MARTECH INTERNATIONAL: 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.
MARTECH INTERNATIONAL
Largest movements
- Tangible fixed assets +€23,885
up €23,885 (+142%), from €16,778 to €40,663
of which Furniture and vehicles: +€24,594
- Cash +€22,062
up €22,062 (+966%), from €2,285 to €24,347
mainly Net result for the year (+€18,057) and Other debts (+€13,630)
- Receivables within one year -€13,566
down €13,566 (-41.8%), from €32,465 to €18,899
of which Trade receivables: -€11,750
- Deferred charges and accrued income +€3,154
up €3,154 (+322%), from €979 to €4,133
- Profit (loss) carried forward +€18,057
up €18,057 (+43.7%), from -€41,325 to -€23,268
- Other debts +€13,630
up €13,630 (+88.5%), from €15,400 to €29,030
- Tax, wage and social debts +€1,428
up €1,428 (+16.1%), from €8,854 to €10,282
- Accrued charges and deferred income +€1,297
up €1,297 (+36.8%), from €3,521 to €4,818
- Trade debts +€1,123
up €1,123 (+61.5%), from €1,826 to €2,949
- Depreciation +€4,637
up €4,637 (+77.8%), from €5,958 to €10,595
- Gross operating margin -€2,385
down €2,385 (-5.8%), from €40,860 to €38,475
- Taxes -€1,834
down €1,834 (-19.3%), from €9,494 to €7,660
- Financial charges -€669
down €669 (-28.4%), from €2,356 to €1,687
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 | €52,507 | €88,042 | +€35,535 | +67.7% |
| Fixed assets | 21/28 | €16,778 | €40,663 | +€23,885 | +142% |
| Tangible fixed assets | 22/27 | €16,778 | €40,663 | +€23,885 | +142% |
| Furniture and vehicles | 24 | €10,899 | €35,493 | +€24,594 | +226% |
| Other tangible fixed assets | 26 | €5,879 | €5,170 | -€709 | -12.1% |
| Current assets | 29/58 | €35,729 | €47,379 | +€11,650 | +32.6% |
| Amounts receivable within one year | 40/41 | €32,465 | €18,899 | -€13,566 | -41.8% |
| Trade receivables | 40 | €29,645 | €17,895 | -€11,750 | -39.6% |
| Other amounts receivable | 41 | €2,820 | €1,004 | -€1,816 | -64.4% |
| Cash at bank and in hand | 54/58 | €2,285 | €24,347 | +€22,062 | +966% |
| Deferred charges and accrued income | 490/1 | €979 | €4,133 | +€3,154 | +322% |
| Total equity and liabilities | 10/49 | €52,507 | €88,042 | +€35,535 | +67.7% |
| Equity | 10/15 | €22,906 | €40,963 | +€18,057 | +78.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,231 | €2,231 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,231 | €2,231 | = | 0.0% |
| Legal reserve | 130 | €2,231 | €2,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,325 | -€23,268 | +€18,057 | +43.7% |
| Amounts payable | 17/49 | €29,601 | €47,079 | +€17,478 | +59.0% |
| Amounts payable within one year | 42/48 | €26,080 | €42,261 | +€16,181 | +62.0% |
| Trade debts | 44 | €1,826 | €2,949 | +€1,123 | +61.5% |
| Suppliers | 440/4 | €1,826 | €2,949 | +€1,123 | +61.5% |
| Taxes, remuneration and social security | 45 | €8,854 | €10,282 | +€1,428 | +16.1% |
| Taxes | 450/3 | €8,854 | €10,282 | +€1,428 | +16.1% |
| Other amounts payable | 47/48 | €15,400 | €29,030 | +€13,630 | +88.5% |
| Accrued charges and deferred income | 492/3 | €3,521 | €4,818 | +€1,297 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,958 | €10,595 | +€4,637 | +77.8% |
| Other operating charges | 640/8 | €625 | €528 | -€97 | -15.5% |
| Gross operating margin | 9900 | €40,860 | €38,475 | -€2,385 | -5.8% |
| Operating profit (loss) | 9901 | €34,277 | €27,352 | -€6,925 | -20.2% |
| Financial income | 75/76B | €6 | €52 | +€46 | +767% |
| Recurring financial income | 75 | €6 | €52 | +€46 | +767% |
| Financial charges | 65/66B | €2,356 | €1,687 | -€669 | -28.4% |
| Recurring financial charges | 65 | €2,356 | €1,687 | -€669 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €31,927 | €25,717 | -€6,210 | -19.5% |
| Income taxes | 67/77 | €9,494 | €7,660 | -€1,834 | -19.3% |
| Profit (loss) for the period | 9904 | €22,433 | €18,057 | -€4,376 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,433 | €18,057 | -€4,376 | -19.5% |
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 28 October 2026 via checked.be.