MARKA GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€47,002
down €47,002 (-4.0%), from €1.2m to €1.1m
of which Land and buildings: -€38,937
- Other debts +€318,735
up €318,735 (+271%), from €117,530 to €436,265
- Tax, wage and social debts -€303,887
down €303,887 (-99.4%), from €305,790 to €1,903
- Debts after one year -€43,403
no longer reported in 2025 (was €43,403)
- Profit (loss) carried forward -€20,820
down €20,820 (-168%), from -€12,389 to -€33,209
- Gross operating margin -€7,466
down €7,466 (-10.7%), from €70,081 to €62,615
- Other operating charges +€2,667
up €2,667 (+8.5%), from €31,429 to €34,097
- Financial charges -€1,596
down €1,596 (-40.6%), from €3,932 to €2,336
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 | €1,172,301 | €1,120,656 | -€51,645 | -4.4% |
| Fixed assets | 21/28 | €1,166,492 | €1,119,491 | -€47,002 | -4.0% |
| Tangible fixed assets | 22/27 | €1,166,492 | €1,119,491 | -€47,002 | -4.0% |
| Land and buildings | 22 | €1,154,693 | €1,115,756 | -€38,937 | -3.4% |
| Plant, machinery and equipment | 23 | €11,800 | €3,735 | -€8,065 | -68.3% |
| Current assets | 29/58 | €5,809 | €1,166 | -€4,643 | -79.9% |
| Amounts receivable within one year | 40/41 | €4,576 | - | -€4,576 | |
| Trade receivables | 40 | €4,576 | - | -€4,576 | |
| Cash at bank and in hand | 54/58 | €170 | €100 | -€70 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,063 | €1,066 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €1,172,301 | €1,120,656 | -€51,645 | -4.4% |
| Equity | 10/15 | €659,593 | €638,773 | -€20,820 | -3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €653,432 | €653,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €651,577 | €653,432 | +€1,855 | +0.3% |
| Profit (loss) carried forward | 14 | -€12,389 | -€33,209 | -€20,820 | -168% |
| Amounts payable | 17/49 | €512,708 | €481,883 | -€30,825 | -6.0% |
| Amounts payable after more than one year | 17 | €43,403 | - | -€43,403 | |
| Financial debts | 170/4 | €43,403 | - | -€43,403 | |
| Amounts payable within one year | 42/48 | €469,306 | €481,883 | +€12,577 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €45,831 | €43,403 | -€2,428 | -5.3% |
| Trade debts | 44 | €156 | €313 | +€157 | +101% |
| Suppliers | 440/4 | €156 | €313 | +€157 | +101% |
| Taxes, remuneration and social security | 45 | €305,790 | €1,903 | -€303,887 | -99.4% |
| Taxes | 450/3 | €305,790 | €1,903 | -€303,887 | -99.4% |
| Other amounts payable | 47/48 | €117,530 | €436,265 | +€318,735 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,395 | €47,002 | -€393 | -0.8% |
| Other operating charges | 640/8 | €31,429 | €34,097 | +€2,667 | +8.5% |
| Gross operating margin | 9900 | €70,081 | €62,615 | -€7,466 | -10.7% |
| Operating profit (loss) | 9901 | -€8,743 | -€18,484 | -€9,741 | -111% |
| Financial income | 75/76B | €286 | - | -€286 | |
| Recurring financial income | 75 | €286 | - | -€286 | |
| Financial charges | 65/66B | €3,932 | €2,336 | -€1,596 | -40.6% |
| Recurring financial charges | 65 | €3,932 | €2,336 | -€1,596 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,389 | -€20,820 | -€8,431 | -68.0% |
| Profit (loss) for the period | 9904 | -€12,389 | -€20,820 | -€8,431 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,389 | -€20,820 | -€8,431 | -68.0% |
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 18 October 2026 via checked.be.