Markise: 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.
Markise
Largest movements
- Stocks and contracts -€3,421
down €3,421 (-28.7%), from €11,942 to €8,520
- Deferred charges and accrued income -€1,648
no longer reported in 2025 (was €1,648)
- Tangible fixed assets -€1,518
down €1,518 (-22.6%), from €6,702 to €5,184
of which Land and buildings: -€839
- Cash +€305
up €305 (+66.8%), from €456 to €761
mainly Stocks and contracts (+€3,421) and Deferred charges and accrued income (+€1,648)
- Profit (loss) carried forward -€4,538
down €4,538 (-14.0%), from -€32,502 to -€37,040
- Trade debts -€1,944
down €1,944 (-27.2%), from €7,144 to €5,200
- Current portion of long-term debt -€1,380
down €1,380 (-52.4%), from €2,634 to €1,254
- Other debts +€723
up €723 (+3.6%), from €19,823 to €20,546
- Short-term financial debts +€505
up €505 (+13.6%), from €3,701 to €4,206
- Gross operating margin -€2,153
down €2,153 (-2394.5%), from -€90 to -€2,243
- Other operating charges -€580
down €580 (-62.3%), from €930 to €350
- Depreciation -€398
down €398 (-20.8%), from €1,916 to €1,518
- Financial income -€283
down €283 (-60.0%), from €471 to €188
- Financial charges -€255
down €255 (-29.3%), from €871 to €615
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 | €20,748 | €14,465 | -€6,283 | -30.3% |
| Fixed assets | 21/28 | €6,702 | €5,184 | -€1,518 | -22.6% |
| Tangible fixed assets | 22/27 | €6,702 | €5,184 | -€1,518 | -22.6% |
| Land and buildings | 22 | €4,196 | €3,357 | -€839 | -20.0% |
| Plant, machinery and equipment | 23 | €1,832 | €1,320 | -€513 | -28.0% |
| Furniture and vehicles | 24 | €674 | €508 | -€166 | -24.6% |
| Current assets | 29/58 | €14,046 | €9,281 | -€4,765 | -33.9% |
| Stocks and contracts in progress | 3 | €11,942 | €8,520 | -€3,421 | -28.7% |
| Stocks | 30/36 | €11,942 | €8,520 | -€3,421 | -28.7% |
| Cash at bank and in hand | 54/58 | €456 | €761 | +€305 | +66.8% |
| Deferred charges and accrued income | 490/1 | €1,648 | - | -€1,648 | |
| Total equity and liabilities | 10/49 | €20,748 | €14,465 | -€6,283 | -30.3% |
| Equity | 10/15 | -€13,902 | -€18,440 | -€4,538 | -32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,502 | -€37,040 | -€4,538 | -14.0% |
| Amounts payable | 17/49 | €34,650 | €32,906 | -€1,745 | -5.0% |
| Amounts payable within one year | 42/48 | €34,650 | €32,906 | -€1,745 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €2,634 | €1,254 | -€1,380 | -52.4% |
| Financial debts | 43 | €3,701 | €4,206 | +€505 | +13.6% |
| Credit institutions | 430/8 | €3,701 | €4,206 | +€505 | +13.6% |
| Trade debts | 44 | €7,144 | €5,200 | -€1,944 | -27.2% |
| Suppliers | 440/4 | €7,144 | €5,200 | -€1,944 | -27.2% |
| Taxes, remuneration and social security | 45 | €1,348 | €1,699 | +€351 | +26.0% |
| Taxes | 450/3 | €1,348 | €1,699 | +€351 | +26.0% |
| Other amounts payable | 47/48 | €19,823 | €20,546 | +€723 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,916 | €1,518 | -€398 | -20.8% |
| Other operating charges | 640/8 | €930 | €350 | -€580 | -62.3% |
| Gross operating margin | 9900 | -€90 | -€2,243 | -€2,153 | -2394.5% |
| Operating profit (loss) | 9901 | -€2,935 | -€4,111 | -€1,176 | -40.1% |
| Financial income | 75/76B | €471 | €188 | -€283 | -60.0% |
| Recurring financial income | 75 | €471 | €188 | -€283 | -60.0% |
| Financial charges | 65/66B | €871 | €615 | -€255 | -29.3% |
| Recurring financial charges | 65 | €871 | €615 | -€255 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,335 | -€4,538 | -€1,203 | -36.1% |
| Profit (loss) for the period | 9904 | -€3,335 | -€4,538 | -€1,203 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,335 | -€4,538 | -€1,203 | -36.1% |
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 11 October 2026 via checked.be.