MARKNAT: 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.
MARKNAT
Largest movements
- Receivables within one year -€28,683
down €28,683 (-78.8%), from €36,381 to €7,697
of which Trade receivables: -€28,683
- Tangible fixed assets -€6,494
down €6,494 (-50.2%), from €12,929 to €6,435
- Cash +€5,631
up €5,631 (+36.8%), from €15,323 to €20,954
mainly Receivables within one year (+€28,683) and Depreciation (+€6,494)
- Other debts -€8,885
down €8,885 (-99.3%), from €8,952 to €67
- Tax, wage and social debts -€8,333
down €8,333 (-83.4%), from €9,989 to €1,656
of which Taxes: -€5,319
- Current portion of long-term debt -€8,043
down €8,043 (-85.7%), from €9,386 to €1,343
- Trade debts -€2,738
down €2,738 (-64.2%), from €4,264 to €1,526
- Profit (loss) carried forward -€2,049
down €2,049 (-8.1%), from €25,312 to €23,263
- Taxes +€3,325
up €3,325 (+915%), from €363 to €3,688
- Other operating charges -€2,712
down €2,712 (-85.4%), from €3,177 to €465
- Gross operating margin +€2,516
up €2,516 (+39.1%), from €6,437 to €8,952
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.
Derived cash bridge
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 | €65,962 | €35,916 | -€30,047 | -45.6% |
| Fixed assets | 21/28 | €12,929 | €6,435 | -€6,494 | -50.2% |
| Tangible fixed assets | 22/27 | €12,929 | €6,435 | -€6,494 | -50.2% |
| Furniture and vehicles | 24 | €12,929 | €6,435 | -€6,494 | -50.2% |
| Current assets | 29/58 | €53,033 | €29,481 | -€23,553 | -44.4% |
| Amounts receivable within one year | 40/41 | €36,381 | €7,697 | -€28,683 | -78.8% |
| Trade receivables | 40 | €36,356 | €7,672 | -€28,683 | -78.9% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,323 | €20,954 | +€5,631 | +36.8% |
| Deferred charges and accrued income | 490/1 | €1,330 | €830 | -€500 | -37.6% |
| Total equity and liabilities | 10/49 | €65,962 | €35,916 | -€30,047 | -45.6% |
| Equity | 10/15 | €33,372 | €31,323 | -€2,049 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,312 | €23,263 | -€2,049 | -8.1% |
| Amounts payable | 17/49 | €32,590 | €4,592 | -€27,998 | -85.9% |
| Amounts payable within one year | 42/48 | €32,590 | €4,592 | -€27,998 | -85.9% |
| Current portion of amounts payable after more than one year | 42 | €9,386 | €1,343 | -€8,043 | -85.7% |
| Trade debts | 44 | €4,264 | €1,526 | -€2,738 | -64.2% |
| Suppliers | 440/4 | €4,264 | €1,526 | -€2,738 | -64.2% |
| Taxes, remuneration and social security | 45 | €9,989 | €1,656 | -€8,333 | -83.4% |
| Taxes | 450/3 | €6,966 | €1,648 | -€5,319 | -76.3% |
| Remuneration and social security | 454/9 | €3,022 | €8 | -€3,014 | -99.7% |
| Other amounts payable | 47/48 | €8,952 | €67 | -€8,885 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,494 | €6,494 | = | 0.0% |
| Other operating charges | 640/8 | €3,177 | €465 | -€2,712 | -85.4% |
| Gross operating margin | 9900 | €6,437 | €8,952 | +€2,516 | +39.1% |
| Operating profit (loss) | 9901 | -€3,234 | €1,993 | +€5,228 | |
| Financial charges | 65/66B | €363 | €354 | -€10 | -2.7% |
| Recurring financial charges | 65 | €363 | €354 | -€10 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,598 | €1,640 | +€5,237 | |
| Income taxes | 67/77 | €363 | €3,688 | +€3,325 | +915% |
| Profit (loss) for the period | 9904 | -€3,961 | -€2,049 | +€1,912 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,961 | -€2,049 | +€1,912 | +48.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.