MARKELIAN: 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.
MARKELIAN
Largest movements
- Receivables within one year +€53,072
up €53,072 (+136%), from €39,137 to €92,210
of which Trade receivables: +€40,449
- Stocks and contracts +€5,075
up €5,075 (+35.7%), from €14,225 to €19,300
- Profit (loss) carried forward +€38,212
up €38,212 (+82.2%), from €46,477 to €84,689
- Trade debts +€14,414
up €14,414 (+5,105%), from €282 to €14,697
- Tax, wage and social debts +€5,166
up €5,166 (+47.4%), from €10,906 to €16,072
- Gross operating margin +€58,086
up €58,086 (+367%), from €15,818 to €73,904
- Other operating charges +€17,365
up €17,365 (+533%), from €3,255 to €20,620
- Taxes +€11,244
up €11,244 (+489%), from €2,299 to €13,543
- Financial income +€1,195
up €1,195 (+71.6%), from €1,670 to €2,866
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,866 | €121,658 | +€57,792 | +90.5% |
| Fixed assets | 21/28 | €412 | - | -€412 | |
| Tangible fixed assets | 22/27 | €412 | - | -€412 | |
| Other tangible fixed assets | 26 | €412 | - | -€412 | |
| Current assets | 29/58 | €63,454 | €121,658 | +€58,204 | +91.7% |
| Stocks and contracts in progress | 3 | €14,225 | €19,300 | +€5,075 | +35.7% |
| Stocks | 30/36 | €14,225 | €19,300 | +€5,075 | +35.7% |
| Amounts receivable within one year | 40/41 | €39,137 | €92,210 | +€53,072 | +136% |
| Trade receivables | 40 | - | €40,449 | +€40,449 | |
| Other amounts receivable | 41 | €39,137 | €51,761 | +€12,623 | +32.3% |
| Cash at bank and in hand | 54/58 | €10,091 | €10,148 | +€57 | +0.6% |
| Total equity and liabilities | 10/49 | €63,866 | €121,658 | +€57,792 | +90.5% |
| Equity | 10/15 | €52,677 | €90,889 | +€38,212 | +72.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,477 | €84,689 | +€38,212 | +82.2% |
| Amounts payable | 17/49 | €11,189 | €30,769 | +€19,580 | +175% |
| Amounts payable within one year | 42/48 | €11,189 | €30,769 | +€19,580 | +175% |
| Trade debts | 44 | €282 | €14,697 | +€14,414 | +5,105% |
| Suppliers | 440/4 | €282 | €14,697 | +€14,414 | +5,105% |
| Taxes, remuneration and social security | 45 | €10,906 | €16,072 | +€5,166 | +47.4% |
| Taxes | 450/3 | €10,906 | €16,072 | +€5,166 | +47.4% |
| Remuneration, social security and pensions | 62 | - | €310 | +€310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €412 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,255 | €20,620 | +€17,365 | +533% |
| Gross operating margin | 9900 | €15,818 | €73,904 | +€58,086 | +367% |
| Operating profit (loss) | 9901 | €12,150 | €52,561 | +€40,411 | +333% |
| Financial income | 75/76B | €1,670 | €2,866 | +€1,195 | +71.6% |
| Recurring financial income | 75 | €1,670 | €2,866 | +€1,195 | +71.6% |
| Financial charges | 65/66B | €3,053 | €3,673 | +€619 | +20.3% |
| Recurring financial charges | 65 | €3,053 | €3,673 | +€619 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €10,767 | €51,755 | +€40,987 | +381% |
| Income taxes | 67/77 | €2,299 | €13,543 | +€11,244 | +489% |
| Profit (loss) for the period | 9904 | €8,469 | €38,212 | +€29,743 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €8,469 | €38,212 | +€29,743 | +351% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.