MARKE: 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.
MARKE
Largest movements
- Receivables within one year -€28,829
down €28,829 (-44.4%), from €64,983 to €36,154
- Tangible fixed assets -€13,049
down €13,049 (-3.6%), from €364,524 to €351,475
of which Land and buildings: -€13,049
- Cash +€9,517
up €9,517 (+92.4%), from €10,298 to €19,816
mainly Receivables within one year (+€28,829) and Depreciation (+€13,049)
- Reserves -€17,457
down €17,457 (-4.5%), from €389,268 to €371,812
of which Distributable reserves: -€17,457
- Tax, wage and social debts -€11,475
down €11,475 (-78.7%), from €14,579 to €3,104
- Other operating charges +€57,531
up €57,531 (+1226.7%), from €4,690 to €62,221
- Gross operating margin +€3,120
up €3,120 (+4.5%), from €68,582 to €71,702
- Depreciation -€2,584
down €2,584 (-16.5%), from €15,633 to €13,049
- Taxes +€1,388
up €1,388 (+11.5%), from €12,065 to €13,453
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 | €440,435 | €408,093 | -€32,343 | -7.3% |
| Fixed assets | 21/28 | €364,524 | €351,475 | -€13,049 | -3.6% |
| Tangible fixed assets | 22/27 | €364,524 | €351,475 | -€13,049 | -3.6% |
| Land and buildings | 22 | €348,824 | €335,775 | -€13,049 | -3.7% |
| Other tangible fixed assets | 26 | €15,700 | €15,700 | = | 0.0% |
| Current assets | 29/58 | €75,911 | €56,618 | -€19,294 | -25.4% |
| Amounts receivable within one year | 40/41 | €64,983 | €36,154 | -€28,829 | -44.4% |
| Other amounts receivable | 41 | €64,983 | €36,154 | -€28,829 | -44.4% |
| Cash at bank and in hand | 54/58 | €10,298 | €19,816 | +€9,517 | +92.4% |
| Deferred charges and accrued income | 490/1 | €630 | €649 | +€18 | +2.9% |
| Total equity and liabilities | 10/49 | €440,435 | €408,093 | -€32,343 | -7.3% |
| Equity | 10/15 | €420,255 | €402,799 | -€17,457 | -4.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €389,268 | €371,812 | -€17,457 | -4.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €386,170 | €368,713 | -€17,457 | -4.5% |
| Amounts payable | 17/49 | €20,180 | €5,294 | -€14,886 | -73.8% |
| Amounts payable within one year | 42/48 | €17,990 | €3,104 | -€14,886 | -82.7% |
| Taxes, remuneration and social security | 45 | €14,579 | €3,104 | -€11,475 | -78.7% |
| Taxes | 450/3 | €14,579 | €3,104 | -€11,475 | -78.7% |
| Other amounts payable | 47/48 | €3,411 | - | -€3,411 | |
| Accrued charges and deferred income | 492/3 | €2,190 | €2,190 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,633 | €13,049 | -€2,584 | -16.5% |
| Other operating charges | 640/8 | €4,690 | €62,221 | +€57,531 | +1226.7% |
| Gross operating margin | 9900 | €68,582 | €71,702 | +€3,120 | +4.5% |
| Operating profit (loss) | 9901 | €48,259 | -€3,567 | -€51,827 | |
| Financial charges | 65/66B | - | €350 | +€350 | |
| Recurring financial charges | 65 | - | €350 | +€350 | |
| Profit (loss) for the period before taxes | 9903 | €48,259 | -€3,917 | -€52,177 | |
| Income taxes | 67/77 | €12,065 | €13,453 | +€1,388 | +11.5% |
| Profit (loss) for the period | 9904 | €36,194 | -€17,371 | -€53,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,194 | -€17,371 | -€53,565 |
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 1 October 2026 via checked.be.