MARGODT MARNIX: 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.
MARGODT MARNIX
Largest movements
- Receivables within one year +€10,489
up €10,489 (+74.4%), from €14,102 to €24,591
of which Trade receivables: +€11,444
- Tangible fixed assets -€9,645
down €9,645 (-24.6%), from €39,141 to €29,496
of which Furniture and vehicles: -€7,560
- Cash +€7,632
up €7,632 (+18.7%), from €40,771 to €48,403
mainly Depreciation (+€9,645) and Trade debts (+€3,891)
- Stocks and contracts -€1,160
down €1,160 (-32.2%), from €3,607 to €2,448
of which Stocks: -€1,160
- Trade debts +€3,891
up €3,891 (+101%), from €3,850 to €7,741
- Reserves +€1,730
up €1,730 (+2.3%), from €75,807 to €77,537
of which Distributable reserves: +€1,730
- Tax, wage and social debts +€1,675
up €1,675 (+73.3%), from €2,286 to €3,961
- Gross operating margin -€10,241
down €10,241 (-43.0%), from €23,809 to €13,567
- Depreciation +€5,638
up €5,638 (+141%), from €4,007 to €9,645
- Taxes -€1,372
down €1,372 (-45.6%), from €3,011 to €1,639
- Staff costs +€352
up €352, from -€352 to €0
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 | €100,543 | €107,840 | +€7,296 | +7.3% |
| Fixed assets | 21/28 | €39,141 | €29,496 | -€9,645 | -24.6% |
| Tangible fixed assets | 22/27 | €39,141 | €29,496 | -€9,645 | -24.6% |
| Plant, machinery and equipment | 23 | €3,260 | €1,175 | -€2,085 | -64.0% |
| Furniture and vehicles | 24 | €35,881 | €28,321 | -€7,560 | -21.1% |
| Current assets | 29/58 | €61,403 | €78,344 | +€16,942 | +27.6% |
| Stocks and contracts in progress | 3 | €3,607 | €2,448 | -€1,160 | -32.2% |
| Stocks | 30/36 | €3,607 | €2,448 | -€1,160 | -32.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,102 | €24,591 | +€10,489 | +74.4% |
| Trade receivables | 40 | €5,093 | €16,537 | +€11,444 | +225% |
| Other amounts receivable | 41 | €9,009 | €8,054 | -€955 | -10.6% |
| Cash at bank and in hand | 54/58 | €40,771 | €48,403 | +€7,632 | +18.7% |
| Deferred charges and accrued income | 490/1 | €2,922 | €2,902 | -€19 | -0.7% |
| Total equity and liabilities | 10/49 | €100,543 | €107,840 | +€7,296 | +7.3% |
| Equity | 10/15 | €94,407 | €96,137 | +€1,730 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,807 | €77,537 | +€1,730 | +2.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,649 | €1,649 | = | 0.0% |
| Distributable reserves | 133 | €74,158 | €75,888 | +€1,730 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,136 | €11,703 | +€5,567 | +90.7% |
| Amounts payable within one year | 42/48 | €6,136 | €11,703 | +€5,567 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,850 | €7,741 | +€3,891 | +101% |
| Suppliers | 440/4 | €3,850 | €7,741 | +€3,891 | +101% |
| Taxes, remuneration and social security | 45 | €2,286 | €3,961 | +€1,675 | +73.3% |
| Taxes | 450/3 | €2,286 | €3,961 | +€1,675 | +73.3% |
| Non-recurring operating income | 76A | €10,353 | €0 | -€10,353 | -100% |
| Remuneration, social security and pensions | 62 | -€352 | €0 | +€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,007 | €9,645 | +€5,638 | +141% |
| Other operating charges | 640/8 | €982 | €862 | -€121 | -12.3% |
| Gross operating margin | 9900 | €23,809 | €13,567 | -€10,241 | -43.0% |
| Operating profit (loss) | 9901 | €19,172 | €3,060 | -€16,112 | -84.0% |
| Financial income | 75/76B | €265 | €384 | +€119 | +45.0% |
| Recurring financial income | 75 | €265 | €384 | +€119 | +45.0% |
| Financial charges | 65/66B | €153 | €75 | -€78 | -51.0% |
| Recurring financial charges | 65 | €103 | €75 | -€28 | -27.1% |
| Non-recurring financial charges | 66B | €50 | €0 | -€50 | -100% |
| Profit (loss) for the period before taxes | 9903 | €19,284 | €3,369 | -€15,915 | -82.5% |
| Income taxes | 67/77 | €3,011 | €1,639 | -€1,372 | -45.6% |
| Profit (loss) for the period | 9904 | €16,273 | €1,730 | -€14,543 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,273 | €1,730 | -€14,543 | -89.4% |
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 22 October 2026 via checked.be.