MARKEDLYNE: 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.
MARKEDLYNE
Largest movements
- Tangible fixed assets +€32,440
up €32,440 (+1548.8%), from €2,095 to €34,535
of which Leasing and similar rights: +€33,069
- Receivables within one year -€15,415
down €15,415 (-46.5%), from €33,185 to €17,769
of which Trade receivables: -€20,763
- Cash +€9,999
up €9,999 (+169.5%), from €5,900 to €15,899
mainly Debts after one year (+€26,766) and Receivables within one year (+€15,415)
- Deferred charges and accrued income +€1,297
new in 2025: €1,297
- Debts after one year +€26,766
new in 2025: €26,766
- Other debts -€10,050
down €10,050 (-87.5%), from €11,484 to €1,434
- Reserves +€8,263
up €8,263 (+51.0%), from €16,195 to €24,458
- Current portion of long-term debt +€6,727
new in 2025: €6,727
- Tax, wage and social debts -€2,922
down €2,922 (-43.7%), from €6,684 to €3,762
- Gross operating margin -€6,176
down €6,176 (-25.3%), from €24,422 to €18,246
- Depreciation +€1,963
up €1,963 (+82.7%), from €2,373 to €4,337
- Taxes -€1,760
down €1,760 (-39.6%), from €4,440 to €2,680
- Financial charges +€868
up €868 (+295.3%), from €294 to €1,161
- Other operating charges +€351
up €351 (+134.1%), from €261 to €612
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 | €44,464 | €72,649 | +€28,185 | +63.4% |
| Fixed assets | 21/28 | €2,095 | €34,535 | +€32,440 | +1548.8% |
| Tangible fixed assets | 22/27 | €2,095 | €34,535 | +€32,440 | +1548.8% |
| Plant, machinery and equipment | 23 | €2,095 | €1,466 | -€629 | -30.0% |
| Leasing and similar rights | 25 | - | €33,069 | +€33,069 | |
| Current assets | 29/58 | €42,369 | €38,114 | -€4,255 | -10.0% |
| Stocks and contracts in progress | 3 | €3,285 | €3,149 | -€136 | -4.1% |
| Stocks | 30/36 | €3,285 | €3,149 | -€136 | -4.1% |
| Amounts receivable within one year | 40/41 | €33,185 | €17,769 | -€15,415 | -46.5% |
| Trade receivables | 40 | €31,624 | €10,861 | -€20,763 | -65.7% |
| Other amounts receivable | 41 | €1,560 | €6,908 | +€5,348 | +342.8% |
| Cash at bank and in hand | 54/58 | €5,900 | €15,899 | +€9,999 | +169.5% |
| Deferred charges and accrued income | 490/1 | - | €1,297 | +€1,297 | |
| Total equity and liabilities | 10/49 | €44,464 | €72,649 | +€28,185 | +63.4% |
| Equity | 10/15 | €17,395 | €25,658 | +€8,263 | +47.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €16,195 | €24,458 | +€8,263 | +51.0% |
| Distributable reserves | 133 | €16,195 | €24,458 | +€8,263 | +51.0% |
| Amounts payable | 17/49 | €27,069 | €46,991 | +€19,922 | +73.6% |
| Amounts payable after more than one year | 17 | - | €26,766 | +€26,766 | |
| Financial debts | 170/4 | - | €26,766 | +€26,766 | |
| Amounts payable within one year | 42/48 | €27,069 | €20,225 | -€6,844 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,727 | +€6,727 | |
| Trade debts | 44 | €8,901 | €8,302 | -€599 | -6.7% |
| Suppliers | 440/4 | €8,901 | €8,302 | -€599 | -6.7% |
| Taxes, remuneration and social security | 45 | €6,684 | €3,762 | -€2,922 | -43.7% |
| Taxes | 450/3 | €6,684 | €3,762 | -€2,922 | -43.7% |
| Other amounts payable | 47/48 | €11,484 | €1,434 | -€10,050 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,373 | €4,337 | +€1,963 | +82.7% |
| Other operating charges | 640/8 | €261 | €612 | +€351 | +134.1% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €24,422 | €18,246 | -€6,176 | -25.3% |
| Operating profit (loss) | 9901 | €21,788 | €12,937 | -€8,851 | -40.6% |
| Financial charges | 65/66B | €294 | €1,161 | +€868 | +295.3% |
| Recurring financial charges | 65 | €294 | €1,161 | +€868 | +295.3% |
| Profit (loss) for the period before taxes | 9903 | €21,494 | €11,776 | -€9,718 | -45.2% |
| Income taxes | 67/77 | €4,440 | €2,680 | -€1,760 | -39.6% |
| Profit (loss) for the period | 9904 | €17,054 | €9,096 | -€7,958 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,054 | €9,096 | -€7,958 | -46.7% |
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 10 October 2026 via checked.be.