A. Martins: 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.
A. Martins
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€412,568
down €412,568 (-15.8%), from -€2.6m to -€3.0m
- Other debts +€264,450
up €264,450 (+15.5%), from €1.7m to €2.0m
- Trade debts +€196,050
up €196,050 (+48.8%), from €401,627 to €597,677
- Current portion of long-term debt -€75,000
down €75,000 (-4.2%), from €1.8m to €1.7m
- Gross operating margin +€306,634
up €306,634 (+81.1%), from -€378,056 to -€71,422
- Purchases and services -€293,269
down €293,269 (-68.5%), from €428,363 to €135,094
- Other operating charges +€62,476
up €62,476 (+61.2%), from €102,042 to €164,519
- Financial charges -€19,836
down €19,836 (-10.1%), from €196,547 to €176,711
of which Financial charges: -€31,790
- Turnover +€13,365
up €13,365 (+26.6%), from €50,307 to €63,672
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,028,860 | €3,001,792 | -€27,068 | -0.9% |
| Current assets | 29/58 | €3,028,860 | €3,001,792 | -€27,068 | -0.9% |
| Stocks and contracts in progress | 3 | €2,935,000 | €2,930,000 | -€5,000 | -0.2% |
| Stocks | 30/36 | €2,935,000 | €2,930,000 | -€5,000 | -0.2% |
| Amounts receivable within one year | 40/41 | €53,430 | €25,219 | -€28,211 | -52.8% |
| Trade receivables | 40 | €7,675 | €7,257 | -€417 | -5.4% |
| Other amounts receivable | 41 | €45,756 | €17,962 | -€27,794 | -60.7% |
| Cash at bank and in hand | 54/58 | €38,374 | €44,156 | +€5,782 | +15.1% |
| Deferred charges and accrued income | 490/1 | €2,056 | €2,416 | +€361 | +17.5% |
| Total equity and liabilities | 10/49 | €3,028,860 | €3,001,792 | -€27,068 | -0.9% |
| Equity | 10/15 | -€882,936 | -€1,295,504 | -€412,568 | -46.7% |
| Contributions | 10/11 | €1,725,000 | €1,725,000 | = | 0.0% |
| Capital | 10 | €1,725,000 | €1,725,000 | = | 0.0% |
| Issued capital | 100 | €1,725,000 | €1,725,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,607,936 | -€3,020,504 | -€412,568 | -15.8% |
| Amounts payable | 17/49 | €3,911,796 | €4,297,296 | +€385,500 | +9.9% |
| Amounts payable within one year | 42/48 | €3,911,796 | €4,297,296 | +€385,500 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €1,800,000 | €1,725,000 | -€75,000 | -4.2% |
| Trade debts | 44 | €401,627 | €597,677 | +€196,050 | +48.8% |
| Suppliers | 440/4 | €401,627 | €597,677 | +€196,050 | +48.8% |
| Other amounts payable | 47/48 | €1,710,169 | €1,974,618 | +€264,450 | +15.5% |
| Turnover | 70 | €50,307 | €63,672 | +€13,365 | +26.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €428,363 | €135,094 | -€293,269 | -68.5% |
| Other operating charges | 640/8 | €102,042 | €164,519 | +€62,476 | +61.2% |
| Gross operating margin | 9900 | -€378,056 | -€71,422 | +€306,634 | +81.1% |
| Operating profit (loss) | 9901 | -€480,099 | -€235,941 | +€244,157 | +50.9% |
| Financial income | 75/76B | - | €85 | +€85 | |
| Recurring financial income | 75 | - | €85 | +€85 | |
| Financial charges | 65/66B | €196,547 | €176,711 | -€19,836 | -10.1% |
| Recurring financial charges | 65 | €195,922 | €164,132 | -€31,790 | -16.2% |
| Non-recurring financial charges | 66B | €625 | €12,579 | +€11,954 | +1,913% |
| Profit (loss) for the period before taxes | 9903 | -€676,646 | -€412,568 | +€264,078 | +39.0% |
| Income taxes | 67/77 | €6,020 | - | -€6,020 | |
| Profit (loss) for the period | 9904 | -€682,666 | -€412,568 | +€270,098 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€682,666 | -€412,568 | +€270,098 | +39.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.