MARKETSIDE: 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.
MARKETSIDE
Largest movements
- Tangible fixed assets -€35,474
down €35,474 (-2.0%), from €1.8m to €1.8m
- Profit (loss) carried forward -€25,726
down €25,726 (-37.5%), from -€68,644 to -€94,370
- Debts after one year -€19,251
down €19,251 (-2.6%), from €750,120 to €730,869
- Gross operating margin +€28,955
up €28,955 (+943.7%), from €3,068 to €32,023
- Depreciation +€17,591
up €17,591 (+98.4%), from €17,883 to €35,474
- Other operating charges +€2,093
up €2,093 (+160.9%), from €1,301 to €3,394
- Financial charges -€468
down €468 (-2.4%), from €19,348 to €18,880
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 | €1,821,304 | €1,782,244 | -€39,060 | -2.1% |
| Fixed assets | 21/28 | €1,814,205 | €1,778,731 | -€35,474 | -2.0% |
| Tangible fixed assets | 22/27 | €1,814,205 | €1,778,731 | -€35,474 | -2.0% |
| Land and buildings | 22 | €1,814,205 | €1,778,731 | -€35,474 | -2.0% |
| Current assets | 29/58 | €7,099 | €3,513 | -€3,586 | -50.5% |
| Cash at bank and in hand | 54/58 | €7,099 | €3,513 | -€3,586 | -50.5% |
| Total equity and liabilities | 10/49 | €1,821,304 | €1,782,244 | -€39,060 | -2.1% |
| Equity | 10/15 | €931,356 | €905,630 | -€25,726 | -2.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,644 | -€94,370 | -€25,726 | -37.5% |
| Amounts payable | 17/49 | €889,948 | €876,614 | -€13,335 | -1.5% |
| Amounts payable after more than one year | 17 | €750,120 | €730,869 | -€19,251 | -2.6% |
| Financial debts | 170/4 | €750,120 | €730,869 | -€19,251 | -2.6% |
| Amounts payable within one year | 42/48 | €132,667 | €138,281 | +€5,615 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €18,597 | €19,251 | +€653 | +3.5% |
| Trade debts | 44 | €99 | €47 | -€52 | -52.2% |
| Suppliers | 440/4 | €99 | €47 | -€52 | -52.2% |
| Other amounts payable | 47/48 | €113,971 | €118,984 | +€5,013 | +4.4% |
| Accrued charges and deferred income | 492/3 | €7,161 | €7,463 | +€301 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,883 | €35,474 | +€17,591 | +98.4% |
| Other operating charges | 640/8 | €1,301 | €3,394 | +€2,093 | +160.9% |
| Gross operating margin | 9900 | €3,068 | €32,023 | +€28,955 | +943.7% |
| Operating profit (loss) | 9901 | -€16,116 | -€6,846 | +€9,270 | +57.5% |
| Financial charges | 65/66B | €19,348 | €18,880 | -€468 | -2.4% |
| Recurring financial charges | 65 | €19,348 | €18,880 | -€468 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,464 | -€25,726 | +€9,738 | +27.5% |
| Profit (loss) for the period | 9904 | -€35,464 | -€25,726 | +€9,738 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,464 | -€25,726 | +€9,738 | +27.5% |
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 11 October 2026 via checked.be.