MARKI: 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.
MARKI
Largest movements
- Financial fixed assets +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Tangible fixed assets -€4,729
down €4,729 (-36.6%), from €12,915 to €8,186
of which Furniture and vehicles: -€4,282
- Receivables within one year -€3,320
down €3,320 (-25.1%), from €13,236 to €9,916
of which Other amounts receivable: -€3,898
- Cash -€2,429
down €2,429 (-24.1%), from €10,074 to €7,645
mainly Trade debts (-€7,154) and Investment in fixed assets (net) (-€5,320)
- Deferred charges and accrued income -€1,215
no longer reported in 2025 (was €1,215)
- Trade debts -€7,154
down €7,154 (-83.0%), from €8,619 to €1,465
- Other debts -€3,555
down €3,555 (-23.6%), from €15,087 to €11,532
- Profit (loss) carried forward +€2,675
up €2,675 (+15.7%), from €17,011 to €19,686
- Tax, wage and social debts +€1,342
up €1,342 (+185.6%), from €723 to €2,065
- Gross operating margin -€7,293
down €7,293 (-31.6%), from €23,112 to €15,819
- Depreciation +€3,474
up €3,474 (+220.6%), from €1,575 to €5,049
- Other operating charges +€2,951
up €2,951 (+266.1%), from €1,109 to €4,059
- Financial charges +€1,526
up €1,526 (+166.9%), from €914 to €2,441
- Taxes +€619
up €619 (+85.6%), from €723 to €1,342
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 | €46,439 | €39,747 | -€6,692 | -14.4% |
| Fixed assets | 21/28 | €21,915 | €22,186 | +€271 | +1.2% |
| Tangible fixed assets | 22/27 | €12,915 | €8,186 | -€4,729 | -36.6% |
| Plant, machinery and equipment | 23 | €1,321 | €874 | -€446 | -33.8% |
| Furniture and vehicles | 24 | €11,594 | €7,312 | -€4,282 | -36.9% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €24,525 | €17,561 | -€6,964 | -28.4% |
| Amounts receivable within one year | 40/41 | €13,236 | €9,916 | -€3,320 | -25.1% |
| Trade receivables | 40 | €9,339 | €9,916 | +€578 | +6.2% |
| Other amounts receivable | 41 | €3,898 | - | -€3,898 | |
| Cash at bank and in hand | 54/58 | €10,074 | €7,645 | -€2,429 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,215 | - | -€1,215 | |
| Total equity and liabilities | 10/49 | €46,439 | €39,747 | -€6,692 | -14.4% |
| Equity | 10/15 | €22,011 | €24,686 | +€2,675 | +12.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,011 | €19,686 | +€2,675 | +15.7% |
| Amounts payable | 17/49 | €24,428 | €15,061 | -€9,367 | -38.3% |
| Amounts payable within one year | 42/48 | €24,428 | €15,061 | -€9,367 | -38.3% |
| Trade debts | 44 | €8,619 | €1,465 | -€7,154 | -83.0% |
| Suppliers | 440/4 | €8,619 | €1,465 | -€7,154 | -83.0% |
| Taxes, remuneration and social security | 45 | €723 | €2,065 | +€1,342 | +185.6% |
| Taxes | 450/3 | €723 | €2,065 | +€1,342 | +185.6% |
| Other amounts payable | 47/48 | €15,087 | €11,532 | -€3,555 | -23.6% |
| Remuneration, social security and pensions | 62 | €244 | €254 | +€10 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,575 | €5,049 | +€3,474 | +220.6% |
| Other operating charges | 640/8 | €1,109 | €4,059 | +€2,951 | +266.1% |
| Gross operating margin | 9900 | €23,112 | €15,819 | -€7,293 | -31.6% |
| Operating profit (loss) | 9901 | €20,184 | €6,457 | -€13,726 | -68.0% |
| Financial charges | 65/66B | €914 | €2,441 | +€1,526 | +166.9% |
| Recurring financial charges | 65 | €914 | €2,441 | +€1,526 | +166.9% |
| Profit (loss) for the period before taxes | 9903 | €19,270 | €4,017 | -€15,253 | -79.2% |
| Income taxes | 67/77 | €723 | €1,342 | +€619 | +85.6% |
| Profit (loss) for the period | 9904 | €18,546 | €2,675 | -€15,871 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,546 | €2,675 | -€15,871 | -85.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.