MARKT 51: 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 51
Largest movements
- Receivables within one year +€35,620
up €35,620 (+315.5%), from €11,291 to €46,912
of which Trade receivables: +€35,486
- Tangible fixed assets -€15,988
down €15,988 (-50.7%), from €31,545 to €15,557
- Cash +€1,275
up €1,275 (+5.4%), from €23,496 to €24,771
mainly Trade debts (+€30,061) and Depreciation (+€15,988)
- Trade debts +€30,061
up €30,061 (+184.0%), from €16,337 to €46,398
- Tax, wage and social debts -€7,893
down €7,893 (-63.6%), from €12,419 to €4,526
of which Remuneration and social security: -€8,318
- Current portion of long-term debt -€2,678
down €2,678 (-100.0%), from €2,678 to €0
- Profit (loss) carried forward +€1,230
up €1,230 (+8.3%), from €14,851 to €16,080
- Gross operating margin -€13,927
down €13,927 (-20.5%), from €67,942 to €54,014
- Staff costs -€8,589
down €8,589 (-21.8%), from €39,315 to €30,726
- Other operating charges +€2,079
up €2,079 (+247.9%), from €839 to €2,918
- Financial charges -€788
down €788 (-52.1%), from €1,512 to €725
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 | €66,745 | €87,465 | +€20,719 | +31.0% |
| Fixed assets | 21/28 | €31,770 | €15,783 | -€15,988 | -50.3% |
| Tangible fixed assets | 22/27 | €31,545 | €15,557 | -€15,988 | -50.7% |
| Other tangible fixed assets | 26 | €31,545 | €15,557 | -€15,988 | -50.7% |
| Financial fixed assets | 28 | €226 | €226 | = | 0.0% |
| Current assets | 29/58 | €34,975 | €71,682 | +€36,707 | +105.0% |
| Stocks and contracts in progress | 3 | €188 | €0 | -€188 | -100.0% |
| Stocks | 30/36 | €188 | €0 | -€188 | -100.0% |
| Amounts receivable within one year | 40/41 | €11,291 | €46,912 | +€35,620 | +315.5% |
| Trade receivables | 40 | €11,291 | €46,778 | +€35,486 | +314.3% |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €23,496 | €24,771 | +€1,275 | +5.4% |
| Total equity and liabilities | 10/49 | €66,745 | €87,465 | +€20,719 | +31.0% |
| Equity | 10/15 | €35,311 | €36,540 | +€1,230 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,851 | €16,080 | +€1,230 | +8.3% |
| Amounts payable | 17/49 | €31,435 | €50,924 | +€19,490 | +62.0% |
| Amounts payable within one year | 42/48 | €31,435 | €50,924 | +€19,490 | +62.0% |
| Current portion of amounts payable after more than one year | 42 | €2,678 | €0 | -€2,678 | -100.0% |
| Trade debts | 44 | €16,337 | €46,398 | +€30,061 | +184.0% |
| Suppliers | 440/4 | €16,337 | €46,398 | +€30,061 | +184.0% |
| Taxes, remuneration and social security | 45 | €12,419 | €4,526 | -€7,893 | -63.6% |
| Taxes | 450/3 | €4,101 | €4,526 | +€425 | +10.4% |
| Remuneration and social security | 454/9 | €8,318 | €0 | -€8,318 | -100.0% |
| Remuneration, social security and pensions | 62 | €39,315 | €30,726 | -€8,589 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,988 | €15,988 | = | 0.0% |
| Other operating charges | 640/8 | €839 | €2,918 | +€2,079 | +247.9% |
| Non-recurring operating charges | 66A | €5,699 | €0 | -€5,699 | -100.0% |
| Gross operating margin | 9900 | €67,942 | €54,014 | -€13,927 | -20.5% |
| Operating profit (loss) | 9901 | €6,101 | €4,383 | -€1,719 | -28.2% |
| Financial income | 75/76B | €134 | €0 | -€134 | -100.0% |
| Recurring financial income | 75 | €134 | €0 | -€134 | -100.0% |
| Financial charges | 65/66B | €1,512 | €725 | -€788 | -52.1% |
| Recurring financial charges | 65 | €1,512 | €725 | -€788 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €4,723 | €3,658 | -€1,065 | -22.5% |
| Income taxes | 67/77 | €2,234 | €2,428 | +€194 | +8.7% |
| Profit (loss) for the period | 9904 | €2,489 | €1,230 | -€1,259 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,489 | €1,230 | -€1,259 | -50.6% |
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 6 October 2026 via checked.be.