MARKEY: what changed
Two fiscal 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.
MARKEY
Largest movements
- Cash +€18,868
up €18,868 (+57.7%), from €32,682 to €51,550
mainly Net result for the year (+€25,811) and Receivables within one year (+€12,353)
- Receivables within one year -€12,353
down €12,353 (-91.7%), from €13,476 to €1,123
- Tangible fixed assets -€9,179
down €9,179 (-16.1%), from €56,930 to €47,751
of which Land and buildings: -€6,812
- Other debts -€29,776
down €29,776 (-46.5%), from €64,094 to €34,318
- Reserves +€25,811
up €25,811 (+183.8%), from €14,045 to €39,856
- Tax, wage and social debts +€1,341
up €1,341 (+26.7%), from €5,023 to €6,364
- Gross operating margin +€53,138
up €53,138, from -€14,107 to €39,031
- Taxes +€2,607
up €2,607 (+4740.0%), from €55 to €2,662
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 | €103,088 | €100,424 | -€2,664 | -2.6% |
| Fixed assets | 21/28 | €56,930 | €47,751 | -€9,179 | -16.1% |
| Tangible fixed assets | 22/27 | €56,930 | €47,751 | -€9,179 | -16.1% |
| Land and buildings | 22 | €47,741 | €40,929 | -€6,812 | -14.3% |
| Plant, machinery and equipment | 23 | €8,134 | €5,831 | -€2,303 | -28.3% |
| Furniture and vehicles | 24 | €1,055 | €991 | -€64 | -6.1% |
| Current assets | 29/58 | €46,158 | €52,673 | +€6,515 | +14.1% |
| Amounts receivable within one year | 40/41 | €13,476 | €1,123 | -€12,353 | -91.7% |
| Trade receivables | 40 | €13,476 | €1,123 | -€12,353 | -91.7% |
| Cash at bank and in hand | 54/58 | €32,682 | €51,550 | +€18,868 | +57.7% |
| Total equity and liabilities | 10/49 | €103,088 | €100,424 | -€2,664 | -2.6% |
| Equity | 10/15 | €33,879 | €59,690 | +€25,811 | +76.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,045 | €39,856 | +€25,811 | +183.8% |
| Distributable reserves | 133 | €14,045 | €39,856 | +€25,811 | +183.8% |
| Profit (loss) carried forward | 14 | €1,242 | €1,242 | = | 0.0% |
| Amounts payable | 17/49 | €69,209 | €40,734 | -€28,475 | -41.1% |
| Amounts payable within one year | 42/48 | €69,209 | €40,734 | -€28,475 | -41.1% |
| Trade debts | 44 | €92 | €52 | -€40 | -43.5% |
| Suppliers | 440/4 | €92 | €52 | -€40 | -43.5% |
| Taxes, remuneration and social security | 45 | €5,023 | €6,364 | +€1,341 | +26.7% |
| Taxes | 450/3 | €5,023 | €6,364 | +€1,341 | +26.7% |
| Other amounts payable | 47/48 | €64,094 | €34,318 | -€29,776 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,953 | €9,179 | +€226 | +2.5% |
| Other operating charges | 640/8 | €1,940 | €1,594 | -€346 | -17.8% |
| Gross operating margin | 9900 | -€14,107 | €39,031 | +€53,138 | |
| Operating profit (loss) | 9901 | -€25,000 | €28,258 | +€53,258 | |
| Financial income | 75/76B | €238 | €270 | +€32 | +13.4% |
| Recurring financial income | 75 | €238 | €270 | +€32 | +13.4% |
| Financial charges | 65/66B | €85 | €55 | -€30 | -35.3% |
| Recurring financial charges | 65 | €85 | €55 | -€30 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,847 | €28,473 | +€53,320 | |
| Income taxes | 67/77 | €55 | €2,662 | +€2,607 | +4740.0% |
| Profit (loss) for the period | 9904 | -€24,902 | €25,811 | +€50,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,902 | €25,811 | +€50,713 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.