MARK.RENOV: 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.
MARK.RENOV
Largest movements
- Receivables within one year -€49,607
down €49,607 (-44.5%), from €111,391 to €61,784
of which Trade receivables: -€42,458
- Cash +€29,529
up €29,529 (+74.9%), from €39,447 to €68,976
mainly Receivables within one year (+€49,607) and Net result for the year (+€37,077)
- Tangible fixed assets -€10,624
down €10,624 (-40.6%), from €26,144 to €15,520
of which Leasing and similar rights: -€9,657
- Trade debts -€68,866
down €68,866 (-64.5%), from €106,698 to €37,832
- Profit (loss) carried forward +€37,077
up €37,077 (+84.2%), from €44,025 to €81,102
- Debts after one year -€7,607
down €7,607 (-73.6%), from €10,336 to €2,729
- Tax, wage and social debts +€7,163
up €7,163 (+77.7%), from €9,223 to €16,386
- Gross operating margin +€19,444
up €19,444 (+40.9%), from €47,585 to €67,029
- Taxes +€9,928
up €9,928 (+151.0%), from €6,577 to €16,505
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 | €179,026 | €147,857 | -€31,169 | -17.4% |
| Fixed assets | 21/28 | €26,144 | €15,520 | -€10,624 | -40.6% |
| Tangible fixed assets | 22/27 | €26,144 | €15,520 | -€10,624 | -40.6% |
| Furniture and vehicles | 24 | €2,001 | €1,034 | -€967 | -48.3% |
| Leasing and similar rights | 25 | €24,143 | €14,486 | -€9,657 | -40.0% |
| Current assets | 29/58 | €152,882 | €132,337 | -€20,545 | -13.4% |
| Amounts receivable within one year | 40/41 | €111,391 | €61,784 | -€49,607 | -44.5% |
| Trade receivables | 40 | €103,162 | €60,704 | -€42,458 | -41.2% |
| Other amounts receivable | 41 | €8,229 | €1,080 | -€7,149 | -86.9% |
| Cash at bank and in hand | 54/58 | €39,447 | €68,976 | +€29,529 | +74.9% |
| Deferred charges and accrued income | 490/1 | €2,044 | €1,577 | -€467 | -22.8% |
| Total equity and liabilities | 10/49 | €179,026 | €147,857 | -€31,169 | -17.4% |
| Equity | 10/15 | €46,225 | €83,302 | +€37,077 | +80.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,025 | €81,102 | +€37,077 | +84.2% |
| Amounts payable | 17/49 | €132,801 | €64,555 | -€68,246 | -51.4% |
| Amounts payable after more than one year | 17 | €10,336 | €2,729 | -€7,607 | -73.6% |
| Financial debts | 170/4 | €10,336 | €2,729 | -€7,607 | -73.6% |
| Amounts payable within one year | 42/48 | €122,465 | €61,826 | -€60,639 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €6,544 | €7,608 | +€1,064 | +16.3% |
| Trade debts | 44 | €106,698 | €37,832 | -€68,866 | -64.5% |
| Suppliers | 440/4 | €106,698 | €37,832 | -€68,866 | -64.5% |
| Taxes, remuneration and social security | 45 | €9,223 | €16,386 | +€7,163 | +77.7% |
| Taxes | 450/3 | €9,223 | €16,386 | +€7,163 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,577 | €10,624 | +€47 | +0.4% |
| Other operating charges | 640/8 | €1,860 | €2,246 | +€386 | +20.8% |
| Gross operating margin | 9900 | €47,585 | €67,029 | +€19,444 | +40.9% |
| Operating profit (loss) | 9901 | €35,148 | €54,159 | +€19,011 | +54.1% |
| Financial income | 75/76B | €316 | €428 | +€112 | +35.4% |
| Recurring financial income | 75 | €316 | €428 | +€112 | +35.4% |
| Financial charges | 65/66B | €1,380 | €1,005 | -€375 | -27.2% |
| Recurring financial charges | 65 | €1,380 | €1,005 | -€375 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €34,084 | €53,582 | +€19,498 | +57.2% |
| Income taxes | 67/77 | €6,577 | €16,505 | +€9,928 | +151.0% |
| Profit (loss) for the period | 9904 | €27,507 | €37,077 | +€9,570 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,507 | €37,077 | +€9,570 | +34.8% |
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 12 October 2026 via checked.be.