MARKIMA: 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.
MARKIMA
Largest movements
- Receivables within one year -€12,492
down €12,492 (-9.6%), from €130,285 to €117,793
of which Trade receivables: -€13,183
- Deferred charges and accrued income -€4,721
down €4,721 (-32.3%), from €14,625 to €9,904
- Stocks and contracts -€3,250
down €3,250 (-90.8%), from €3,579 to €329
- Debts after one year -€16,857
down €16,857 (-88.4%), from €19,079 to €2,222
- Trade debts -€15,302
down €15,302 (-16.0%), from €95,839 to €80,538
- Profit (loss) carried forward +€14,488
up €14,488 (+28.9%), from -€50,109 to -€35,621
- Short-term financial debts +€12,768
up €12,768 (+56.4%), from €22,632 to €35,400
- Tax, wage and social debts -€9,106
down €9,106 (-25.7%), from €35,441 to €26,335
of which Remuneration and social security: -€6,151
- Gross operating margin -€15,668
down €15,668 (-12.6%), from €124,781 to €109,113
- Staff costs -€10,804
down €10,804 (-12.1%), from €89,030 to €78,226
- Depreciation -€4,667
down €4,667 (-49.4%), from €9,448 to €4,781
- Other operating charges -€2,610
down €2,610 (-30.9%), from €8,454 to €5,844
- Write-downs +€2,125
no longer reported in 2025 (was -€2,125)
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 | €310,258 | €296,572 | -€13,686 | -4.4% |
| Formation expenses | 20 | €2,589 | €2,589 | = | 0.0% |
| Fixed assets | 21/28 | €158,959 | €162,941 | +€3,983 | +2.5% |
| Intangible fixed assets | 21 | - | €2,782 | +€2,782 | |
| Tangible fixed assets | 22/27 | €155,966 | €157,167 | +€1,200 | +0.8% |
| Land and buildings | 22 | €148,324 | €146,048 | -€2,275 | -1.5% |
| Plant, machinery and equipment | 23 | €6,348 | €10,889 | +€4,541 | +71.5% |
| Furniture and vehicles | 24 | €1,294 | €229 | -€1,065 | -82.3% |
| Financial fixed assets | 28 | €2,992 | €2,992 | = | 0.0% |
| Current assets | 29/58 | €148,710 | €131,041 | -€17,669 | -11.9% |
| Stocks and contracts in progress | 3 | €3,579 | €329 | -€3,250 | -90.8% |
| Stocks | 30/36 | €3,579 | €329 | -€3,250 | -90.8% |
| Amounts receivable within one year | 40/41 | €130,285 | €117,793 | -€12,492 | -9.6% |
| Trade receivables | 40 | €129,950 | €116,766 | -€13,183 | -10.1% |
| Other amounts receivable | 41 | €335 | €1,026 | +€691 | +206.4% |
| Cash at bank and in hand | 54/58 | €221 | €3,015 | +€2,794 | +1263.3% |
| Deferred charges and accrued income | 490/1 | €14,625 | €9,904 | -€4,721 | -32.3% |
| Total equity and liabilities | 10/49 | €310,258 | €296,572 | -€13,686 | -4.4% |
| Equity | 10/15 | €93,354 | €107,842 | +€14,488 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €116,334 | €114,923 | -€1,411 | -1.2% |
| Reserves | 13 | €7,130 | €8,540 | +€1,411 | +19.8% |
| Distributable reserves | 133 | €7,130 | €8,540 | +€1,411 | +19.8% |
| Profit (loss) carried forward | 14 | -€50,109 | -€35,621 | +€14,488 | +28.9% |
| Amounts payable | 17/49 | €216,904 | €188,730 | -€28,174 | -13.0% |
| Amounts payable after more than one year | 17 | €19,079 | €2,222 | -€16,857 | -88.4% |
| Financial debts | 170/4 | €19,079 | €2,222 | -€16,857 | -88.4% |
| Amounts payable within one year | 42/48 | €197,677 | €186,507 | -€11,170 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €20,325 | €19,079 | -€1,246 | -6.1% |
| Financial debts | 43 | €22,632 | €35,400 | +€12,768 | +56.4% |
| Credit institutions | 430/8 | €22,632 | €35,400 | +€12,768 | +56.4% |
| Trade debts | 44 | €95,839 | €80,538 | -€15,302 | -16.0% |
| Suppliers | 440/4 | €95,839 | €80,538 | -€15,302 | -16.0% |
| Taxes, remuneration and social security | 45 | €35,441 | €26,335 | -€9,106 | -25.7% |
| Taxes | 450/3 | €14,130 | €11,175 | -€2,955 | -20.9% |
| Remuneration and social security | 454/9 | €21,311 | €15,160 | -€6,151 | -28.9% |
| Other amounts payable | 47/48 | €23,440 | €25,156 | +€1,715 | +7.3% |
| Accrued charges and deferred income | 492/3 | €147 | - | -€147 | |
| Non-recurring operating income | 76A | €10,744 | - | -€10,744 | |
| Remuneration, social security and pensions | 62 | €89,030 | €78,226 | -€10,804 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,448 | €4,781 | -€4,667 | -49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,125 | - | +€2,125 | |
| Other operating charges | 640/8 | €8,454 | €5,844 | -€2,610 | -30.9% |
| Gross operating margin | 9900 | €124,781 | €109,113 | -€15,668 | -12.6% |
| Operating profit (loss) | 9901 | €19,973 | €20,261 | +€288 | +1.4% |
| Financial income | 75/76B | €76 | €22 | -€55 | -71.8% |
| Recurring financial income | 75 | €76 | €22 | -€55 | -71.8% |
| Financial charges | 65/66B | €6,370 | €5,037 | -€1,333 | -20.9% |
| Recurring financial charges | 65 | €6,370 | €5,037 | -€1,333 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €13,680 | €15,246 | +€1,566 | +11.4% |
| Income taxes | 67/77 | €273 | €758 | +€485 | +178.0% |
| Profit (loss) for the period | 9904 | €13,408 | €14,488 | +€1,080 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,408 | €14,488 | +€1,080 | +8.1% |
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 9 October 2026 via checked.be.