Martel IT Consulting: 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.
Martel IT Consulting
Largest movements
- Receivables within one year +€6,151
up €6,151 (+22.1%), from €27,892 to €34,044
of which Trade receivables: +€5,249
- Tangible fixed assets -€2,189
down €2,189 (-46.3%), from €4,724 to €2,535
- Deferred charges and accrued income -€1,058
down €1,058 (-100%), from €1,058 to €0
- Cash +€825
up €825 (+3.1%), from €26,660 to €27,485
mainly Net result for the year (+€55,624) and Other debts (+€11,833)
- Other debts +€11,833
up €11,833 (+29.6%), from €40,000 to €51,833
- Profit (loss) carried forward -€5,042
down €5,042 (-100%), from €5,042 to €0
- Tax, wage and social debts -€4,651
down €4,651 (-45.5%), from €10,224 to €5,573
of which Taxes: -€4,651
- Trade debts +€1,589
up €1,589 (+2,321%), from €68 to €1,658
- Depreciation -€2,429
down €2,429 (-65.7%), from €3,697 to €1,268
- Gross operating margin +€2,042
up €2,042 (+2.9%), from €70,105 to €72,147
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 | €60,335 | €64,064 | +€3,729 | +6.2% |
| Fixed assets | 21/28 | €4,724 | €2,535 | -€2,189 | -46.3% |
| Tangible fixed assets | 22/27 | €4,724 | €2,535 | -€2,189 | -46.3% |
| Furniture and vehicles | 24 | €4,724 | €2,535 | -€2,189 | -46.3% |
| Current assets | 29/58 | €55,610 | €61,529 | +€5,918 | +10.6% |
| Amounts receivable within one year | 40/41 | €27,892 | €34,044 | +€6,151 | +22.1% |
| Trade receivables | 40 | €27,770 | €33,018 | +€5,249 | +18.9% |
| Other amounts receivable | 41 | €123 | €1,025 | +€902 | +734% |
| Cash at bank and in hand | 54/58 | €26,660 | €27,485 | +€825 | +3.1% |
| Deferred charges and accrued income | 490/1 | €1,058 | €0 | -€1,058 | -100% |
| Total equity and liabilities | 10/49 | €60,335 | €64,064 | +€3,729 | +6.2% |
| Equity | 10/15 | €10,042 | €5,000 | -€5,042 | -50.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,042 | €0 | -€5,042 | -100% |
| Amounts payable | 17/49 | €50,292 | €59,064 | +€8,771 | +17.4% |
| Amounts payable within one year | 42/48 | €50,292 | €59,064 | +€8,771 | +17.4% |
| Trade debts | 44 | €68 | €1,658 | +€1,589 | +2,321% |
| Suppliers | 440/4 | €68 | €1,658 | +€1,589 | +2,321% |
| Taxes, remuneration and social security | 45 | €10,224 | €5,573 | -€4,651 | -45.5% |
| Taxes | 450/3 | €10,224 | €5,573 | -€4,651 | -45.5% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €40,000 | €51,833 | +€11,833 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,697 | €1,268 | -€2,429 | -65.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €70,105 | €72,147 | +€2,042 | +2.9% |
| Operating profit (loss) | 9901 | €66,021 | €70,480 | +€4,459 | +6.8% |
| Financial charges | 65/66B | €42 | €761 | +€718 | +1,696% |
| Recurring financial charges | 65 | €42 | €761 | +€718 | +1,696% |
| Profit (loss) for the period before taxes | 9903 | €65,978 | €69,719 | +€3,741 | +5.7% |
| Income taxes | 67/77 | €13,877 | €14,095 | +€218 | +1.6% |
| Profit (loss) for the period | 9904 | €52,101 | €55,624 | +€3,523 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,101 | €55,624 | +€3,523 | +6.8% |
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 24 October 2026 via checked.be.