Markova: what changed
Markova
Largest movements
- Cash +€52,901
up €52,901 (+69.4%), from €76,192 to €129,093
mainly Net result for the year (+€64,793) and Tax, wage and social debts (+€2,253)
- Receivables within one year +€13,988
up €13,988 (+318%), from €4,403 to €18,391
- Profit (loss) carried forward +€64,793
up €64,793 (+109%), from €59,360 to €124,153
- Tax, wage and social debts +€2,253
up €2,253 (+10.7%), from €20,978 to €23,231
- Gross operating margin +€6,137
up €6,137 (+8.2%), from €74,543 to €80,680
- Taxes +€1,217
up €1,217 (+7.9%), from €15,313 to €16,530
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 | €80,595 | €147,484 | +€66,889 | +83.0% |
| Current assets | 29/58 | €80,595 | €147,484 | +€66,889 | +83.0% |
| Amounts receivable within one year | 40/41 | €4,403 | €18,391 | +€13,988 | +318% |
| Other amounts receivable | 41 | €4,403 | €18,391 | +€13,988 | +318% |
| Cash at bank and in hand | 54/58 | €76,192 | €129,093 | +€52,901 | +69.4% |
| Total equity and liabilities | 10/49 | €80,595 | €147,484 | +€66,889 | +83.0% |
| Equity | 10/15 | €59,460 | €124,253 | +€64,793 | +109% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,360 | €124,153 | +€64,793 | +109% |
| Amounts payable | 17/49 | €21,135 | €23,231 | +€2,096 | +9.9% |
| Amounts payable within one year | 42/48 | €21,135 | €23,231 | +€2,096 | +9.9% |
| Trade debts | 44 | €157 | - | -€157 | |
| Suppliers | 440/4 | €157 | - | -€157 | |
| Taxes, remuneration and social security | 45 | €20,978 | €23,231 | +€2,253 | +10.7% |
| Taxes | 450/3 | €20,978 | €23,231 | +€2,253 | +10.7% |
| Gross operating margin | 9900 | €74,543 | €80,680 | +€6,137 | +8.2% |
| Operating profit (loss) | 9901 | €74,543 | €80,680 | +€6,137 | +8.2% |
| Financial income | 75/76B | €177 | €828 | +€651 | +368% |
| Recurring financial income | 75 | €177 | €828 | +€651 | +368% |
| Financial charges | 65/66B | €47 | €185 | +€138 | +294% |
| Recurring financial charges | 65 | €47 | €185 | +€138 | +294% |
| Profit (loss) for the period before taxes | 9903 | €74,673 | €81,323 | +€6,650 | +8.9% |
| Income taxes | 67/77 | €15,313 | €16,530 | +€1,217 | +7.9% |
| Profit (loss) for the period | 9904 | €59,360 | €64,793 | +€5,433 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,360 | €64,793 | +€5,433 | +9.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.