MARKGRAVE VASTGOED: 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.
MARKGRAVE VASTGOED
Largest movements
- Cash +€37,006
up €37,006 (+98.0%), from €37,777 to €74,783
mainly Net result for the year (+€36,969) and Depreciation (+€3,734)
- Tangible fixed assets -€3,734
down €3,734 (-36.1%), from €10,346 to €6,612
of which Land and buildings: -€2,000
- Reserves +€36,969
up €36,969 (+82.2%), from €44,949 to €81,919
- Tax, wage and social debts -€5,674
down €5,674 (-77.6%), from €7,307 to €1,634
- Gross operating margin +€15,179
up €15,179 (+37.3%), from €40,672 to €55,851
- Taxes +€6,326
up €6,326 (+86.6%), from €7,307 to €13,634
- Other operating charges -€2,764
down €2,764 (-64.6%), from €4,277 to €1,512
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 | €73,257 | €105,495 | +€32,238 | +44.0% |
| Fixed assets | 21/28 | €11,246 | €7,512 | -€3,734 | -33.2% |
| Tangible fixed assets | 22/27 | €10,346 | €6,612 | -€3,734 | -36.1% |
| Land and buildings | 22 | €8,333 | €6,333 | -€2,000 | -24.0% |
| Plant, machinery and equipment | 23 | €2,013 | €279 | -€1,734 | -86.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €62,011 | €97,983 | +€35,972 | +58.0% |
| Amounts receivable within one year | 40/41 | €24,233 | €23,199 | -€1,034 | -4.3% |
| Trade receivables | 40 | €1,271 | €16,313 | +€15,043 | +1,184% |
| Other amounts receivable | 41 | €22,963 | €6,886 | -€16,076 | -70.0% |
| Cash at bank and in hand | 54/58 | €37,777 | €74,783 | +€37,006 | +98.0% |
| Total equity and liabilities | 10/49 | €73,257 | €105,495 | +€32,238 | +44.0% |
| Equity | 10/15 | €63,549 | €100,519 | +€36,969 | +58.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,949 | €81,919 | +€36,969 | +82.2% |
| Distributable reserves | 133 | €44,949 | €81,919 | +€36,969 | +82.2% |
| Amounts payable | 17/49 | €9,707 | €4,976 | -€4,731 | -48.7% |
| Amounts payable within one year | 42/48 | €9,707 | €4,976 | -€4,731 | -48.7% |
| Trade debts | 44 | €562 | €1,505 | +€943 | +168% |
| Suppliers | 440/4 | €562 | €1,505 | +€943 | +168% |
| Taxes, remuneration and social security | 45 | €7,307 | €1,634 | -€5,674 | -77.6% |
| Taxes | 450/3 | €7,307 | €1,634 | -€5,674 | -77.6% |
| Other amounts payable | 47/48 | €1,837 | €1,837 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,734 | €3,734 | = | 0.0% |
| Other operating charges | 640/8 | €4,277 | €1,512 | -€2,764 | -64.6% |
| Gross operating margin | 9900 | €40,672 | €55,851 | +€15,179 | +37.3% |
| Operating profit (loss) | 9901 | €32,662 | €50,605 | +€17,943 | +54.9% |
| Financial income | 75/76B | €42 | €187 | +€145 | +343% |
| Recurring financial income | 75 | €42 | €187 | +€145 | +343% |
| Financial charges | 65/66B | €191 | €189 | -€2 | -0.8% |
| Recurring financial charges | 65 | €191 | €189 | -€2 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €32,513 | €50,603 | +€18,090 | +55.6% |
| Income taxes | 67/77 | €7,307 | €13,634 | +€6,326 | +86.6% |
| Profit (loss) for the period | 9904 | €25,206 | €36,969 | +€11,764 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,206 | €36,969 | +€11,764 | +46.7% |
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 17 October 2026 via checked.be.