MARKATWAN: 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.
MARKATWAN
Largest movements
- Stocks and contracts -€9,197
down €9,197 (-41.8%), from €22,000 to €12,803
of which Stocks: -€6,000
- Receivables within one year -€3,326
down €3,326 (-15.9%), from €20,902 to €17,576
of which Trade receivables: -€8,773
- Tangible fixed assets -€2,816
down €2,816 (-9.1%), from €30,800 to €27,984
of which Land and buildings: -€4,400
- Cash +€1,091
up €1,091 (+49.3%), from €2,214 to €3,304
mainly Stocks and contracts (+€9,197) and Net result for the year (+€5,673)
- Short-term financial debts -€18,184
down €18,184 (-94.5%), from €19,251 to €1,067
- Profit (loss) carried forward +€5,673
up €5,673 (+11.1%), from -€51,248 to -€45,575
- Trade debts -€1,832
down €1,832 (-41.4%), from €4,422 to €2,590
- Gross operating margin +€4,652
up €4,652 (+42.9%), from €10,835 to €15,488
- Financial charges -€653
down €653 (-20.1%), from €3,251 to €2,598
- Depreciation +€479
up €479 (+10.9%), from €4,400 to €4,879
- Financial income +€376
up €376 (+119%), from €314 to €690
- Other operating charges -€269
down €269 (-10.3%), from €2,599 to €2,330
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 | €76,127 | €61,879 | -€14,248 | -18.7% |
| Fixed assets | 21/28 | €31,011 | €28,195 | -€2,816 | -9.1% |
| Tangible fixed assets | 22/27 | €30,800 | €27,984 | -€2,816 | -9.1% |
| Land and buildings | 22 | €30,800 | €26,400 | -€4,400 | -14.3% |
| Plant, machinery and equipment | 23 | - | €983 | +€983 | |
| Furniture and vehicles | 24 | - | €601 | +€601 | |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €45,116 | €33,684 | -€11,432 | -25.3% |
| Stocks and contracts in progress | 3 | €22,000 | €12,803 | -€9,197 | -41.8% |
| Stocks | 30/36 | €16,000 | €10,000 | -€6,000 | -37.5% |
| Contracts in progress | 37 | €6,000 | €2,803 | -€3,197 | -53.3% |
| Amounts receivable within one year | 40/41 | €20,902 | €17,576 | -€3,326 | -15.9% |
| Trade receivables | 40 | €19,552 | €10,780 | -€8,773 | -44.9% |
| Other amounts receivable | 41 | €1,350 | €6,797 | +€5,447 | +404% |
| Cash at bank and in hand | 54/58 | €2,214 | €3,304 | +€1,091 | +49.3% |
| Total equity and liabilities | 10/49 | €76,127 | €61,879 | -€14,248 | -18.7% |
| Equity | 10/15 | €51,255 | €56,928 | +€5,673 | +11.1% |
| Contributions | 10/11 | €96,091 | €96,091 | = | 0.0% |
| Reserves | 13 | €6,411 | €6,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,411 | €6,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,248 | -€45,575 | +€5,673 | +11.1% |
| Amounts payable | 17/49 | €24,872 | €4,951 | -€19,921 | -80.1% |
| Amounts payable within one year | 42/48 | €24,872 | €4,951 | -€19,921 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €19,251 | €1,067 | -€18,184 | -94.5% |
| Credit institutions | 430/8 | €19,251 | €1,067 | -€18,184 | -94.5% |
| Trade debts | 44 | €4,422 | €2,590 | -€1,832 | -41.4% |
| Suppliers | 440/4 | €4,422 | €2,590 | -€1,832 | -41.4% |
| Taxes, remuneration and social security | 45 | €1,200 | €1,294 | +€95 | +7.9% |
| Taxes | 450/3 | €1,200 | €1,294 | +€95 | +7.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,400 | €4,879 | +€479 | +10.9% |
| Other operating charges | 640/8 | €2,599 | €2,330 | -€269 | -10.3% |
| Gross operating margin | 9900 | €10,835 | €15,488 | +€4,652 | +42.9% |
| Operating profit (loss) | 9901 | €3,836 | €8,278 | +€4,442 | +116% |
| Financial income | 75/76B | €314 | €690 | +€376 | +119% |
| Recurring financial income | 75 | €314 | €690 | +€376 | +119% |
| Financial charges | 65/66B | €3,251 | €2,598 | -€653 | -20.1% |
| Recurring financial charges | 65 | €3,251 | €2,598 | -€653 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €900 | €6,369 | +€5,470 | +608% |
| Income taxes | 67/77 | €528 | €696 | +€169 | +31.9% |
| Profit (loss) for the period | 9904 | €372 | €5,673 | +€5,301 | +1,425% |
| Profit (loss) for the period to be appropriated | 9905 | €372 | €5,673 | +€5,301 | +1,425% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.