DE MARTELAAR: 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.
DE MARTELAAR
Largest movements
- Cash -€118,149
down €118,149 (-45.4%), from €260,163 to €142,014
mainly Other debts (-€85,814) and Debts after one year (-€36,397)
- Tangible fixed assets -€11,051
down €11,051 (-1.7%), from €654,831 to €643,780
- Other debts -€85,814
down €85,814 (-32.5%), from €264,038 to €178,224
- Debts after one year -€36,397
down €36,397 (-33.2%), from €109,779 to €73,381
- Gross operating margin -€21,399
down €21,399 (-57.7%), from €37,071 to €15,672
- Taxes -€4,936
down €4,936 (-100%), from €4,936 to €0
- Other operating charges -€1,852
down €1,852 (-29.9%), from €6,183 to €4,331
- Financial charges -€917
down €917 (-13.8%), from €6,622 to €5,705
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 | €957,024 | €826,516 | -€130,509 | -13.6% |
| Fixed assets | 21/28 | €654,831 | €643,780 | -€11,051 | -1.7% |
| Tangible fixed assets | 22/27 | €654,831 | €643,780 | -€11,051 | -1.7% |
| Land and buildings | 22 | €654,831 | €643,780 | -€11,051 | -1.7% |
| Current assets | 29/58 | €302,193 | €182,735 | -€119,458 | -39.5% |
| Amounts receivable within one year | 40/41 | €42,031 | €40,721 | -€1,309 | -3.1% |
| Other amounts receivable | 41 | €42,031 | €40,721 | -€1,309 | -3.1% |
| Cash at bank and in hand | 54/58 | €260,163 | €142,014 | -€118,149 | -45.4% |
| Total equity and liabilities | 10/49 | €957,024 | €826,516 | -€130,509 | -13.6% |
| Equity | 10/15 | €543,444 | €538,029 | -€5,415 | -1.0% |
| Contributions | 10/11 | €147,808 | €147,808 | = | 0.0% |
| Revaluation surpluses | 12 | €315,683 | €315,683 | = | 0.0% |
| Reserves | 13 | €36,124 | €36,124 | = | 0.0% |
| Distributable reserves | 133 | €36,124 | €36,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,829 | €38,413 | -€5,415 | -12.4% |
| Amounts payable | 17/49 | €413,580 | €288,487 | -€125,093 | -30.2% |
| Amounts payable after more than one year | 17 | €109,779 | €73,381 | -€36,397 | -33.2% |
| Financial debts | 170/4 | €109,779 | €73,381 | -€36,397 | -33.2% |
| Amounts payable within one year | 42/48 | €303,802 | €215,105 | -€88,696 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €34,828 | €36,748 | +€1,920 | +5.5% |
| Trade debts | 44 | €0 | €133 | +€133 | |
| Suppliers | 440/4 | €0 | €133 | +€133 | |
| Taxes, remuneration and social security | 45 | €4,936 | €0 | -€4,936 | -100% |
| Taxes | 450/3 | €4,936 | €0 | -€4,936 | -100% |
| Other amounts payable | 47/48 | €264,038 | €178,224 | -€85,814 | -32.5% |
| Non-recurring operating income | 76A | €11,257 | €0 | -€11,257 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,051 | €11,051 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,183 | €4,331 | -€1,852 | -29.9% |
| Gross operating margin | 9900 | €37,071 | €15,672 | -€21,399 | -57.7% |
| Operating profit (loss) | 9901 | €19,838 | €290 | -€19,548 | -98.5% |
| Financial charges | 65/66B | €6,622 | €5,705 | -€917 | -13.8% |
| Recurring financial charges | 65 | €6,622 | €5,705 | -€917 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €13,216 | -€5,415 | -€18,631 | |
| Income taxes | 67/77 | €4,936 | €0 | -€4,936 | -100% |
| Profit (loss) for the period | 9904 | €8,280 | -€5,415 | -€13,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,280 | -€5,415 | -€13,695 |
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 22 October 2026 via checked.be.