MAARTENS MASTER KITCHEN: 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.
MAARTENS MASTER KITCHEN
Largest movements
- Tangible fixed assets +€567,881
up €567,881 (+517%), from €109,758 to €677,639
of which Land and buildings: +€430,798
- Cash +€31,997
up €31,997 (+161%), from €19,863 to €51,860
mainly Debts after one year (+€220,879) and Net result for the year (+€174,821)
- Receivables within one year +€14,664
up €14,664 (+81.8%), from €17,936 to €32,600
of which Other amounts receivable: +€18,776
- Debts after one year +€220,879
up €220,879 (+34.5%), from €639,670 to €860,549
of which Financial debts: +€373,228
- Reserves +€144,821
up €144,821 (+214%), from €67,558 to €212,379
- Current portion of long-term debt +€110,599
up €110,599 (+843%), from €13,122 to €123,721
- Tax, wage and social debts +€69,703
up €69,703 (+320%), from €21,763 to €91,466
of which Taxes: +€66,703
- Other debts +€51,449
up €51,449 (+125%), from €41,254 to €92,704
- Gross operating margin +€181,120
up €181,120 (+246%), from €73,625 to €254,746
- Taxes +€44,860
up €44,860 (+253%), from €17,743 to €62,603
- Depreciation +€34,182
up €34,182 (+278%), from €12,318 to €46,500
- Financial charges +€11,273
up €11,273 (+569%), from €1,982 to €13,256
- Financial income +€9,445
up €9,445 (+24.5%), from €38,576 to €48,021
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 | €808,369 | €1,423,494 | +€615,125 | +76.1% |
| Fixed assets | 21/28 | €768,151 | €1,336,033 | +€567,881 | +73.9% |
| Tangible fixed assets | 22/27 | €109,758 | €677,639 | +€567,881 | +517% |
| Land and buildings | 22 | €82,110 | €512,907 | +€430,798 | +525% |
| Plant, machinery and equipment | 23 | €3,448 | €142,437 | +€138,989 | +4,031% |
| Furniture and vehicles | 24 | €3,399 | €6,616 | +€3,218 | +94.7% |
| Leasing and similar rights | 25 | €20,801 | €15,678 | -€5,123 | -24.6% |
| Financial fixed assets | 28 | €658,394 | €658,394 | = | 0.0% |
| Current assets | 29/58 | €40,218 | €87,461 | +€47,243 | +117% |
| Amounts receivable within one year | 40/41 | €17,936 | €32,600 | +€14,664 | +81.8% |
| Trade receivables | 40 | €10,066 | €5,954 | -€4,112 | -40.8% |
| Other amounts receivable | 41 | €7,871 | €26,646 | +€18,776 | +239% |
| Cash at bank and in hand | 54/58 | €19,863 | €51,860 | +€31,997 | +161% |
| Deferred charges and accrued income | 490/1 | €2,419 | €3,001 | +€582 | +24.1% |
| Total equity and liabilities | 10/49 | €808,369 | €1,423,494 | +€615,125 | +76.1% |
| Equity | 10/15 | €77,558 | €222,379 | +€144,821 | +187% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €67,558 | €212,379 | +€144,821 | +214% |
| Distributable reserves | 133 | €67,558 | €212,379 | +€144,821 | +214% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €730,811 | €1,201,115 | +€470,304 | +64.4% |
| Amounts payable after more than one year | 17 | €639,670 | €860,549 | +€220,879 | +34.5% |
| Financial debts | 170/4 | €91,216 | €464,443 | +€373,228 | +409% |
| Other amounts payable | 178/9 | €548,454 | €396,106 | -€152,348 | -27.8% |
| Amounts payable within one year | 42/48 | €91,141 | €340,566 | +€249,424 | +274% |
| Current portion of amounts payable after more than one year | 42 | €13,122 | €123,721 | +€110,599 | +843% |
| Financial debts | 43 | €607 | €614 | +€7 | +1.2% |
| Credit institutions | 430/8 | €607 | €614 | +€7 | +1.2% |
| Trade debts | 44 | €5,835 | €32,061 | +€26,226 | +449% |
| Suppliers | 440/4 | €5,835 | €32,061 | +€26,226 | +449% |
| Advances received on contracts in progress | 46 | €8,560 | €0 | -€8,560 | -100% |
| Taxes, remuneration and social security | 45 | €21,763 | €91,466 | +€69,703 | +320% |
| Taxes | 450/3 | €21,763 | €88,466 | +€66,703 | +307% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €41,254 | €92,704 | +€51,449 | +125% |
| Remuneration, social security and pensions | 62 | - | €1,790 | +€1,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,318 | €46,500 | +€34,182 | +278% |
| Other operating charges | 640/8 | €3,554 | €3,797 | +€243 | +6.8% |
| Gross operating margin | 9900 | €73,625 | €254,746 | +€181,120 | +246% |
| Operating profit (loss) | 9901 | €57,754 | €202,659 | +€144,905 | +251% |
| Financial income | 75/76B | €38,576 | €48,021 | +€9,445 | +24.5% |
| Recurring financial income | 75 | €38,576 | €48,021 | +€9,445 | +24.5% |
| Financial charges | 65/66B | €1,982 | €13,256 | +€11,273 | +569% |
| Recurring financial charges | 65 | €1,982 | €13,256 | +€11,273 | +569% |
| Profit (loss) for the period before taxes | 9903 | €94,348 | €237,424 | +€143,076 | +152% |
| Income taxes | 67/77 | €17,743 | €62,603 | +€44,860 | +253% |
| Profit (loss) for the period | 9904 | €76,605 | €174,821 | +€98,216 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €76,605 | €174,821 | +€98,216 | +128% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.