Markant BELUX: 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.
Markant BELUX
Largest movements
- Tangible fixed assets -€32,174
down €32,174 (-5.4%), from €601,122 to €568,949
of which Furniture and vehicles: -€48,282
- Deferred charges and accrued income +€19,113
up €19,113 (+598.0%), from €3,196 to €22,309
- Cash +€15,579
up €15,579 (+8.9%), from €174,455 to €190,034
mainly Depreciation (+€102,652) and Net result for the year (+€32,590)
- Trade debts -€41,442
down €41,442 (-57.3%), from €72,322 to €30,879
- Profit (loss) carried forward +€32,590
up €32,590 (+24.0%), from €135,600 to €168,190
- Tax, wage and social debts +€10,151
up €10,151 (+12.2%), from €83,053 to €93,204
- Gross operating margin +€88,854
up €88,854 (+9.6%), from €929,642 to €1.0m
- Staff costs +€85,471
up €85,471 (+11.3%), from €756,746 to €842,218
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 | €989,033 | €990,332 | +€1,299 | +0.1% |
| Fixed assets | 21/28 | €601,122 | €568,949 | -€32,174 | -5.4% |
| Tangible fixed assets | 22/27 | €601,122 | €568,949 | -€32,174 | -5.4% |
| Land and buildings | 22 | €393,504 | €409,613 | +€16,109 | +4.1% |
| Furniture and vehicles | 24 | €207,618 | €159,336 | -€48,282 | -23.3% |
| Current assets | 29/58 | €387,911 | €421,383 | +€33,472 | +8.6% |
| Amounts receivable within one year | 40/41 | €210,259 | €209,039 | -€1,220 | -0.6% |
| Trade receivables | 40 | €174,045 | €179,606 | +€5,561 | +3.2% |
| Other amounts receivable | 41 | €36,214 | €29,433 | -€6,781 | -18.7% |
| Cash at bank and in hand | 54/58 | €174,455 | €190,034 | +€15,579 | +8.9% |
| Deferred charges and accrued income | 490/1 | €3,196 | €22,309 | +€19,113 | +598.0% |
| Total equity and liabilities | 10/49 | €989,033 | €990,332 | +€1,299 | +0.1% |
| Equity | 10/15 | €733,658 | €766,248 | +€32,590 | +4.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €545,449 | €545,449 | = | 0.0% |
| Reserves | 13 | €32,609 | €32,609 | = | 0.0% |
| Distributable reserves | 133 | €32,609 | €32,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,600 | €168,190 | +€32,590 | +24.0% |
| Amounts payable | 17/49 | €255,375 | €224,083 | -€31,292 | -12.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €155,375 | €124,083 | -€31,292 | -20.1% |
| Trade debts | 44 | €72,322 | €30,879 | -€41,442 | -57.3% |
| Suppliers | 440/4 | €72,322 | €30,879 | -€41,442 | -57.3% |
| Taxes, remuneration and social security | 45 | €83,053 | €93,204 | +€10,151 | +12.2% |
| Remuneration and social security | 454/9 | €83,053 | €93,204 | +€10,151 | +12.2% |
| Remuneration, social security and pensions | 62 | €756,746 | €842,218 | +€85,471 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,716 | €102,652 | +€3,936 | +4.0% |
| Other operating charges | 640/8 | €11,228 | €11,493 | +€265 | +2.4% |
| Gross operating margin | 9900 | €929,642 | €1,018,496 | +€88,854 | +9.6% |
| Operating profit (loss) | 9901 | €62,952 | €62,134 | -€818 | -1.3% |
| Financial charges | 65/66B | €9,955 | €5,615 | -€4,340 | -43.6% |
| Recurring financial charges | 65 | €9,955 | €5,615 | -€4,340 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €52,996 | €56,518 | +€3,522 | +6.6% |
| Income taxes | 67/77 | €25,375 | €23,928 | -€1,447 | -5.7% |
| Profit (loss) for the period | 9904 | €27,622 | €32,590 | +€4,969 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,622 | €32,590 | +€4,969 | +18.0% |
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 7 October 2026 via checked.be.