Markgravelei 95: 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.
Markgravelei 95
Largest movements
- Tangible fixed assets +€813,448
up €813,448 (+55.0%), from €1.5m to €2.3m
- Cash -€28,254
down €28,254 (-40.7%), from €69,460 to €41,206
mainly Trade debts (-€1.2m) and Investment in fixed assets (net) (-€813,448)
- Debts after one year +€1.9m
up €1.9m (+486%), from €385,455 to €2.3m
- Trade debts -€1.2m
down €1.2m (-95.4%), from €1.2m to €56,484
- Current portion of long-term debt +€58,751
new in 2025: €58,751
- Gross operating margin -€7,900
down €7,900 (-12.4%), from €63,696 to €55,796
- Financial charges -€7,830
down €7,830 (-13.8%), from €56,709 to €48,879
- Other operating charges +€1,921
up €1,921 (+106%), from €1,812 to €3,733
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 | €1,560,651 | €2,333,346 | +€772,694 | +49.5% |
| Fixed assets | 21/28 | €1,478,692 | €2,292,140 | +€813,448 | +55.0% |
| Tangible fixed assets | 22/27 | €1,478,692 | €2,292,140 | +€813,448 | +55.0% |
| Assets under construction and advance payments | 27 | €1,478,692 | €2,292,140 | +€813,448 | +55.0% |
| Current assets | 29/58 | €81,960 | €41,206 | -€40,754 | -49.7% |
| Amounts receivable within one year | 40/41 | €12,500 | - | -€12,500 | |
| Trade receivables | 40 | €12,500 | - | -€12,500 | |
| Cash at bank and in hand | 54/58 | €69,460 | €41,206 | -€28,254 | -40.7% |
| Total equity and liabilities | 10/49 | €1,560,651 | €2,333,346 | +€772,694 | +49.5% |
| Equity | 10/15 | -€46,221 | -€43,037 | +€3,184 | +6.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,221 | -€53,037 | +€3,184 | +5.7% |
| Amounts payable | 17/49 | €1,606,872 | €2,376,383 | +€769,510 | +47.9% |
| Amounts payable after more than one year | 17 | €385,455 | €2,257,197 | +€1.9m | +486% |
| Financial debts | 170/4 | €385,455 | €2,257,197 | +€1.9m | +486% |
| Amounts payable within one year | 42/48 | €1,221,417 | €119,186 | -€1.1m | -90.2% |
| Current portion of amounts payable after more than one year | 42 | - | €58,751 | +€58,751 | |
| Trade debts | 44 | €1,217,431 | €56,484 | -€1.2m | -95.4% |
| Suppliers | 440/4 | €1,217,431 | €56,484 | -€1.2m | -95.4% |
| Taxes, remuneration and social security | 45 | €3,986 | €3,950 | -€36 | -0.9% |
| Taxes | 450/3 | €3,986 | €3,950 | -€36 | -0.9% |
| Non-recurring operating income | 76A | €8,347 | - | -€8,347 | |
| Other operating charges | 640/8 | €1,812 | €3,733 | +€1,921 | +106% |
| Gross operating margin | 9900 | €63,696 | €55,796 | -€7,900 | -12.4% |
| Operating profit (loss) | 9901 | €61,884 | €52,063 | -€9,821 | -15.9% |
| Financial charges | 65/66B | €56,709 | €48,879 | -€7,830 | -13.8% |
| Recurring financial charges | 65 | €56,709 | €48,879 | -€7,830 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €5,175 | €3,184 | -€1,991 | -38.5% |
| Profit (loss) for the period | 9904 | €5,175 | €3,184 | -€1,991 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,175 | €3,184 | -€1,991 | -38.5% |
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 21 October 2026 via checked.be.