MARTENS CONSTRUCTIE: 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 CONSTRUCTIE
Largest movements
- Receivables within one year +€36,099
up €36,099 (+89.1%), from €40,525 to €76,624
of which Other amounts receivable: +€29,493
- Tangible fixed assets -€33,809
down €33,809 (-7.4%), from €455,256 to €421,446
- Cash +€28,628
up €28,628 (+11.2%), from €255,545 to €284,173
mainly Other debts (+€68,309) and Depreciation (+€33,809)
- Other debts +€68,309
up €68,309 (+4,040%), from €1,691 to €70,000
- Reserves -€36,686
down €36,686 (-5.7%), from €640,988 to €604,301
of which Distributable reserves: -€30,468
- Tax, wage and social debts +€9,319
up €9,319 (+51.0%), from €18,272 to €27,591
of which Taxes: +€8,094
- Staff costs -€17,291
down €17,291 (-10.9%), from €159,336 to €142,045
- Gross operating margin -€5,569
down €5,569 (-2.3%), from €242,088 to €236,519
- Other operating charges -€3,160
down €3,160 (-11.4%), from €27,819 to €24,659
- Financial charges -€3,053
down €3,053 (-57.7%), from €5,290 to €2,237
- Taxes +€2,489
up €2,489 (+1,435%), from €173 to €2,662
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 | €771,032 | €799,354 | +€28,322 | +3.7% |
| Fixed assets | 21/28 | €455,256 | €421,446 | -€33,809 | -7.4% |
| Tangible fixed assets | 22/27 | €455,256 | €421,446 | -€33,809 | -7.4% |
| Land and buildings | 22 | €313,687 | €303,745 | -€9,942 | -3.2% |
| Plant, machinery and equipment | 23 | €67,384 | €53,732 | -€13,652 | -20.3% |
| Furniture and vehicles | 24 | €2,206 | €1,603 | -€603 | -27.3% |
| Leasing and similar rights | 25 | €21,308 | €15,676 | -€5,632 | -26.4% |
| Other tangible fixed assets | 26 | €50,671 | €46,690 | -€3,981 | -7.9% |
| Current assets | 29/58 | €315,777 | €377,908 | +€62,131 | +19.7% |
| Amounts receivable within one year | 40/41 | €40,525 | €76,624 | +€36,099 | +89.1% |
| Trade receivables | 40 | €23,263 | €29,869 | +€6,606 | +28.4% |
| Other amounts receivable | 41 | €17,262 | €46,756 | +€29,493 | +171% |
| Current investments | 50/53 | €16,311 | €16,405 | +€94 | +0.6% |
| Cash at bank and in hand | 54/58 | €255,545 | €284,173 | +€28,628 | +11.2% |
| Deferred charges and accrued income | 490/1 | €3,395 | €705 | -€2,690 | -79.2% |
| Total equity and liabilities | 10/49 | €771,032 | €799,354 | +€28,322 | +3.7% |
| Equity | 10/15 | €702,988 | €666,301 | -€36,686 | -5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €640,988 | €604,301 | -€36,686 | -5.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,153 | €43,935 | -€6,218 | -12.4% |
| Distributable reserves | 133 | €584,635 | €554,166 | -€30,468 | -5.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €16,718 | €14,645 | -€2,073 | -12.4% |
| Deferred taxes | 168 | €16,718 | €14,645 | -€2,073 | -12.4% |
| Amounts payable | 17/49 | €51,327 | €118,408 | +€67,081 | +131% |
| Amounts payable after more than one year | 17 | €17,318 | €12,506 | -€4,812 | -27.8% |
| Financial debts | 170/4 | €17,318 | €12,506 | -€4,812 | -27.8% |
| Amounts payable within one year | 42/48 | €34,009 | €105,902 | +€71,893 | +211% |
| Current portion of amounts payable after more than one year | 42 | €4,697 | €4,812 | +€115 | +2.4% |
| Trade debts | 44 | €9,350 | €3,499 | -€5,851 | -62.6% |
| Suppliers | 440/4 | €9,350 | €3,499 | -€5,851 | -62.6% |
| Taxes, remuneration and social security | 45 | €18,272 | €27,591 | +€9,319 | +51.0% |
| Taxes | 450/3 | €545 | €8,639 | +€8,094 | +1,485% |
| Remuneration and social security | 454/9 | €17,727 | €18,952 | +€1,225 | +6.9% |
| Other amounts payable | 47/48 | €1,691 | €70,000 | +€68,309 | +4,040% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €159,336 | €142,045 | -€17,291 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,136 | €33,809 | +€1,673 | +5.2% |
| Other operating charges | 640/8 | €27,819 | €24,659 | -€3,160 | -11.4% |
| Gross operating margin | 9900 | €242,088 | €236,519 | -€5,569 | -2.3% |
| Operating profit (loss) | 9901 | €22,798 | €36,006 | +€13,208 | +57.9% |
| Financial income | 75/76B | €130 | €134 | +€4 | +3.0% |
| Recurring financial income | 75 | €130 | €134 | +€4 | +3.0% |
| Financial charges | 65/66B | €5,290 | €2,237 | -€3,053 | -57.7% |
| Recurring financial charges | 65 | €5,290 | €2,237 | -€3,053 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €17,638 | €33,903 | +€16,266 | +92.2% |
| Transfer from deferred taxes | 780 | €2,073 | €2,073 | = | 0.0% |
| Income taxes | 67/77 | €173 | €2,662 | +€2,489 | +1,435% |
| Profit (loss) for the period | 9904 | €19,537 | €33,314 | +€13,777 | +70.5% |
| Transfer from tax-exempt reserves | 789 | €6,218 | €6,218 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,755 | €39,532 | +€13,777 | +53.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.