MARTENS AGRI: what changed
What changed
MARTENS AGRI
NACE 01.130, Growing of vegetables, melons, roots and tubers
filed annual accounts (NBB)
Net result for the year
€1,142
2024 · €4,178-€3,037
Equity
€206,241
2024 · €48,725+€157,515
Cash
€7,223
2024 · €9,250-€2,027
Balance sheet total
€3.5m
2024 · €1.3m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+316%), from €560,176 to €2.3m
of which Land and buildings: +€1.8m
- Stocks and contracts +€309,126
up €309,126 (+62.7%), from €492,774 to €801,900
- Receivables within one year +€126,717
up €126,717 (+61.4%), from €206,246 to €332,962
of which Other amounts receivable: +€238,435
Equity and liabilities
- Debts after one year +€2.1m
up €2.1m (+719%), from €287,790 to €2.4m
- Other debts -€334,762
down €334,762 (-73.8%), from €453,514 to €118,752
- Short-term financial debts +€250,000
up €250,000 (+100%), from €250,000 to €500,000
- Investment grants +€156,373
new in 2025: €156,373
- Current portion of long-term debt +€60,660
up €60,660 (+77.7%), from €78,098 to €138,757
Income statement
- Financial charges +€38,801
up €38,801 (+88.2%), from €43,992 to €82,793
- Other operating charges -€17,700
down €17,700 (-63.3%), from €27,971 to €10,272
- Gross operating margin +€13,734
up €13,734 (+5.8%), from €237,057 to €250,792
- Depreciation +€11,038
up €11,038 (+18.3%), from €60,213 to €71,252
- Staff costs -€9,225
down €9,225 (-9.8%), from €94,208 to €84,983
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,178
Gross operating margin
+€13,734
Staff costs
+€9,225
Depreciation
-€11,038
Other operating charges
+€17,700
Financial income
+€1,248
Financial charges
-€38,801
Taxes
+€4,831
Deferred taxes and other
+€65
Result 2025
€1,142
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€699,530
Investment
-€1.8m
Financing
+€2.5m
Cash 2024
€9,250
From operations (derived)
-€699,530
Net result for the year
+€1,142
Depreciation
+€71,252
Stocks and contracts
-€309,126
Receivables within one year
-€126,717
Deferred charges and accrued income
-€12,464
Provisions
+€8,230
Trade debts
+€40,175
Tax, wage and social debts
-€37,232
Other debts
-€334,762
Accrued charges and deferred income
-€28
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€2.5m
Debts after one year
+€2.1m
Current portion of long-term debt
+€60,660
Short-term financial debts
+€250,000
Contributions, distributions and other
+€156,373
Cash 2025
€7,223
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,642 | €3,486,181 | +€2.2m | +174% |
| Fixed assets | 21/28 | €560,176 | €2,328,435 | +€1.8m | +316% |
| Tangible fixed assets | 22/27 | €560,176 | €2,328,435 | +€1.8m | +316% |
| Land and buildings | 22 | €551,553 | €2,321,521 | +€1.8m | +321% |
| Plant, machinery and equipment | 23 | €8,622 | €6,915 | -€1,708 | -19.8% |
| Current assets | 29/58 | €711,466 | €1,157,746 | +€446,280 | +62.7% |
| Stocks and contracts in progress | 3 | €492,774 | €801,900 | +€309,126 | +62.7% |
| Stocks | 30/36 | €492,774 | €801,900 | +€309,126 | +62.7% |
| Amounts receivable within one year | 40/41 | €206,246 | €332,962 | +€126,717 | +61.4% |
| Trade receivables | 40 | €206,246 | €94,528 | -€111,718 | -54.2% |
| Other amounts receivable | 41 | €0 | €238,435 | +€238,435 | |
| Cash at bank and in hand | 54/58 | €9,250 | €7,223 | -€2,027 | -21.9% |
| Deferred charges and accrued income | 490/1 | €3,197 | €15,661 | +€12,464 | +390% |
| Total equity and liabilities | 10/49 | €1,271,642 | €3,486,181 | +€2.2m | +174% |
| Equity | 10/15 | €48,725 | €206,241 | +€157,515 | +323% |
| Contributions | 10/11 | €18,810 | €18,810 | = | 0.0% |
| Reserves | 13 | €29,915 | €31,057 | +€1,142 | +3.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €29,915 | €31,057 | +€1,142 | +3.8% |
| Investment grants | 15 | - | €156,373 | +€156,373 | |
| Provisions and deferred taxes | 16 | - | €8,230 | +€8,230 | |
| Deferred taxes | 168 | - | €8,230 | +€8,230 | |
| Amounts payable | 17/49 | €1,222,917 | €3,271,710 | +€2.0m | +168% |
| Amounts payable after more than one year | 17 | €287,790 | €2,357,771 | +€2.1m | +719% |
| Financial debts | 170/4 | €287,790 | €2,357,771 | +€2.1m | +719% |
| Amounts payable within one year | 42/48 | €934,926 | €913,767 | -€21,159 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €78,098 | €138,757 | +€60,660 | +77.7% |
| Financial debts | 43 | €250,000 | €500,000 | +€250,000 | +100% |
| Other loans | 439 | €250,000 | €500,000 | +€250,000 | +100% |
| Trade debts | 44 | €89,807 | €129,982 | +€40,175 | +44.7% |
| Suppliers | 440/4 | €89,807 | €129,982 | +€40,175 | +44.7% |
| Taxes, remuneration and social security | 45 | €63,508 | €26,276 | -€37,232 | -58.6% |
| Taxes | 450/3 | €26,583 | €2,366 | -€24,217 | -91.1% |
| Remuneration and social security | 454/9 | €36,925 | €23,910 | -€13,015 | -35.2% |
| Other amounts payable | 47/48 | €453,514 | €118,752 | -€334,762 | -73.8% |
| Accrued charges and deferred income | 492/3 | €200 | €172 | -€28 | -14.0% |
| Remuneration, social security and pensions | 62 | €94,208 | €84,983 | -€9,225 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,213 | €71,252 | +€11,038 | +18.3% |
| Other operating charges | 640/8 | €27,971 | €10,272 | -€17,700 | -63.3% |
| Gross operating margin | 9900 | €237,057 | €250,792 | +€13,734 | +5.8% |
| Operating profit (loss) | 9901 | €54,665 | €84,285 | +€29,620 | +54.2% |
| Financial income | 75/76B | €0 | €1,248 | +€1,248 | |
| Recurring financial income | 75 | €0 | €1,248 | +€1,248 | |
| Financial charges | 65/66B | €43,992 | €82,793 | +€38,801 | +88.2% |
| Recurring financial charges | 65 | €43,992 | €82,793 | +€38,801 | +88.2% |
| Profit (loss) for the period before taxes | 9903 | €10,673 | €2,740 | -€7,933 | -74.3% |
| Transfer from deferred taxes | 780 | - | €65 | +€65 | |
| Income taxes | 67/77 | €6,495 | €1,664 | -€4,831 | -74.4% |
| Profit (loss) for the period | 9904 | €4,178 | €1,142 | -€3,037 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,178 | €1,142 | -€3,037 | -72.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.