Markova: 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.
Markova
Largest movements
- Cash +€52,901
up €52,901 (+69.4%), from €76,192 to €129,093
mainly Net result for the year (+€64,793) and Tax, wage and social debts (+€2,253)
- Receivables within one year +€13,988
up €13,988 (+318%), from €4,403 to €18,391
- Profit (loss) carried forward +€64,793
up €64,793 (+109%), from €59,360 to €124,153
- Tax, wage and social debts +€2,253
up €2,253 (+10.7%), from €20,978 to €23,231
- Gross operating margin +€6,137
up €6,137 (+8.2%), from €74,543 to €80,680
- Taxes +€1,217
up €1,217 (+7.9%), from €15,313 to €16,530
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.
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 | €80,595 | €147,484 | +€66,889 | +83.0% |
| Current assets | 29/58 | €80,595 | €147,484 | +€66,889 | +83.0% |
| Amounts receivable within one year | 40/41 | €4,403 | €18,391 | +€13,988 | +318% |
| Other amounts receivable | 41 | €4,403 | €18,391 | +€13,988 | +318% |
| Cash at bank and in hand | 54/58 | €76,192 | €129,093 | +€52,901 | +69.4% |
| Total equity and liabilities | 10/49 | €80,595 | €147,484 | +€66,889 | +83.0% |
| Equity | 10/15 | €59,460 | €124,253 | +€64,793 | +109% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,360 | €124,153 | +€64,793 | +109% |
| Amounts payable | 17/49 | €21,135 | €23,231 | +€2,096 | +9.9% |
| Amounts payable within one year | 42/48 | €21,135 | €23,231 | +€2,096 | +9.9% |
| Trade debts | 44 | €157 | - | -€157 | |
| Suppliers | 440/4 | €157 | - | -€157 | |
| Taxes, remuneration and social security | 45 | €20,978 | €23,231 | +€2,253 | +10.7% |
| Taxes | 450/3 | €20,978 | €23,231 | +€2,253 | +10.7% |
| Gross operating margin | 9900 | €74,543 | €80,680 | +€6,137 | +8.2% |
| Operating profit (loss) | 9901 | €74,543 | €80,680 | +€6,137 | +8.2% |
| Financial income | 75/76B | €177 | €828 | +€651 | +368% |
| Recurring financial income | 75 | €177 | €828 | +€651 | +368% |
| Financial charges | 65/66B | €47 | €185 | +€138 | +294% |
| Recurring financial charges | 65 | €47 | €185 | +€138 | +294% |
| Profit (loss) for the period before taxes | 9903 | €74,673 | €81,323 | +€6,650 | +8.9% |
| Income taxes | 67/77 | €15,313 | €16,530 | +€1,217 | +7.9% |
| Profit (loss) for the period | 9904 | €59,360 | €64,793 | +€5,433 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,360 | €64,793 | +€5,433 | +9.2% |
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 15 October 2026 via checked.be.