Martens Consult: 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 Consult
Largest movements
- Receivables within one year -€14,139
down €14,139 (-30.3%), from €46,628 to €32,489
of which Trade receivables: -€14,139
- Tangible fixed assets -€10,053
down €10,053 (-68.3%), from €14,714 to €4,661
of which Furniture and vehicles: -€6,841
- Cash +€3,388
up €3,388 (+22.5%), from €15,086 to €18,474
mainly Receivables within one year (+€14,139) and Depreciation (+€10,053)
- Reserves -€9,009
down €9,009 (-25.0%), from €36,092 to €27,083
of which Distributable reserves: -€9,009
- Tax, wage and social debts -€5,749
down €5,749 (-74.6%), from €7,705 to €1,956
- Trade debts -€2,540
down €2,540 (-30.8%), from €8,251 to €5,711
- Debts after one year -€1,784
no longer reported in 2025 (was €1,784)
- Other debts -€1,231
down €1,231 (-71.6%), from €1,721 to €490
- Gross operating margin -€31,320
down €31,320 (-92.7%), from €33,796 to €2,477
- Write-downs -€20,860
no longer reported in 2025 (was €20,860)
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 | €76,428 | €55,624 | -€20,804 | -27.2% |
| Fixed assets | 21/28 | €14,714 | €4,661 | -€10,053 | -68.3% |
| Tangible fixed assets | 22/27 | €14,714 | €4,661 | -€10,053 | -68.3% |
| Plant, machinery and equipment | 23 | €5,680 | €2,468 | -€3,212 | -56.6% |
| Furniture and vehicles | 24 | €9,033 | €2,193 | -€6,841 | -75.7% |
| Current assets | 29/58 | €61,714 | €50,963 | -€10,751 | -17.4% |
| Amounts receivable within one year | 40/41 | €46,628 | €32,489 | -€14,139 | -30.3% |
| Trade receivables | 40 | €46,518 | €32,379 | -€14,139 | -30.4% |
| Other amounts receivable | 41 | €110 | €110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,086 | €18,474 | +€3,388 | +22.5% |
| Total equity and liabilities | 10/49 | €76,428 | €55,624 | -€20,804 | -27.2% |
| Equity | 10/15 | €54,692 | €45,683 | -€9,009 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,092 | €27,083 | -€9,009 | -25.0% |
| Tax-exempt reserves | 132 | €3,866 | €3,866 | = | 0.0% |
| Distributable reserves | 133 | €32,225 | €23,216 | -€9,009 | -28.0% |
| Amounts payable | 17/49 | €21,737 | €9,941 | -€11,795 | -54.3% |
| Amounts payable after more than one year | 17 | €1,784 | - | -€1,784 | |
| Financial debts | 170/4 | €1,784 | - | -€1,784 | |
| Amounts payable within one year | 42/48 | €19,952 | €9,941 | -€10,011 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €2,275 | €1,784 | -€491 | -21.6% |
| Trade debts | 44 | €8,251 | €5,711 | -€2,540 | -30.8% |
| Suppliers | 440/4 | €8,251 | €5,711 | -€2,540 | -30.8% |
| Taxes, remuneration and social security | 45 | €7,705 | €1,956 | -€5,749 | -74.6% |
| Taxes | 450/3 | €7,705 | €1,956 | -€5,749 | -74.6% |
| Other amounts payable | 47/48 | €1,721 | €490 | -€1,231 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,902 | €10,053 | +€151 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,860 | - | -€20,860 | |
| Other operating charges | 640/8 | €910 | €918 | +€7 | +0.8% |
| Gross operating margin | 9900 | €33,796 | €2,477 | -€31,320 | -92.7% |
| Operating profit (loss) | 9901 | €2,125 | -€8,494 | -€10,619 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €375 | €375 | +€1 | +0.1% |
| Recurring financial charges | 65 | €375 | €375 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €1,757 | -€8,869 | -€10,626 | |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | €1,757 | -€9,009 | -€10,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,757 | -€9,009 | -€10,765 |
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 21 October 2026 via checked.be.