MARKEN: 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.
MARKEN
Largest movements
- Cash -€282,054
down €282,054 (-74.7%), from €377,470 to €95,416
mainly Stocks and contracts (-€273,589) and Receivables within one year (-€131,219)
- Stocks and contracts +€273,589
up €273,589 (+45.8%), from €596,780 to €870,369
- Receivables within one year +€131,219
up €131,219 (+53.8%), from €243,955 to €375,173
- Short-term financial debts +€125,000
new in 2025: €125,000
- Debts after one year +€60,000
up €60,000 (+7.9%), from €757,000 to €817,000
- Tax, wage and social debts -€58,354
down €58,354 (-100.0%), from €58,354 to €0
- Accrued charges and deferred income +€24,028
new in 2025: €24,028
- Profit (loss) carried forward -€15,379
down €15,379 (-8.2%), from €186,901 to €171,522
- Gross operating margin -€100,982
down €100,982 (-84.7%), from €119,206 to €18,225
- Taxes -€23,236
down €23,236 (-99.3%), from €23,405 to €169
- Financial charges +€3,061
up €3,061 (+11.5%), from €26,525 to €29,587
- Other operating charges +€1,685
up €1,685 (+77.9%), from €2,163 to €3,848
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 | €1,218,204 | €1,340,958 | +€122,754 | +10.1% |
| Current assets | 29/58 | €1,218,204 | €1,340,958 | +€122,754 | +10.1% |
| Stocks and contracts in progress | 3 | €596,780 | €870,369 | +€273,589 | +45.8% |
| Stocks | 30/36 | €596,780 | €870,369 | +€273,589 | +45.8% |
| Amounts receivable within one year | 40/41 | €243,955 | €375,173 | +€131,219 | +53.8% |
| Other amounts receivable | 41 | €243,955 | €375,173 | +€131,219 | +53.8% |
| Cash at bank and in hand | 54/58 | €377,470 | €95,416 | -€282,054 | -74.7% |
| Total equity and liabilities | 10/49 | €1,218,204 | €1,340,958 | +€122,754 | +10.1% |
| Equity | 10/15 | €336,901 | €321,522 | -€15,379 | -4.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,901 | €171,522 | -€15,379 | -8.2% |
| Amounts payable | 17/49 | €881,303 | €1,019,436 | +€138,132 | +15.7% |
| Amounts payable after more than one year | 17 | €757,000 | €817,000 | +€60,000 | +7.9% |
| Other amounts payable | 178/9 | €757,000 | €817,000 | +€60,000 | +7.9% |
| Amounts payable within one year | 42/48 | €124,303 | €178,407 | +€54,104 | +43.5% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €978 | €1,011 | +€34 | +3.5% |
| Suppliers | 440/4 | €978 | €1,011 | +€34 | +3.5% |
| Taxes, remuneration and social security | 45 | €58,354 | €0 | -€58,354 | -100.0% |
| Taxes | 450/3 | €58,354 | €0 | -€58,354 | -100.0% |
| Other amounts payable | 47/48 | €64,972 | €52,396 | -€12,576 | -19.4% |
| Accrued charges and deferred income | 492/3 | - | €24,028 | +€24,028 | |
| Other operating charges | 640/8 | €2,163 | €3,848 | +€1,685 | +77.9% |
| Gross operating margin | 9900 | €119,206 | €18,225 | -€100,982 | -84.7% |
| Operating profit (loss) | 9901 | €117,043 | €14,377 | -€102,667 | -87.7% |
| Financial charges | 65/66B | €26,525 | €29,587 | +€3,061 | +11.5% |
| Recurring financial charges | 65 | €26,525 | €29,587 | +€3,061 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €90,518 | -€15,210 | -€105,728 | |
| Income taxes | 67/77 | €23,405 | €169 | -€23,236 | -99.3% |
| Profit (loss) for the period | 9904 | €67,113 | -€15,379 | -€82,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,113 | -€15,379 | -€82,492 |
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 10 October 2026 via checked.be.