MARKUS CONSULTING: 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.
MARKUS CONSULTING
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€182,498
down €182,498 (-55.5%), from €329,002 to €146,504
mainly Current investments (-€250,000) and Contributions, distributions and other (-€52,354)
- Tangible fixed assets -€10,212
down €10,212 (-26.3%), from €38,847 to €28,635
of which Furniture and vehicles: -€12,335
- Other debts +€52,119
up €52,119 (+108%), from €48,400 to €100,519
- Depreciation -€14,609
down €14,609 (-52.7%), from €27,722 to €13,113
- Gross operating margin -€12,422
down €12,422 (-11.8%), from €104,981 to €92,560
- Financial charges +€3,025
up €3,025 (+129%), from €2,353 to €5,377
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 | €422,184 | €476,311 | +€54,127 | +12.8% |
| Fixed assets | 21/28 | €38,847 | €28,635 | -€10,212 | -26.3% |
| Tangible fixed assets | 22/27 | €38,847 | €28,635 | -€10,212 | -26.3% |
| Plant, machinery and equipment | 23 | €18 | €2,525 | +€2,507 | +14,204% |
| Furniture and vehicles | 24 | €36,592 | €24,256 | -€12,335 | -33.7% |
| Other tangible fixed assets | 26 | €2,238 | €1,854 | -€384 | -17.2% |
| Current assets | 29/58 | €383,336 | €447,676 | +€64,340 | +16.8% |
| Amounts receivable within one year | 40/41 | €49,572 | €46,304 | -€3,269 | -6.6% |
| Trade receivables | 40 | €44,236 | €39,149 | -€5,087 | -11.5% |
| Other amounts receivable | 41 | €5,336 | €7,154 | +€1,818 | +34.1% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €329,002 | €146,504 | -€182,498 | -55.5% |
| Deferred charges and accrued income | 490/1 | €4,761 | €4,868 | +€107 | +2.2% |
| Total equity and liabilities | 10/49 | €422,184 | €476,311 | +€54,127 | +12.8% |
| Equity | 10/15 | €351,364 | €352,445 | +€1,081 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,764 | €333,845 | +€1,081 | +0.3% |
| Distributable reserves | 133 | €332,764 | €333,845 | +€1,081 | +0.3% |
| Amounts payable | 17/49 | €70,820 | €123,866 | +€53,047 | +74.9% |
| Amounts payable within one year | 42/48 | €68,585 | €118,595 | +€50,010 | +72.9% |
| Trade debts | 44 | €4,363 | €2,494 | -€1,869 | -42.8% |
| Suppliers | 440/4 | €4,363 | €2,494 | -€1,869 | -42.8% |
| Taxes, remuneration and social security | 45 | €15,822 | €15,582 | -€240 | -1.5% |
| Taxes | 450/3 | €15,822 | €15,582 | -€240 | -1.5% |
| Other amounts payable | 47/48 | €48,400 | €100,519 | +€52,119 | +108% |
| Accrued charges and deferred income | 492/3 | €2,235 | €5,272 | +€3,037 | +136% |
| Non-recurring operating income | 76A | €2,740 | - | -€2,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,722 | €13,113 | -€14,609 | -52.7% |
| Other operating charges | 640/8 | €1,000 | €691 | -€309 | -30.9% |
| Gross operating margin | 9900 | €104,981 | €92,560 | -€12,422 | -11.8% |
| Operating profit (loss) | 9901 | €76,259 | €78,756 | +€2,496 | +3.3% |
| Financial income | 75/76B | €716 | €1,065 | +€350 | +48.9% |
| Recurring financial income | 75 | €716 | €1,065 | +€350 | +48.9% |
| Financial charges | 65/66B | €2,353 | €5,377 | +€3,025 | +129% |
| Recurring financial charges | 65 | €2,353 | €5,377 | +€3,025 | +129% |
| Profit (loss) for the period before taxes | 9903 | €74,622 | €74,444 | -€179 | -0.2% |
| Income taxes | 67/77 | €21,079 | €21,009 | -€70 | -0.3% |
| Profit (loss) for the period | 9904 | €53,544 | €53,435 | -€109 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,544 | €53,435 | -€109 | -0.2% |
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 14 October 2026 via checked.be.