MARKIM: 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.
MARKIM
Largest movements
- Tangible fixed assets -€979,952
down €979,952 (-88.8%), from €1.1m to €123,331
- Receivables within one year +€410,919
up €410,919 (+410.9%), from €100,000 to €510,919
of which Other amounts receivable: +€310,919
- Other debts -€857,355
down €857,355 (-99.8%), from €859,107 to €1,752
- Profit (loss) carried forward +€342,930
up €342,930, from -€1,423 to €341,507
- Debts after one year -€171,913
down €171,913 (-64.1%), from €268,123 to €96,210
- Tax, wage and social debts +€92,773
up €92,773 (+1510.6%), from €6,141 to €98,914
- Gross operating margin +€328,460
up €328,460 (+247.8%), from €132,548 to €461,008
- Taxes +€86,631
up €86,631 (+1410.6%), from €6,141 to €92,773
- Depreciation -€44,680
down €44,680 (-100.0%), from €44,680 to €0
- Other operating charges +€14,617
up €14,617 (+592.5%), from €2,467 to €17,084
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 | €1,231,605 | €650,079 | -€581,526 | -47.2% |
| Fixed assets | 21/28 | €1,103,283 | €123,331 | -€979,952 | -88.8% |
| Tangible fixed assets | 22/27 | €1,103,283 | €123,331 | -€979,952 | -88.8% |
| Land and buildings | 22 | €1,103,283 | €123,331 | -€979,952 | -88.8% |
| Current assets | 29/58 | €128,323 | €526,749 | +€398,426 | +310.5% |
| Amounts receivable within one year | 40/41 | €100,000 | €510,919 | +€410,919 | +410.9% |
| Trade receivables | 40 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Other amounts receivable | 41 | - | €310,919 | +€310,919 | |
| Cash at bank and in hand | 54/58 | €24,323 | €15,829 | -€8,494 | -34.9% |
| Deferred charges and accrued income | 490/1 | €4,000 | €0 | -€4,000 | -100.0% |
| Total equity and liabilities | 10/49 | €1,231,605 | €650,079 | -€581,526 | -47.2% |
| Equity | 10/15 | €65,778 | €408,708 | +€342,930 | +521.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €5,700 | €5,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Legal reserve | 130 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,423 | €341,507 | +€342,930 | |
| Amounts payable | 17/49 | €1,165,828 | €241,371 | -€924,456 | -79.3% |
| Amounts payable after more than one year | 17 | €268,123 | €96,210 | -€171,913 | -64.1% |
| Financial debts | 170/4 | €268,123 | €96,210 | -€171,913 | -64.1% |
| Amounts payable within one year | 42/48 | €897,705 | €145,162 | -€752,543 | -83.8% |
| Current portion of amounts payable after more than one year | 42 | €21,495 | €22,917 | +€1,422 | +6.6% |
| Trade debts | 44 | €10,962 | €21,579 | +€10,617 | +96.8% |
| Suppliers | 440/4 | €10,962 | €21,579 | +€10,617 | +96.8% |
| Taxes, remuneration and social security | 45 | €6,141 | €98,914 | +€92,773 | +1510.6% |
| Taxes | 450/3 | €6,141 | €98,914 | +€92,773 | +1510.6% |
| Other amounts payable | 47/48 | €859,107 | €1,752 | -€857,355 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,680 | €0 | -€44,680 | -100.0% |
| Other operating charges | 640/8 | €2,467 | €17,084 | +€14,617 | +592.5% |
| Gross operating margin | 9900 | €132,548 | €461,008 | +€328,460 | +247.8% |
| Operating profit (loss) | 9901 | €85,400 | €443,924 | +€358,523 | +419.8% |
| Financial income | 75/76B | - | €363 | +€363 | |
| Recurring financial income | 75 | - | €363 | +€363 | |
| Financial charges | 65/66B | €6,000 | €8,584 | +€2,584 | +43.1% |
| Recurring financial charges | 65 | €6,000 | €8,584 | +€2,584 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €79,401 | €435,703 | +€356,302 | +448.7% |
| Income taxes | 67/77 | €6,141 | €92,773 | +€86,631 | +1410.6% |
| Profit (loss) for the period | 9904 | €73,259 | €342,930 | +€269,671 | +368.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,259 | €342,930 | +€269,671 | +368.1% |
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 29 September 2026 via checked.be.