HOLDING MARTENS TINE: what changed
Two fiscal 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.
What changed
HOLDING MARTENS TINE
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€59,810
2024 · €60,189-€379
Equity
€730,690
2024 · €670,881+€59,810
Cash
€32,913
2024 · €41,123-€8,210
Balance sheet total
€992,721
2024 · €985,090+€7,632
Largest movements
Assets
- Current investments +€11,961
up €11,961 (+393.6%), from €3,039 to €15,000
Equity and liabilities
- Reserves +€59,810
up €59,810 (+9.2%), from €652,281 to €712,090
- Debts after one year -€49,912
down €49,912 (-20.0%), from €249,831 to €199,919
Income statement
- Gross operating margin -€1,495
down €1,495 (-1.8%), from €81,445 to €79,951
- Financial charges -€820
down €820 (-23.4%), from €3,508 to €2,688
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.
Result 2024
€60,189
Gross operating margin
-€1,495
Other operating charges
+€154
Financial income
-€8
Financial charges
+€820
Taxes
+€149
Result 2025
€59,810
Cash bridge derived
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.
From operations
+€53,211
Investment
-€11,961
Financing
-€49,460
Cash 2024
€41,123
From operations (derived)
+€53,211
Net result for the year
+€59,810
Receivables within one year
-€3,782
Deferred charges and accrued income
-€99
Trade debts
+€725
Tax, wage and social debts
-€210
Other debts
-€3,436
Accrued charges and deferred income
+€204
Investment (derived)
-€11,961
Current investments
-€11,961
Financing
-€49,460
Debts after one year
-€49,912
Current portion of long-term debt
+€452
Cash 2025
€32,913
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €985,090 | €992,721 | +€7,632 | +0.8% |
| Fixed assets | 21/28 | €788,170 | €788,170 | = | 0.0% |
| Financial fixed assets | 28 | €788,170 | €788,170 | = | 0.0% |
| Current assets | 29/58 | €196,920 | €204,552 | +€7,632 | +3.9% |
| Amounts receivable within one year | 40/41 | €151,734 | €155,516 | +€3,782 | +2.5% |
| Trade receivables | 40 | €124 | €0 | -€124 | -100.0% |
| Other amounts receivable | 41 | €151,611 | €155,516 | +€3,905 | +2.6% |
| Current investments | 50/53 | €3,039 | €15,000 | +€11,961 | +393.6% |
| Cash at bank and in hand | 54/58 | €41,123 | €32,913 | -€8,210 | -20.0% |
| Deferred charges and accrued income | 490/1 | €1,023 | €1,123 | +€99 | +9.7% |
| Total equity and liabilities | 10/49 | €985,090 | €992,721 | +€7,632 | +0.8% |
| Equity | 10/15 | €670,881 | €730,690 | +€59,810 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €652,281 | €712,090 | +€59,810 | +9.2% |
| Distributable reserves | 133 | €652,281 | €712,090 | +€59,810 | +9.2% |
| Amounts payable | 17/49 | €314,209 | €262,031 | -€52,178 | -16.6% |
| Amounts payable after more than one year | 17 | €249,831 | €199,919 | -€49,912 | -20.0% |
| Financial debts | 170/4 | €249,831 | €199,919 | -€49,912 | -20.0% |
| Amounts payable within one year | 42/48 | €59,746 | €57,276 | -€2,470 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €49,460 | €49,912 | +€452 | +0.9% |
| Trade debts | 44 | €0 | €725 | +€725 | |
| Suppliers | 440/4 | €0 | €725 | +€725 | |
| Taxes, remuneration and social security | 45 | €5,845 | €5,634 | -€210 | -3.6% |
| Taxes | 450/3 | €5,845 | €5,634 | -€210 | -3.6% |
| Other amounts payable | 47/48 | €4,441 | €1,005 | -€3,436 | -77.4% |
| Accrued charges and deferred income | 492/3 | €4,632 | €4,835 | +€204 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,980 | €1,825 | -€154 | -7.8% |
| Gross operating margin | 9900 | €81,445 | €79,951 | -€1,495 | -1.8% |
| Operating profit (loss) | 9901 | €79,466 | €78,125 | -€1,340 | -1.7% |
| Financial income | 75/76B | €24 | €16 | -€8 | -33.0% |
| Recurring financial income | 75 | €24 | €16 | -€8 | -33.0% |
| Financial charges | 65/66B | €3,508 | €2,688 | -€820 | -23.4% |
| Recurring financial charges | 65 | €3,508 | €2,688 | -€820 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €75,982 | €75,454 | -€528 | -0.7% |
| Income taxes | 67/77 | €15,793 | €15,644 | -€149 | -0.9% |
| Profit (loss) for the period | 9904 | €60,189 | €59,810 | -€379 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,189 | €59,810 | -€379 | -0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.