R. MARQUAGE: what changed
R. MARQUAGE
Largest movements
- Receivables within one year +€300,735
up €300,735 (+2,790%), from €10,777 to €311,512
of which Trade receivables: +€295,988
- Cash +€71,410
up €71,410 (+338%), from €21,126 to €92,536
mainly Net result for the year (+€151,684) and Trade debts (+€136,109)
- Reserves +€150,000
new in 2025: €150,000
- Trade debts +€136,109
up €136,109 (+8,799%), from €1,547 to €137,656
- Tax, wage and social debts +€45,613
up €45,613 (+347%), from €13,156 to €58,769
of which Taxes: +€35,696
- Other debts +€23,915
new in 2025: €23,915
- Accrued charges and deferred income +€16,720
new in 2025: €16,720
- Gross operating margin +€261,360
up €261,360 (+564%), from €46,357 to €307,716
- Staff costs +€64,513
up €64,513 (+244%), from €26,441 to €90,953
- Taxes +€60,310
up €60,310 (+1,502%), from €4,015 to €64,325
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,903 | €405,944 | +€374,041 | +1,172% |
| Fixed assets | 21/28 | - | €1,896 | +€1,896 | |
| Tangible fixed assets | 22/27 | - | €1,896 | +€1,896 | |
| Furniture and vehicles | 24 | - | €1,896 | +€1,896 | |
| Current assets | 29/58 | €31,903 | €404,048 | +€372,145 | +1,166% |
| Amounts receivable within one year | 40/41 | €10,777 | €311,512 | +€300,735 | +2,790% |
| Trade receivables | 40 | €8,070 | €304,058 | +€295,988 | +3,668% |
| Other amounts receivable | 41 | €2,707 | €7,454 | +€4,747 | +175% |
| Cash at bank and in hand | 54/58 | €21,126 | €92,536 | +€71,410 | +338% |
| Total equity and liabilities | 10/49 | €31,903 | €405,944 | +€374,041 | +1,172% |
| Equity | 10/15 | €17,201 | €168,885 | +€151,684 | +882% |
| Contributions | 10/11 | €1,350 | €1,350 | = | 0.0% |
| Reserves | 13 | - | €150,000 | +€150,000 | |
| Distributable reserves | 133 | - | €150,000 | +€150,000 | |
| Profit (loss) carried forward | 14 | €15,851 | €17,535 | +€1,684 | +10.6% |
| Amounts payable | 17/49 | €14,703 | €237,059 | +€222,357 | +1,512% |
| Amounts payable within one year | 42/48 | €14,703 | €220,340 | +€205,637 | +1,399% |
| Trade debts | 44 | €1,547 | €137,656 | +€136,109 | +8,799% |
| Suppliers | 440/4 | €1,547 | €137,656 | +€136,109 | +8,799% |
| Taxes, remuneration and social security | 45 | €13,156 | €58,769 | +€45,613 | +347% |
| Taxes | 450/3 | €4,194 | €39,890 | +€35,696 | +851% |
| Remuneration and social security | 454/9 | €8,961 | €18,879 | +€9,918 | +111% |
| Other amounts payable | 47/48 | - | €23,915 | +€23,915 | |
| Accrued charges and deferred income | 492/3 | - | €16,720 | +€16,720 | |
| Remuneration, social security and pensions | 62 | €26,441 | €90,953 | +€64,513 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €665 | +€665 | |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100% |
| Gross operating margin | 9900 | €46,357 | €307,716 | +€261,360 | +564% |
| Operating profit (loss) | 9901 | €19,866 | €216,098 | +€196,232 | +988% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | - | €92 | +€92 | |
| Recurring financial charges | 65 | - | €92 | +€92 | |
| Profit (loss) for the period before taxes | 9903 | €19,866 | €216,010 | +€196,144 | +987% |
| Income taxes | 67/77 | €4,015 | €64,325 | +€60,310 | +1,502% |
| Profit (loss) for the period | 9904 | €15,851 | €151,684 | +€135,834 | +857% |
| Profit (loss) for the period to be appropriated | 9905 | €15,851 | €151,684 | +€135,834 | +857% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.