BOETIEK MARTE: what changed
BOETIEK MARTE
Largest movements
- Stocks and contracts +€10,217
up €10,217 (+25.9%), from €39,400 to €49,617
- Deferred charges and accrued income -€6,906
down €6,906 (-80.6%), from €8,570 to €1,664
- Cash -€1,685
down €1,685 (-26.1%), from €6,463 to €4,779
mainly Net result for the year (-€12,920) and Stocks and contracts (-€10,217)
- Tangible fixed assets -€1,078
down €1,078 (-24.9%), from €4,330 to €3,252
of which Furniture and vehicles: -€774
- Short-term financial debts +€14,388
up €14,388 (+131%), from €10,976 to €25,364
- Profit (loss) carried forward -€12,920
down €12,920 (-118%), from -€10,960 to -€23,881
- Trade debts -€8,844
down €8,844 (-45.4%), from €19,466 to €10,622
- Accrued charges and deferred income +€4,323
new in 2025: €4,323
- Other debts +€2,800
up €2,800 (+135%), from €2,079 to €4,879
- Gross operating margin +€24,641
up €24,641, from -€3,081 to €21,560
- Staff costs +€21,166
up €21,166 (+692%), from €3,059 to €24,225
- Other operating charges +€3,234
up €3,234 (+357%), from €905 to €4,139
- Financial charges +€2,490
up €2,490 (+89.8%), from €2,773 to €5,263
- Financial income +€295
up €295 (+377%), from €78 to €373
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 | €58,996 | €59,544 | +€548 | +0.9% |
| Fixed assets | 21/28 | €4,330 | €3,252 | -€1,078 | -24.9% |
| Tangible fixed assets | 22/27 | €4,330 | €3,252 | -€1,078 | -24.9% |
| Plant, machinery and equipment | 23 | €1,236 | €931 | -€304 | -24.6% |
| Furniture and vehicles | 24 | €3,094 | €2,320 | -€774 | -25.0% |
| Current assets | 29/58 | €54,666 | €56,292 | +€1,626 | +3.0% |
| Stocks and contracts in progress | 3 | €39,400 | €49,617 | +€10,217 | +25.9% |
| Stocks | 30/36 | €39,400 | €49,617 | +€10,217 | +25.9% |
| Amounts receivable within one year | 40/41 | €233 | €233 | = | 0.0% |
| Other amounts receivable | 41 | €233 | €233 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,463 | €4,779 | -€1,685 | -26.1% |
| Deferred charges and accrued income | 490/1 | €8,570 | €1,664 | -€6,906 | -80.6% |
| Total equity and liabilities | 10/49 | €58,996 | €59,544 | +€548 | +0.9% |
| Equity | 10/15 | €16,567 | €3,647 | -€12,920 | -78.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,528 | €17,528 | = | 0.0% |
| Distributable reserves | 133 | €17,528 | €17,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,960 | -€23,881 | -€12,920 | -118% |
| Amounts payable | 17/49 | €42,429 | €55,897 | +€13,468 | +31.7% |
| Amounts payable within one year | 42/48 | €42,429 | €51,574 | +€9,145 | +21.6% |
| Financial debts | 43 | €10,976 | €25,364 | +€14,388 | +131% |
| Credit institutions | 430/8 | €10,976 | €25,364 | +€14,388 | +131% |
| Trade debts | 44 | €19,466 | €10,622 | -€8,844 | -45.4% |
| Suppliers | 440/4 | €19,466 | €10,622 | -€8,844 | -45.4% |
| Taxes, remuneration and social security | 45 | €9,909 | €10,710 | +€801 | +8.1% |
| Taxes | 450/3 | €7,546 | €7,312 | -€234 | -3.1% |
| Remuneration and social security | 454/9 | €2,363 | €3,398 | +€1,035 | +43.8% |
| Other amounts payable | 47/48 | €2,079 | €4,879 | +€2,800 | +135% |
| Accrued charges and deferred income | 492/3 | - | €4,323 | +€4,323 | |
| Remuneration, social security and pensions | 62 | €3,059 | €24,225 | +€21,166 | +692% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | €1,078 | +€19 | +1.8% |
| Other operating charges | 640/8 | €905 | €4,139 | +€3,234 | +357% |
| Gross operating margin | 9900 | -€3,081 | €21,560 | +€24,641 | |
| Operating profit (loss) | 9901 | -€8,105 | -€7,883 | +€221 | +2.7% |
| Financial income | 75/76B | €78 | €373 | +€295 | +377% |
| Recurring financial income | 75 | €78 | €373 | +€295 | +377% |
| Financial charges | 65/66B | €2,773 | €5,263 | +€2,490 | +89.8% |
| Recurring financial charges | 65 | €2,773 | €5,263 | +€2,490 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,799 | -€12,772 | -€1,973 | -18.3% |
| Income taxes | 67/77 | €161 | €148 | -€14 | -8.5% |
| Profit (loss) for the period | 9904 | -€10,960 | -€12,920 | -€1,960 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,960 | -€12,920 | -€1,960 | -17.9% |
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 3 November 2026 via checked.be.