MARKSKI: 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.
MARKSKI
Largest movements
- Receivables within one year -€53,612
down €53,612 (-77.8%), from €68,886 to €15,274
of which Trade receivables: -€53,820
- Cash -€17,556
down €17,556 (-69.1%), from €25,426 to €7,869
mainly Other debts (-€144,923) and Net result for the year (-€86,721)
- Debts after one year +€198,500
up €198,500 (+32.9%), from €604,000 to €802,500
- Other debts -€144,923
down €144,923 (-59.3%), from €244,553 to €99,630
- Profit (loss) carried forward -€86,721
down €86,721 (-11.0%), from -€790,818 to -€877,539
- Trade debts -€29,941
down €29,941 (-22.0%), from €136,339 to €106,399
- Tax, wage and social debts -€10,182
down €10,182 (-27.2%), from €37,391 to €27,210
of which Remuneration and social security: -€9,252
- Gross operating margin -€45,764
down €45,764 (-73.9%), from €61,931 to €16,166
- Financial income -€1,997
down €1,997 (-99.9%), from €2,000 to €3
- Staff costs +€1,282
up €1,282 (+1.4%), from €89,327 to €90,609
- Financial charges -€639
down €639 (-5.6%), from €11,480 to €10,840
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 | €416,491 | €343,199 | -€73,292 | -17.6% |
| Fixed assets | 21/28 | €10,335 | €9,874 | -€461 | -4.5% |
| Tangible fixed assets | 22/27 | €2,210 | €1,749 | -€461 | -20.9% |
| Furniture and vehicles | 24 | €2,210 | €1,749 | -€461 | -20.9% |
| Financial fixed assets | 28 | €8,125 | €8,125 | = | 0.0% |
| Current assets | 29/58 | €406,155 | €333,325 | -€72,831 | -17.9% |
| Stocks and contracts in progress | 3 | €304,647 | €303,971 | -€676 | -0.2% |
| Stocks | 30/36 | €304,647 | €303,971 | -€676 | -0.2% |
| Amounts receivable within one year | 40/41 | €68,886 | €15,274 | -€53,612 | -77.8% |
| Trade receivables | 40 | €68,886 | €15,066 | -€53,820 | -78.1% |
| Other amounts receivable | 41 | - | €208 | +€208 | |
| Cash at bank and in hand | 54/58 | €25,426 | €7,869 | -€17,556 | -69.1% |
| Deferred charges and accrued income | 490/1 | €7,197 | €6,211 | -€986 | -13.7% |
| Total equity and liabilities | 10/49 | €416,491 | €343,199 | -€73,292 | -17.6% |
| Equity | 10/15 | -€765,818 | -€852,539 | -€86,721 | -11.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€790,818 | -€877,539 | -€86,721 | -11.0% |
| Amounts payable | 17/49 | €1,182,309 | €1,195,738 | +€13,429 | +1.1% |
| Amounts payable after more than one year | 17 | €604,000 | €802,500 | +€198,500 | +32.9% |
| Other amounts payable | 178/9 | €604,000 | €802,500 | +€198,500 | +32.9% |
| Amounts payable within one year | 42/48 | €578,284 | €393,238 | -€185,046 | -32.0% |
| Financial debts | 43 | €160,000 | €160,000 | = | 0.0% |
| Credit institutions | 430/8 | €160,000 | €160,000 | = | 0.0% |
| Trade debts | 44 | €136,339 | €106,399 | -€29,941 | -22.0% |
| Suppliers | 440/4 | €136,339 | €106,399 | -€29,941 | -22.0% |
| Taxes, remuneration and social security | 45 | €37,391 | €27,210 | -€10,182 | -27.2% |
| Taxes | 450/3 | €17,211 | €16,281 | -€929 | -5.4% |
| Remuneration and social security | 454/9 | €20,181 | €10,928 | -€9,252 | -45.8% |
| Other amounts payable | 47/48 | €244,553 | €99,630 | -€144,923 | -59.3% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100% |
| Remuneration, social security and pensions | 62 | €89,327 | €90,609 | +€1,282 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96 | €461 | +€365 | +382% |
| Other operating charges | 640/8 | €962 | €980 | +€18 | +1.9% |
| Gross operating margin | 9900 | €61,931 | €16,166 | -€45,764 | -73.9% |
| Operating profit (loss) | 9901 | -€28,455 | -€75,884 | -€47,430 | -167% |
| Financial income | 75/76B | €2,000 | €3 | -€1,997 | -99.9% |
| Recurring financial income | 75 | €2,000 | €3 | -€1,997 | -99.9% |
| Financial charges | 65/66B | €11,480 | €10,840 | -€639 | -5.6% |
| Recurring financial charges | 65 | €11,480 | €10,840 | -€639 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,934 | -€86,721 | -€48,788 | -129% |
| Profit (loss) for the period | 9904 | -€37,934 | -€86,721 | -€48,788 | -129% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,934 | -€86,721 | -€48,788 | -129% |
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 19 October 2026 via checked.be.