MARKT 22: 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.
MARKT 22
Largest movements
- Receivables within one year +€12,319
up €12,319 (+10.5%), from €117,033 to €129,352
of which Other amounts receivable: +€7,084
- Cash -€7,930
down €7,930 (-64.2%), from €12,346 to €4,416
mainly Net result for the year (-€14,364) and Receivables within one year (-€12,319)
- Tangible fixed assets -€2,081
down €2,081 (-9.0%), from €23,064 to €20,983
of which Furniture and vehicles: -€4,762
- Deferred charges and accrued income +€1,724
up €1,724 (+39.1%), from €4,414 to €6,138
- Other debts +€22,755
up €22,755 (+30.3%), from €75,105 to €97,860
- Profit (loss) carried forward -€14,364
down €14,364 (-36.1%), from -€39,834 to -€54,198
- Tax, wage and social debts -€5,089
down €5,089 (-74.8%), from €6,802 to €1,713
- Financial income -€24,850
down €24,850 (-95.3%), from €26,076 to €1,226
- Depreciation +€3,989
up €3,989 (+272.4%), from €1,464 to €5,453
- Gross operating margin -€3,494
down €3,494 (-95.0%), from -€3,677 to -€7,171
- Other operating charges -€896
down €896 (-27.4%), from €3,268 to €2,372
- Taxes +€302
up €302 (+349.2%), from €87 to €389
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 | €156,857 | €160,890 | +€4,032 | +2.6% |
| Fixed assets | 21/28 | €23,064 | €20,983 | -€2,081 | -9.0% |
| Tangible fixed assets | 22/27 | €23,064 | €20,983 | -€2,081 | -9.0% |
| Plant, machinery and equipment | 23 | - | €3,040 | +€3,040 | |
| Furniture and vehicles | 24 | €22,706 | €17,944 | -€4,762 | -21.0% |
| Other tangible fixed assets | 26 | €358 | - | -€358 | |
| Current assets | 29/58 | €133,793 | €139,906 | +€6,113 | +4.6% |
| Amounts receivable within one year | 40/41 | €117,033 | €129,352 | +€12,319 | +10.5% |
| Trade receivables | 40 | €54,392 | €59,627 | +€5,235 | +9.6% |
| Other amounts receivable | 41 | €62,641 | €69,725 | +€7,084 | +11.3% |
| Cash at bank and in hand | 54/58 | €12,346 | €4,416 | -€7,930 | -64.2% |
| Deferred charges and accrued income | 490/1 | €4,414 | €6,138 | +€1,724 | +39.1% |
| Total equity and liabilities | 10/49 | €156,857 | €160,890 | +€4,032 | +2.6% |
| Equity | 10/15 | €72,758 | €58,394 | -€14,364 | -19.7% |
| Contributions | 10/11 | €112,592 | €112,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,834 | -€54,198 | -€14,364 | -36.1% |
| Amounts payable | 17/49 | €84,099 | €102,495 | +€18,397 | +21.9% |
| Amounts payable within one year | 42/48 | €84,099 | €102,495 | +€18,397 | +21.9% |
| Trade debts | 44 | €2,192 | €2,923 | +€731 | +33.4% |
| Suppliers | 440/4 | €2,192 | €2,923 | +€731 | +33.4% |
| Taxes, remuneration and social security | 45 | €6,802 | €1,713 | -€5,089 | -74.8% |
| Taxes | 450/3 | €6,802 | €1,713 | -€5,089 | -74.8% |
| Other amounts payable | 47/48 | €75,105 | €97,860 | +€22,755 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | €5,453 | +€3,989 | +272.4% |
| Other operating charges | 640/8 | €3,268 | €2,372 | -€896 | -27.4% |
| Gross operating margin | 9900 | -€3,677 | -€7,171 | -€3,494 | -95.0% |
| Operating profit (loss) | 9901 | -€8,409 | -€14,996 | -€6,587 | -78.3% |
| Financial income | 75/76B | €26,076 | €1,226 | -€24,850 | -95.3% |
| Recurring financial income | 75 | €26,076 | €1,226 | -€24,850 | -95.3% |
| Financial charges | 65/66B | €165 | €206 | +€40 | +24.4% |
| Recurring financial charges | 65 | €165 | €206 | +€40 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €17,502 | -€13,975 | -€31,477 | |
| Income taxes | 67/77 | €87 | €389 | +€302 | +349.2% |
| Profit (loss) for the period | 9904 | €17,415 | -€14,364 | -€31,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,415 | -€14,364 | -€31,779 |
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 29 September 2026 via checked.be.