MKTRM: 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.
MKTRM
Largest movements
- Receivables within one year +€76,913
up €76,913 (+819.8%), from €9,383 to €86,296
of which Trade receivables: +€82,965
- Cash -€15,288
down €15,288 (-62.0%), from €24,676 to €9,388
mainly Receivables within one year (-€76,913)
- Tangible fixed assets -€2,462
down €2,462 (-11.2%), from €21,915 to €19,453
of which Furniture and vehicles: -€2,462
- Profit (loss) carried forward +€25,911
up €25,911 (+41.1%), from €63,020 to €88,931
- Tax, wage and social debts +€20,441
up €20,441 (+228.1%), from €8,963 to €29,404
of which Taxes: +€20,441
- Other debts +€12,037
up €12,037, from €0 to €12,037
- Taxes -€1,575
down €1,575 (-17.6%), from €8,956 to €7,381
- Gross operating margin +€1,189
up €1,189 (+3.4%), from €35,430 to €36,619
- Depreciation +€369
up €369 (+17.6%), from €2,093 to €2,462
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 | €78,068 | €137,232 | +€59,164 | +75.8% |
| Fixed assets | 21/28 | €21,915 | €19,453 | -€2,462 | -11.2% |
| Tangible fixed assets | 22/27 | €21,915 | €19,453 | -€2,462 | -11.2% |
| Furniture and vehicles | 24 | €16,565 | €14,103 | -€2,462 | -14.9% |
| Other tangible fixed assets | 26 | €5,350 | €5,350 | = | 0.0% |
| Current assets | 29/58 | €56,153 | €117,778 | +€61,626 | +109.7% |
| Stocks and contracts in progress | 3 | €22,095 | €22,095 | = | 0.0% |
| Stocks | 30/36 | €22,095 | €22,095 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,383 | €86,296 | +€76,913 | +819.8% |
| Trade receivables | 40 | €3,331 | €86,296 | +€82,965 | +2490.7% |
| Other amounts receivable | 41 | €6,052 | €0 | -€6,052 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,676 | €9,388 | -€15,288 | -62.0% |
| Total equity and liabilities | 10/49 | €78,068 | €137,232 | +€59,164 | +75.8% |
| Equity | 10/15 | €65,020 | €90,931 | +€25,911 | +39.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,020 | €88,931 | +€25,911 | +41.1% |
| Amounts payable | 17/49 | €13,047 | €46,300 | +€33,253 | +254.9% |
| Amounts payable within one year | 42/48 | €13,047 | €46,300 | +€33,253 | +254.9% |
| Trade debts | 44 | €4,085 | €4,859 | +€775 | +19.0% |
| Suppliers | 440/4 | €4,085 | €4,859 | +€775 | +19.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,963 | €29,404 | +€20,441 | +228.1% |
| Taxes | 450/3 | €8,963 | €29,404 | +€20,441 | +228.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €12,037 | +€12,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,093 | €2,462 | +€369 | +17.6% |
| Other operating charges | 640/8 | €517 | €667 | +€150 | +29.0% |
| Gross operating margin | 9900 | €35,430 | €36,619 | +€1,189 | +3.4% |
| Operating profit (loss) | 9901 | €32,820 | €33,490 | +€670 | +2.0% |
| Financial income | 75/76B | €174 | €0 | -€174 | -100.0% |
| Recurring financial income | 75 | €174 | €0 | -€174 | -100.0% |
| Financial charges | 65/66B | €383 | €198 | -€185 | -48.3% |
| Recurring financial charges | 65 | €383 | €198 | -€185 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €32,611 | €33,292 | +€681 | +2.1% |
| Income taxes | 67/77 | €8,956 | €7,381 | -€1,575 | -17.6% |
| Profit (loss) for the period | 9904 | €23,655 | €25,911 | +€2,256 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,655 | €25,911 | +€2,256 | +9.5% |
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 29 September 2026 via checked.be.