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Markt 34: 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.

What changed

Markt 34

BE 0440.233.312
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,140
2024 · -€5,411+€7,551
Equity
€82,931
2024 · €80,790+€2,140
Cash
€6,495
2024 · €5,048+€1,447
Balance sheet total
€152,931
2024 · €155,790-€2,860

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€4,307

    down €4,307 (-2.9%), from €150,742 to €146,436

    of which Land and buildings: -€5,350

Equity and liabilities
  • Other debts -€5,000

    down €5,000 (-6.7%), from €75,000 to €70,000

  • Reserves +€2,140

    up €2,140 (+3.4%), from €62,240 to €64,381

Income statement
  • Depreciation -€8,489

    down €8,489 (-57.0%), from €14,899 to €6,410

  • Gross operating margin -€862

    down €862 (-6.8%), from €12,637 to €11,776

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€5,411
Gross operating margin -€862
Depreciation +€8,489
Other operating charges -€96
Financial charges +€20
Result 2025 €2,140

Cash bridge derived

cash 2024 to 2025

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.

From operations +€3,550
Investment -€2,103
Financing €0
Cash 2024 €5,048
Net result for the year +€2,140
Depreciation +€6,410
Other debts -€5,000
Investment in fixed assets (net) -€2,103
Cash 2025 €6,495
Every line side by side 25 lines
Line Code 2024 2025 Change %
Total assets 20/58 €155,790 €152,931 -€2,860 -1.8%
Fixed assets 21/28 €150,742 €146,436 -€4,307 -2.9%
Tangible fixed assets 22/27 €150,742 €146,436 -€4,307 -2.9%
Land and buildings 22 €149,331 €143,981 -€5,350 -3.6%
Plant, machinery and equipment 23 €1,411 €368 -€1,044 -73.9%
Furniture and vehicles 24 - €2,087 +€2,087
Current assets 29/58 €5,048 €6,495 +€1,447 +28.7%
Cash at bank and in hand 54/58 €5,048 €6,495 +€1,447 +28.7%
Total equity and liabilities 10/49 €155,790 €152,931 -€2,860 -1.8%
Equity 10/15 €80,790 €82,931 +€2,140 +2.6%
Contributions 10/11 €18,550 €18,550 = 0.0%
Reserves 13 €62,240 €64,381 +€2,140 +3.4%
Distributable reserves 133 €62,240 €64,381 +€2,140 +3.4%
Amounts payable 17/49 €75,000 €70,000 -€5,000 -6.7%
Amounts payable within one year 42/48 €75,000 €70,000 -€5,000 -6.7%
Other amounts payable 47/48 €75,000 €70,000 -€5,000 -6.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €14,899 €6,410 -€8,489 -57.0%
Other operating charges 640/8 €3,105 €3,201 +€96 +3.1%
Gross operating margin 9900 €12,637 €11,776 -€862 -6.8%
Operating profit (loss) 9901 -€5,367 €2,164 +€7,531
Financial charges 65/66B €44 €24 -€20 -45.5%
Recurring financial charges 65 €44 €24 -€20 -45.5%
Profit (loss) for the period before taxes 9903 -€5,411 €2,140 +€7,551
Profit (loss) for the period 9904 -€5,411 €2,140 +€7,551
Profit (loss) for the period to be appropriated 9905 -€5,411 €2,140 +€7,551

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 4 October 2026 via checked.be.