Marklaan Advisory: 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.
Marklaan Advisory
Largest movements
- Receivables within one year +€750,340
up €750,340 (+349.4%), from €214,738 to €965,077
of which Trade receivables: +€780,514
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Deferred charges and accrued income +€117,666
up €117,666 (+191.0%), from €61,617 to €179,283
- Cash +€78,127
up €78,127 (+81.6%), from €95,720 to €173,847
mainly Trade debts (+€695,346) and Current investments (+€400,000)
- Trade debts +€695,346
up €695,346 (+199.8%), from €348,021 to €1.0m
- Reserves -€473,316
down €473,316 (-92.0%), from €514,402 to €41,085
- Other debts +€399,662
up €399,662 (+114071.8%), from €350 to €400,012
- Tax, wage and social debts -€77,565
down €77,565 (-67.1%), from €115,642 to €38,078
of which Remuneration and social security: -€46,575
- Gross operating margin -€412,559
down €412,559 (-45.2%), from €912,662 to €500,103
- Taxes -€105,986
down €105,986 (-70.2%), from €151,007 to €45,021
- Staff costs +€84,040
up €84,040 (+28.0%), from €300,244 to €384,284
- Depreciation +€27,434
up €27,434 (+114.4%), from €23,981 to €51,415
- Other operating charges -€17,378
down €17,378 (-95.6%), from €18,174 to €797
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 | €1,000,855 | €1,545,671 | +€544,816 | +54.4% |
| Fixed assets | 21/28 | €228,780 | €227,464 | -€1,316 | -0.6% |
| Tangible fixed assets | 22/27 | €170,657 | €160,622 | -€10,035 | -5.9% |
| Plant, machinery and equipment | 23 | €6,153 | €5,450 | -€702 | -11.4% |
| Furniture and vehicles | 24 | €101,942 | €95,854 | -€6,088 | -6.0% |
| Other tangible fixed assets | 26 | €62,562 | €59,318 | -€3,244 | -5.2% |
| Financial fixed assets | 28 | €58,123 | €66,842 | +€8,719 | +15.0% |
| Current assets | 29/58 | €772,075 | €1,318,207 | +€546,132 | +70.7% |
| Amounts receivable within one year | 40/41 | €214,738 | €965,077 | +€750,340 | +349.4% |
| Trade receivables | 40 | €119,428 | €899,942 | +€780,514 | +653.5% |
| Other amounts receivable | 41 | €95,310 | €65,136 | -€30,174 | -31.7% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €95,720 | €173,847 | +€78,127 | +81.6% |
| Deferred charges and accrued income | 490/1 | €61,617 | €179,283 | +€117,666 | +191.0% |
| Total equity and liabilities | 10/49 | €1,000,855 | €1,545,671 | +€544,816 | +54.4% |
| Equity | 10/15 | €515,602 | €42,285 | -€473,316 | -91.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €514,402 | €41,085 | -€473,316 | -92.0% |
| Distributable reserves | 133 | €514,402 | €41,085 | -€473,316 | -92.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €485,254 | €1,503,386 | +€1.0m | +209.8% |
| Amounts payable within one year | 42/48 | €485,254 | €1,498,089 | +€1.0m | +208.7% |
| Financial debts | 43 | €21,240 | €16,632 | -€4,609 | -21.7% |
| Credit institutions | 430/8 | €2,093 | €452 | -€1,641 | -78.4% |
| Other loans | 439 | €19,147 | €16,180 | -€2,967 | -15.5% |
| Trade debts | 44 | €348,021 | €1,043,367 | +€695,346 | +199.8% |
| Suppliers | 440/4 | €348,021 | €1,043,367 | +€695,346 | +199.8% |
| Taxes, remuneration and social security | 45 | €115,642 | €38,078 | -€77,565 | -67.1% |
| Taxes | 450/3 | €40,164 | €9,174 | -€30,989 | -77.2% |
| Remuneration and social security | 454/9 | €75,479 | €28,904 | -€46,575 | -61.7% |
| Other amounts payable | 47/48 | €350 | €400,012 | +€399,662 | +114071.8% |
| Accrued charges and deferred income | 492/3 | - | €5,297 | +€5,297 | |
| Remuneration, social security and pensions | 62 | €300,244 | €384,284 | +€84,040 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,981 | €51,415 | +€27,434 | +114.4% |
| Other operating charges | 640/8 | €18,174 | €797 | -€17,378 | -95.6% |
| Gross operating margin | 9900 | €912,662 | €500,103 | -€412,559 | -45.2% |
| Operating profit (loss) | 9901 | €570,263 | €63,608 | -€506,655 | -88.8% |
| Financial income | 75/76B | €5,017 | €12,321 | +€7,304 | +145.6% |
| Recurring financial income | 75 | €5,017 | €12,321 | +€7,304 | +145.6% |
| Financial charges | 65/66B | €3,566 | €4,224 | +€658 | +18.5% |
| Recurring financial charges | 65 | €3,566 | €4,224 | +€658 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €571,714 | €71,705 | -€500,009 | -87.5% |
| Income taxes | 67/77 | €151,007 | €45,021 | -€105,986 | -70.2% |
| Profit (loss) for the period | 9904 | €420,707 | €26,684 | -€394,023 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €420,707 | €26,684 | -€394,023 | -93.7% |
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 7 October 2026 via checked.be.