D & C MARTENS: 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.
D & C MARTENS
Largest movements
- Current investments +€8,000
up €8,000 (+10.7%), from €75,000 to €83,000
- Tangible fixed assets -€7,557
down €7,557 (-2.2%), from €347,468 to €339,912
- Accrued charges and deferred income +€6,147
up €6,147 (+34.0%), from €18,059 to €24,206
- Financial charges +€2,887
up €2,887 (+23.9%), from €12,089 to €14,976
- Financial income +€1,379
new in 2025: €1,379
- Gross operating margin +€1,234
up €1,234 (+7.0%), from €17,607 to €18,841
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 | €432,573 | €434,471 | +€1,898 | +0.4% |
| Fixed assets | 21/28 | €347,468 | €339,912 | -€7,557 | -2.2% |
| Tangible fixed assets | 22/27 | €347,468 | €339,912 | -€7,557 | -2.2% |
| Land and buildings | 22 | €347,468 | €339,912 | -€7,557 | -2.2% |
| Current assets | 29/58 | €85,105 | €94,559 | +€9,454 | +11.1% |
| Amounts receivable within one year | 40/41 | €296 | €296 | = | 0.0% |
| Other amounts receivable | 41 | €296 | €296 | = | 0.0% |
| Current investments | 50/53 | €75,000 | €83,000 | +€8,000 | +10.7% |
| Cash at bank and in hand | 54/58 | €8,512 | €10,354 | +€1,841 | +21.6% |
| Deferred charges and accrued income | 490/1 | €1,296 | €909 | -€387 | -29.8% |
| Total equity and liabilities | 10/49 | €432,573 | €434,471 | +€1,898 | +0.4% |
| Equity | 10/15 | €221,870 | €217,621 | -€4,249 | -1.9% |
| Contributions | 10/11 | €264,600 | €264,600 | = | 0.0% |
| Reserves | 13 | €1,078 | €1,078 | = | 0.0% |
| Distributable reserves | 133 | €1,078 | €1,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,808 | -€48,057 | -€4,249 | -9.7% |
| Amounts payable | 17/49 | €210,703 | €216,850 | +€6,147 | +2.9% |
| Amounts payable after more than one year | 17 | €819 | €819 | = | 0.0% |
| Other amounts payable | 178/9 | €819 | €819 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,826 | €191,826 | = | 0.0% |
| Other amounts payable | 47/48 | €191,826 | €191,826 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,059 | €24,206 | +€6,147 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,557 | €7,557 | = | 0.0% |
| Other operating charges | 640/8 | €1,875 | €1,938 | +€63 | +3.4% |
| Gross operating margin | 9900 | €17,607 | €18,841 | +€1,234 | +7.0% |
| Operating profit (loss) | 9901 | €8,176 | €9,347 | +€1,171 | +14.3% |
| Financial income | 75/76B | - | €1,379 | +€1,379 | |
| Recurring financial income | 75 | - | €1,379 | +€1,379 | |
| Financial charges | 65/66B | €12,089 | €14,976 | +€2,887 | +23.9% |
| Recurring financial charges | 65 | €12,089 | €14,976 | +€2,887 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,914 | -€4,249 | -€336 | -8.6% |
| Profit (loss) for the period | 9904 | -€3,914 | -€4,249 | -€336 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,914 | -€4,249 | -€336 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.