MARKOSTYL: 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.
MARKOSTYL
Largest movements
- Tangible fixed assets -€29,925
down €29,925 (-8.9%), from €334,685 to €304,759
of which Land and buildings: -€20,885
- Cash -€23,104
down €23,104 (-55.0%), from €42,007 to €18,904
mainly Net result for the year (-€135,601) and Debts after one year (-€29,180)
- Stocks and contracts -€17,813
down €17,813 (-18.1%), from €98,258 to €80,445
- Receivables within one year -€12,069
down €12,069 (-12.1%), from €99,882 to €87,812
of which Other amounts receivable: -€15,125
- Profit (loss) carried forward -€135,601
down €135,601, from €73,928 to -€61,674
- Tax, wage and social debts +€85,685
up €85,685 (+1178.2%), from €7,273 to €92,958
of which Remuneration and social security: +€86,417
- Debts after one year -€29,180
down €29,180 (-11.5%), from €253,161 to €223,982
- Short-term financial debts +€28,512
up €28,512 (+142.6%), from €19,993 to €48,506
- Current portion of long-term debt -€10,953
down €10,953 (-27.3%), from €40,132 to €29,180
- Gross operating margin -€135,319
down €135,319 (-61.2%), from €221,218 to €85,899
- Provisions -€20,000
down €20,000, from €10,000 to -€10,000
- Staff costs +€12,172
up €12,172 (+39.4%), from €30,910 to €43,082
- Depreciation -€10,446
down €10,446 (-18.9%), from €55,219 to €44,773
- Financial charges +€10,045
up €10,045 (+87.5%), from €11,485 to €21,530
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 | €576,641 | €497,191 | -€79,450 | -13.8% |
| Fixed assets | 21/28 | €334,735 | €304,809 | -€29,925 | -8.9% |
| Tangible fixed assets | 22/27 | €334,685 | €304,759 | -€29,925 | -8.9% |
| Land and buildings | 22 | €286,514 | €265,629 | -€20,885 | -7.3% |
| Plant, machinery and equipment | 23 | €15,757 | €16,656 | +€898 | +5.7% |
| Furniture and vehicles | 24 | €32,413 | €22,475 | -€9,938 | -30.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €241,906 | €192,381 | -€49,525 | -20.5% |
| Stocks and contracts in progress | 3 | €98,258 | €80,445 | -€17,813 | -18.1% |
| Stocks | 30/36 | €98,258 | €80,445 | -€17,813 | -18.1% |
| Amounts receivable within one year | 40/41 | €99,882 | €87,812 | -€12,069 | -12.1% |
| Trade receivables | 40 | €76,514 | €79,569 | +€3,055 | +4.0% |
| Other amounts receivable | 41 | €23,368 | €8,243 | -€15,125 | -64.7% |
| Cash at bank and in hand | 54/58 | €42,007 | €18,904 | -€23,104 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,759 | €5,220 | +€3,461 | +196.8% |
| Total equity and liabilities | 10/49 | €576,641 | €497,191 | -€79,450 | -13.8% |
| Equity | 10/15 | €131,888 | -€3,714 | -€135,601 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,360 | €39,360 | = | 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% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,928 | -€61,674 | -€135,601 | |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Other liabilities and charges | 164/5 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €434,753 | €500,904 | +€66,151 | +15.2% |
| Amounts payable after more than one year | 17 | €253,161 | €223,982 | -€29,180 | -11.5% |
| Financial debts | 170/4 | €253,161 | €223,982 | -€29,180 | -11.5% |
| Amounts payable within one year | 42/48 | €181,592 | €276,923 | +€95,331 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €40,132 | €29,180 | -€10,953 | -27.3% |
| Financial debts | 43 | €19,993 | €48,506 | +€28,512 | +142.6% |
| Credit institutions | 430/8 | €19,993 | €48,506 | +€28,512 | +142.6% |
| Trade debts | 44 | €106,593 | €101,618 | -€4,975 | -4.7% |
| Suppliers | 440/4 | €106,593 | €101,618 | -€4,975 | -4.7% |
| Taxes, remuneration and social security | 45 | €7,273 | €92,958 | +€85,685 | +1178.2% |
| Taxes | 450/3 | €4,256 | €3,525 | -€731 | -17.2% |
| Remuneration and social security | 454/9 | €3,016 | €89,433 | +€86,417 | +2864.9% |
| Other amounts payable | 47/48 | €7,600 | €4,661 | -€2,939 | -38.7% |
| Non-recurring operating income | 76A | €16,731 | - | -€16,731 | |
| Remuneration, social security and pensions | 62 | €30,910 | €43,082 | +€12,172 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,219 | €44,773 | -€10,446 | -18.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | -€10,000 | -€20,000 | |
| Other operating charges | 640/8 | €6,110 | €14,397 | +€8,287 | +135.6% |
| Non-recurring operating charges | 66A | - | €107,559 | +€107,559 | |
| Gross operating margin | 9900 | €221,218 | €85,899 | -€135,319 | -61.2% |
| Operating profit (loss) | 9901 | €118,979 | -€113,913 | -€232,892 | |
| Financial income | 75/76B | €57 | €51 | -€6 | -11.2% |
| Recurring financial income | 75 | €57 | €51 | -€6 | -11.2% |
| Financial charges | 65/66B | €11,485 | €21,530 | +€10,045 | +87.5% |
| Recurring financial charges | 65 | €11,485 | €21,530 | +€10,045 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €107,551 | -€135,392 | -€242,943 | |
| Income taxes | 67/77 | €231 | €209 | -€22 | -9.5% |
| Profit (loss) for the period | 9904 | €107,320 | -€135,601 | -€242,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,320 | -€135,601 | -€242,921 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.