MARKETWING: 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.
MARKETWING
Largest movements
- Cash +€9,622
up €9,622 (+23.2%), from €41,405 to €51,027
mainly Net result for the year (+€7,817) and Tax, wage and social debts (+€3,096)
- Receivables within one year +€4,138
up €4,138 (+237%), from €1,748 to €5,886
of which Trade receivables: +€4,167
- Reserves +€7,817
up €7,817 (+25.9%), from €30,170 to €37,987
of which Tax-exempt reserves: +€7,817
- Tax, wage and social debts +€3,096
up €3,096 (+107%), from €2,899 to €5,994
- Trade debts +€1,588
up €1,588 (+115%), from €1,383 to €2,970
- Other debts +€874
up €874 (+28.9%), from €3,026 to €3,900
- Gross operating margin +€7,452
up €7,452 (+116%), from €6,429 to €13,882
- Taxes +€2,442
up €2,442 (+137%), from €1,783 to €4,225
- Other operating charges +€324
up €324 (+33.0%), from €984 to €1,309
- Depreciation -€171
down €171 (-35.4%), from €481 to €311
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 | €43,678 | €57,052 | +€13,374 | +30.6% |
| Fixed assets | 21/28 | €311 | €0 | -€311 | -100% |
| Intangible fixed assets | 21 | €311 | €0 | -€311 | -100% |
| Current assets | 29/58 | €43,367 | €57,052 | +€13,685 | +31.6% |
| Amounts receivable within one year | 40/41 | €1,748 | €5,886 | +€4,138 | +237% |
| Trade receivables | 40 | €1,003 | €5,170 | +€4,167 | +415% |
| Other amounts receivable | 41 | €745 | €716 | -€28 | -3.8% |
| Cash at bank and in hand | 54/58 | €41,405 | €51,027 | +€9,622 | +23.2% |
| Deferred charges and accrued income | 490/1 | €214 | €139 | -€75 | -35.0% |
| Total equity and liabilities | 10/49 | €43,678 | €57,052 | +€13,374 | +30.6% |
| Equity | 10/15 | €36,370 | €44,187 | +€7,817 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,170 | €37,987 | +€7,817 | +25.9% |
| Non-distributable reserves | 130/1 | €1,334 | €1,334 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,334 | €1,334 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €7,817 | +€7,817 | |
| Distributable reserves | 133 | €28,837 | €28,837 | = | 0.0% |
| Amounts payable | 17/49 | €7,307 | €12,865 | +€5,557 | +76.1% |
| Amounts payable within one year | 42/48 | €7,307 | €12,865 | +€5,557 | +76.1% |
| Trade debts | 44 | €1,383 | €2,970 | +€1,588 | +115% |
| Suppliers | 440/4 | €1,383 | €2,970 | +€1,588 | +115% |
| Taxes, remuneration and social security | 45 | €2,899 | €5,994 | +€3,096 | +107% |
| Taxes | 450/3 | €2,899 | €5,994 | +€3,096 | +107% |
| Other amounts payable | 47/48 | €3,026 | €3,900 | +€874 | +28.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €311 | -€171 | -35.4% |
| Other operating charges | 640/8 | €984 | €1,309 | +€324 | +33.0% |
| Gross operating margin | 9900 | €6,429 | €13,882 | +€7,452 | +116% |
| Operating profit (loss) | 9901 | €4,964 | €12,262 | +€7,299 | +147% |
| Financial income | 75/76B | €72 | €0 | -€72 | -100% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -100% |
| Financial charges | 65/66B | €205 | €220 | +€15 | +7.3% |
| Recurring financial charges | 65 | €205 | €220 | +€15 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €4,830 | €12,042 | +€7,211 | +149% |
| Income taxes | 67/77 | €1,783 | €4,225 | +€2,442 | +137% |
| Profit (loss) for the period | 9904 | €3,048 | €7,817 | +€4,769 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €3,048 | €7,817 | +€4,769 | +156% |
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 18 October 2026 via checked.be.