MARTENS ACC: 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.
MARTENS ACC
Largest movements
- Tangible fixed assets +€353,422
up €353,422 (+14,689%), from €2,406 to €355,828
of which Land and buildings: +€354,141
- Cash -€47,417
down €47,417 (-72.2%), from €65,662 to €18,245
mainly Investment in fixed assets (net) (-€372,950) and Contributions, distributions and other (-€47,206)
- Debts after one year +€258,484
new in 2025: €258,484
- Other debts +€50,636
up €50,636 (+935%), from €5,417 to €56,053
- Reserves -€29,295
down €29,295 (-61.0%), from €48,030 to €18,735
- Current portion of long-term debt +€21,147
new in 2025: €21,147
- Tax, wage and social debts +€4,155
up €4,155 (+58.6%), from €7,095 to €11,249
of which Taxes: +€2,235
- Gross operating margin +€19,348
up €19,348 (+59.8%), from €32,353 to €51,701
- Depreciation +€19,275
up €19,275 (+7,619%), from €253 to €19,528
- Financial charges +€4,120
up €4,120 (+218%), from €1,891 to €6,010
- Taxes -€2,492
down €2,492 (-30.7%), from €8,109 to €5,617
- Other operating charges +€715
up €715 (+32.2%), from €2,219 to €2,934
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 | €80,703 | €389,243 | +€308,540 | +382% |
| Fixed assets | 21/28 | €2,406 | €355,828 | +€353,422 | +14,689% |
| Tangible fixed assets | 22/27 | €2,406 | €355,828 | +€353,422 | +14,689% |
| Land and buildings | 22 | - | €354,141 | +€354,141 | |
| Furniture and vehicles | 24 | €1,299 | €831 | -€468 | -36.0% |
| Other tangible fixed assets | 26 | €1,107 | €856 | -€251 | -22.7% |
| Current assets | 29/58 | €78,297 | €33,415 | -€44,882 | -57.3% |
| Amounts receivable within one year | 40/41 | €11,315 | €12,646 | +€1,332 | +11.8% |
| Trade receivables | 40 | €10,346 | €12,646 | +€2,301 | +22.2% |
| Other amounts receivable | 41 | €969 | €0 | -€969 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €65,662 | €18,245 | -€47,417 | -72.2% |
| Deferred charges and accrued income | 490/1 | €1,320 | €2,524 | +€1,204 | +91.2% |
| Total equity and liabilities | 10/49 | €80,703 | €389,243 | +€308,540 | +382% |
| Equity | 10/15 | €66,630 | €37,335 | -€29,295 | -44.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,030 | €18,735 | -€29,295 | -61.0% |
| Distributable reserves | 133 | €48,030 | €18,735 | -€29,295 | -61.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,073 | €351,908 | +€337,835 | +2,401% |
| Amounts payable after more than one year | 17 | - | €258,484 | +€258,484 | |
| Financial debts | 170/4 | - | €258,484 | +€258,484 | |
| Amounts payable within one year | 42/48 | €14,073 | €91,587 | +€77,514 | +551% |
| Current portion of amounts payable after more than one year | 42 | - | €21,147 | +€21,147 | |
| Trade debts | 44 | €1,561 | €3,137 | +€1,576 | +101% |
| Suppliers | 440/4 | €1,561 | €3,137 | +€1,576 | +101% |
| Taxes, remuneration and social security | 45 | €7,095 | €11,249 | +€4,155 | +58.6% |
| Taxes | 450/3 | €7,095 | €9,329 | +€2,235 | +31.5% |
| Remuneration and social security | 454/9 | €0 | €1,920 | +€1,920 | |
| Other amounts payable | 47/48 | €5,417 | €56,053 | +€50,636 | +935% |
| Accrued charges and deferred income | 492/3 | - | €1,836 | +€1,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253 | €19,528 | +€19,275 | +7,619% |
| Other operating charges | 640/8 | €2,219 | €2,934 | +€715 | +32.2% |
| Non-recurring operating charges | 66A | €1,552 | €0 | -€1,552 | -100% |
| Gross operating margin | 9900 | €32,353 | €51,701 | +€19,348 | +59.8% |
| Operating profit (loss) | 9901 | €28,329 | €29,239 | +€910 | +3.2% |
| Financial income | 75/76B | €406 | €300 | -€106 | -26.1% |
| Recurring financial income | 75 | €406 | €300 | -€106 | -26.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,891 | €6,010 | +€4,120 | +218% |
| Recurring financial charges | 65 | €1,891 | €6,010 | +€4,120 | +218% |
| Profit (loss) for the period before taxes | 9903 | €26,845 | €23,529 | -€3,316 | -12.4% |
| Income taxes | 67/77 | €8,109 | €5,617 | -€2,492 | -30.7% |
| Profit (loss) for the period | 9904 | €18,735 | €17,912 | -€823 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,735 | €17,912 | -€823 | -4.4% |
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 19 October 2026 via checked.be.