MARQIZ: 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.
MARQIZ
Largest movements
- Cash +€32,545
up €32,545 (+6,305%), from €516 to €33,061
mainly Net result for the year (+€27,542) and Receivables within one year (+€27,131)
- Receivables within one year -€27,131
down €27,131 (-26.9%), from €100,703 to €73,572
of which Other amounts receivable: -€18,738
- Tangible fixed assets -€20,494
down €20,494 (-11.1%), from €184,689 to €164,196
of which Land and buildings: -€20,494
- Other debts -€32,615
no longer reported in 2025 (was €32,615)
- Reserves +€27,542
up €27,542 (+11.2%), from €246,524 to €274,067
- Debts after one year -€11,907
down €11,907 (-13.0%), from €91,348 to €79,441
- Gross operating margin -€2,165
down €2,165 (-3.3%), from €65,839 to €63,675
- Depreciation +€1,668
up €1,668 (+8.0%), from €20,863 to €22,531
- Financial charges +€854
up €854 (+21.5%), from €3,972 to €4,826
- Financial income -€854
down €854 (-17.0%), from €5,031 to €4,177
of which Financial income: -€1,354
- Taxes -€732
down €732 (-5.8%), from €12,646 to €11,914
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 | €447,406 | €431,012 | -€16,394 | -3.7% |
| Fixed assets | 21/28 | €184,689 | €164,196 | -€20,494 | -11.1% |
| Tangible fixed assets | 22/27 | €184,689 | €164,196 | -€20,494 | -11.1% |
| Land and buildings | 22 | €184,689 | €164,196 | -€20,494 | -11.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €262,717 | €266,817 | +€4,100 | +1.6% |
| Amounts receivable after more than one year | 29 | €155,000 | €155,000 | = | 0.0% |
| Other amounts receivable | 291 | €155,000 | €155,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,703 | €73,572 | -€27,131 | -26.9% |
| Trade receivables | 40 | €34,204 | €25,810 | -€8,393 | -24.5% |
| Other amounts receivable | 41 | €66,499 | €47,761 | -€18,738 | -28.2% |
| Cash at bank and in hand | 54/58 | €516 | €33,061 | +€32,545 | +6,305% |
| Deferred charges and accrued income | 490/1 | €6,498 | €5,184 | -€1,314 | -20.2% |
| Total equity and liabilities | 10/49 | €447,406 | €431,012 | -€16,394 | -3.7% |
| Equity | 10/15 | €265,124 | €292,667 | +€27,542 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,524 | €274,067 | +€27,542 | +11.2% |
| Distributable reserves | 133 | €246,524 | €274,067 | +€27,542 | +11.2% |
| Amounts payable | 17/49 | €182,282 | €138,346 | -€43,936 | -24.1% |
| Amounts payable after more than one year | 17 | €91,348 | €79,441 | -€11,907 | -13.0% |
| Financial debts | 170/4 | €91,348 | €79,441 | -€11,907 | -13.0% |
| Amounts payable within one year | 42/48 | €88,281 | €58,359 | -€29,922 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €11,555 | €11,907 | +€351 | +3.0% |
| Trade debts | 44 | €7,304 | €5,799 | -€1,505 | -20.6% |
| Suppliers | 440/4 | €7,304 | €5,799 | -€1,505 | -20.6% |
| Taxes, remuneration and social security | 45 | €36,807 | €40,653 | +€3,846 | +10.4% |
| Taxes | 450/3 | €36,807 | €40,653 | +€3,846 | +10.4% |
| Other amounts payable | 47/48 | €32,615 | - | -€32,615 | |
| Accrued charges and deferred income | 492/3 | €2,654 | €545 | -€2,108 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,863 | €22,531 | +€1,668 | +8.0% |
| Other operating charges | 640/8 | €1,092 | €1,038 | -€54 | -5.0% |
| Gross operating margin | 9900 | €65,839 | €63,675 | -€2,165 | -3.3% |
| Operating profit (loss) | 9901 | €43,884 | €40,105 | -€3,779 | -8.6% |
| Financial income | 75/76B | €5,031 | €4,177 | -€854 | -17.0% |
| Recurring financial income | 75 | €5,031 | €3,677 | -€1,354 | -26.9% |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €3,972 | €4,826 | +€854 | +21.5% |
| Recurring financial charges | 65 | €3,972 | €4,826 | +€854 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €44,943 | €39,456 | -€5,487 | -12.2% |
| Income taxes | 67/77 | €12,646 | €11,914 | -€732 | -5.8% |
| Profit (loss) for the period | 9904 | €32,297 | €27,542 | -€4,755 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,297 | €27,542 | -€4,755 | -14.7% |
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 15 October 2026 via checked.be.