MARCADIN: 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.
MARCADIN
Largest movements
- Cash +€25,179
up €25,179 (+1,196%), from €2,105 to €27,284
mainly Tax, wage and social debts (+€32,461) and Trade debts (+€16,869)
- Tangible fixed assets +€19,768
up €19,768 (+95.6%), from €20,671 to €40,439
- Receivables within one year +€8,338
up €8,338 (+30.7%), from €27,192 to €35,530
- Financial fixed assets +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Deferred charges and accrued income +€3,111
up €3,111 (+146%), from €2,131 to €5,242
- Tax, wage and social debts +€32,461
up €32,461 (+1,490%), from €2,179 to €34,640
of which Remuneration and social security: +€20,920
- Trade debts +€16,869
up €16,869 (+282%), from €5,979 to €22,848
- Other debts +€10,393
up €10,393 (+24.3%), from €42,814 to €53,207
- Profit (loss) carried forward +€1,674
up €1,674 (+32.7%), from €5,127 to €6,801
- Gross operating margin +€59,810
up €59,810 (+83.9%), from €71,259 to €131,069
- Staff costs +€46,155
up €46,155 (+115%), from €40,104 to €86,259
- Other operating charges +€11,288
up €11,288 (+79.6%), from €14,175 to €25,463
- Depreciation +€2,820
up €2,820 (+30.3%), from €9,312 to €12,132
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,099 | €122,495 | +€61,396 | +100% |
| Fixed assets | 21/28 | €29,671 | €54,439 | +€24,768 | +83.5% |
| Tangible fixed assets | 22/27 | €20,671 | €40,439 | +€19,768 | +95.6% |
| Furniture and vehicles | 24 | €20,671 | €40,439 | +€19,768 | +95.6% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €31,428 | €68,056 | +€36,628 | +117% |
| Amounts receivable within one year | 40/41 | €27,192 | €35,530 | +€8,338 | +30.7% |
| Trade receivables | 40 | €27,192 | €35,530 | +€8,338 | +30.7% |
| Cash at bank and in hand | 54/58 | €2,105 | €27,284 | +€25,179 | +1,196% |
| Deferred charges and accrued income | 490/1 | €2,131 | €5,242 | +€3,111 | +146% |
| Total equity and liabilities | 10/49 | €61,099 | €122,495 | +€61,396 | +100% |
| Equity | 10/15 | €10,127 | €11,801 | +€1,674 | +16.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,127 | €6,801 | +€1,674 | +32.7% |
| Amounts payable | 17/49 | €50,972 | €110,694 | +€59,722 | +117% |
| Amounts payable within one year | 42/48 | €50,972 | €110,694 | +€59,722 | +117% |
| Trade debts | 44 | €5,979 | €22,848 | +€16,869 | +282% |
| Suppliers | 440/4 | €5,979 | €22,848 | +€16,869 | +282% |
| Taxes, remuneration and social security | 45 | €2,179 | €34,640 | +€32,461 | +1,490% |
| Taxes | 450/3 | €1,636 | €13,177 | +€11,541 | +705% |
| Remuneration and social security | 454/9 | €543 | €21,463 | +€20,920 | +3,853% |
| Other amounts payable | 47/48 | €42,814 | €53,207 | +€10,393 | +24.3% |
| Remuneration, social security and pensions | 62 | €40,104 | €86,259 | +€46,155 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,312 | €12,132 | +€2,820 | +30.3% |
| Other operating charges | 640/8 | €14,175 | €25,463 | +€11,288 | +79.6% |
| Gross operating margin | 9900 | €71,259 | €131,069 | +€59,810 | +83.9% |
| Operating profit (loss) | 9901 | €7,668 | €7,215 | -€453 | -5.9% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.0% |
| Financial charges | 65/66B | €5,311 | €4,436 | -€875 | -16.5% |
| Recurring financial charges | 65 | €5,311 | €4,436 | -€875 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €2,361 | €2,779 | +€418 | +17.7% |
| Income taxes | 67/77 | €1,569 | €1,104 | -€465 | -29.6% |
| Profit (loss) for the period | 9904 | €792 | €1,675 | +€883 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €792 | €1,675 | +€883 | +111% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.