Marque: 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.
Marque
Largest movements
- Current investments -€58,001
down €58,001 (-76.5%), from €75,853 to €17,853
- Cash +€25,701
up €25,701 (+76.2%), from €33,711 to €59,411
mainly Current investments (+€58,001) and Net result for the year (+€55,031)
- Receivables within one year -€3,092
down €3,092 (-21.4%), from €14,458 to €11,366
of which Trade receivables: -€3,713
- Tangible fixed assets -€2,132
down €2,132 (-16.3%), from €13,100 to €10,968
of which Furniture and vehicles: -€1,739
- Reserves -€35,802
down €35,802 (-34.0%), from €105,189 to €69,387
- Other debts -€5,515
down €5,515 (-42.0%), from €13,144 to €7,630
- Tax, wage and social debts +€5,442
up €5,442 (+32.4%), from €16,802 to €22,244
of which Remuneration and social security: +€3,165
- Gross operating margin +€10,028
up €10,028 (+16.2%), from €61,798 to €71,827
- Taxes +€2,400
up €2,400 (+20.0%), from €12,017 to €14,417
- Financial charges -€1,569
down €1,569 (-65.0%), from €2,413 to €845
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 | €138,348 | €100,889 | -€37,459 | -27.1% |
| Fixed assets | 21/28 | €13,100 | €10,968 | -€2,132 | -16.3% |
| Tangible fixed assets | 22/27 | €13,100 | €10,968 | -€2,132 | -16.3% |
| Plant, machinery and equipment | 23 | €1,113 | €720 | -€393 | -35.3% |
| Furniture and vehicles | 24 | €4,237 | €2,499 | -€1,739 | -41.0% |
| Other tangible fixed assets | 26 | €7,750 | €7,750 | = | 0.0% |
| Current assets | 29/58 | €125,248 | €89,920 | -€35,328 | -28.2% |
| Amounts receivable within one year | 40/41 | €14,458 | €11,366 | -€3,092 | -21.4% |
| Trade receivables | 40 | €14,458 | €10,745 | -€3,713 | -25.7% |
| Other amounts receivable | 41 | - | €621 | +€621 | |
| Current investments | 50/53 | €75,853 | €17,853 | -€58,001 | -76.5% |
| Cash at bank and in hand | 54/58 | €33,711 | €59,411 | +€25,701 | +76.2% |
| Deferred charges and accrued income | 490/1 | €1,226 | €1,291 | +€65 | +5.3% |
| Total equity and liabilities | 10/49 | €138,348 | €100,889 | -€37,459 | -27.1% |
| Equity | 10/15 | €106,189 | €70,387 | -€35,802 | -33.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €105,189 | €69,387 | -€35,802 | -34.0% |
| Distributable reserves | 133 | €105,189 | €69,387 | -€35,802 | -34.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,159 | €30,502 | -€1,657 | -5.2% |
| Amounts payable within one year | 42/48 | €30,953 | €30,502 | -€451 | -1.5% |
| Trade debts | 44 | €1,007 | €628 | -€379 | -37.6% |
| Suppliers | 440/4 | €1,007 | €628 | -€379 | -37.6% |
| Taxes, remuneration and social security | 45 | €16,802 | €22,244 | +€5,442 | +32.4% |
| Taxes | 450/3 | €16,802 | €19,079 | +€2,277 | +13.6% |
| Remuneration and social security | 454/9 | - | €3,165 | +€3,165 | |
| Other amounts payable | 47/48 | €13,144 | €7,630 | -€5,515 | -42.0% |
| Accrued charges and deferred income | 492/3 | €1,207 | €0 | -€1,207 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,998 | €2,132 | +€134 | +6.7% |
| Other operating charges | 640/8 | €235 | €198 | -€37 | -15.6% |
| Gross operating margin | 9900 | €61,798 | €71,827 | +€10,028 | +16.2% |
| Operating profit (loss) | 9901 | €59,566 | €69,497 | +€9,931 | +16.7% |
| Financial income | 75/76B | €698 | €796 | +€98 | +14.1% |
| Recurring financial income | 75 | €698 | €796 | +€98 | +14.1% |
| Financial charges | 65/66B | €2,413 | €845 | -€1,569 | -65.0% |
| Recurring financial charges | 65 | €2,413 | €845 | -€1,569 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €57,850 | €69,448 | +€11,598 | +20.0% |
| Income taxes | 67/77 | €12,017 | €14,417 | +€2,400 | +20.0% |
| Profit (loss) for the period | 9904 | €45,833 | €55,031 | +€9,198 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,833 | €55,031 | +€9,198 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.