Firma Maerten: 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.
Firma Maerten
Largest movements
- Receivables within one year -€10,466
down €10,466 (-31.8%), from €32,860 to €22,394
of which Trade receivables: -€6,093
- Cash +€8,227
up €8,227 (+22.9%), from €36,003 to €44,230
mainly Receivables within one year (+€10,466) and Net result for the year (+€9,659)
- Tangible fixed assets -€1,700
down €1,700 (-59.0%), from €2,880 to €1,180
of which Plant, machinery and equipment: -€1,289
- Other debts -€14,149
down €14,149 (-26.1%), from €54,222 to €40,073
- Reserves +€6,237
up €6,237 (+1,750%), from €356 to €6,593
of which Distributable reserves: +€6,237
- Profit (loss) carried forward +€3,422
no longer reported in 2025 (was -€3,422)
- Trade debts -€1,778
down €1,778 (-23.4%), from €7,601 to €5,823
- Tax, wage and social debts +€1,681
new in 2025: €1,681
- Gross operating margin +€16,913
up €16,913, from -€2,747 to €14,167
- Taxes +€1,613
new in 2025: €1,613
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 | €72,392 | €67,804 | -€4,588 | -6.3% |
| Fixed assets | 21/28 | €2,880 | €1,180 | -€1,700 | -59.0% |
| Tangible fixed assets | 22/27 | €2,880 | €1,180 | -€1,700 | -59.0% |
| Plant, machinery and equipment | 23 | €2,381 | €1,091 | -€1,289 | -54.2% |
| Furniture and vehicles | 24 | €499 | €89 | -€410 | -82.2% |
| Current assets | 29/58 | €69,512 | €66,624 | -€2,888 | -4.2% |
| Stocks and contracts in progress | 3 | €650 | - | -€650 | |
| Stocks | 30/36 | €650 | - | -€650 | |
| Amounts receivable within one year | 40/41 | €32,860 | €22,394 | -€10,466 | -31.8% |
| Trade receivables | 40 | €25,031 | €18,938 | -€6,093 | -24.3% |
| Other amounts receivable | 41 | €7,829 | €3,456 | -€4,372 | -55.8% |
| Cash at bank and in hand | 54/58 | €36,003 | €44,230 | +€8,227 | +22.9% |
| Total equity and liabilities | 10/49 | €72,392 | €67,804 | -€4,588 | -6.3% |
| Equity | 10/15 | €10,569 | €20,227 | +€9,659 | +91.4% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Reserves | 13 | €356 | €6,593 | +€6,237 | +1,750% |
| Tax-exempt reserves | 132 | €356 | €356 | = | 0.0% |
| Distributable reserves | 133 | - | €6,237 | +€6,237 | |
| Profit (loss) carried forward | 14 | -€3,422 | - | +€3,422 | |
| Amounts payable | 17/49 | €61,823 | €47,577 | -€14,246 | -23.0% |
| Amounts payable within one year | 42/48 | €61,823 | €47,577 | -€14,246 | -23.0% |
| Trade debts | 44 | €7,601 | €5,823 | -€1,778 | -23.4% |
| Suppliers | 440/4 | €7,601 | €5,823 | -€1,778 | -23.4% |
| Taxes, remuneration and social security | 45 | - | €1,681 | +€1,681 | |
| Taxes | 450/3 | - | €1,681 | +€1,681 | |
| Other amounts payable | 47/48 | €54,222 | €40,073 | -€14,149 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,700 | = | 0.0% |
| Other operating charges | 640/8 | €1,064 | €1,123 | +€59 | +5.5% |
| Gross operating margin | 9900 | -€2,747 | €14,167 | +€16,913 | |
| Operating profit (loss) | 9901 | -€5,511 | €11,343 | +€16,854 | |
| Financial charges | 65/66B | €61 | €72 | +€11 | +18.3% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,572 | €11,271 | +€16,843 | |
| Income taxes | 67/77 | - | €1,613 | +€1,613 | |
| Profit (loss) for the period | 9904 | -€5,572 | €9,659 | +€15,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,572 | €9,659 | +€15,230 |
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 20 October 2026 via checked.be.