Margiocri: 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.
Margiocri
Largest movements
- Tangible fixed assets +€356,829
up €356,829 (+299.9%), from €118,964 to €475,793
of which Land and buildings: +€285,408
- Cash -€283,391
down €283,391 (-92.5%), from €306,507 to €23,117
mainly Investment in fixed assets (net) (-€412,836) and Net result for the year (-€115,549)
- Receivables within one year +€30,051
up €30,051 (+59.1%), from €50,828 to €80,880
of which Trade receivables: +€29,872
- Debts after one year +€115,688
up €115,688 (+54.2%), from €213,642 to €329,329
- Profit (loss) carried forward -€115,549
down €115,549 (-72.8%), from €158,747 to €43,198
- Other debts +€82,714
up €82,714 (+924.5%), from €8,947 to €91,660
- Current portion of long-term debt +€13,382
up €13,382 (+67.2%), from €19,910 to €33,292
- Tax, wage and social debts -€7,498
down €7,498 (-16.6%), from €45,118 to €37,619
of which Taxes: -€20,578
- Staff costs +€65,984
up €65,984 (+36.0%), from €183,541 to €249,525
- Gross operating margin -€65,265
down €65,265 (-23.6%), from €276,838 to €211,573
- Depreciation +€26,800
up €26,800 (+91.8%), from €29,207 to €56,007
- Taxes -€26,567
down €26,567 (-99.2%), from €26,788 to €222
- Financial charges +€10,234
up €10,234 (+95.8%), from €10,680 to €20,914
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 | €514,277 | €609,027 | +€94,751 | +18.4% |
| Fixed assets | 21/28 | €119,564 | €476,393 | +€356,829 | +298.4% |
| Tangible fixed assets | 22/27 | €118,964 | €475,793 | +€356,829 | +299.9% |
| Land and buildings | 22 | €72,218 | €357,626 | +€285,408 | +395.2% |
| Plant, machinery and equipment | 23 | €35,918 | €111,673 | +€75,755 | +210.9% |
| Furniture and vehicles | 24 | €10,828 | €6,494 | -€4,334 | -40.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €394,713 | €132,635 | -€262,078 | -66.4% |
| Stocks and contracts in progress | 3 | €34,241 | €28,213 | -€6,028 | -17.6% |
| Stocks | 30/36 | €34,241 | €28,213 | -€6,028 | -17.6% |
| Amounts receivable within one year | 40/41 | €50,828 | €80,880 | +€30,051 | +59.1% |
| Trade receivables | 40 | €50,828 | €80,701 | +€29,872 | +58.8% |
| Other amounts receivable | 41 | - | €179 | +€179 | |
| Cash at bank and in hand | 54/58 | €306,507 | €23,117 | -€283,391 | -92.5% |
| Deferred charges and accrued income | 490/1 | €3,136 | €425 | -€2,711 | -86.4% |
| Total equity and liabilities | 10/49 | €514,277 | €609,027 | +€94,751 | +18.4% |
| Equity | 10/15 | €168,747 | €53,198 | -€115,549 | -68.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,747 | €43,198 | -€115,549 | -72.8% |
| Amounts payable | 17/49 | €345,530 | €555,829 | +€210,299 | +60.9% |
| Amounts payable after more than one year | 17 | €213,642 | €329,329 | +€115,688 | +54.2% |
| Financial debts | 170/4 | €213,642 | €329,329 | +€115,688 | +54.2% |
| Amounts payable within one year | 42/48 | €131,888 | €226,500 | +€94,612 | +71.7% |
| Current portion of amounts payable after more than one year | 42 | €19,910 | €33,292 | +€13,382 | +67.2% |
| Trade debts | 44 | €57,914 | €63,365 | +€5,451 | +9.4% |
| Suppliers | 440/4 | €57,914 | €63,365 | +€5,451 | +9.4% |
| Advances received on contracts in progress | 46 | - | €563 | +€563 | |
| Taxes, remuneration and social security | 45 | €45,118 | €37,619 | -€7,498 | -16.6% |
| Taxes | 450/3 | €26,526 | €5,947 | -€20,578 | -77.6% |
| Remuneration and social security | 454/9 | €18,592 | €31,672 | +€13,080 | +70.4% |
| Other amounts payable | 47/48 | €8,947 | €91,660 | +€82,714 | +924.5% |
| Remuneration, social security and pensions | 62 | €183,541 | €249,525 | +€65,984 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,207 | €56,007 | +€26,800 | +91.8% |
| Other operating charges | 640/8 | €1,906 | €584 | -€1,322 | -69.3% |
| Non-recurring operating charges | 66A | €7,311 | - | -€7,311 | |
| Gross operating margin | 9900 | €276,838 | €211,573 | -€65,265 | -23.6% |
| Operating profit (loss) | 9901 | €54,873 | -€94,544 | -€149,417 | |
| Financial income | 75/76B | €237 | €130 | -€107 | -45.0% |
| Recurring financial income | 75 | €237 | €130 | -€107 | -45.0% |
| Financial charges | 65/66B | €10,680 | €20,914 | +€10,234 | +95.8% |
| Recurring financial charges | 65 | €10,680 | €20,914 | +€10,234 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €44,430 | -€115,327 | -€159,757 | |
| Income taxes | 67/77 | €26,788 | €222 | -€26,567 | -99.2% |
| Profit (loss) for the period | 9904 | €17,642 | -€115,549 | -€133,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,642 | -€115,549 | -€133,190 |
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 5 October 2026 via checked.be.