MARGO DESIGN: 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.
MARGO DESIGN
Largest movements
- Cash -€67,296
down €67,296 (-93.6%), from €71,931 to €4,635
mainly Net result for the year (-€175,314) and Stocks and contracts (-€47,918)
- Receivables within one year -€50,936
down €50,936 (-11.4%), from €447,230 to €396,295
of which Other amounts receivable: -€38,906
- Stocks and contracts +€47,918
up €47,918 (+29.7%), from €161,129 to €209,047
- Profit (loss) carried forward -€175,314
down €175,314 (-227.7%), from -€76,978 to -€252,292
- Trade debts +€124,858
up €124,858 (+45.8%), from €272,614 to €397,472
- Debts after one year -€42,857
down €42,857 (-38.7%), from €110,714 to €67,857
- Tax, wage and social debts +€31,841
up €31,841 (+884.9%), from €3,598 to €35,440
of which Remuneration and social security: +€35,440
- Gross operating margin -€117,435
down €117,435 (-44.0%), from €266,699 to €149,264
- Staff costs +€20,625
up €20,625 (+7.5%), from €273,907 to €294,533
- Depreciation -€8,321
down €8,321 (-31.7%), from €26,279 to €17,958
- Financial income +€4,008
up €4,008 (+66.6%), from €6,017 to €10,025
of which Non-recurring financial income: +€4,500
- Other operating charges +€3,430
up €3,430 (+30.8%), from €11,126 to €14,556
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 | €747,077 | €679,884 | -€67,193 | -9.0% |
| Fixed assets | 21/28 | €66,786 | €65,274 | -€1,512 | -2.3% |
| Tangible fixed assets | 22/27 | €51,226 | €49,714 | -€1,512 | -3.0% |
| Land and buildings | 22 | €33,165 | €35,077 | +€1,912 | +5.8% |
| Plant, machinery and equipment | 23 | €17,149 | €4,413 | -€12,736 | -74.3% |
| Furniture and vehicles | 24 | €913 | €10,225 | +€9,312 | +1020.2% |
| Financial fixed assets | 28 | €15,560 | €15,560 | = | 0.0% |
| Current assets | 29/58 | €680,290 | €614,609 | -€65,681 | -9.7% |
| Stocks and contracts in progress | 3 | €161,129 | €209,047 | +€47,918 | +29.7% |
| Stocks | 30/36 | €161,129 | €209,047 | +€47,918 | +29.7% |
| Amounts receivable within one year | 40/41 | €447,230 | €396,295 | -€50,936 | -11.4% |
| Trade receivables | 40 | €144,669 | €132,639 | -€12,030 | -8.3% |
| Other amounts receivable | 41 | €302,561 | €263,655 | -€38,906 | -12.9% |
| Cash at bank and in hand | 54/58 | €71,931 | €4,635 | -€67,296 | -93.6% |
| Deferred charges and accrued income | 490/1 | - | €4,633 | +€4,633 | |
| Total equity and liabilities | 10/49 | €747,077 | €679,884 | -€67,193 | -9.0% |
| Equity | 10/15 | €291,171 | €115,857 | -€175,314 | -60.2% |
| Contributions | 10/11 | €333,592 | €333,592 | = | 0.0% |
| Reserves | 13 | €34,557 | €34,557 | = | 0.0% |
| Distributable reserves | 133 | €34,557 | €34,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,978 | -€252,292 | -€175,314 | -227.7% |
| Amounts payable | 17/49 | €455,905 | €564,026 | +€108,121 | +23.7% |
| Amounts payable after more than one year | 17 | €110,714 | €67,857 | -€42,857 | -38.7% |
| Financial debts | 170/4 | €110,714 | €67,857 | -€42,857 | -38.7% |
| Amounts payable within one year | 42/48 | €339,070 | €495,769 | +€156,700 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €42,857 | €42,857 | = | 0.0% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €272,614 | €397,472 | +€124,858 | +45.8% |
| Suppliers | 440/4 | €272,614 | €397,472 | +€124,858 | +45.8% |
| Taxes, remuneration and social security | 45 | €3,598 | €35,440 | +€31,841 | +884.9% |
| Taxes | 450/3 | €3,598 | - | -€3,598 | |
| Remuneration and social security | 454/9 | - | €35,440 | +€35,440 | |
| Accrued charges and deferred income | 492/3 | €6,121 | €400 | -€5,721 | -93.5% |
| Remuneration, social security and pensions | 62 | €273,907 | €294,533 | +€20,625 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,279 | €17,958 | -€8,321 | -31.7% |
| Other operating charges | 640/8 | €11,126 | €14,556 | +€3,430 | +30.8% |
| Gross operating margin | 9900 | €266,699 | €149,264 | -€117,435 | -44.0% |
| Operating profit (loss) | 9901 | -€44,612 | -€177,783 | -€133,170 | -298.5% |
| Financial income | 75/76B | €6,017 | €10,025 | +€4,008 | +66.6% |
| Recurring financial income | 75 | €6,017 | €5,525 | -€492 | -8.2% |
| Non-recurring financial income | 76B | - | €4,500 | +€4,500 | |
| Financial charges | 65/66B | €6,553 | €7,556 | +€1,003 | +15.3% |
| Recurring financial charges | 65 | €6,553 | €7,556 | +€1,003 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,148 | -€175,314 | -€130,166 | -288.3% |
| Profit (loss) for the period | 9904 | -€45,148 | -€175,314 | -€130,166 | -288.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,148 | -€175,314 | -€130,166 | -288.3% |
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 7 October 2026 via checked.be.