MARKLAND: what changed
MARKLAND
Largest movements
- Receivables within one year +€129,264
up €129,264 (+18.1%), from €715,596 to €844,860
of which Trade receivables: +€117,202
- Cash -€66,897
down €66,897 (-34.7%), from €192,690 to €125,793
mainly Receivables within one year (-€129,264) and Trade debts (-€90,614)
- Reserves +€196,129
up €196,129 (+56.1%), from €349,804 to €545,933
- Trade debts -€90,614
down €90,614 (-28.6%), from €317,216 to €226,602
- Tax, wage and social debts -€35,146
down €35,146 (-29.6%), from €118,746 to €83,600
of which Taxes: -€31,907
- Gross operating margin +€203,500
up €203,500 (+77.5%), from €262,483 to €465,983
- Staff costs +€52,128
up €52,128 (+47.2%), from €110,379 to €162,507
- Other operating charges +€33,732
up €33,732 (+508%), from €6,639 to €40,371
- Taxes +€29,649
up €29,649 (+94.2%), from €31,489 to €61,138
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €919,550 | €989,689 | +€70,139 | +7.6% |
| Fixed assets | 21/28 | €11,264 | €18,271 | +€7,007 | +62.2% |
| Tangible fixed assets | 22/27 | €11,264 | €18,271 | +€7,007 | +62.2% |
| Furniture and vehicles | 24 | €11,264 | €18,271 | +€7,007 | +62.2% |
| Current assets | 29/58 | €908,286 | €971,418 | +€63,132 | +7.0% |
| Amounts receivable within one year | 40/41 | €715,596 | €844,860 | +€129,264 | +18.1% |
| Trade receivables | 40 | €706,855 | €824,057 | +€117,202 | +16.6% |
| Other amounts receivable | 41 | €8,741 | €20,802 | +€12,062 | +138% |
| Cash at bank and in hand | 54/58 | €192,690 | €125,793 | -€66,897 | -34.7% |
| Deferred charges and accrued income | 490/1 | - | €766 | +€766 | |
| Total equity and liabilities | 10/49 | €919,550 | €989,689 | +€70,139 | +7.6% |
| Equity | 10/15 | €449,804 | €645,933 | +€196,129 | +43.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €349,804 | €545,933 | +€196,129 | +56.1% |
| Distributable reserves | 133 | €349,804 | €545,933 | +€196,129 | +56.1% |
| Amounts payable | 17/49 | €469,746 | €343,756 | -€125,990 | -26.8% |
| Amounts payable within one year | 42/48 | €469,746 | €343,756 | -€125,990 | -26.8% |
| Trade debts | 44 | €317,216 | €226,602 | -€90,614 | -28.6% |
| Suppliers | 440/4 | €317,216 | €226,602 | -€90,614 | -28.6% |
| Taxes, remuneration and social security | 45 | €118,746 | €83,600 | -€35,146 | -29.6% |
| Taxes | 450/3 | €93,046 | €61,138 | -€31,907 | -34.3% |
| Remuneration and social security | 454/9 | €25,700 | €22,462 | -€3,238 | -12.6% |
| Other amounts payable | 47/48 | €33,784 | €33,554 | -€230 | -0.7% |
| Remuneration, social security and pensions | 62 | €110,379 | €162,507 | +€52,128 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,449 | €5,535 | +€2,086 | +60.5% |
| Other operating charges | 640/8 | €6,639 | €40,371 | +€33,732 | +508% |
| Gross operating margin | 9900 | €262,483 | €465,983 | +€203,500 | +77.5% |
| Operating profit (loss) | 9901 | €142,016 | €257,570 | +€115,553 | +81.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €562 | €302 | -€260 | -46.2% |
| Recurring financial charges | 65 | €562 | €302 | -€260 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €141,455 | €257,267 | +€115,812 | +81.9% |
| Income taxes | 67/77 | €31,489 | €61,138 | +€29,649 | +94.2% |
| Profit (loss) for the period | 9904 | €109,966 | €196,129 | +€86,163 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,966 | €196,129 | +€86,163 | +78.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.