MARKOS: 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.
MARKOS
Largest movements
- Receivables within one year +€21,785
up €21,785 (+335.8%), from €6,488 to €28,273
of which Other amounts receivable: +€17,758
- Cash +€7,368
up €7,368 (+149.5%), from €4,927 to €12,295
mainly Net result for the year (+€29,686) and Depreciation (+€4,245)
- Tangible fixed assets -€4,244
down €4,244 (-85.7%), from €4,952 to €708
of which Furniture and vehicles: -€3,881
- Profit (loss) carried forward +€29,686
up €29,686 (+43.0%), from -€69,081 to -€39,395
- Trade debts -€4,407
down €4,407 (-70.9%), from €6,212 to €1,805
- Other debts -€1,221
no longer reported in 2025 (was €1,221)
- Tax, wage and social debts +€850
up €850 (+16.6%), from €5,132 to €5,982
- Gross operating margin +€16,055
up €16,055 (+81.1%), from €19,795 to €35,850
- Depreciation +€3,014
up €3,014 (+244.8%), from €1,231 to €4,245
- Taxes -€2,435
down €2,435 (-60.3%), from €4,036 to €1,601
- Financial charges -€1,166
down €1,166 (-78.6%), from €1,484 to €318
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 | €16,367 | €41,276 | +€24,909 | +152.2% |
| Fixed assets | 21/28 | €4,952 | €708 | -€4,244 | -85.7% |
| Tangible fixed assets | 22/27 | €4,952 | €708 | -€4,244 | -85.7% |
| Land and buildings | 22 | €1,071 | €708 | -€363 | -33.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €3,881 | €0 | -€3,881 | -100.0% |
| Current assets | 29/58 | €11,415 | €40,568 | +€29,153 | +255.4% |
| Amounts receivable within one year | 40/41 | €6,488 | €28,273 | +€21,785 | +335.8% |
| Trade receivables | 40 | €6,488 | €10,515 | +€4,027 | +62.1% |
| Other amounts receivable | 41 | - | €17,758 | +€17,758 | |
| Cash at bank and in hand | 54/58 | €4,927 | €12,295 | +€7,368 | +149.5% |
| Total equity and liabilities | 10/49 | €16,367 | €41,276 | +€24,909 | +152.2% |
| Equity | 10/15 | €3,787 | €33,473 | +€29,686 | +783.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €53,868 | €53,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,900 | €51,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,900 | €51,900 | = | 0.0% |
| Distributable reserves | 133 | €1,968 | €1,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,081 | -€39,395 | +€29,686 | +43.0% |
| Amounts payable | 17/49 | €12,580 | €7,803 | -€4,777 | -38.0% |
| Amounts payable within one year | 42/48 | €12,565 | €7,787 | -€4,778 | -38.0% |
| Trade debts | 44 | €6,212 | €1,805 | -€4,407 | -70.9% |
| Suppliers | 440/4 | €6,212 | €1,805 | -€4,407 | -70.9% |
| Taxes, remuneration and social security | 45 | €5,132 | €5,982 | +€850 | +16.6% |
| Taxes | 450/3 | €5,132 | €5,982 | +€850 | +16.6% |
| Other amounts payable | 47/48 | €1,221 | - | -€1,221 | |
| Accrued charges and deferred income | 492/3 | €15 | €16 | +€1 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €4,245 | +€3,014 | +244.8% |
| Gross operating margin | 9900 | €19,795 | €35,850 | +€16,055 | +81.1% |
| Operating profit (loss) | 9901 | €18,564 | €31,605 | +€13,041 | +70.2% |
| Financial charges | 65/66B | €1,484 | €318 | -€1,166 | -78.6% |
| Recurring financial charges | 65 | €1,484 | €318 | -€1,166 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €17,080 | €31,287 | +€14,207 | +83.2% |
| Income taxes | 67/77 | €4,036 | €1,601 | -€2,435 | -60.3% |
| Profit (loss) for the period | 9904 | €13,044 | €29,686 | +€16,642 | +127.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,044 | €29,686 | +€16,642 | +127.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.