Marteel: 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.
Marteel
Largest movements
- Receivables within one year +€99,631
up €99,631 (+205.8%), from €48,420 to €148,051
of which Trade receivables: +€107,776
- Stocks and contracts +€41,157
new in 2024: €41,157
- Tangible fixed assets -€14,361
down €14,361 (-22.3%), from €64,377 to €50,016
of which Furniture and vehicles: -€14,191
- Cash +€8,101
up €8,101 (+159.1%), from €5,091 to €13,191
mainly Trade debts (+€99,778) and Net result for the year (+€34,445)
- Trade debts +€99,778
up €99,778 (+134.9%), from €73,948 to €173,726
- Profit (loss) carried forward +€31,188
up €31,188, from -€31,188 to €0
- Debts after one year -€8,576
down €8,576 (-16.4%), from €52,188 to €43,612
- Other debts +€7,500
up €7,500 (+130.6%), from €5,744 to €13,244
- Reserves +€3,257
new in 2024: €3,257
- Gross operating margin +€72,415
up €72,415 (+118.3%), from €61,238 to €133,652
- Staff costs -€6,619
down €6,619 (-8.1%), from €82,125 to €75,506
- Depreciation +€5,932
up €5,932 (+70.4%), from €8,428 to €14,361
- Taxes +€4,478
new in 2024: €4,478
- Financial charges +€2,256
up €2,256 (+163.8%), from €1,377 to €3,634
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.
Cash bridge derived
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 | €121,488 | €256,016 | +€134,528 | +110.7% |
| Fixed assets | 21/28 | €67,977 | €53,616 | -€14,361 | -21.1% |
| Tangible fixed assets | 22/27 | €64,377 | €50,016 | -€14,361 | -22.3% |
| Plant, machinery and equipment | 23 | €763 | €593 | -€170 | -22.3% |
| Furniture and vehicles | 24 | €63,614 | €49,423 | -€14,191 | -22.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €53,511 | €202,400 | +€148,889 | +278.2% |
| Stocks and contracts in progress | 3 | - | €41,157 | +€41,157 | |
| Stocks | 30/36 | - | €41,157 | +€41,157 | |
| Amounts receivable within one year | 40/41 | €48,420 | €148,051 | +€99,631 | +205.8% |
| Trade receivables | 40 | €38,416 | €146,192 | +€107,776 | +280.5% |
| Other amounts receivable | 41 | €10,004 | €1,860 | -€8,145 | -81.4% |
| Cash at bank and in hand | 54/58 | €5,091 | €13,191 | +€8,101 | +159.1% |
| Total equity and liabilities | 10/49 | €121,488 | €256,016 | +€134,528 | +110.7% |
| Equity | 10/15 | -€26,188 | €8,257 | +€34,445 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €3,257 | +€3,257 | |
| Distributable reserves | 133 | - | €3,257 | +€3,257 | |
| Profit (loss) carried forward | 14 | -€31,188 | €0 | +€31,188 | |
| Amounts payable | 17/49 | €147,676 | €247,758 | +€100,083 | +67.8% |
| Amounts payable after more than one year | 17 | €52,188 | €43,612 | -€8,576 | -16.4% |
| Financial debts | 170/4 | €52,188 | €43,612 | -€8,576 | -16.4% |
| Amounts payable within one year | 42/48 | €95,487 | €204,146 | +€108,659 | +113.8% |
| Current portion of amounts payable after more than one year | 42 | €8,920 | €8,576 | -€344 | -3.9% |
| Trade debts | 44 | €73,948 | €173,726 | +€99,778 | +134.9% |
| Suppliers | 440/4 | €73,948 | €173,726 | +€99,778 | +134.9% |
| Taxes, remuneration and social security | 45 | €6,875 | €8,600 | +€1,724 | +25.1% |
| Taxes | 450/3 | €1,003 | €4,995 | +€3,992 | +398.0% |
| Remuneration and social security | 454/9 | €5,872 | €3,605 | -€2,267 | -38.6% |
| Other amounts payable | 47/48 | €5,744 | €13,244 | +€7,500 | +130.6% |
| Remuneration, social security and pensions | 62 | €82,125 | €75,506 | -€6,619 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,428 | €14,361 | +€5,932 | +70.4% |
| Other operating charges | 640/8 | €495 | €1,229 | +€734 | +148.1% |
| Gross operating margin | 9900 | €61,238 | €133,652 | +€72,415 | +118.3% |
| Operating profit (loss) | 9901 | -€29,811 | €42,557 | +€72,368 | |
| Financial charges | 65/66B | €1,377 | €3,634 | +€2,256 | +163.8% |
| Recurring financial charges | 65 | €1,377 | €3,634 | +€2,256 | +163.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,188 | €38,923 | +€70,111 | |
| Income taxes | 67/77 | - | €4,478 | +€4,478 | |
| Profit (loss) for the period | 9904 | -€31,188 | €34,445 | +€65,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,188 | €34,445 | +€65,633 |
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 12 October 2026 via checked.be.