MARGRIETJE: 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.
MARGRIETJE
Largest movements
- Receivables within one year +€2,497
up €2,497 (+39.9%), from €6,257 to €8,754
of which Other amounts receivable: +€2,133
- Stocks and contracts +€2,366
up €2,366 (+1.8%), from €128,559 to €130,925
- Cash -€1,881
down €1,881 (-33.0%), from €5,698 to €3,817
mainly Trade debts (-€121,052) and Net result for the year (-€28,705)
- Other debts +€134,982
up €134,982 (+239%), from €56,387 to €191,369
- Trade debts -€121,052
down €121,052 (-93.1%), from €130,019 to €8,967
- Profit (loss) carried forward -€28,705
down €28,705 (-34.1%), from -€84,240 to -€112,945
- Tax, wage and social debts +€18,236
up €18,236 (+176%), from €10,340 to €28,576
of which Remuneration and social security: +€19,936
- Gross operating margin -€36,921
down €36,921, from €11,164 to -€25,757
- Financial charges -€454
down €454 (-31.0%), from €1,464 to €1,010
- Depreciation +€441
up €441 (+58.9%), from €749 to €1,190
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 | €143,115 | €146,575 | +€3,460 | +2.4% |
| Fixed assets | 21/28 | €2,601 | €2,978 | +€376 | +14.5% |
| Tangible fixed assets | 22/27 | €2,601 | €2,978 | +€376 | +14.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,592 | €924 | -€668 | -42.0% |
| Other tangible fixed assets | 26 | €1,009 | €2,054 | +€1,044 | +103% |
| Current assets | 29/58 | €140,514 | €143,598 | +€3,084 | +2.2% |
| Stocks and contracts in progress | 3 | €128,559 | €130,925 | +€2,366 | +1.8% |
| Stocks | 30/36 | €128,559 | €130,925 | +€2,366 | +1.8% |
| Amounts receivable within one year | 40/41 | €6,257 | €8,754 | +€2,497 | +39.9% |
| Trade receivables | 40 | €6,257 | €6,622 | +€364 | +5.8% |
| Other amounts receivable | 41 | - | €2,133 | +€2,133 | |
| Cash at bank and in hand | 54/58 | €5,698 | €3,817 | -€1,881 | -33.0% |
| Deferred charges and accrued income | 490/1 | - | €102 | +€102 | |
| Total equity and liabilities | 10/49 | €143,115 | €146,575 | +€3,460 | +2.4% |
| Equity | 10/15 | -€53,631 | -€82,336 | -€28,705 | -53.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,017 | €12,017 | = | 0.0% |
| Distributable reserves | 133 | €12,017 | €12,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,240 | -€112,945 | -€28,705 | -34.1% |
| Amounts payable | 17/49 | €196,746 | €228,911 | +€32,165 | +16.3% |
| Amounts payable within one year | 42/48 | €196,746 | €228,911 | +€32,165 | +16.3% |
| Trade debts | 44 | €130,019 | €8,967 | -€121,052 | -93.1% |
| Suppliers | 440/4 | €130,019 | €8,967 | -€121,052 | -93.1% |
| Taxes, remuneration and social security | 45 | €10,340 | €28,576 | +€18,236 | +176% |
| Taxes | 450/3 | €2,010 | €309 | -€1,701 | -84.6% |
| Remuneration and social security | 454/9 | €8,330 | €28,266 | +€19,936 | +239% |
| Other amounts payable | 47/48 | €56,387 | €191,369 | +€134,982 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €1,190 | +€441 | +58.9% |
| Other operating charges | 640/8 | €798 | €749 | -€50 | -6.2% |
| Gross operating margin | 9900 | €11,164 | -€25,757 | -€36,921 | |
| Operating profit (loss) | 9901 | €9,618 | -€27,695 | -€37,313 | |
| Financial charges | 65/66B | €1,464 | €1,010 | -€454 | -31.0% |
| Recurring financial charges | 65 | €1,464 | €1,010 | -€454 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €8,153 | -€28,705 | -€36,859 | |
| Profit (loss) for the period | 9904 | €8,153 | -€28,705 | -€36,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,153 | -€28,705 | -€36,859 |
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 25 October 2026 via checked.be.