MARkvallei: 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.
MARkvallei
Largest movements
- Deferred charges and accrued income -€31,686
down €31,686 (-78.6%), from €40,291 to €8,606
- Cash +€25,435
up €25,435 (+44.6%), from €57,004 to €82,439
mainly Depreciation (+€132,169) and Trade debts (+€76,590)
- Receivables within one year +€17,868
up €17,868 (+67.9%), from €26,303 to €44,171
of which Other amounts receivable: +€12,734
- Trade debts +€76,590
up €76,590 (+1,413%), from €5,421 to €82,011
- Debts after one year -€54,464
down €54,464 (-21.4%), from €254,692 to €200,228
- Current portion of long-term debt -€6,245
down €6,245 (-5.3%), from €117,042 to €110,797
- Gross operating margin -€29,510
down €29,510 (-17.0%), from €173,306 to €143,795
- Depreciation +€3,878
up €3,878 (+3.0%), from €128,292 to €132,169
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 | €538,938 | €554,962 | +€16,024 | +3.0% |
| Fixed assets | 21/28 | €415,339 | €419,746 | +€4,407 | +1.1% |
| Tangible fixed assets | 22/27 | €415,339 | €419,746 | +€4,407 | +1.1% |
| Land and buildings | 22 | €51,961 | €45,463 | -€6,498 | -12.5% |
| Plant, machinery and equipment | 23 | €346,327 | €361,992 | +€15,665 | +4.5% |
| Furniture and vehicles | 24 | €17,051 | €12,291 | -€4,760 | -27.9% |
| Current assets | 29/58 | €123,599 | €135,215 | +€11,617 | +9.4% |
| Amounts receivable within one year | 40/41 | €26,303 | €44,171 | +€17,868 | +67.9% |
| Trade receivables | 40 | €24,670 | €29,803 | +€5,134 | +20.8% |
| Other amounts receivable | 41 | €1,634 | €14,368 | +€12,734 | +779% |
| Cash at bank and in hand | 54/58 | €57,004 | €82,439 | +€25,435 | +44.6% |
| Deferred charges and accrued income | 490/1 | €40,291 | €8,606 | -€31,686 | -78.6% |
| Total equity and liabilities | 10/49 | €538,938 | €554,962 | +€16,024 | +3.0% |
| Equity | 10/15 | €161,783 | €161,925 | +€142 | +0.1% |
| Contributions | 10/11 | €58,500 | €60,000 | +€1,500 | +2.6% |
| Reserves | 13 | €102,850 | €101,000 | -€1,850 | -1.8% |
| Non-distributable reserves | 130/1 | €5,850 | €6,000 | +€150 | +2.6% |
| Reserves not available under the articles | 1311 | €5,850 | €6,000 | +€150 | +2.6% |
| Distributable reserves | 133 | €97,000 | €95,000 | -€2,000 | -2.1% |
| Profit (loss) carried forward | 14 | €433 | €925 | +€492 | +114% |
| Amounts payable | 17/49 | €377,154 | €393,036 | +€15,882 | +4.2% |
| Amounts payable after more than one year | 17 | €254,692 | €200,228 | -€54,464 | -21.4% |
| Financial debts | 170/4 | €254,692 | €200,228 | -€54,464 | -21.4% |
| Amounts payable within one year | 42/48 | €122,462 | €192,808 | +€70,346 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €117,042 | €110,797 | -€6,245 | -5.3% |
| Trade debts | 44 | €5,421 | €82,011 | +€76,590 | +1,413% |
| Suppliers | 440/4 | €5,421 | €82,011 | +€76,590 | +1,413% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €39,112 | €22,950 | -€16,162 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,292 | €132,169 | +€3,878 | +3.0% |
| Other operating charges | 640/8 | €664 | €844 | +€180 | +27.1% |
| Gross operating margin | 9900 | €173,306 | €143,795 | -€29,510 | -17.0% |
| Operating profit (loss) | 9901 | €44,350 | €10,782 | -€33,568 | -75.7% |
| Financial income | 75/76B | €9 | €150 | +€141 | +1,529% |
| Recurring financial income | 75 | €9 | €150 | +€141 | +1,529% |
| Financial charges | 65/66B | €13,778 | €12,290 | -€1,488 | -10.8% |
| Recurring financial charges | 65 | €13,778 | €12,290 | -€1,488 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €30,581 | -€1,358 | -€31,939 | |
| Profit (loss) for the period | 9904 | €30,581 | -€1,358 | -€31,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,581 | -€1,358 | -€31,939 |
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 13 October 2026 via checked.be.