MARKEE: 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.
MARKEE
Largest movements
- Receivables within one year -€180,480
down €180,480 (-24.0%), from €751,302 to €570,821
of which Trade receivables: -€164,866
- Cash +€102,742
up €102,742 (+48.0%), from €214,164 to €316,905
mainly Receivables within one year (+€180,480) and Tax, wage and social debts (+€43,722)
- Accrued charges and deferred income -€77,756
down €77,756 (-98.3%), from €79,121 to €1,365
- Trade debts -€63,379
down €63,379 (-35.5%), from €178,396 to €115,017
- Tax, wage and social debts +€43,722
up €43,722 (+24.6%), from €177,417 to €221,139
of which Remuneration and social security: +€55,437
- Other debts +€36,026
up €36,026 (+88733.6%), from €41 to €36,066
- Gross operating margin -€819,000
down €819,000 (-56.0%), from €1.5m to €642,785
- Staff costs -€580,808
down €580,808 (-50.6%), from €1.1m to €565,902
- Financial income -€117,618
down €117,618 (-98.5%), from €119,398 to €1,780
- Taxes -€52,911
down €52,911 (-78.4%), from €67,528 to €14,617
- Depreciation -€36,575
down €36,575 (-48.0%), from €76,168 to €39,593
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 | €1,240,276 | €1,187,773 | -€52,503 | -4.2% |
| Fixed assets | 21/28 | €270,232 | €284,544 | +€14,312 | +5.3% |
| Intangible fixed assets | 21 | - | €10,915 | +€10,915 | |
| Tangible fixed assets | 22/27 | €227,987 | €231,385 | +€3,397 | +1.5% |
| Plant, machinery and equipment | 23 | €2,622 | €3,755 | +€1,133 | +43.2% |
| Furniture and vehicles | 24 | €98,119 | €112,253 | +€14,134 | +14.4% |
| Other tangible fixed assets | 26 | €127,247 | €115,377 | -€11,870 | -9.3% |
| Financial fixed assets | 28 | €42,245 | €42,245 | = | 0.0% |
| Current assets | 29/58 | €970,044 | €903,229 | -€66,815 | -6.9% |
| Amounts receivable within one year | 40/41 | €751,302 | €570,821 | -€180,480 | -24.0% |
| Trade receivables | 40 | €691,503 | €526,637 | -€164,866 | -23.8% |
| Other amounts receivable | 41 | €59,798 | €44,184 | -€15,614 | -26.1% |
| Cash at bank and in hand | 54/58 | €214,164 | €316,905 | +€102,742 | +48.0% |
| Deferred charges and accrued income | 490/1 | €4,579 | €15,502 | +€10,923 | +238.6% |
| Total equity and liabilities | 10/49 | €1,240,276 | €1,187,773 | -€52,503 | -4.2% |
| Equity | 10/15 | €656,902 | €656,934 | +€32 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €25,496 | €25,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €19,296 | €19,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €569,406 | €569,438 | +€32 | 0.0% |
| Amounts payable | 17/49 | €583,375 | €530,839 | -€52,535 | -9.0% |
| Amounts payable after more than one year | 17 | €106,851 | €111,933 | +€5,082 | +4.8% |
| Financial debts | 170/4 | €106,851 | €111,933 | +€5,082 | +4.8% |
| Amounts payable within one year | 42/48 | €397,403 | €417,542 | +€20,139 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €41,549 | €45,320 | +€3,771 | +9.1% |
| Trade debts | 44 | €178,396 | €115,017 | -€63,379 | -35.5% |
| Suppliers | 440/4 | €178,396 | €115,017 | -€63,379 | -35.5% |
| Taxes, remuneration and social security | 45 | €177,417 | €221,139 | +€43,722 | +24.6% |
| Taxes | 450/3 | €63,869 | €52,154 | -€11,715 | -18.3% |
| Remuneration and social security | 454/9 | €113,549 | €168,986 | +€55,437 | +48.8% |
| Other amounts payable | 47/48 | €41 | €36,066 | +€36,026 | +88733.6% |
| Accrued charges and deferred income | 492/3 | €79,121 | €1,365 | -€77,756 | -98.3% |
| Non-recurring operating income | 76A | €101 | €0 | -€101 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,146,709 | €565,902 | -€580,808 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,168 | €39,593 | -€36,575 | -48.0% |
| Other operating charges | 640/8 | €1,958 | €1,061 | -€897 | -45.8% |
| Gross operating margin | 9900 | €1,461,784 | €642,785 | -€819,000 | -56.0% |
| Operating profit (loss) | 9901 | €236,949 | €36,230 | -€200,720 | -84.7% |
| Financial income | 75/76B | €119,398 | €1,780 | -€117,618 | -98.5% |
| Recurring financial income | 75 | €119,398 | €1,780 | -€117,618 | -98.5% |
| Financial charges | 65/66B | €9,171 | €2,360 | -€6,810 | -74.3% |
| Recurring financial charges | 65 | €9,171 | €2,360 | -€6,810 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €347,176 | €35,649 | -€311,527 | -89.7% |
| Income taxes | 67/77 | €67,528 | €14,617 | -€52,911 | -78.4% |
| Profit (loss) for the period | 9904 | €279,648 | €21,032 | -€258,616 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €279,648 | €21,032 | -€258,616 | -92.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.