MARKA: 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.
MARKA
Largest movements
- Receivables within one year +€1,024
up €1,024 (+4.8%), from €21,462 to €22,486
of which Other amounts receivable: +€4,069
- Deferred charges and accrued income -€457
no longer reported in 2025 (was €457)
- Profit (loss) carried forward +€2,896
up €2,896, from -€1,832 to €1,064
- Tax, wage and social debts -€1,752
down €1,752 (-62.7%), from €2,793 to €1,041
- Short-term financial debts -€1,255
down €1,255 (-71.8%), from €1,749 to €494
- Trade debts +€686
up €686 (+176.0%), from €390 to €1,075
- Gross operating margin -€11,581
down €11,581 (-40.2%), from €28,834 to €17,253
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 | €22,101 | €22,674 | +€574 | +2.6% |
| Fixed assets | 21/28 | €167 | €167 | = | 0.0% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €21,933 | €22,507 | +€574 | +2.6% |
| Amounts receivable within one year | 40/41 | €21,462 | €22,486 | +€1,024 | +4.8% |
| Trade receivables | 40 | €12,851 | €9,805 | -€3,046 | -23.7% |
| Other amounts receivable | 41 | €8,612 | €12,681 | +€4,069 | +47.3% |
| Cash at bank and in hand | 54/58 | €14 | €21 | +€7 | +49.0% |
| Deferred charges and accrued income | 490/1 | €457 | - | -€457 | |
| Total equity and liabilities | 10/49 | €22,101 | €22,674 | +€574 | +2.6% |
| Equity | 10/15 | €17,168 | €20,064 | +€2,896 | +16.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,832 | €1,064 | +€2,896 | |
| Amounts payable | 17/49 | €4,932 | €2,610 | -€2,322 | -47.1% |
| Amounts payable within one year | 42/48 | €4,932 | €2,610 | -€2,322 | -47.1% |
| Financial debts | 43 | €1,749 | €494 | -€1,255 | -71.8% |
| Credit institutions | 430/8 | €1,749 | €494 | -€1,255 | -71.8% |
| Trade debts | 44 | €390 | €1,075 | +€686 | +176.0% |
| Suppliers | 440/4 | €390 | €1,075 | +€686 | +176.0% |
| Taxes, remuneration and social security | 45 | €2,793 | €1,041 | -€1,752 | -62.7% |
| Remuneration and social security | 454/9 | €2,793 | €1,041 | -€1,752 | -62.7% |
| Remuneration, social security and pensions | 62 | €13,634 | €13,782 | +€149 | +1.1% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Non-recurring operating charges | 66A | €22,500 | - | -€22,500 | |
| Gross operating margin | 9900 | €28,834 | €17,253 | -€11,581 | -40.2% |
| Operating profit (loss) | 9901 | -€7,737 | €3,071 | +€10,808 | |
| Financial income | 75/76B | €234 | €290 | +€56 | +24.1% |
| Recurring financial income | 75 | €234 | €290 | +€56 | +24.1% |
| Financial charges | 65/66B | €469 | €466 | -€3 | -0.6% |
| Recurring financial charges | 65 | €469 | €466 | -€3 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,972 | €2,896 | +€10,867 | |
| Profit (loss) for the period | 9904 | -€7,972 | €2,896 | +€10,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,972 | €2,896 | +€10,867 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.