MARQUANT: 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.
MARQUANT
Largest movements
- Cash +€40,304
up €40,304 (+16.0%), from €251,204 to €291,508
mainly Net result for the year (+€220,348) and Other debts (+€19,000)
- Tangible fixed assets -€5,232
down €5,232 (-59.7%), from €8,770 to €3,538
of which Furniture and vehicles: -€4,947
- Reserves +€20,348
up €20,348 (+37.4%), from €54,388 to €74,736
- Other debts +€19,000
up €19,000 (+10.0%), from €189,911 to €208,911
- Debts after one year -€9,711
down €9,711 (-100%), from €9,711 to €0
- Current portion of long-term debt +€7,789
up €7,789 (+373%), from €2,085 to €9,874
- Tax, wage and social debts -€4,375
down €4,375 (-26.2%), from €16,723 to €12,349
of which Taxes: -€3,248
- Staff costs -€12,593
down €12,593 (-10.9%), from €115,139 to €102,546
- Gross operating margin +€7,785
up €7,785 (+2.3%), from €333,914 to €341,699
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 | €302,002 | €338,867 | +€36,865 | +12.2% |
| Fixed assets | 21/28 | €9,514 | €4,281 | -€5,232 | -55.0% |
| Tangible fixed assets | 22/27 | €8,770 | €3,538 | -€5,232 | -59.7% |
| Plant, machinery and equipment | 23 | €286 | €0 | -€286 | -100% |
| Furniture and vehicles | 24 | €8,485 | €3,538 | -€4,947 | -58.3% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €292,488 | €334,585 | +€42,097 | +14.4% |
| Amounts receivable within one year | 40/41 | €41,284 | €43,078 | +€1,794 | +4.3% |
| Trade receivables | 40 | €40,105 | €43,078 | +€2,973 | +7.4% |
| Other amounts receivable | 41 | €1,180 | €0 | -€1,180 | -100% |
| Cash at bank and in hand | 54/58 | €251,204 | €291,508 | +€40,304 | +16.0% |
| Total equity and liabilities | 10/49 | €302,002 | €338,867 | +€36,865 | +12.2% |
| Equity | 10/15 | €72,988 | €93,336 | +€20,348 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,388 | €74,736 | +€20,348 | +37.4% |
| Distributable reserves | 133 | €54,388 | €74,736 | +€20,348 | +37.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €229,013 | €245,530 | +€16,517 | +7.2% |
| Amounts payable after more than one year | 17 | €9,711 | €0 | -€9,711 | -100% |
| Financial debts | 170/4 | €9,711 | €0 | -€9,711 | -100% |
| Amounts payable within one year | 42/48 | €210,886 | €235,131 | +€24,245 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €2,085 | €9,874 | +€7,789 | +373% |
| Trade debts | 44 | €2,166 | €3,997 | +€1,830 | +84.5% |
| Suppliers | 440/4 | €2,166 | €3,997 | +€1,830 | +84.5% |
| Taxes, remuneration and social security | 45 | €16,723 | €12,349 | -€4,375 | -26.2% |
| Taxes | 450/3 | €3,682 | €434 | -€3,248 | -88.2% |
| Remuneration and social security | 454/9 | €13,041 | €11,915 | -€1,126 | -8.6% |
| Other amounts payable | 47/48 | €189,911 | €208,911 | +€19,000 | +10.0% |
| Accrued charges and deferred income | 492/3 | €8,416 | €10,400 | +€1,984 | +23.6% |
| Remuneration, social security and pensions | 62 | €115,139 | €102,546 | -€12,593 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,265 | €5,232 | -€33 | -0.6% |
| Other operating charges | 640/8 | €5,344 | €2,282 | -€3,063 | -57.3% |
| Gross operating margin | 9900 | €333,914 | €341,699 | +€7,785 | +2.3% |
| Operating profit (loss) | 9901 | €208,166 | €231,639 | +€23,473 | +11.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €617 | €594 | -€23 | -3.7% |
| Recurring financial charges | 65 | €617 | €594 | -€23 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €207,551 | €231,044 | +€23,493 | +11.3% |
| Income taxes | 67/77 | €10,382 | €10,696 | +€314 | +3.0% |
| Profit (loss) for the period | 9904 | €197,169 | €220,348 | +€23,179 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €197,169 | €220,348 | +€23,179 | +11.8% |
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 29 October 2026 via checked.be.