MARKSON: 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.
MARKSON
Largest movements
- Cash +€16,885
up €16,885 (+125.0%), from €13,504 to €30,389
mainly Receivables within one year (+€7,929) and Trade debts (+€7,299)
- Receivables within one year -€7,929
down €7,929 (-43.7%), from €18,128 to €10,198
of which Trade receivables: -€10,195
- Tangible fixed assets -€1,848
down €1,848 (-24.4%), from €7,567 to €5,719
of which Other tangible fixed assets: -€2,376
- Accrued charges and deferred income -€7,400
down €7,400 (-96.1%), from €7,700 to €300
- Trade debts +€7,299
up €7,299 (+194.3%), from €3,757 to €11,056
- Other debts +€6,659
up €6,659 (+80.1%), from €8,313 to €14,972
- Tax, wage and social debts +€1,041
up €1,041 (+11.4%), from €9,165 to €10,207
of which Remuneration and social security: +€904
- Staff costs +€15,105
up €15,105 (+61.8%), from €24,437 to €39,542
- Gross operating margin +€10,046
up €10,046 (+22.0%), from €45,682 to €55,728
- Other operating charges +€3,174
up €3,174 (+44.1%), from €7,199 to €10,373
- Taxes -€1,883
down €1,883 (-52.0%), from €3,617 to €1,735
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 | €39,291 | €46,789 | +€7,497 | +19.1% |
| Fixed assets | 21/28 | €7,660 | €6,002 | -€1,658 | -21.6% |
| Intangible fixed assets | 21 | €93 | €83 | -€10 | -10.7% |
| Tangible fixed assets | 22/27 | €7,567 | €5,719 | -€1,848 | -24.4% |
| Plant, machinery and equipment | 23 | €2,193 | €1,236 | -€957 | -43.6% |
| Furniture and vehicles | 24 | - | €1,485 | +€1,485 | |
| Other tangible fixed assets | 26 | €5,374 | €2,998 | -€2,376 | -44.2% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €31,631 | €40,787 | +€9,155 | +28.9% |
| Amounts receivable within one year | 40/41 | €18,128 | €10,198 | -€7,929 | -43.7% |
| Trade receivables | 40 | €18,128 | €7,933 | -€10,195 | -56.2% |
| Other amounts receivable | 41 | - | €2,265 | +€2,265 | |
| Cash at bank and in hand | 54/58 | €13,504 | €30,389 | +€16,885 | +125.0% |
| Deferred charges and accrued income | 490/1 | - | €200 | +€200 | |
| Total equity and liabilities | 10/49 | €39,291 | €46,789 | +€7,497 | +19.1% |
| Equity | 10/15 | €10,355 | €10,254 | -€101 | -1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,355 | €9,254 | -€101 | -1.1% |
| Distributable reserves | 133 | €9,355 | €9,254 | -€101 | -1.1% |
| Amounts payable | 17/49 | €28,936 | €36,534 | +€7,599 | +26.3% |
| Amounts payable within one year | 42/48 | €21,236 | €36,234 | +€14,999 | +70.6% |
| Trade debts | 44 | €3,757 | €11,056 | +€7,299 | +194.3% |
| Suppliers | 440/4 | €3,757 | €11,056 | +€7,299 | +194.3% |
| Taxes, remuneration and social security | 45 | €9,165 | €10,207 | +€1,041 | +11.4% |
| Taxes | 450/3 | €6,705 | €6,842 | +€137 | +2.0% |
| Remuneration and social security | 454/9 | €2,460 | €3,365 | +€904 | +36.8% |
| Other amounts payable | 47/48 | €8,313 | €14,972 | +€6,659 | +80.1% |
| Accrued charges and deferred income | 492/3 | €7,700 | €300 | -€7,400 | -96.1% |
| Remuneration, social security and pensions | 62 | €24,437 | €39,542 | +€15,105 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €1,269 | +€298 | +30.6% |
| Other operating charges | 640/8 | €7,199 | €10,373 | +€3,174 | +44.1% |
| Non-recurring operating charges | 66A | - | €2,874 | +€2,874 | |
| Gross operating margin | 9900 | €45,682 | €55,728 | +€10,046 | +22.0% |
| Operating profit (loss) | 9901 | €13,074 | €1,670 | -€11,404 | -87.2% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €101 | €74 | -€27 | -26.9% |
| Recurring financial charges | 65 | €101 | €74 | -€27 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €12,973 | €1,633 | -€11,340 | -87.4% |
| Income taxes | 67/77 | €3,617 | €1,735 | -€1,883 | -52.0% |
| Profit (loss) for the period | 9904 | €9,355 | -€101 | -€9,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,355 | -€101 | -€9,457 |
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 12 October 2026 via checked.be.