MARKELLO KOSTA: 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.
MARKELLO KOSTA
Largest movements
- Cash -€18,383
down €18,383 (-32.3%), from €56,923 to €38,540
mainly Receivables within one year (-€14,687) and Trade debts (-€7,874)
- Receivables within one year +€14,687
up €14,687 (+61.2%), from €23,992 to €38,679
of which Other amounts receivable: +€10,887
- Deferred charges and accrued income -€1,511
no longer reported in 2025 (was €1,511)
- Trade debts -€7,874
down €7,874 (-46.7%), from €16,848 to €8,974
- Other debts -€5,045
down €5,045 (-74.2%), from €6,801 to €1,756
- Tax, wage and social debts +€4,907
up €4,907 (+11.4%), from €43,144 to €48,051
of which Remuneration and social security: +€5,719
- Profit (loss) carried forward +€2,806
up €2,806 (+31.4%), from €8,923 to €11,729
- Staff costs -€49,267
down €49,267 (-95.9%), from €51,366 to €2,099
- Gross operating margin -€48,376
down €48,376 (-87.9%), from €55,046 to €6,670
- Other operating charges -€895
down €895 (-52.5%), from €1,705 to €810
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 | €82,426 | €77,219 | -€5,206 | -6.3% |
| Current assets | 29/58 | €82,426 | €77,219 | -€5,206 | -6.3% |
| Amounts receivable within one year | 40/41 | €23,992 | €38,679 | +€14,687 | +61.2% |
| Trade receivables | 40 | €23,152 | €26,952 | +€3,800 | +16.4% |
| Other amounts receivable | 41 | €840 | €11,727 | +€10,887 | +1,296% |
| Cash at bank and in hand | 54/58 | €56,923 | €38,540 | -€18,383 | -32.3% |
| Deferred charges and accrued income | 490/1 | €1,511 | - | -€1,511 | |
| Total equity and liabilities | 10/49 | €82,426 | €77,219 | -€5,206 | -6.3% |
| Equity | 10/15 | €15,633 | €18,439 | +€2,806 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €510 | €510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €510 | €510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €510 | €510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,923 | €11,729 | +€2,806 | +31.4% |
| Amounts payable | 17/49 | €66,793 | €58,781 | -€8,012 | -12.0% |
| Amounts payable within one year | 42/48 | €66,793 | €58,781 | -€8,012 | -12.0% |
| Trade debts | 44 | €16,848 | €8,974 | -€7,874 | -46.7% |
| Suppliers | 440/4 | €16,848 | €8,974 | -€7,874 | -46.7% |
| Taxes, remuneration and social security | 45 | €43,144 | €48,051 | +€4,907 | +11.4% |
| Taxes | 450/3 | €2,822 | €2,010 | -€812 | -28.8% |
| Remuneration and social security | 454/9 | €40,322 | €46,041 | +€5,719 | +14.2% |
| Other amounts payable | 47/48 | €6,801 | €1,756 | -€5,045 | -74.2% |
| Remuneration, social security and pensions | 62 | €51,366 | €2,099 | -€49,267 | -95.9% |
| Other operating charges | 640/8 | €1,705 | €810 | -€895 | -52.5% |
| Gross operating margin | 9900 | €55,046 | €6,670 | -€48,376 | -87.9% |
| Operating profit (loss) | 9901 | €1,976 | €3,762 | +€1,786 | +90.4% |
| Financial income | 75/76B | €0 | €167 | +€167 | +333,500% |
| Recurring financial income | 75 | €0 | €167 | +€167 | +333,500% |
| Financial charges | 65/66B | €226 | €149 | -€77 | -33.9% |
| Recurring financial charges | 65 | €226 | €149 | -€77 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €1,750 | €3,779 | +€2,030 | +116% |
| Income taxes | 67/77 | €791 | €973 | +€183 | +23.1% |
| Profit (loss) for the period | 9904 | €959 | €2,806 | +€1,847 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €959 | €2,806 | +€1,847 | +193% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.