Anton Martin: 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.
Anton Martin
Largest movements
- Cash +€69,567
up €69,567 (+468%), from €14,860 to €84,427
mainly Net result for the year (+€74,210) and Depreciation (+€10,744)
- Receivables within one year +€3,341
up €3,341 (+10.3%), from €32,316 to €35,657
of which Other amounts receivable: +€2,880
- Profit (loss) carried forward +€74,210
up €74,210 (+284%), from €26,086 to €100,295
- Trade debts -€1,272
down €1,272 (-75.1%), from €1,694 to €423
- Gross operating margin +€73,273
up €73,273 (+221%), from €33,221 to €106,495
- Taxes +€14,159
up €14,159 (+199%), from €7,126 to €21,285
- Depreciation +€10,744
new in 2025: €10,744
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 | €47,176 | €121,081 | +€73,905 | +157% |
| Fixed assets | 21/28 | - | €997 | +€997 | |
| Tangible fixed assets | 22/27 | - | €997 | +€997 | |
| Furniture and vehicles | 24 | - | €997 | +€997 | |
| Current assets | 29/58 | €47,176 | €120,084 | +€72,908 | +155% |
| Amounts receivable within one year | 40/41 | €32,316 | €35,657 | +€3,341 | +10.3% |
| Trade receivables | 40 | €31,442 | €31,902 | +€460 | +1.5% |
| Other amounts receivable | 41 | €874 | €3,755 | +€2,880 | +329% |
| Cash at bank and in hand | 54/58 | €14,860 | €84,427 | +€69,567 | +468% |
| Total equity and liabilities | 10/49 | €47,176 | €121,081 | +€73,905 | +157% |
| Equity | 10/15 | €36,086 | €110,295 | +€74,210 | +206% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,086 | €100,295 | +€74,210 | +284% |
| Amounts payable | 17/49 | €11,090 | €10,786 | -€304 | -2.7% |
| Amounts payable within one year | 42/48 | €11,090 | €10,786 | -€304 | -2.7% |
| Trade debts | 44 | €1,694 | €423 | -€1,272 | -75.1% |
| Suppliers | 440/4 | €1,694 | €423 | -€1,272 | -75.1% |
| Taxes, remuneration and social security | 45 | €9,355 | €10,323 | +€968 | +10.3% |
| Taxes | 450/3 | €9,355 | €10,323 | +€968 | +10.3% |
| Other amounts payable | 47/48 | €40 | €40 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,744 | +€10,744 | |
| Other operating charges | 640/8 | - | €327 | +€327 | |
| Gross operating margin | 9900 | €33,221 | €106,495 | +€73,273 | +221% |
| Operating profit (loss) | 9901 | €33,221 | €95,424 | +€62,202 | +187% |
| Financial income | 75/76B | €0 | €132 | +€131 | +39,779% |
| Recurring financial income | 75 | €0 | €132 | +€131 | +39,779% |
| Financial charges | 65/66B | €10 | €61 | +€51 | +507% |
| Recurring financial charges | 65 | €10 | €61 | +€51 | +507% |
| Profit (loss) for the period before taxes | 9903 | €33,212 | €95,495 | +€62,283 | +188% |
| Income taxes | 67/77 | €7,126 | €21,285 | +€14,159 | +199% |
| Profit (loss) for the period | 9904 | €26,086 | €74,210 | +€48,124 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €26,086 | €74,210 | +€48,124 | +184% |
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 15 October 2026 via checked.be.