MARGOTE: 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.
MARGOTE
Largest movements
- Cash -€1,487
down €1,487 (-12.3%), from €12,055 to €10,568
- Receivables within one year -€1,202
down €1,202 (-89.3%), from €1,346 to €145
of which Other amounts receivable: -€1,202
- Trade debts -€1,523
down €1,523 (-32.5%), from €4,690 to €3,166
- Tax, wage and social debts -€1,165
down €1,165 (-100%), from €1,165 to €0
- Gross operating margin +€12,731
up €12,731, from -€12,731 to €0
- Write-downs +€12,731
up €12,731, from -€12,731 to €0
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,402 | €10,713 | -€2,689 | -20.1% |
| Current assets | 29/58 | €13,402 | €10,713 | -€2,689 | -20.1% |
| Amounts receivable within one year | 40/41 | €1,346 | €145 | -€1,202 | -89.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,346 | €145 | -€1,202 | -89.3% |
| Cash at bank and in hand | 54/58 | €12,055 | €10,568 | -€1,487 | -12.3% |
| Total equity and liabilities | 10/49 | €13,402 | €10,713 | -€2,689 | -20.1% |
| Equity | 10/15 | €7,547 | €7,547 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,347 | €1,347 | = | 0.0% |
| Distributable reserves | 133 | €1,347 | €1,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,855 | €3,166 | -€2,689 | -45.9% |
| Amounts payable within one year | 42/48 | €5,855 | €3,166 | -€2,689 | -45.9% |
| Trade debts | 44 | €4,690 | €3,166 | -€1,523 | -32.5% |
| Suppliers | 440/4 | €4,690 | €3,166 | -€1,523 | -32.5% |
| Taxes, remuneration and social security | 45 | €1,165 | €0 | -€1,165 | -100% |
| Taxes | 450/3 | €1,165 | €0 | -€1,165 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,731 | €0 | +€12,731 | |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€12,731 | €0 | +€12,731 | |
| Operating profit (loss) | 9901 | €0 | - | = | |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €0 | - | = | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | - | = |
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 16 October 2026 via checked.be.