Marketrading: 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.
Marketrading
Largest movements
- Receivables within one year +€18,443
up €18,443 (+136%), from €13,512 to €31,955
of which Other amounts receivable: +€11,093
- Cash -€15,722
down €15,722 (-49.8%), from €31,562 to €15,840
mainly Receivables within one year (-€18,443) and Trade debts (-€12,260)
- Reserves +€26,901
up €26,901 (+25.6%), from €105,130 to €132,031
- Trade debts -€12,260
down €12,260 (-87.9%), from €13,948 to €1,688
- Debts after one year -€11,810
down €11,810 (-17.6%), from €67,230 to €55,420
- Current portion of long-term debt +€5,402
up €5,402 (+16.5%), from €32,746 to €38,148
- Gross operating margin -€22,800
down €22,800 (-29.0%), from €78,738 to €55,938
- Taxes -€6,967
down €6,967 (-28.7%), from €24,302 to €17,336
- Financial charges +€2,305
up €2,305 (+71.5%), from €3,223 to €5,527
- Other operating charges +€853
up €853 (+59.0%), from €1,444 to €2,296
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 | €288,660 | €292,831 | +€4,171 | +1.4% |
| Fixed assets | 21/28 | €241,998 | €242,235 | +€237 | +0.1% |
| Tangible fixed assets | 22/27 | €4,258 | €4,495 | +€237 | +5.6% |
| Plant, machinery and equipment | 23 | €3,972 | €3,274 | -€697 | -17.6% |
| Furniture and vehicles | 24 | €286 | €1,220 | +€934 | +327% |
| Financial fixed assets | 28 | €237,740 | €237,740 | = | 0.0% |
| Current assets | 29/58 | €46,663 | €50,597 | +€3,934 | +8.4% |
| Stocks and contracts in progress | 3 | €570 | €779 | +€209 | +36.7% |
| Stocks | 30/36 | €570 | €779 | +€209 | +36.7% |
| Amounts receivable within one year | 40/41 | €13,512 | €31,955 | +€18,443 | +136% |
| Trade receivables | 40 | €13,512 | €20,863 | +€7,351 | +54.4% |
| Other amounts receivable | 41 | €0 | €11,093 | +€11,093 | |
| Cash at bank and in hand | 54/58 | €31,562 | €15,840 | -€15,722 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,019 | €2,023 | +€1,004 | +98.5% |
| Total equity and liabilities | 10/49 | €288,660 | €292,831 | +€4,171 | +1.4% |
| Equity | 10/15 | €120,130 | €147,031 | +€26,901 | +22.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €105,130 | €132,031 | +€26,901 | +25.6% |
| Distributable reserves | 133 | €105,130 | €132,031 | +€26,901 | +25.6% |
| Amounts payable | 17/49 | €168,530 | €145,800 | -€22,730 | -13.5% |
| Amounts payable after more than one year | 17 | €67,230 | €55,420 | -€11,810 | -17.6% |
| Financial debts | 170/4 | €67,230 | €55,420 | -€11,810 | -17.6% |
| Amounts payable within one year | 42/48 | €100,682 | €90,252 | -€10,430 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €32,746 | €38,148 | +€5,402 | +16.5% |
| Trade debts | 44 | €13,948 | €1,688 | -€12,260 | -87.9% |
| Suppliers | 440/4 | €13,948 | €1,688 | -€12,260 | -87.9% |
| Taxes, remuneration and social security | 45 | €49,477 | €48,781 | -€696 | -1.4% |
| Taxes | 450/3 | €49,477 | €42,816 | -€6,661 | -13.5% |
| Remuneration and social security | 454/9 | - | €5,965 | +€5,965 | |
| Other amounts payable | 47/48 | €4,511 | €1,635 | -€2,876 | -63.8% |
| Accrued charges and deferred income | 492/3 | €618 | €128 | -€490 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,455 | €3,915 | +€461 | +13.3% |
| Other operating charges | 640/8 | €1,444 | €2,296 | +€853 | +59.0% |
| Gross operating margin | 9900 | €78,738 | €55,938 | -€22,800 | -29.0% |
| Operating profit (loss) | 9901 | €73,840 | €49,726 | -€24,114 | -32.7% |
| Financial income | 75/76B | €305 | €38 | -€267 | -87.5% |
| Recurring financial income | 75 | €305 | €38 | -€267 | -87.5% |
| Financial charges | 65/66B | €3,223 | €5,527 | +€2,305 | +71.5% |
| Recurring financial charges | 65 | €3,223 | €5,527 | +€2,305 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €70,922 | €44,237 | -€26,685 | -37.6% |
| Income taxes | 67/77 | €24,302 | €17,336 | -€6,967 | -28.7% |
| Profit (loss) for the period | 9904 | €46,620 | €26,901 | -€19,719 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,620 | €26,901 | -€19,719 | -42.3% |
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 24 October 2026 via checked.be.