Mark-Up: 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-Up
Largest movements
- Tangible fixed assets -€20,485
down €20,485 (-7.7%), from €265,936 to €245,451
of which Land and buildings: -€19,492
- Receivables within one year +€13,249
up €13,249 (+420%), from €3,156 to €16,405
of which Trade receivables: +€13,488
- Stocks and contracts -€11,944
down €11,944 (-100%), from €11,944 to €0
- Debts after one year -€18,983
down €18,983 (-7.4%), from €255,833 to €236,850
- Other debts -€6,517
down €6,517 (-97.7%), from €6,667 to €150
- Trade debts +€3,472
up €3,472 (+96.9%), from €3,582 to €7,054
- Tax, wage and social debts +€3,070
up €3,070 (+53.8%), from €5,706 to €8,776
of which Taxes: +€3,070
- Turnover -€82,150
no longer reported in 2025 (was €82,150)
- Purchases and services -€79,829
no longer reported in 2025 (was €79,829)
- Gross operating margin +€8,472
up €8,472 (+31.6%), from €26,851 to €35,323
- Taxes +€1,727
up €1,727 (+1,179%), from €146 to €1,874
- Financial charges +€1,109
up €1,109 (+13.6%), from €8,180 to €9,289
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
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 | €293,764 | €274,885 | -€18,879 | -6.4% |
| Fixed assets | 21/28 | €266,299 | €245,814 | -€20,485 | -7.7% |
| Tangible fixed assets | 22/27 | €265,936 | €245,451 | -€20,485 | -7.7% |
| Land and buildings | 22 | €263,849 | €244,357 | -€19,492 | -7.4% |
| Furniture and vehicles | 24 | €2,087 | €1,095 | -€992 | -47.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €27,465 | €29,071 | +€1,606 | +5.8% |
| Amounts receivable after more than one year | 29 | €11,600 | €11,600 | = | 0.0% |
| Trade receivables | 290 | €11,600 | €0 | -€11,600 | -100% |
| Other amounts receivable | 291 | - | €11,600 | +€11,600 | |
| Stocks and contracts in progress | 3 | €11,944 | €0 | -€11,944 | -100% |
| Contracts in progress | 37 | €11,944 | €0 | -€11,944 | -100% |
| Amounts receivable within one year | 40/41 | €3,156 | €16,405 | +€13,249 | +420% |
| Trade receivables | 40 | €2,871 | €16,359 | +€13,488 | +470% |
| Other amounts receivable | 41 | €285 | €46 | -€239 | -83.9% |
| Deferred charges and accrued income | 490/1 | €766 | €1,067 | +€301 | +39.3% |
| Total equity and liabilities | 10/49 | €293,764 | €274,885 | -€18,879 | -6.4% |
| Equity | 10/15 | -€2,497 | -€1,711 | +€786 | +31.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,552 | -€9,766 | +€786 | +7.5% |
| Amounts payable | 17/49 | €296,261 | €276,596 | -€19,665 | -6.6% |
| Amounts payable after more than one year | 17 | €255,833 | €236,850 | -€18,983 | -7.4% |
| Financial debts | 170/4 | €255,833 | €236,850 | -€18,983 | -7.4% |
| Amounts payable within one year | 42/48 | €40,428 | €38,795 | -€1,633 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €18,686 | €19,339 | +€653 | +3.5% |
| Financial debts | 43 | €5,787 | €3,476 | -€2,311 | -39.9% |
| Credit institutions | 430/8 | €5,787 | €3,476 | -€2,311 | -39.9% |
| Trade debts | 44 | €3,582 | €7,054 | +€3,472 | +96.9% |
| Suppliers | 440/4 | €3,582 | €7,054 | +€3,472 | +96.9% |
| Taxes, remuneration and social security | 45 | €5,706 | €8,776 | +€3,070 | +53.8% |
| Taxes | 450/3 | €5,706 | €8,776 | +€3,070 | +53.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,667 | €150 | -€6,517 | -97.7% |
| Accrued charges and deferred income | 492/3 | €0 | €951 | +€951 | |
| Turnover | 70 | €82,150 | - | -€82,150 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €79,829 | - | -€79,829 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,686 | €20,485 | -€202 | -1.0% |
| Other operating charges | 640/8 | €4,610 | €3,737 | -€872 | -18.9% |
| Gross operating margin | 9900 | €26,851 | €35,323 | +€8,472 | +31.6% |
| Operating profit (loss) | 9901 | €1,555 | €11,101 | +€9,546 | +614% |
| Financial income | 75/76B | €960 | €848 | -€113 | -11.7% |
| Recurring financial income | 75 | €960 | €848 | -€113 | -11.7% |
| Financial charges | 65/66B | €8,180 | €9,289 | +€1,109 | +13.6% |
| Recurring financial charges | 65 | €8,180 | €9,289 | +€1,109 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,664 | €2,660 | +€8,324 | |
| Income taxes | 67/77 | €146 | €1,874 | +€1,727 | +1,179% |
| Profit (loss) for the period | 9904 | -€5,811 | €786 | +€6,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,811 | €786 | +€6,597 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.