MARK & PARTNERS: 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.
MARK & PARTNERS
Largest movements
- Receivables within one year -€28,783
down €28,783 (-66.5%), from €43,305 to €14,522
of which Trade receivables: -€25,422
- Tangible fixed assets +€18,694
up €18,694 (+172.1%), from €10,862 to €29,556
- Deferred charges and accrued income +€4,096
new in 2025: €4,096
- Cash -€3,459
down €3,459 (-26.6%), from €12,979 to €9,521
- Stocks and contracts -€2,240
no longer reported in 2025 (was €2,240)
- Debts after one year +€24,228
new in 2025: €24,228
- Trade debts -€17,525
down €17,525 (-90.3%), from €19,412 to €1,887
- Profit (loss) carried forward -€11,606
down €11,606 (-3630.0%), from -€320 to -€11,926
- Tax, wage and social debts -€8,883
no longer reported in 2025 (was €8,883)
- Advances received +€4,919
new in 2025: €4,919
- Turnover -€15,209
down €15,209 (-34.5%), from €44,091 to €28,881
- Purchases and services +€12,736
up €12,736 (+51.6%), from €24,690 to €37,425
- Staff costs -€10,314
down €10,314 (-56.7%), from €18,191 to €7,877
- Depreciation +€6,231
new in 2025: €6,231
- Gross operating margin +€3,046
up €3,046 (+15.7%), from €19,401 to €22,447
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,386 | €57,695 | -€11,692 | -16.9% |
| Fixed assets | 21/28 | €10,862 | €29,556 | +€18,694 | +172.1% |
| Tangible fixed assets | 22/27 | €10,862 | €29,556 | +€18,694 | +172.1% |
| Furniture and vehicles | 24 | €10,862 | €29,556 | +€18,694 | +172.1% |
| Current assets | 29/58 | €58,524 | €28,139 | -€30,385 | -51.9% |
| Stocks and contracts in progress | 3 | €2,240 | - | -€2,240 | |
| Stocks | 30/36 | €2,240 | - | -€2,240 | |
| Amounts receivable within one year | 40/41 | €43,305 | €14,522 | -€28,783 | -66.5% |
| Trade receivables | 40 | €36,845 | €11,424 | -€25,422 | -69.0% |
| Other amounts receivable | 41 | €6,459 | €3,099 | -€3,361 | -52.0% |
| Cash at bank and in hand | 54/58 | €12,979 | €9,521 | -€3,459 | -26.6% |
| Deferred charges and accrued income | 490/1 | - | €4,096 | +€4,096 | |
| Total equity and liabilities | 10/49 | €69,386 | €57,695 | -€11,692 | -16.9% |
| Equity | 10/15 | €37,757 | €26,151 | -€11,606 | -30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,876 | €31,876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,876 | €1,876 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,876 | €1,876 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320 | -€11,926 | -€11,606 | -3630.0% |
| Amounts payable | 17/49 | €31,630 | €31,544 | -€86 | -0.3% |
| Amounts payable after more than one year | 17 | - | €24,228 | +€24,228 | |
| Financial debts | 170/4 | - | €24,228 | +€24,228 | |
| Amounts payable within one year | 42/48 | €31,630 | €7,316 | -€24,313 | -76.9% |
| Financial debts | 43 | €355 | €511 | +€156 | +43.9% |
| Credit institutions | 430/8 | €355 | €511 | +€156 | +43.9% |
| Trade debts | 44 | €19,412 | €1,887 | -€17,525 | -90.3% |
| Suppliers | 440/4 | €19,412 | €1,887 | -€17,525 | -90.3% |
| Advances received on contracts in progress | 46 | - | €4,919 | +€4,919 | |
| Taxes, remuneration and social security | 45 | €8,883 | - | -€8,883 | |
| Taxes | 450/3 | €8,883 | - | -€8,883 | |
| Other amounts payable | 47/48 | €2,980 | - | -€2,980 | |
| Turnover | 70 | €44,091 | €28,881 | -€15,209 | -34.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,690 | €37,425 | +€12,736 | +51.6% |
| Remuneration, social security and pensions | 62 | €18,191 | €7,877 | -€10,314 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,231 | +€6,231 | |
| Other operating charges | 640/8 | €662 | €2,113 | +€1,451 | +219.1% |
| Non-recurring operating charges | 66A | €1,688 | €463 | -€1,225 | -72.6% |
| Gross operating margin | 9900 | €19,401 | €22,447 | +€3,046 | +15.7% |
| Operating profit (loss) | 9901 | -€1,140 | €5,764 | +€6,903 | |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €598 | €1,131 | +€533 | +89.1% |
| Recurring financial charges | 65 | €598 | €1,131 | +€533 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,738 | €4,674 | +€6,412 | |
| Income taxes | 67/77 | €620 | €62 | -€558 | -90.1% |
| Profit (loss) for the period | 9904 | -€2,358 | €4,612 | +€6,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,358 | €4,612 | +€6,971 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.