MARKPA: 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.
MARKPA
Largest movements
- Receivables within one year -€17,670
down €17,670 (-41.2%), from €42,876 to €25,206
of which Trade receivables: -€16,195
- Cash +€838
up €838 (+15.2%), from €5,508 to €6,346
mainly Receivables within one year (+€17,670) and Tax, wage and social debts (+€654)
- Financial fixed assets -€500
no longer reported in 2025 (was €500)
- Reserves -€17,985
down €17,985 (-82.3%), from €21,860 to €3,875
of which Distributable reserves: -€17,985
- Tax, wage and social debts +€654
up €654 (+11.6%), from €5,618 to €6,272
- Write-downs +€28,119
new in 2025: €28,119
- Taxes -€1,639
no longer reported in 2025 (was €1,639)
- Gross operating margin -€1,291
down €1,291 (-11.2%), from €11,573 to €10,282
- Other operating charges -€367
down €367 (-41.4%), from €887 to €520
- Financial income +€161
up €161 (+50.6%), from €318 to €478
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 | €48,884 | €31,552 | -€17,331 | -35.5% |
| Fixed assets | 21/28 | €500 | - | -€500 | |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €48,384 | €31,552 | -€16,831 | -34.8% |
| Amounts receivable within one year | 40/41 | €42,876 | €25,206 | -€17,670 | -41.2% |
| Trade receivables | 40 | €35,641 | €19,446 | -€16,195 | -45.4% |
| Other amounts receivable | 41 | €7,235 | €5,760 | -€1,475 | -20.4% |
| Cash at bank and in hand | 54/58 | €5,508 | €6,346 | +€838 | +15.2% |
| Total equity and liabilities | 10/49 | €48,884 | €31,552 | -€17,331 | -35.5% |
| Equity | 10/15 | €36,494 | €18,509 | -€17,986 | -49.3% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €21,860 | €3,875 | -€17,985 | -82.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €2,015 | -€17,985 | -89.9% |
| Profit (loss) carried forward | 14 | €934 | €934 | -€1 | -0.1% |
| Amounts payable | 17/49 | €12,389 | €13,044 | +€654 | +5.3% |
| Amounts payable within one year | 42/48 | €12,389 | €13,044 | +€654 | +5.3% |
| Advances received on contracts in progress | 46 | €6,772 | €6,772 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,618 | €6,272 | +€654 | +11.6% |
| Taxes | 450/3 | €5,618 | €6,272 | +€654 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,119 | +€28,119 | |
| Other operating charges | 640/8 | €887 | €520 | -€367 | -41.4% |
| Gross operating margin | 9900 | €11,573 | €10,282 | -€1,291 | -11.2% |
| Operating profit (loss) | 9901 | €10,686 | -€18,357 | -€29,043 | |
| Financial income | 75/76B | €318 | €478 | +€161 | +50.6% |
| Recurring financial income | 75 | €318 | €478 | +€161 | +50.6% |
| Financial charges | 65/66B | €177 | €107 | -€70 | -39.5% |
| Recurring financial charges | 65 | €177 | €107 | -€70 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €10,827 | -€17,986 | -€28,813 | |
| Income taxes | 67/77 | €1,639 | - | -€1,639 | |
| Profit (loss) for the period | 9904 | €9,188 | -€17,986 | -€27,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,188 | -€17,986 | -€27,174 |
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 7 October 2026 via checked.be.