MARKATO-LAW: 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.
MARKATO-LAW
Largest movements
- Cash +€119,874
up €119,874 (+25.4%), from €472,019 to €591,893
mainly Other debts (+€651,524) and Net result for the year (+€474,432)
- Receivables within one year +€81,874
up €81,874 (+32.5%), from €251,644 to €333,518
of which Trade receivables: +€76,238
- Other debts +€651,524
up €651,524 (+1,210%), from €53,830 to €705,353
- Profit (loss) carried forward -€365,568
down €365,568 (-99.2%), from €368,521 to €2,953
- Trade debts -€70,441
down €70,441 (-59.6%), from €118,285 to €47,844
- Tax, wage and social debts -€14,793
down €14,793 (-7.8%), from €189,490 to €174,697
of which Taxes: -€13,863
- Gross operating margin +€301,509
up €301,509 (+80.6%), from €374,067 to €675,575
- Taxes +€79,135
up €79,135 (+105%), from €75,265 to €154,401
- Staff costs -€7,987
down €7,987 (-15.1%), from €52,893 to €44,905
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 | €730,726 | €931,446 | +€200,721 | +27.5% |
| Fixed assets | 21/28 | €7,063 | €6,036 | -€1,027 | -14.5% |
| Tangible fixed assets | 22/27 | €7,063 | €6,036 | -€1,027 | -14.5% |
| Plant, machinery and equipment | 23 | €7,063 | €6,036 | -€1,027 | -14.5% |
| Current assets | 29/58 | €723,663 | €925,411 | +€201,748 | +27.9% |
| Amounts receivable within one year | 40/41 | €251,644 | €333,518 | +€81,874 | +32.5% |
| Trade receivables | 40 | €251,644 | €327,882 | +€76,238 | +30.3% |
| Other amounts receivable | 41 | - | €5,636 | +€5,636 | |
| Cash at bank and in hand | 54/58 | €472,019 | €591,893 | +€119,874 | +25.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €730,726 | €931,446 | +€200,721 | +27.5% |
| Equity | 10/15 | €369,121 | €3,553 | -€365,568 | -99.0% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €368,521 | €2,953 | -€365,568 | -99.2% |
| Amounts payable | 17/49 | €361,605 | €927,894 | +€566,289 | +157% |
| Amounts payable within one year | 42/48 | €361,605 | €927,894 | +€566,289 | +157% |
| Trade debts | 44 | €118,285 | €47,844 | -€70,441 | -59.6% |
| Suppliers | 440/4 | €118,285 | €47,844 | -€70,441 | -59.6% |
| Taxes, remuneration and social security | 45 | €189,490 | €174,697 | -€14,793 | -7.8% |
| Taxes | 450/3 | €182,842 | €168,979 | -€13,863 | -7.6% |
| Remuneration and social security | 454/9 | €6,648 | €5,718 | -€931 | -14.0% |
| Other amounts payable | 47/48 | €53,830 | €705,353 | +€651,524 | +1,210% |
| Remuneration, social security and pensions | 62 | €52,893 | €44,905 | -€7,987 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €1,027 | -€1,614 | -61.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €374,067 | €675,575 | +€301,509 | +80.6% |
| Operating profit (loss) | 9901 | €318,145 | €629,243 | +€311,098 | +97.8% |
| Financial income | 75/76B | €494 | €0 | -€494 | -100.0% |
| Recurring financial income | 75 | €494 | €0 | -€494 | -100.0% |
| Financial charges | 65/66B | €451 | €411 | -€40 | -8.9% |
| Recurring financial charges | 65 | €451 | €411 | -€40 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €318,188 | €628,832 | +€310,644 | +97.6% |
| Income taxes | 67/77 | €75,265 | €154,401 | +€79,135 | +105% |
| Profit (loss) for the period | 9904 | €242,923 | €474,432 | +€231,509 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €242,923 | €474,432 | +€231,509 | +95.3% |
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 19 October 2026 via checked.be.