MARKIES MANAGEMENT: 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.
MARKIES MANAGEMENT
Largest movements
- Cash -€950,854
down €950,854 (-94.9%), from €1.0m to €51,338
mainly Contributions, distributions and other (-€1.6m) and Current investments (-€720,712)
- Current investments +€720,712
up €720,712 (+39.9%), from €1.8m to €2.5m
- Receivables within one year +€54,562
up €54,562 (+9.4%), from €582,680 to €637,242
of which Other amounts receivable: +€55,873
- Reserves -€1.0m
down €1.0m (-25.5%), from €4.1m to €3.1m
of which Distributable reserves: -€1.0m
- Other debts +€600,565
up €600,565 (+27611.2%), from €2,175 to €602,740
- Current portion of long-term debt +€249,902
up €249,902, from €0 to €249,902
- Financial income +€162,547
up €162,547 (+32.4%), from €502,155 to €664,702
- Gross operating margin -€71,732
down €71,732 (-55.1%), from €130,188 to €58,456
- Financial charges +€57,237
up €57,237 (+99.5%), from -€57,528 to -€292
- Taxes -€20,601
down €20,601 (-23.5%), from €87,627 to €67,025
- Depreciation -€1,315
down €1,315 (-2.5%), from €52,272 to €50,957
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 | €5,108,085 | €4,904,438 | -€203,647 | -4.0% |
| Fixed assets | 21/28 | €1,696,527 | €1,686,363 | -€10,164 | -0.6% |
| Tangible fixed assets | 22/27 | €811,570 | €801,406 | -€10,164 | -1.3% |
| Land and buildings | 22 | €746,541 | €717,311 | -€29,230 | -3.9% |
| Plant, machinery and equipment | 23 | €833 | €424 | -€409 | -49.1% |
| Furniture and vehicles | 24 | €47,955 | €71,490 | +€23,535 | +49.1% |
| Other tangible fixed assets | 26 | €16,242 | €12,182 | -€4,061 | -25.0% |
| Financial fixed assets | 28 | €884,957 | €884,957 | = | 0.0% |
| Current assets | 29/58 | €3,411,558 | €3,218,075 | -€193,483 | -5.7% |
| Amounts receivable within one year | 40/41 | €582,680 | €637,242 | +€54,562 | +9.4% |
| Trade receivables | 40 | €1,311 | €0 | -€1,311 | -100.0% |
| Other amounts receivable | 41 | €581,369 | €637,242 | +€55,873 | +9.6% |
| Current investments | 50/53 | €1,804,633 | €2,525,345 | +€720,712 | +39.9% |
| Cash at bank and in hand | 54/58 | €1,002,192 | €51,338 | -€950,854 | -94.9% |
| Deferred charges and accrued income | 490/1 | €22,052 | €4,150 | -€17,902 | -81.2% |
| Total equity and liabilities | 10/49 | €5,108,085 | €4,904,438 | -€203,647 | -4.0% |
| Equity | 10/15 | €5,050,782 | €4,000,962 | -€1.0m | -20.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,111,581 | €3,061,756 | -€1.0m | -25.5% |
| Tax-exempt reserves | 132 | €18,641 | €18,641 | = | 0.0% |
| Distributable reserves | 133 | €4,092,940 | €3,043,115 | -€1.0m | -25.6% |
| Profit (loss) carried forward | 14 | €914,201 | €914,206 | +€5 | 0.0% |
| Amounts payable | 17/49 | €57,303 | €903,476 | +€846,173 | +1476.7% |
| Amounts payable within one year | 42/48 | €57,303 | €903,345 | +€846,042 | +1476.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €249,902 | +€249,902 | |
| Financial debts | 43 | €1,328 | €967 | -€361 | -27.2% |
| Credit institutions | 430/8 | €1,328 | €967 | -€361 | -27.2% |
| Trade debts | 44 | €4,872 | €4,083 | -€788 | -16.2% |
| Suppliers | 440/4 | €4,872 | €4,083 | -€788 | -16.2% |
| Taxes, remuneration and social security | 45 | €48,929 | €45,653 | -€3,276 | -6.7% |
| Taxes | 450/3 | €48,929 | €45,653 | -€3,276 | -6.7% |
| Other amounts payable | 47/48 | €2,175 | €602,740 | +€600,565 | +27611.2% |
| Accrued charges and deferred income | 492/3 | €0 | €131 | +€131 | |
| Non-recurring operating income | 76A | €29,872 | €0 | -€29,872 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,272 | €50,957 | -€1,315 | -2.5% |
| Other operating charges | 640/8 | €10,839 | €9,818 | -€1,021 | -9.4% |
| Non-recurring operating charges | 66A | €6,976 | €0 | -€6,976 | -100.0% |
| Gross operating margin | 9900 | €130,188 | €58,456 | -€71,732 | -55.1% |
| Operating profit (loss) | 9901 | €60,101 | -€2,319 | -€62,420 | |
| Financial income | 75/76B | €502,155 | €664,702 | +€162,547 | +32.4% |
| Recurring financial income | 75 | €502,155 | €664,702 | +€162,547 | +32.4% |
| Financial charges | 65/66B | -€57,528 | -€292 | +€57,237 | +99.5% |
| Recurring financial charges | 65 | -€57,528 | -€292 | +€57,237 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €619,785 | €662,675 | +€42,890 | +6.9% |
| Income taxes | 67/77 | €87,627 | €67,025 | -€20,601 | -23.5% |
| Profit (loss) for the period | 9904 | €532,158 | €595,650 | +€63,492 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €532,158 | €595,650 | +€63,492 | +11.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.