GREGORY MARTENS SERVICES: 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.
GREGORY MARTENS SERVICES
Largest movements
- Receivables within one year +€5,434
up €5,434 (+44.4%), from €12,227 to €17,662
of which Trade receivables: +€11,853
- Stocks and contracts +€3,151
new in 2024: €3,151
- Tangible fixed assets +€2,752
up €2,752 (+22.2%), from €12,402 to €15,154
- Deferred charges and accrued income -€1,821
down €1,821 (-33.6%), from €5,425 to €3,605
- Trade debts +€15,809
up €15,809 (+558%), from €2,833 to €18,642
- Profit (loss) carried forward -€9,633
down €9,633 (-1,154%), from -€835 to -€10,468
- Other debts +€3,018
new in 2024: €3,018
- Debts after one year -€2,855
down €2,855 (-23.7%), from €12,068 to €9,214
- Current portion of long-term debt +€2,507
up €2,507 (+92.5%), from €2,712 to €5,219
- Gross operating margin -€8,742
down €8,742, from €6,364 to -€2,378
- Depreciation -€981
down €981 (-17.7%), from €5,548 to €4,567
- Financial charges +€731
up €731 (+223%), from €328 to €1,060
- Taxes -€656
down €656 (-74.3%), from €883 to €227
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,977 | €52,552 | +€9,575 | +22.3% |
| Fixed assets | 21/28 | €22,402 | €25,154 | +€2,752 | +12.3% |
| Intangible fixed assets | 21 | €10,000 | €10,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,402 | €15,154 | +€2,752 | +22.2% |
| Plant, machinery and equipment | 23 | €2,296 | €2,923 | +€627 | +27.3% |
| Furniture and vehicles | 24 | €373 | €1,580 | +€1,208 | +324% |
| Other tangible fixed assets | 26 | €9,733 | €10,650 | +€917 | +9.4% |
| Current assets | 29/58 | €20,575 | €27,398 | +€6,823 | +33.2% |
| Stocks and contracts in progress | 3 | - | €3,151 | +€3,151 | |
| Stocks | 30/36 | - | €3,151 | +€3,151 | |
| Amounts receivable within one year | 40/41 | €12,227 | €17,662 | +€5,434 | +44.4% |
| Trade receivables | 40 | €5,809 | €17,662 | +€11,853 | +204% |
| Other amounts receivable | 41 | €6,418 | - | -€6,418 | |
| Cash at bank and in hand | 54/58 | €2,923 | €2,981 | +€58 | +2.0% |
| Deferred charges and accrued income | 490/1 | €5,425 | €3,605 | -€1,821 | -33.6% |
| Total equity and liabilities | 10/49 | €42,977 | €52,552 | +€9,575 | +22.3% |
| Equity | 10/15 | €23,955 | €14,322 | -€9,633 | -40.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€835 | -€10,468 | -€9,633 | -1,154% |
| Amounts payable | 17/49 | €19,023 | €38,230 | +€19,208 | +101% |
| Amounts payable after more than one year | 17 | €12,068 | €9,214 | -€2,855 | -23.7% |
| Financial debts | 170/4 | €12,068 | €9,214 | -€2,855 | -23.7% |
| Amounts payable within one year | 42/48 | €6,955 | €28,868 | +€21,914 | +315% |
| Current portion of amounts payable after more than one year | 42 | €2,712 | €5,219 | +€2,507 | +92.5% |
| Trade debts | 44 | €2,833 | €18,642 | +€15,809 | +558% |
| Suppliers | 440/4 | €2,833 | €18,642 | +€15,809 | +558% |
| Taxes, remuneration and social security | 45 | €1,410 | €1,989 | +€579 | +41.1% |
| Taxes | 450/3 | €1,410 | €1,989 | +€579 | +41.1% |
| Other amounts payable | 47/48 | - | €3,018 | +€3,018 | |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Non-recurring operating income | 76A | €2,658 | €61 | -€2,597 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,548 | €4,567 | -€981 | -17.7% |
| Other operating charges | 640/8 | €1,352 | €1,414 | +€62 | +4.6% |
| Gross operating margin | 9900 | €6,364 | -€2,378 | -€8,742 | |
| Operating profit (loss) | 9901 | -€537 | -€8,359 | -€7,823 | -1,457% |
| Financial income | 75/76B | €16 | €13 | -€3 | -16.1% |
| Recurring financial income | 75 | €16 | €13 | -€3 | -16.1% |
| Financial charges | 65/66B | €328 | €1,060 | +€731 | +223% |
| Recurring financial charges | 65 | €328 | €1,060 | +€731 | +223% |
| Profit (loss) for the period before taxes | 9903 | -€850 | -€9,406 | -€8,556 | -1,007% |
| Income taxes | 67/77 | €883 | €227 | -€656 | -74.3% |
| Profit (loss) for the period | 9904 | -€1,733 | -€9,633 | -€7,900 | -456% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,733 | -€9,633 | -€7,900 | -456% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.