MARQUETTI: 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.
MARQUETTI
Largest movements
- Receivables within one year -€42,628
down €42,628 (-84.0%), from €50,724 to €8,096
of which Other amounts receivable: -€41,114
- Cash -€25,135
down €25,135 (-35.8%), from €70,206 to €45,071
mainly Contributions, distributions and other (-€70,000) and Tax, wage and social debts (-€16,503)
- Tangible fixed assets -€2,856
down €2,856 (-74.5%), from €3,832 to €977
of which Furniture and vehicles: -€2,550
- Deferred charges and accrued income +€2,105
new in 2025: €2,105
- Profit (loss) carried forward -€51,545
down €51,545 (-59.3%), from €86,954 to €35,408
- Tax, wage and social debts -€16,503
down €16,503 (-95.3%), from €17,319 to €815
- Trade debts -€1,789
down €1,789 (-71.8%), from €2,490 to €701
- Other debts +€1,325
new in 2025: €1,325
- Gross operating margin -€12,647
down €12,647 (-26.1%), from €48,495 to €35,847
- Taxes -€3,072
down €3,072 (-24.5%), from €12,527 to €9,455
- Financial income -€1,070
down €1,070 (-95.3%), from €1,123 to €53
- Depreciation -€791
down €791 (-21.7%), from €3,646 to €2,856
- Financial charges +€513
up €513 (+17.9%), from €2,861 to €3,373
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 | €124,763 | €56,249 | -€68,513 | -54.9% |
| Fixed assets | 21/28 | €3,832 | €977 | -€2,856 | -74.5% |
| Tangible fixed assets | 22/27 | €3,832 | €977 | -€2,856 | -74.5% |
| Plant, machinery and equipment | 23 | €1,282 | €977 | -€306 | -23.8% |
| Furniture and vehicles | 24 | €2,550 | €0 | -€2,550 | -100% |
| Current assets | 29/58 | €120,930 | €55,273 | -€65,658 | -54.3% |
| Amounts receivable within one year | 40/41 | €50,724 | €8,096 | -€42,628 | -84.0% |
| Trade receivables | 40 | €1,514 | €0 | -€1,514 | -100% |
| Other amounts receivable | 41 | €49,210 | €8,096 | -€41,114 | -83.5% |
| Cash at bank and in hand | 54/58 | €70,206 | €45,071 | -€25,135 | -35.8% |
| Deferred charges and accrued income | 490/1 | - | €2,105 | +€2,105 | |
| Total equity and liabilities | 10/49 | €124,763 | €56,249 | -€68,513 | -54.9% |
| Equity | 10/15 | €104,954 | €53,408 | -€51,545 | -49.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,954 | €35,408 | -€51,545 | -59.3% |
| Amounts payable | 17/49 | €19,809 | €2,841 | -€16,968 | -85.7% |
| Amounts payable within one year | 42/48 | €19,809 | €2,841 | -€16,968 | -85.7% |
| Trade debts | 44 | €2,490 | €701 | -€1,789 | -71.8% |
| Suppliers | 440/4 | €2,490 | €701 | -€1,789 | -71.8% |
| Taxes, remuneration and social security | 45 | €17,319 | €815 | -€16,503 | -95.3% |
| Taxes | 450/3 | €17,319 | €815 | -€16,503 | -95.3% |
| Other amounts payable | 47/48 | - | €1,325 | +€1,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,646 | €2,856 | -€791 | -21.7% |
| Other operating charges | 640/8 | €1,287 | €1,762 | +€475 | +36.9% |
| Gross operating margin | 9900 | €48,495 | €35,847 | -€12,647 | -26.1% |
| Operating profit (loss) | 9901 | €43,561 | €31,229 | -€12,332 | -28.3% |
| Financial income | 75/76B | €1,123 | €53 | -€1,070 | -95.3% |
| Recurring financial income | 75 | €1,123 | €53 | -€1,070 | -95.3% |
| Financial charges | 65/66B | €2,861 | €3,373 | +€513 | +17.9% |
| Recurring financial charges | 65 | €2,861 | €3,373 | +€513 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €41,824 | €27,909 | -€13,915 | -33.3% |
| Income taxes | 67/77 | €12,527 | €9,455 | -€3,072 | -24.5% |
| Profit (loss) for the period | 9904 | €29,297 | €18,455 | -€10,843 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,297 | €18,455 | -€10,843 | -37.0% |
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 23 October 2026 via checked.be.