MARKTECH: 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.
MARKTECH
Largest movements
- Tangible fixed assets -€57,087
down €57,087 (-3.8%), from €1.5m to €1.5m
of which Land and buildings: -€83,204
- Cash +€38,616
up €38,616 (+273%), from €14,133 to €52,748
mainly Depreciation (+€108,962) and Other debts (+€59,468)
- Profit (loss) carried forward -€68,874
down €68,874 (-68.0%), from €101,290 to €32,417
- Other debts +€59,468
up €59,468 (+6.8%), from €870,477 to €929,945
- Gross operating margin -€65,558
down €65,558 (-50.7%), from €129,303 to €63,745
- Taxes -€14,982
down €14,982 (-95.8%), from €15,632 to €651
- Other operating charges +€13,182
up €13,182 (+113%), from €11,678 to €24,860
- Depreciation -€1,877
down €1,877 (-1.7%), from €110,840 to €108,962
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.
Derived cash bridge
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 | €1,537,381 | €1,516,589 | -€20,792 | -1.4% |
| Fixed assets | 21/28 | €1,518,110 | €1,461,022 | -€57,087 | -3.8% |
| Tangible fixed assets | 22/27 | €1,518,110 | €1,461,022 | -€57,087 | -3.8% |
| Land and buildings | 22 | €1,450,347 | €1,367,143 | -€83,204 | -5.7% |
| Furniture and vehicles | 24 | €1,335 | €44,226 | +€42,891 | +3,212% |
| Other tangible fixed assets | 26 | €66,428 | €49,653 | -€16,775 | -25.3% |
| Current assets | 29/58 | €19,272 | €55,567 | +€36,295 | +188% |
| Amounts receivable within one year | 40/41 | €3,132 | €2,818 | -€314 | -10.0% |
| Trade receivables | 40 | €1,874 | €1,576 | -€298 | -15.9% |
| Other amounts receivable | 41 | €1,259 | €1,242 | -€16 | -1.3% |
| Cash at bank and in hand | 54/58 | €14,133 | €52,748 | +€38,616 | +273% |
| Deferred charges and accrued income | 490/1 | €2,007 | €0 | -€2,007 | -100% |
| Total equity and liabilities | 10/49 | €1,537,381 | €1,516,589 | -€20,792 | -1.4% |
| Equity | 10/15 | €577,519 | €506,486 | -€71,034 | -12.3% |
| Contributions | 10/11 | €337,650 | €337,650 | = | 0.0% |
| Reserves | 13 | €138,579 | €136,419 | -€2,160 | -1.6% |
| Non-distributable reserves | 130/1 | €20,013 | €20,013 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,013 | €20,013 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,078 | €62,918 | -€2,160 | -3.3% |
| Distributable reserves | 133 | €53,488 | €53,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,290 | €32,417 | -€68,874 | -68.0% |
| Provisions and deferred taxes | 16 | €16,618 | €15,898 | -€720 | -4.3% |
| Deferred taxes | 168 | €16,618 | €15,898 | -€720 | -4.3% |
| Amounts payable | 17/49 | €943,244 | €994,206 | +€50,961 | +5.4% |
| Amounts payable after more than one year | 17 | €46,612 | €36,663 | -€9,949 | -21.3% |
| Financial debts | 170/4 | €43,525 | €36,663 | -€6,862 | -15.8% |
| Other amounts payable | 178/9 | €3,087 | €0 | -€3,087 | -100% |
| Amounts payable within one year | 42/48 | €896,633 | €957,543 | +€60,910 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €6,751 | €6,862 | +€111 | +1.6% |
| Trade debts | 44 | €11,469 | €19,936 | +€8,467 | +73.8% |
| Suppliers | 440/4 | €11,469 | €19,936 | +€8,467 | +73.8% |
| Taxes, remuneration and social security | 45 | €7,936 | €801 | -€7,135 | -89.9% |
| Taxes | 450/3 | €7,936 | €801 | -€7,135 | -89.9% |
| Other amounts payable | 47/48 | €870,477 | €929,945 | +€59,468 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,840 | €108,962 | -€1,877 | -1.7% |
| Other operating charges | 640/8 | €11,678 | €24,860 | +€13,182 | +113% |
| Gross operating margin | 9900 | €129,303 | €63,745 | -€65,558 | -50.7% |
| Operating profit (loss) | 9901 | €6,785 | -€70,077 | -€76,862 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,164 | €1,026 | -€138 | -11.9% |
| Recurring financial charges | 65 | €1,164 | €1,026 | -€138 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €5,621 | -€71,103 | -€76,724 | |
| Transfer from deferred taxes | 780 | €715 | €720 | +€5 | +0.7% |
| Income taxes | 67/77 | €15,632 | €651 | -€14,982 | -95.8% |
| Profit (loss) for the period | 9904 | -€9,297 | -€71,034 | -€61,737 | -664% |
| Transfer from tax-exempt reserves | 789 | €2,145 | €2,160 | +€15 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,152 | -€68,874 | -€61,722 | -863% |
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 16 October 2026 via checked.be.