MARKING: 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.
MARKING
Largest movements
- Cash +€84,553
up €84,553 (+107.9%), from €78,395 to €162,948
mainly Net result for the year (+€86,282) and Tax, wage and social debts (+€14,330)
- Receivables within one year -€8,432
down €8,432 (-19.7%), from €42,753 to €34,321
of which Other amounts receivable: -€8,888
- Reserves +€86,282
new in 2025: €86,282
- Debts after one year -€23,863
down €23,863 (-5.9%), from €406,983 to €383,120
- Tax, wage and social debts +€14,330
new in 2025: €14,330
- Depreciation -€54,274
down €54,274 (-100.0%), from €54,285 to €11
- Gross operating margin +€26,116
up €26,116 (+22.5%), from €115,860 to €141,976
- Taxes +€25,131
up €25,131 (+288.5%), from €8,711 to €33,842
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 | €571,148 | €649,480 | +€78,332 | +13.7% |
| Fixed assets | 21/28 | €450,000 | €452,211 | +€2,211 | +0.5% |
| Tangible fixed assets | 22/27 | €450,000 | €452,211 | +€2,211 | +0.5% |
| Land and buildings | 22 | €450,000 | €452,211 | +€2,211 | +0.5% |
| Current assets | 29/58 | €121,148 | €197,269 | +€76,121 | +62.8% |
| Amounts receivable within one year | 40/41 | €42,753 | €34,321 | -€8,432 | -19.7% |
| Trade receivables | 40 | €13,265 | €13,721 | +€456 | +3.4% |
| Other amounts receivable | 41 | €29,488 | €20,600 | -€8,888 | -30.1% |
| Cash at bank and in hand | 54/58 | €78,395 | €162,948 | +€84,553 | +107.9% |
| Total equity and liabilities | 10/49 | €571,148 | €649,480 | +€78,332 | +13.7% |
| Equity | 10/15 | €136,131 | €222,413 | +€86,282 | +63.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €86,282 | +€86,282 | |
| Distributable reserves | 133 | - | €86,282 | +€86,282 | |
| Profit (loss) carried forward | 14 | €135,631 | €135,631 | = | 0.0% |
| Amounts payable | 17/49 | €435,017 | €427,067 | -€7,950 | -1.8% |
| Amounts payable after more than one year | 17 | €406,983 | €383,120 | -€23,863 | -5.9% |
| Financial debts | 170/4 | €406,983 | €383,120 | -€23,863 | -5.9% |
| Amounts payable within one year | 42/48 | €28,034 | €43,947 | +€15,913 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €22,885 | €23,863 | +€978 | +4.3% |
| Trade debts | 44 | €2,299 | €2,904 | +€605 | +26.3% |
| Suppliers | 440/4 | €2,299 | €2,904 | +€605 | +26.3% |
| Taxes, remuneration and social security | 45 | - | €14,330 | +€14,330 | |
| Taxes | 450/3 | - | €14,330 | +€14,330 | |
| Other amounts payable | 47/48 | €2,850 | €2,850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,285 | €11 | -€54,274 | -100.0% |
| Other operating charges | 640/8 | €4,182 | €4,170 | -€12 | -0.3% |
| Gross operating margin | 9900 | €115,860 | €141,976 | +€26,116 | +22.5% |
| Operating profit (loss) | 9901 | €57,393 | €137,795 | +€80,402 | +140.1% |
| Financial income | 75/76B | €251 | €562 | +€311 | +123.9% |
| Recurring financial income | 75 | €251 | €562 | +€311 | +123.9% |
| Financial charges | 65/66B | €18,815 | €18,233 | -€582 | -3.1% |
| Recurring financial charges | 65 | €18,815 | €18,233 | -€582 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €38,829 | €120,124 | +€81,295 | +209.4% |
| Income taxes | 67/77 | €8,711 | €33,842 | +€25,131 | +288.5% |
| Profit (loss) for the period | 9904 | €30,118 | €86,282 | +€56,164 | +186.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,118 | €86,282 | +€56,164 | +186.5% |
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 11 October 2026 via checked.be.