Materials, Marketing & Services: 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.
Materials, Marketing & Services
Largest movements
- Cash -€14,521
down €14,521 (-80.4%), from €18,064 to €3,542
mainly Receivables within one year (-€10,991) and Net result for the year (-€5,843)
- Receivables within one year +€10,991
up €10,991 (+561%), from €1,958 to €12,949
of which Trade receivables: +€12,500
- Profit (loss) carried forward -€5,843
down €5,843, from €1,736 to -€4,107
- Other debts +€5,088
up €5,088 (+57.7%), from €8,816 to €13,904
- Tax, wage and social debts -€3,294
no longer reported in 2025 (was €3,294)
- Trade debts +€353
up €353 (+117%), from €302 to €655
- Other operating charges +€397
up €397 (+15,760%), from €3 to €400
- Gross operating margin -€181
down €181 (-3.7%), from -€4,916 to -€5,097
- Taxes +€170
no longer reported in 2025 (was -€170)
- Financial charges +€91
up €91 (+101%), from €90 to €180
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 | €20,349 | €16,652 | -€3,697 | -18.2% |
| Fixed assets | 21/28 | €328 | €161 | -€166 | -50.8% |
| Tangible fixed assets | 22/27 | €328 | €161 | -€166 | -50.8% |
| Furniture and vehicles | 24 | €328 | €161 | -€166 | -50.8% |
| Current assets | 29/58 | €20,021 | €16,491 | -€3,531 | -17.6% |
| Amounts receivable within one year | 40/41 | €1,958 | €12,949 | +€10,991 | +561% |
| Trade receivables | 40 | - | €12,500 | +€12,500 | |
| Other amounts receivable | 41 | €1,958 | €449 | -€1,509 | -77.1% |
| Cash at bank and in hand | 54/58 | €18,064 | €3,542 | -€14,521 | -80.4% |
| Total equity and liabilities | 10/49 | €20,349 | €16,652 | -€3,697 | -18.2% |
| Equity | 10/15 | €7,936 | €2,093 | -€5,843 | -73.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,736 | -€4,107 | -€5,843 | |
| Amounts payable | 17/49 | €12,413 | €14,559 | +€2,147 | +17.3% |
| Amounts payable within one year | 42/48 | €12,413 | €14,559 | +€2,147 | +17.3% |
| Trade debts | 44 | €302 | €655 | +€353 | +117% |
| Suppliers | 440/4 | €302 | €655 | +€353 | +117% |
| Taxes, remuneration and social security | 45 | €3,294 | - | -€3,294 | |
| Taxes | 450/3 | €3,294 | - | -€3,294 | |
| Other amounts payable | 47/48 | €8,816 | €13,904 | +€5,088 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €166 | = | 0.0% |
| Other operating charges | 640/8 | €3 | €400 | +€397 | +15,760% |
| Gross operating margin | 9900 | -€4,916 | -€5,097 | -€181 | -3.7% |
| Operating profit (loss) | 9901 | -€5,085 | -€5,663 | -€578 | -11.4% |
| Financial charges | 65/66B | €90 | €180 | +€91 | +101% |
| Recurring financial charges | 65 | €90 | €180 | +€91 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€5,175 | -€5,843 | -€669 | -12.9% |
| Income taxes | 67/77 | -€170 | - | +€170 | |
| Profit (loss) for the period | 9904 | -€5,005 | -€5,843 | -€839 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,005 | -€5,843 | -€839 | -16.8% |
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.