MARKETEAM: 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.
MARKETEAM
Largest movements
- Receivables within one year -€33,850
down €33,850 (-89.6%), from €37,773 to €3,923
of which Trade receivables: -€32,285
- Intangible fixed assets -€15,000
down €15,000 (-19.9%), from €75,335 to €60,335
- Cash +€11,902
up €11,902 (+24.0%), from €49,554 to €61,456
mainly Receivables within one year (+€33,850) and Depreciation (+€15,551)
- Debts after one year -€12,716
down €12,716 (-21.8%), from €58,243 to €45,526
- Tax, wage and social debts -€7,778
no longer reported in 2025 (was €7,778)
- Trade debts -€5,880
down €5,880 (-96.0%), from €6,122 to €242
- Other debts -€5,447
down €5,447 (-15.2%), from €35,813 to €30,366
- Profit (loss) carried forward -€3,579
down €3,579 (-9.9%), from €36,145 to €32,566
- Gross operating margin -€49,250
down €49,250 (-78.9%), from €62,410 to €13,161
- Taxes -€10,521
down €10,521, from €9,512 to -€1,009
- Financial charges -€1,156
down €1,156 (-39.1%), from €2,954 to €1,799
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 | €165,418 | €127,417 | -€38,001 | -23.0% |
| Fixed assets | 21/28 | €77,589 | €62,038 | -€15,551 | -20.0% |
| Intangible fixed assets | 21 | €75,335 | €60,335 | -€15,000 | -19.9% |
| Tangible fixed assets | 22/27 | €1,689 | €1,139 | -€551 | -32.6% |
| Furniture and vehicles | 24 | €1,689 | €1,139 | -€551 | -32.6% |
| Financial fixed assets | 28 | €564 | €564 | = | 0.0% |
| Current assets | 29/58 | €87,829 | €65,379 | -€22,450 | -25.6% |
| Amounts receivable within one year | 40/41 | €37,773 | €3,923 | -€33,850 | -89.6% |
| Trade receivables | 40 | €32,285 | - | -€32,285 | |
| Other amounts receivable | 41 | €5,488 | €3,923 | -€1,565 | -28.5% |
| Cash at bank and in hand | 54/58 | €49,554 | €61,456 | +€11,902 | +24.0% |
| Deferred charges and accrued income | 490/1 | €502 | - | -€502 | |
| Total equity and liabilities | 10/49 | €165,418 | €127,417 | -€38,001 | -23.0% |
| Equity | 10/15 | €42,145 | €38,566 | -€3,579 | -8.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,145 | €32,566 | -€3,579 | -9.9% |
| Amounts payable | 17/49 | €123,273 | €88,851 | -€34,422 | -27.9% |
| Amounts payable after more than one year | 17 | €58,243 | €45,526 | -€12,716 | -21.8% |
| Financial debts | 170/4 | €58,243 | €45,526 | -€12,716 | -21.8% |
| Amounts payable within one year | 42/48 | €65,030 | €43,325 | -€21,705 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €15,317 | €12,716 | -€2,600 | -17.0% |
| Trade debts | 44 | €6,122 | €242 | -€5,880 | -96.0% |
| Suppliers | 440/4 | €6,122 | €242 | -€5,880 | -96.0% |
| Taxes, remuneration and social security | 45 | €7,778 | - | -€7,778 | |
| Taxes | 450/3 | €7,778 | - | -€7,778 | |
| Other amounts payable | 47/48 | €35,813 | €30,366 | -€5,447 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,941 | €15,551 | -€390 | -2.4% |
| Other operating charges | 640/8 | €717 | €400 | -€317 | -44.2% |
| Gross operating margin | 9900 | €62,410 | €13,161 | -€49,250 | -78.9% |
| Operating profit (loss) | 9901 | €45,752 | -€2,790 | -€48,542 | |
| Financial income | 75/76B | €4 | €1 | -€3 | -84.0% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -84.0% |
| Financial charges | 65/66B | €2,954 | €1,799 | -€1,156 | -39.1% |
| Recurring financial charges | 65 | €2,954 | €1,799 | -€1,156 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €42,802 | -€4,588 | -€47,390 | |
| Income taxes | 67/77 | €9,512 | -€1,009 | -€10,521 | |
| Profit (loss) for the period | 9904 | €33,290 | -€3,579 | -€36,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,290 | -€3,579 | -€36,869 |
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 27 October 2026 via checked.be.