131 | +€9,198 | +476% |
| Suppliers | 440/4 | €1,934 | €11,131 | +€9,198 | +476% |
| Taxes, remuneration and social security | 45 | €250 | €1,993 | +€1,743 | +698% |
| Taxes | 450/3 | €250 | €1,993 | +€1,743 | +698% |
| Other amounts payable | 47/48 | €412 | - | -€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,921 | €3,814 | -€108 | -2.7% |
| Other operating charges | 640/8 | €1,366 | €1,951 | +€585 | +42.8% |
| Gross operating margin | 9900 | €7,504 | €7,784 | +€280 | +3.7% |
| Operating profit (loss) | 9901 | €2,216 | €2,019 | -€197 | -8.9% |
| Financial income | 75/76B | €11 | €0 | -€10 | -97.0% |
| Recurring financial income | 75 | €11 | €0 | -€10 | -97.0% |
| Financial charges | 65/66B | €478 | €634 | +€155 | +32.4% |
| Recurring financial charges | 65 | €478 | €634 | +€155 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €1,748 | €1,386 | -€362 | -20.7% |
| Income taxes | 67/77 | €219 | €645 | +€426 | +195% |
| Profit (loss) for the period | 9904 | €1,530 | €741 | -€789 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530 | €741 | -€789 | -51.6% |
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 25 October 2026 via checked.be.