MARGI: 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.
MARGI
Largest movements
- Receivables within one year -€7,531
down €7,531 (-27.0%), from €27,895 to €20,364
of which Other amounts receivable: -€7,531
- Other debts -€4,959
no longer reported in 2025 (was €4,959)
- Profit (loss) carried forward -€2,178
down €2,178 (-8.8%), from -€24,688 to -€26,866
- Other operating charges +€528
up €528 (+48.0%), from €1,100 to €1,628
- Gross operating margin +€215
up €215 (+35.0%), from -€615 to -€400
- Financial charges +€15
up €15 (+11.1%), from €135 to €150
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 | €43,034 | €35,656 | -€7,378 | -17.1% |
| Fixed assets | 21/28 | €7,437 | €7,437 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,437 | €7,437 | = | 0.0% |
| Land and buildings | 22 | €7,437 | €7,437 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €35,597 | €28,219 | -€7,378 | -20.7% |
| Stocks and contracts in progress | 3 | €7,255 | €7,255 | = | 0.0% |
| Stocks | 30/36 | €7,255 | €7,255 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,895 | €20,364 | -€7,531 | -27.0% |
| Trade receivables | 40 | €10,176 | €10,176 | = | 0.0% |
| Other amounts receivable | 41 | €17,719 | €10,188 | -€7,531 | -42.5% |
| Cash at bank and in hand | 54/58 | €447 | €600 | +€153 | +34.1% |
| Total equity and liabilities | 10/49 | €43,034 | €35,656 | -€7,378 | -17.1% |
| Equity | 10/15 | €37,804 | €35,626 | -€2,178 | -5.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €992 | €992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Legal reserve | 130 | - | €992 | +€992 | |
| Reserves not available under the articles | 1311 | €992 | - | -€992 | |
| Profit (loss) carried forward | 14 | -€24,688 | -€26,866 | -€2,178 | -8.8% |
| Amounts payable | 17/49 | €5,230 | €30 | -€5,200 | -99.4% |
| Amounts payable within one year | 42/48 | €5,230 | €30 | -€5,200 | -99.4% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €242 | - | -€242 | |
| Taxes | 450/3 | €242 | - | -€242 | |
| Other amounts payable | 47/48 | €4,959 | - | -€4,959 | |
| Other operating charges | 640/8 | €1,100 | €1,628 | +€528 | +48.0% |
| Gross operating margin | 9900 | -€615 | -€400 | +€215 | +35.0% |
| Operating profit (loss) | 9901 | -€1,715 | -€2,028 | -€313 | -18.2% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,850 | -€2,178 | -€328 | -17.7% |
| Profit (loss) for the period | 9904 | -€1,850 | -€2,178 | -€328 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,850 | -€2,178 | -€328 | -17.7% |
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 4 October 2026 via checked.be.