MAREKNOW: 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.
MAREKNOW
Largest movements
- Receivables within one year +€9,270
up €9,270 (+145,528%), from €6 to €9,277
of which Trade receivables: +€7,557
- Cash -€5,507
down €5,507 (-34.9%), from €15,786 to €10,279
mainly Receivables within one year (-€9,270) and Contributions, distributions and other (-€6,375)
- Tangible fixed assets -€1,719
down €1,719 (-28.9%), from €5,944 to €4,225
of which Plant, machinery and equipment: -€2,986
- Profit (loss) carried forward +€1,601
up €1,601 (+25.1%), from €6,378 to €7,979
- Tax, wage and social debts +€1,331
up €1,331 (+30.9%), from €4,301 to €5,631
- Trade debts -€915
down €915 (-28.4%), from €3,227 to €2,312
- Gross operating margin +€7,104
up €7,104 (+78.4%), from €9,058 to €16,162
- Taxes +€937
up €937 (+40.0%), from €2,343 to €3,280
- Depreciation +€576
up €576 (+17.5%), from €3,297 to €3,873
- Other operating charges -€194
down €194 (-17.3%), from €1,119 to €926
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 | €21,737 | €23,781 | +€2,044 | +9.4% |
| Fixed assets | 21/28 | €5,944 | €4,225 | -€1,719 | -28.9% |
| Tangible fixed assets | 22/27 | €5,944 | €4,225 | -€1,719 | -28.9% |
| Plant, machinery and equipment | 23 | €4,333 | €1,347 | -€2,986 | -68.9% |
| Furniture and vehicles | 24 | €1,611 | €2,878 | +€1,267 | +78.6% |
| Current assets | 29/58 | €15,793 | €19,556 | +€3,763 | +23.8% |
| Amounts receivable within one year | 40/41 | €6 | €9,277 | +€9,270 | +145,528% |
| Trade receivables | 40 | - | €7,557 | +€7,557 | |
| Other amounts receivable | 41 | €6 | €1,720 | +€1,714 | +26,900% |
| Cash at bank and in hand | 54/58 | €15,786 | €10,279 | -€5,507 | -34.9% |
| Total equity and liabilities | 10/49 | €21,737 | €23,781 | +€2,044 | +9.4% |
| Equity | 10/15 | €11,378 | €12,979 | +€1,601 | +14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,378 | €7,979 | +€1,601 | +25.1% |
| Amounts payable | 17/49 | €10,359 | €10,802 | +€443 | +4.3% |
| Amounts payable within one year | 42/48 | €10,359 | €10,802 | +€443 | +4.3% |
| Trade debts | 44 | €3,227 | €2,312 | -€915 | -28.4% |
| Suppliers | 440/4 | €3,227 | €2,312 | -€915 | -28.4% |
| Taxes, remuneration and social security | 45 | €4,301 | €5,631 | +€1,331 | +30.9% |
| Taxes | 450/3 | €4,301 | €5,631 | +€1,331 | +30.9% |
| Other amounts payable | 47/48 | €2,831 | €2,859 | +€28 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,297 | €3,873 | +€576 | +17.5% |
| Other operating charges | 640/8 | €1,119 | €926 | -€194 | -17.3% |
| Gross operating margin | 9900 | €9,058 | €16,162 | +€7,104 | +78.4% |
| Operating profit (loss) | 9901 | €4,641 | €11,363 | +€6,722 | +145% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €121 | €108 | -€13 | -11.1% |
| Recurring financial charges | 65 | €121 | €108 | -€13 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €4,520 | €11,256 | +€6,735 | +149% |
| Income taxes | 67/77 | €2,343 | €3,280 | +€937 | +40.0% |
| Profit (loss) for the period | 9904 | €2,177 | €7,976 | +€5,798 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €2,177 | €7,976 | +€5,798 | +266% |
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 17 October 2026 via checked.be.