MarketAir: what changed
What changed
MarketAir
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€1,797
2024 · -€7,192+€8,988
Equity
€13,131
2024 · €11,335+€1,797
Cash
€1,180
2024 · €1,541-€361
Balance sheet total
€198,499
2024 · €200,408-€1,908
Largest movements
Assets
- Financial fixed assets +€25,525
up €25,525 (+120%), from €21,185 to €46,710
- Receivables within one year -€21,188
down €21,188 (-67.7%), from €31,281 to €10,093
of which Other amounts receivable: -€16,500
- Tangible fixed assets -€5,885
down €5,885 (-4.0%), from €146,400 to €140,516
of which Land and buildings: -€6,405
Equity and liabilities
- Debts after one year -€5,582
down €5,582 (-22.6%), from €24,654 to €19,072
- Other debts +€4,241
up €4,241 (+2.8%), from €150,621 to €154,862
- Trade debts -€2,343
down €2,343 (-90.6%), from €2,588 to €244
Income statement
- Gross operating margin +€6,333
up €6,333 (+158%), from €4,015 to €10,348
- Financial income +€1,352
up €1,352 (+541%), from €250 to €1,602
- Financial charges -€1,060
down €1,060 (-55.9%), from €1,895 to €835
- Depreciation -€249
down €249 (-3.4%), from €7,248 to €6,999
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,192
Gross operating margin
+€6,333
Depreciation
+€249
Other operating charges
-€6
Financial income
+€1,352
Financial charges
+€1,060
Taxes
-€0
Result 2025
€1,797
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,861
Investment
-€26,640
Financing
-€5,582
Cash 2024
€1,541
From operations (derived)
+€31,861
Net result for the year
+€1,797
Depreciation
+€6,999
Receivables within one year
+€21,188
Trade debts
-€2,343
Tax, wage and social debts
-€111
Other debts
+€4,241
Accrued charges and deferred income
+€90
Investment (derived)
-€26,640
Investment in fixed assets (net)
-€26,640
Financing
-€5,582
Debts after one year
-€5,582
Cash 2025
€1,180
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,408 | €198,499 | -€1,908 | -1.0% |
| Fixed assets | 21/28 | €167,585 | €187,226 | +€19,640 | +11.7% |
| Tangible fixed assets | 22/27 | €146,400 | €140,516 | -€5,885 | -4.0% |
| Land and buildings | 22 | €145,827 | €139,421 | -€6,405 | -4.4% |
| Furniture and vehicles | 24 | €0 | €1,095 | +€1,095 | |
| Other tangible fixed assets | 26 | €574 | €0 | -€574 | -100% |
| Financial fixed assets | 28 | €21,185 | €46,710 | +€25,525 | +120% |
| Current assets | 29/58 | €32,822 | €11,273 | -€21,549 | -65.7% |
| Amounts receivable within one year | 40/41 | €31,281 | €10,093 | -€21,188 | -67.7% |
| Trade receivables | 40 | €6,781 | €2,093 | -€4,688 | -69.1% |
| Other amounts receivable | 41 | €24,500 | €8,000 | -€16,500 | -67.3% |
| Cash at bank and in hand | 54/58 | €1,541 | €1,180 | -€361 | -23.4% |
| Total equity and liabilities | 10/49 | €200,408 | €198,499 | -€1,908 | -1.0% |
| Equity | 10/15 | €11,335 | €13,131 | +€1,797 | +15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €588 | €588 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,513 | -€1,717 | +€1,797 | +51.1% |
| Amounts payable | 17/49 | €189,073 | €185,368 | -€3,705 | -2.0% |
| Amounts payable after more than one year | 17 | €24,654 | €19,072 | -€5,582 | -22.6% |
| Financial debts | 170/4 | €24,654 | €19,072 | -€5,582 | -22.6% |
| Amounts payable within one year | 42/48 | €160,363 | €162,150 | +€1,787 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,582 | €5,582 | = | 0.0% |
| Trade debts | 44 | €2,588 | €244 | -€2,343 | -90.6% |
| Suppliers | 440/4 | €2,588 | €244 | -€2,343 | -90.6% |
| Taxes, remuneration and social security | 45 | €1,573 | €1,462 | -€111 | -7.0% |
| Taxes | 450/3 | €1,573 | €1,462 | -€111 | -7.0% |
| Other amounts payable | 47/48 | €150,621 | €154,862 | +€4,241 | +2.8% |
| Accrued charges and deferred income | 492/3 | €4,056 | €4,146 | +€90 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,248 | €6,999 | -€249 | -3.4% |
| Other operating charges | 640/8 | €2,314 | €2,319 | +€6 | +0.2% |
| Gross operating margin | 9900 | €4,015 | €10,348 | +€6,333 | +158% |
| Operating profit (loss) | 9901 | -€5,547 | €1,029 | +€6,576 | |
| Financial income | 75/76B | €250 | €1,602 | +€1,352 | +541% |
| Recurring financial income | 75 | €250 | €1,602 | +€1,352 | +541% |
| Financial charges | 65/66B | €1,895 | €835 | -€1,060 | -55.9% |
| Recurring financial charges | 65 | €1,895 | €835 | -€1,060 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,192 | €1,797 | +€8,988 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€7,192 | €1,797 | +€8,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,192 | €1,797 | +€8,988 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.