MARKT 5: 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 5
Largest movements
- Cash +€71,373
up €71,373 (+154.6%), from €46,160 to €117,533
mainly Net result for the year (+€104,435) and Depreciation (+€76,741)
- Receivables within one year +€21,800
up €21,800 (+6914.5%), from €315 to €22,115
- Reserves +€75,000
up €75,000 (+300.0%), from €25,000 to €100,000
- Profit (loss) carried forward +€26,115
up €26,115 (+107.5%), from €24,301 to €50,416
- Tax, wage and social debts +€18,279
up €18,279 (+72.1%), from €25,347 to €43,626
of which Remuneration and social security: +€10,735
- Other debts -€14,832
down €14,832 (-81.7%), from €18,152 to €3,320
- Current portion of long-term debt +€14,663
up €14,663 (+24.5%), from €59,914 to €74,578
- Gross operating margin +€36,328
up €36,328 (+9.2%), from €395,464 to €431,792
- Staff costs -€19,632
down €19,632 (-8.3%), from €237,773 to €218,141
- Taxes +€13,264
new in 2025: €13,264
- Financial charges -€10,224
down €10,224 (-37.0%), from €27,651 to €17,428
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 | €645,416 | €739,890 | +€94,473 | +14.6% |
| Fixed assets | 21/28 | €583,430 | €583,913 | +€483 | +0.1% |
| Tangible fixed assets | 22/27 | €583,430 | €583,913 | +€483 | +0.1% |
| Plant, machinery and equipment | 23 | €576,187 | €523,438 | -€52,749 | -9.2% |
| Furniture and vehicles | 24 | €7,243 | €60,476 | +€53,233 | +735.0% |
| Current assets | 29/58 | €61,987 | €155,976 | +€93,990 | +151.6% |
| Stocks and contracts in progress | 3 | €11,516 | €12,751 | +€1,235 | +10.7% |
| Stocks | 30/36 | €11,516 | €12,751 | +€1,235 | +10.7% |
| Amounts receivable within one year | 40/41 | €315 | €22,115 | +€21,800 | +6914.5% |
| Other amounts receivable | 41 | €315 | €22,115 | +€21,800 | +6914.5% |
| Cash at bank and in hand | 54/58 | €46,160 | €117,533 | +€71,373 | +154.6% |
| Deferred charges and accrued income | 490/1 | €3,995 | €3,577 | -€418 | -10.5% |
| Total equity and liabilities | 10/49 | €645,416 | €739,890 | +€94,473 | +14.6% |
| Equity | 10/15 | €149,301 | €250,416 | +€101,115 | +67.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €100,000 | +€75,000 | +300.0% |
| Distributable reserves | 133 | €25,000 | €100,000 | +€75,000 | +300.0% |
| Profit (loss) carried forward | 14 | €24,301 | €50,416 | +€26,115 | +107.5% |
| Amounts payable | 17/49 | €496,116 | €489,474 | -€6,642 | -1.3% |
| Amounts payable after more than one year | 17 | €351,790 | €338,767 | -€13,023 | -3.7% |
| Financial debts | 170/4 | €351,790 | €338,767 | -€13,023 | -3.7% |
| Amounts payable within one year | 42/48 | €144,325 | €150,706 | +€6,381 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €59,914 | €74,578 | +€14,663 | +24.5% |
| Trade debts | 44 | €40,912 | €29,183 | -€11,729 | -28.7% |
| Suppliers | 440/4 | €40,912 | €29,183 | -€11,729 | -28.7% |
| Taxes, remuneration and social security | 45 | €25,347 | €43,626 | +€18,279 | +72.1% |
| Taxes | 450/3 | €12,188 | €19,732 | +€7,545 | +61.9% |
| Remuneration and social security | 454/9 | €13,159 | €23,894 | +€10,735 | +81.6% |
| Other amounts payable | 47/48 | €18,152 | €3,320 | -€14,832 | -81.7% |
| Remuneration, social security and pensions | 62 | €237,773 | €218,141 | -€19,632 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,577 | €76,741 | -€3,837 | -4.8% |
| Other operating charges | 640/8 | €2,521 | €2,903 | +€383 | +15.2% |
| Gross operating margin | 9900 | €395,464 | €431,792 | +€36,328 | +9.2% |
| Operating profit (loss) | 9901 | €74,593 | €134,006 | +€59,414 | +79.7% |
| Financial income | 75/76B | €2,359 | €1,120 | -€1,239 | -52.5% |
| Recurring financial income | 75 | €2,359 | €1,120 | -€1,239 | -52.5% |
| Financial charges | 65/66B | €27,651 | €17,428 | -€10,224 | -37.0% |
| Recurring financial charges | 65 | €27,651 | €17,428 | -€10,224 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €49,301 | €117,699 | +€68,398 | +138.7% |
| Income taxes | 67/77 | - | €13,264 | +€13,264 | |
| Profit (loss) for the period | 9904 | €49,301 | €104,435 | +€55,134 | +111.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,301 | €104,435 | +€55,134 | +111.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.