MARKO CONSULT: 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.
MARKO CONSULT
Largest movements
- Receivables within one year -€42,347
down €42,347 (-45.6%), from €92,892 to €50,544
of which Trade receivables: -€42,412
- Cash +€40,938
up €40,938 (+148.3%), from €27,598 to €68,535
mainly Receivables within one year (+€42,347) and Depreciation (+€2,132)
- Tangible fixed assets -€1,628
down €1,628 (-48.9%), from €3,326 to €1,698
- Trade debts -€3,259
down €3,259 (-61.7%), from €5,285 to €2,026
- Tax, wage and social debts +€1,450
up €1,450 (+14.3%), from €10,108 to €11,558
of which Taxes: +€1,426
- Financial charges +€34,194
up €34,194 (+1141.8%), from €2,995 to €37,188
- Gross operating margin -€17,753
down €17,753 (-29.6%), from €59,931 to €42,178
- Taxes -€11,830
down €11,830 (-91.5%), from €12,931 to €1,101
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 | €125,389 | €123,512 | -€1,878 | -1.5% |
| Fixed assets | 21/28 | €3,326 | €1,698 | -€1,628 | -48.9% |
| Tangible fixed assets | 22/27 | €3,326 | €1,698 | -€1,628 | -48.9% |
| Furniture and vehicles | 24 | €3,326 | €1,698 | -€1,628 | -48.9% |
| Current assets | 29/58 | €122,064 | €121,814 | -€250 | -0.2% |
| Amounts receivable within one year | 40/41 | €92,892 | €50,544 | -€42,347 | -45.6% |
| Trade receivables | 40 | €54,564 | €12,151 | -€42,412 | -77.7% |
| Other amounts receivable | 41 | €38,328 | €38,393 | +€65 | +0.2% |
| Cash at bank and in hand | 54/58 | €27,598 | €68,535 | +€40,938 | +148.3% |
| Deferred charges and accrued income | 490/1 | €1,575 | €2,734 | +€1,160 | +73.6% |
| Total equity and liabilities | 10/49 | €125,389 | €123,512 | -€1,878 | -1.5% |
| Equity | 10/15 | €107,367 | €108,279 | +€911 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,000 | €105,000 | +€1,000 | +1.0% |
| Distributable reserves | 133 | €104,000 | €105,000 | +€1,000 | +1.0% |
| Profit (loss) carried forward | 14 | €367 | €279 | -€89 | -24.1% |
| Amounts payable | 17/49 | €18,022 | €15,233 | -€2,789 | -15.5% |
| Amounts payable within one year | 42/48 | €18,001 | €15,212 | -€2,790 | -15.5% |
| Financial debts | 43 | - | €178 | +€178 | |
| Credit institutions | 430/8 | - | €178 | +€178 | |
| Trade debts | 44 | €5,285 | €2,026 | -€3,259 | -61.7% |
| Suppliers | 440/4 | €5,285 | €2,026 | -€3,259 | -61.7% |
| Taxes, remuneration and social security | 45 | €10,108 | €11,558 | +€1,450 | +14.3% |
| Taxes | 450/3 | €10,108 | €11,534 | +€1,426 | +14.1% |
| Remuneration and social security | 454/9 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €2,609 | €1,450 | -€1,159 | -44.4% |
| Accrued charges and deferred income | 492/3 | €21 | €21 | +€1 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,918 | €2,132 | +€214 | +11.2% |
| Other operating charges | 640/8 | €402 | €867 | +€465 | +115.6% |
| Gross operating margin | 9900 | €59,931 | €42,178 | -€17,753 | -29.6% |
| Operating profit (loss) | 9901 | €57,612 | €39,179 | -€18,432 | -32.0% |
| Financial income | 75/76B | €2 | €22 | +€19 | +800.4% |
| Recurring financial income | 75 | €2 | €22 | +€19 | +800.4% |
| Financial charges | 65/66B | €2,995 | €37,188 | +€34,194 | +1141.8% |
| Recurring financial charges | 65 | €2,995 | €37,188 | +€34,194 | +1141.8% |
| Profit (loss) for the period before taxes | 9903 | €54,619 | €2,013 | -€52,607 | -96.3% |
| Income taxes | 67/77 | €12,931 | €1,101 | -€11,830 | -91.5% |
| Profit (loss) for the period | 9904 | €41,688 | €911 | -€40,777 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,688 | €911 | -€40,777 | -97.8% |
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 2 October 2026 via checked.be.