MARKA: 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.
MARKA
Largest movements
- Receivables within one year +€10,629
up €10,629 (+16.2%), from €65,639 to €76,268
- Reserves +€10,611
up €10,611 (+20.0%), from €53,135 to €63,746
of which Distributable reserves: +€10,611
- Gross operating margin +€1,471
up €1,471 (+12.4%), from €11,904 to €13,376
- Taxes +€366
up €366 (+11.5%), from €3,189 to €3,556
- Financial income +€201
up €201 (+16.7%), from €1,204 to €1,405
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 | €116,324 | €126,954 | +€10,629 | +9.1% |
| Fixed assets | 21/28 | €50,641 | €50,641 | = | 0.0% |
| Tangible fixed assets | 22/27 | €50,641 | €50,641 | = | 0.0% |
| Land and buildings | 22 | €50,641 | €50,641 | = | 0.0% |
| Current assets | 29/58 | €65,683 | €76,313 | +€10,629 | +16.2% |
| Amounts receivable within one year | 40/41 | €65,639 | €76,268 | +€10,629 | +16.2% |
| Other amounts receivable | 41 | €65,639 | €76,268 | +€10,629 | +16.2% |
| Cash at bank and in hand | 54/58 | €45 | €45 | = | 0.0% |
| Total equity and liabilities | 10/49 | €116,324 | €126,954 | +€10,629 | +9.1% |
| Equity | 10/15 | €115,135 | €125,746 | +€10,611 | +9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €53,135 | €63,746 | +€10,611 | +20.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €46,935 | €57,546 | +€10,611 | +22.6% |
| Amounts payable | 17/49 | €1,189 | €1,208 | +€19 | +1.6% |
| Amounts payable within one year | 42/48 | €1,189 | €1,208 | +€19 | +1.6% |
| Trade debts | 44 | €0 | €152 | +€152 | |
| Suppliers | 440/4 | €0 | €152 | +€152 | |
| Taxes, remuneration and social security | 45 | €1,189 | €1,056 | -€134 | -11.2% |
| Taxes | 450/3 | €1,189 | €1,056 | -€134 | -11.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €524 | €607 | +€84 | +16.0% |
| Gross operating margin | 9900 | €11,904 | €13,376 | +€1,471 | +12.4% |
| Operating profit (loss) | 9901 | €11,381 | €12,768 | +€1,388 | +12.2% |
| Financial income | 75/76B | €1,204 | €1,405 | +€201 | +16.7% |
| Recurring financial income | 75 | €1,204 | €1,405 | +€201 | +16.7% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €12,585 | €14,166 | +€1,582 | +12.6% |
| Income taxes | 67/77 | €3,189 | €3,556 | +€366 | +11.5% |
| Profit (loss) for the period | 9904 | €9,395 | €10,611 | +€1,215 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,395 | €10,611 | +€1,215 | +12.9% |
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 13 October 2026 via checked.be.