MARTEMIL2: 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.
MARTEMIL2
Largest movements
- Receivables within one year +€106,638
up €106,638 (+499.2%), from €21,362 to €128,000
of which Other amounts receivable: +€77,145
- Cash -€99,481
down €99,481 (-95.9%), from €103,691 to €4,209
mainly Receivables within one year (-€106,638) and Trade debts (-€4,644)
- Profit (loss) carried forward +€6,227
up €6,227 (+20.5%), from €30,344 to €36,571
- Tax, wage and social debts +€5,574
up €5,574 (+88.1%), from €6,329 to €11,903
- Trade debts -€4,644
down €4,644 (-7.0%), from €65,879 to €61,235
- Gross operating margin +€5,759
up €5,759, from -€37 to €5,722
- Financial income +€2,585
new in 2025: €2,585
- Taxes +€1,421
up €1,421 (+231.6%), from €614 to €2,035
- Financial charges -€85
down €85 (-65.4%), from €130 to €45
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,053 | €132,209 | +€7,157 | +5.7% |
| Current assets | 29/58 | €125,053 | €132,209 | +€7,157 | +5.7% |
| Amounts receivable within one year | 40/41 | €21,362 | €128,000 | +€106,638 | +499.2% |
| Trade receivables | 40 | €18,604 | €48,098 | +€29,493 | +158.5% |
| Other amounts receivable | 41 | €2,758 | €79,903 | +€77,145 | +2797.4% |
| Cash at bank and in hand | 54/58 | €103,691 | €4,209 | -€99,481 | -95.9% |
| Total equity and liabilities | 10/49 | €125,053 | €132,209 | +€7,157 | +5.7% |
| Equity | 10/15 | €52,844 | €59,071 | +€6,227 | +11.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,344 | €36,571 | +€6,227 | +20.5% |
| Amounts payable | 17/49 | €72,208 | €73,138 | +€930 | +1.3% |
| Amounts payable within one year | 42/48 | €72,208 | €73,138 | +€930 | +1.3% |
| Trade debts | 44 | €65,879 | €61,235 | -€4,644 | -7.0% |
| Suppliers | 440/4 | €65,879 | €61,235 | -€4,644 | -7.0% |
| Taxes, remuneration and social security | 45 | €6,329 | €11,903 | +€5,574 | +88.1% |
| Taxes | 450/3 | €6,329 | €11,903 | +€5,574 | +88.1% |
| Gross operating margin | 9900 | -€37 | €5,722 | +€5,759 | |
| Operating profit (loss) | 9901 | -€37 | €5,722 | +€5,759 | |
| Financial income | 75/76B | - | €2,585 | +€2,585 | |
| Recurring financial income | 75 | - | €2,585 | +€2,585 | |
| Financial charges | 65/66B | €130 | €45 | -€85 | -65.4% |
| Recurring financial charges | 65 | €130 | €45 | -€85 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€167 | €8,262 | +€8,429 | |
| Income taxes | 67/77 | €614 | €2,035 | +€1,421 | +231.6% |
| Profit (loss) for the period | 9904 | -€781 | €6,227 | +€7,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€781 | €6,227 | +€7,008 |
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 5 October 2026 via checked.be.