MARKACIL: 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.
MARKACIL
Largest movements
- Cash +€1.6m
up €1.6m (+281%), from €554,019 to €2.1m
mainly Net result for the year (+€983,754) and Provisions (+€340,211)
- Tangible fixed assets -€72,012
down €72,012 (-3.5%), from €2.0m to €2.0m
of which Land and buildings: -€45,350
- Reserves +€1.0m
up €1.0m (+92.0%), from €1.1m to €2.2m
of which Tax-exempt reserves: +€1.0m
- Provisions +€340,211
up €340,211 (+615%), from €55,324 to €395,535
- Trade debts +€132,047
up €132,047 (+1,711%), from €7,716 to €139,763
- Accrued charges and deferred income +€57,794
up €57,794 (+17.1%), from €337,781 to €395,575
- Profit (loss) carried forward -€48,593
new in 2025: -€48,593
- Gross operating margin +€1.3m
up €1.3m (+400%), from €336,424 to €1.7m
- Financial charges +€57,962
up €57,962 (+14,905%), from €389 to €58,351
- Taxes -€22,735
no longer reported in 2025 (was €22,735)
- Other operating charges +€20,944
up €20,944 (+24.7%), from €84,904 to €105,848
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 | €2,636,324 | €4,111,524 | +€1.5m | +56.0% |
| Fixed assets | 21/28 | €2,049,746 | €1,977,716 | -€72,030 | -3.5% |
| Tangible fixed assets | 22/27 | €2,049,728 | €1,977,716 | -€72,012 | -3.5% |
| Land and buildings | 22 | €1,682,378 | €1,637,027 | -€45,350 | -2.7% |
| Plant, machinery and equipment | 23 | €69,510 | €54,305 | -€15,205 | -21.9% |
| Other tangible fixed assets | 26 | €297,840 | €286,384 | -€11,457 | -3.8% |
| Financial fixed assets | 28 | €19 | - | -€19 | |
| Current assets | 29/58 | €586,578 | €2,133,808 | +€1.5m | +264% |
| Amounts receivable within one year | 40/41 | €24,217 | €15,810 | -€8,407 | -34.7% |
| Trade receivables | 40 | - | €621 | +€621 | |
| Other amounts receivable | 41 | €24,217 | €15,189 | -€9,027 | -37.3% |
| Cash at bank and in hand | 54/58 | €554,019 | €2,108,451 | +€1.6m | +281% |
| Deferred charges and accrued income | 490/1 | €8,342 | €9,547 | +€1,205 | +14.5% |
| Total equity and liabilities | 10/49 | €2,636,324 | €4,111,524 | +€1.5m | +56.0% |
| Equity | 10/15 | €1,803,461 | €2,787,214 | +€983,754 | +54.5% |
| Contributions | 10/11 | €681,707 | €681,707 | = | 0.0% |
| Capital | 10 | €681,707 | €681,707 | = | 0.0% |
| Issued capital | 100 | €681,707 | €681,707 | = | 0.0% |
| Reserves | 13 | €1,121,753 | €2,154,101 | +€1.0m | +92.0% |
| Non-distributable reserves | 130/1 | €68,171 | €68,171 | = | 0.0% |
| Legal reserve | 130 | €68,171 | €68,171 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,442 | €1,139,789 | +€1.0m | +961% |
| Distributable reserves | 133 | €946,141 | €946,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€48,593 | -€48,593 | |
| Provisions and deferred taxes | 16 | €55,324 | €395,535 | +€340,211 | +615% |
| Deferred taxes | 168 | €55,324 | €395,535 | +€340,211 | +615% |
| Amounts payable | 17/49 | €777,540 | €928,775 | +€151,236 | +19.5% |
| Amounts payable within one year | 42/48 | €439,758 | €533,200 | +€93,442 | +21.2% |
| Trade debts | 44 | €7,716 | €139,763 | +€132,047 | +1,711% |
| Suppliers | 440/4 | €7,716 | €139,763 | +€132,047 | +1,711% |
| Taxes, remuneration and social security | 45 | €20,115 | €20,892 | +€777 | +3.9% |
| Taxes | 450/3 | €11,346 | €18,749 | +€7,404 | +65.3% |
| Remuneration and social security | 454/9 | €8,769 | €2,143 | -€6,626 | -75.6% |
| Other amounts payable | 47/48 | €411,928 | €372,545 | -€39,383 | -9.6% |
| Accrued charges and deferred income | 492/3 | €337,781 | €395,575 | +€57,794 | +17.1% |
| Non-recurring operating income | 76A | - | €1,405,135 | +€1.4m | |
| Remuneration, social security and pensions | 62 | €30,191 | €23,299 | -€6,892 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,058 | €170,915 | -€4,142 | -2.4% |
| Other operating charges | 640/8 | €84,904 | €105,848 | +€20,944 | +24.7% |
| Gross operating margin | 9900 | €336,424 | €1,681,746 | +€1.3m | +400% |
| Operating profit (loss) | 9901 | €46,272 | €1,381,685 | +€1.3m | +2,886% |
| Financial income | 75/76B | €2,734 | €631 | -€2,103 | -76.9% |
| Recurring financial income | 75 | €2,734 | €631 | -€2,103 | -76.9% |
| Financial charges | 65/66B | €389 | €58,351 | +€57,962 | +14,905% |
| Recurring financial charges | 65 | €389 | €58,351 | +€57,962 | +14,905% |
| Profit (loss) for the period before taxes | 9903 | €48,617 | €1,323,965 | +€1.3m | +2,623% |
| Transfer from deferred taxes | 780 | €11,073 | €11,073 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €351,284 | +€351,284 | |
| Income taxes | 67/77 | €22,735 | - | -€22,735 | |
| Profit (loss) for the period | 9904 | €36,956 | €983,754 | +€946,798 | +2,562% |
| Transfer from tax-exempt reserves | 789 | €21,504 | €21,504 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €1,053,851 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €58,459 | -€48,593 | -€107,053 |
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 22 October 2026 via checked.be.