MKT: 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.
MKT
Largest movements
- Receivables within one year +€16,870
up €16,870 (+286%), from €5,907 to €22,777
of which Trade receivables: +€8,656
- Tangible fixed assets -€10,841
down €10,841 (-41.7%), from €25,977 to €15,136
of which Leasing and similar rights: -€8,996
- Cash +€3,415
up €3,415 (+236%), from €1,444 to €4,859
mainly Depreciation (+€10,841) and Net result for the year (+€8,932)
- Stocks and contracts -€2,248
down €2,248 (-24.1%), from €9,340 to €7,093
of which Contracts in progress: -€2,280
- Profit (loss) carried forward +€8,932
up €8,932 (+86.4%), from €10,333 to €19,265
- Tax, wage and social debts +€6,412
up €6,412 (+4,697%), from €137 to €6,548
- Debts after one year -€5,316
down €5,316 (-75.0%), from €7,087 to €1,772
- Other debts -€4,377
down €4,377 (-28.6%), from €15,326 to €10,948
- Trade debts +€1,546
up €1,546 (+105%), from €1,470 to €3,017
- Gross operating margin +€16,844
up €16,844 (+125%), from €13,422 to €30,266
- Taxes +€5,119
up €5,119 (+3,750%), from €137 to €5,256
- Other operating charges +€3,770
up €3,770 (+415%), from €909 to €4,679
- Financial charges +€840
up €840 (+213%), from €394 to €1,234
- Write-downs -€674
down €674 (-100%), from €674 to €0
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 | €42,669 | €49,866 | +€7,197 | +16.9% |
| Fixed assets | 21/28 | €25,977 | €15,136 | -€10,841 | -41.7% |
| Tangible fixed assets | 22/27 | €25,977 | €15,136 | -€10,841 | -41.7% |
| Plant, machinery and equipment | 23 | €2,783 | €1,338 | -€1,445 | -51.9% |
| Furniture and vehicles | 24 | €1,111 | €711 | -€399 | -36.0% |
| Leasing and similar rights | 25 | €22,084 | €13,087 | -€8,996 | -40.7% |
| Current assets | 29/58 | €16,691 | €34,729 | +€18,038 | +108% |
| Stocks and contracts in progress | 3 | €9,340 | €7,093 | -€2,248 | -24.1% |
| Stocks | 30/36 | €1,840 | €1,873 | +€32 | +1.8% |
| Contracts in progress | 37 | €7,500 | €5,220 | -€2,280 | -30.4% |
| Amounts receivable within one year | 40/41 | €5,907 | €22,777 | +€16,870 | +286% |
| Trade receivables | 40 | €3,477 | €12,133 | +€8,656 | +249% |
| Other amounts receivable | 41 | €2,430 | €10,644 | +€8,214 | +338% |
| Cash at bank and in hand | 54/58 | €1,444 | €4,859 | +€3,415 | +236% |
| Total equity and liabilities | 10/49 | €42,669 | €49,866 | +€7,197 | +16.9% |
| Equity | 10/15 | €13,333 | €22,265 | +€8,932 | +67.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,333 | €19,265 | +€8,932 | +86.4% |
| Amounts payable | 17/49 | €29,335 | €27,601 | -€1,735 | -5.9% |
| Amounts payable after more than one year | 17 | €7,087 | €1,772 | -€5,316 | -75.0% |
| Financial debts | 170/4 | €7,087 | €1,772 | -€5,316 | -75.0% |
| Amounts payable within one year | 42/48 | €22,248 | €25,829 | +€3,581 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €5,316 | €5,316 | = | 0.0% |
| Trade debts | 44 | €1,470 | €3,017 | +€1,546 | +105% |
| Suppliers | 440/4 | €1,470 | €3,017 | +€1,546 | +105% |
| Taxes, remuneration and social security | 45 | €137 | €6,548 | +€6,412 | +4,697% |
| Taxes | 450/3 | €137 | €6,548 | +€6,412 | +4,697% |
| Other amounts payable | 47/48 | €15,326 | €10,948 | -€4,377 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,773 | €10,841 | +€67 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €674 | €0 | -€674 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€674 | -€674 | |
| Other operating charges | 640/8 | €909 | €4,679 | +€3,770 | +415% |
| Gross operating margin | 9900 | €13,422 | €30,266 | +€16,844 | +125% |
| Operating profit (loss) | 9901 | €1,066 | €15,421 | +€14,356 | +1,347% |
| Financial income | 75/76B | €0 | €0 | +€0 | +7.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +7.5% |
| Financial charges | 65/66B | €394 | €1,234 | +€840 | +213% |
| Recurring financial charges | 65 | €394 | €1,234 | +€840 | +213% |
| Profit (loss) for the period before taxes | 9903 | €672 | €14,188 | +€13,516 | +2,012% |
| Income taxes | 67/77 | €137 | €5,256 | +€5,119 | +3,750% |
| Profit (loss) for the period | 9904 | €535 | €8,932 | +€8,397 | +1,569% |
| Profit (loss) for the period to be appropriated | 9905 | €535 | €8,932 | +€8,397 | +1,569% |
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 14 October 2026 via checked.be.