MARKETUM: 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.
MARKETUM
Largest movements
- Current investments +€17,721
new in 2025: €17,721
- Stocks and contracts +€1,250
new in 2025: €1,250
- Cash -€1,248
down €1,248 (-22.3%), from €5,607 to €4,359
mainly Current investments (-€17,721) and Net result for the year (-€12,776)
- Tangible fixed assets -€993
down €993 (-36.9%), from €2,691 to €1,698
- Other debts +€25,250
up €25,250 (+38.1%), from €66,355 to €91,605
- Profit (loss) carried forward -€12,776
down €12,776 (-14.1%), from -€90,627 to -€103,403
- Accrued charges and deferred income +€2,089
new in 2025: €2,089
- Trade debts +€1,857
up €1,857 (+26.0%), from €7,150 to €9,007
- Tax, wage and social debts +€340
up €340 (+3.2%), from €10,487 to €10,827
of which Remuneration and social security: +€2,853
- Other operating charges -€4,409
down €4,409 (-81.5%), from €5,409 to €1,000
- Staff costs -€4,036
down €4,036 (-19.9%), from €20,264 to €16,227
- Gross operating margin +€1,961
up €1,961 (+55.6%), from €3,523 to €5,484
- Financial charges -€1,135
down €1,135 (-96.6%), from €1,175 to €40
- Depreciation -€503
down €503 (-33.6%), from €1,496 to €993
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 | €13,817 | €30,577 | +€16,760 | +121% |
| Fixed assets | 21/28 | €7,736 | €6,743 | -€993 | -12.8% |
| Tangible fixed assets | 22/27 | €2,691 | €1,698 | -€993 | -36.9% |
| Furniture and vehicles | 24 | €2,691 | €1,698 | -€993 | -36.9% |
| Financial fixed assets | 28 | €5,045 | €5,045 | = | 0.0% |
| Current assets | 29/58 | €6,081 | €23,833 | +€17,752 | +292% |
| Stocks and contracts in progress | 3 | - | €1,250 | +€1,250 | |
| Stocks | 30/36 | - | €1,250 | +€1,250 | |
| Current investments | 50/53 | - | €17,721 | +€17,721 | |
| Cash at bank and in hand | 54/58 | €5,607 | €4,359 | -€1,248 | -22.3% |
| Deferred charges and accrued income | 490/1 | €474 | €503 | +€30 | +6.3% |
| Total equity and liabilities | 10/49 | €13,817 | €30,577 | +€16,760 | +121% |
| Equity | 10/15 | -€70,175 | -€82,951 | -€12,776 | -18.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,627 | -€103,403 | -€12,776 | -14.1% |
| Amounts payable | 17/49 | €83,992 | €113,528 | +€29,535 | +35.2% |
| Amounts payable within one year | 42/48 | €83,992 | €111,439 | +€27,447 | +32.7% |
| Trade debts | 44 | €7,150 | €9,007 | +€1,857 | +26.0% |
| Suppliers | 440/4 | €7,150 | €9,007 | +€1,857 | +26.0% |
| Taxes, remuneration and social security | 45 | €10,487 | €10,827 | +€340 | +3.2% |
| Taxes | 450/3 | €2,513 | - | -€2,513 | |
| Remuneration and social security | 454/9 | €7,973 | €10,827 | +€2,853 | +35.8% |
| Other amounts payable | 47/48 | €66,355 | €91,605 | +€25,250 | +38.1% |
| Accrued charges and deferred income | 492/3 | - | €2,089 | +€2,089 | |
| Remuneration, social security and pensions | 62 | €20,264 | €16,227 | -€4,036 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €993 | -€503 | -33.6% |
| Other operating charges | 640/8 | €5,409 | €1,000 | -€4,409 | -81.5% |
| Gross operating margin | 9900 | €3,523 | €5,484 | +€1,961 | +55.6% |
| Operating profit (loss) | 9901 | -€23,645 | -€12,736 | +€10,909 | +46.1% |
| Financial charges | 65/66B | €1,175 | €40 | -€1,135 | -96.6% |
| Recurring financial charges | 65 | €1,175 | €40 | -€1,135 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,820 | -€12,776 | +€12,044 | +48.5% |
| Profit (loss) for the period | 9904 | -€24,820 | -€12,776 | +€12,044 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,820 | -€12,776 | +€12,044 | +48.5% |
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 23 October 2026 via checked.be.