MARGJINI PARTNERS: what changed
MARGJINI PARTNERS
Largest movements
- Receivables within one year -€17,340
down €17,340 (-57.2%), from €30,340 to €13,000
of which Trade receivables: -€18,826
- Cash +€8,069
up €8,069 (+46.2%), from €17,456 to €25,525
mainly Net result for the year (+€25,935) and Receivables within one year (+€17,340)
- Profit (loss) carried forward +€25,935
up €25,935 (+45.1%), from -€57,537 to -€31,601
- Tax, wage and social debts -€18,833
down €18,833 (-28.1%), from €66,949 to €48,116
of which Remuneration and social security: -€24,468
- Trade debts -€16,336
down €16,336 (-44.4%), from €36,796 to €20,460
- Gross operating margin +€48,602
up €48,602 (+16.6%), from €292,249 to €340,851
- Staff costs +€14,191
up €14,191 (+4.9%), from €288,796 to €302,987
- Taxes -€5,604
down €5,604 (-45.6%), from €12,292 to €6,688
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,786 | €43,175 | -€9,610 | -18.2% |
| Fixed assets | 21/28 | €4,650 | €4,650 | = | 0.0% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €48,136 | €38,525 | -€9,610 | -20.0% |
| Amounts receivable within one year | 40/41 | €30,340 | €13,000 | -€17,340 | -57.2% |
| Trade receivables | 40 | €23,499 | €4,672 | -€18,826 | -80.1% |
| Other amounts receivable | 41 | €6,841 | €8,328 | +€1,486 | +21.7% |
| Cash at bank and in hand | 54/58 | €17,456 | €25,525 | +€8,069 | +46.2% |
| Deferred charges and accrued income | 490/1 | €339 | - | -€339 | |
| Total equity and liabilities | 10/49 | €52,786 | €43,175 | -€9,610 | -18.2% |
| Equity | 10/15 | -€51,337 | -€25,401 | +€25,935 | +50.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,537 | -€31,601 | +€25,935 | +45.1% |
| Amounts payable | 17/49 | €104,122 | €68,576 | -€35,546 | -34.1% |
| Amounts payable within one year | 42/48 | €104,122 | €68,576 | -€35,546 | -34.1% |
| Trade debts | 44 | €36,796 | €20,460 | -€16,336 | -44.4% |
| Suppliers | 440/4 | €36,796 | €20,460 | -€16,336 | -44.4% |
| Advances received on contracts in progress | 46 | €377 | - | -€377 | |
| Taxes, remuneration and social security | 45 | €66,949 | €48,116 | -€18,833 | -28.1% |
| Taxes | 450/3 | €1,357 | €6,992 | +€5,635 | +415% |
| Remuneration and social security | 454/9 | €65,592 | €41,124 | -€24,468 | -37.3% |
| Non-recurring operating income | 76A | - | €27,106 | +€27,106 | |
| Remuneration, social security and pensions | 62 | €288,796 | €302,987 | +€14,191 | +4.9% |
| Other operating charges | 640/8 | €1,782 | €4,506 | +€2,724 | +153% |
| Gross operating margin | 9900 | €292,249 | €340,851 | +€48,602 | +16.6% |
| Operating profit (loss) | 9901 | €1,671 | €33,358 | +€31,687 | +1,896% |
| Financial income | 75/76B | €4 | €1 | -€3 | -76.6% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -76.6% |
| Financial charges | 65/66B | €195 | €735 | +€541 | +278% |
| Recurring financial charges | 65 | €195 | €735 | +€541 | +278% |
| Profit (loss) for the period before taxes | 9903 | €1,480 | €32,624 | +€31,143 | +2,104% |
| Income taxes | 67/77 | €12,292 | €6,688 | -€5,604 | -45.6% |
| Profit (loss) for the period | 9904 | -€10,812 | €25,935 | +€36,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,812 | €25,935 | +€36,747 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.