MARTENS HANS: 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 HANS
Largest movements
- Receivables within one year -€88,406
down €88,406 (-37.7%), from €234,775 to €146,369
- Stocks and contracts +€35,529
up €35,529 (+191%), from €18,591 to €54,120
- Cash +€14,979
up €14,979 (+21.4%), from €70,157 to €85,136
mainly Receivables within one year (+€88,406) and Net result for the year (+€22,274)
- Tangible fixed assets +€8,497
up €8,497 (+468%), from €1,816 to €10,314
of which Furniture and vehicles: +€8,877
- Trade debts -€35,428
down €35,428 (-20.5%), from €172,641 to €137,214
- Other debts -€22,716
down €22,716 (-25.2%), from €89,994 to €67,278
- Profit (loss) carried forward +€22,274
up €22,274 (+14.4%), from -€154,567 to -€132,293
- Write-downs -€52,164
down €52,164 (-286%), from -€18,217 to -€70,380
- Gross operating margin -€34,545
down €34,545 (-40.6%), from €85,042 to €50,497
- Other operating charges +€7,305
up €7,305 (+43.0%), from €16,994 to €24,299
- Staff costs +€2,812
up €2,812 (+4.2%), from €66,585 to €69,396
- Depreciation +€1,405
up €1,405 (+45.4%), from €3,095 to €4,501
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 | €338,560 | €305,227 | -€33,333 | -9.8% |
| Fixed assets | 21/28 | €4,943 | €12,577 | +€7,634 | +154% |
| Intangible fixed assets | 21 | €2,991 | €1,993 | -€998 | -33.4% |
| Tangible fixed assets | 22/27 | €1,816 | €10,314 | +€8,497 | +468% |
| Plant, machinery and equipment | 23 | €1,041 | €661 | -€380 | -36.5% |
| Furniture and vehicles | 24 | €775 | €9,653 | +€8,877 | +1,145% |
| Financial fixed assets | 28 | €135 | €270 | +€135 | +100% |
| Current assets | 29/58 | €333,617 | €292,650 | -€40,967 | -12.3% |
| Stocks and contracts in progress | 3 | €18,591 | €54,120 | +€35,529 | +191% |
| Stocks | 30/36 | €18,591 | €54,120 | +€35,529 | +191% |
| Amounts receivable within one year | 40/41 | €234,775 | €146,369 | -€88,406 | -37.7% |
| Trade receivables | 40 | €234,775 | €146,369 | -€88,406 | -37.7% |
| Cash at bank and in hand | 54/58 | €70,157 | €85,136 | +€14,979 | +21.4% |
| Deferred charges and accrued income | 490/1 | €10,094 | €7,025 | -€3,068 | -30.4% |
| Total equity and liabilities | 10/49 | €338,560 | €305,227 | -€33,333 | -9.8% |
| Equity | 10/15 | €59,933 | €82,207 | +€22,274 | +37.2% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €19,500 | €19,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,567 | -€132,293 | +€22,274 | +14.4% |
| Amounts payable | 17/49 | €278,627 | €223,020 | -€55,607 | -20.0% |
| Amounts payable within one year | 42/48 | €277,770 | €222,565 | -€55,205 | -19.9% |
| Trade debts | 44 | €172,641 | €137,214 | -€35,428 | -20.5% |
| Suppliers | 440/4 | €172,641 | €137,214 | -€35,428 | -20.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,134 | €18,073 | +€2,939 | +19.4% |
| Taxes | 450/3 | €3,590 | €4,379 | +€789 | +22.0% |
| Remuneration and social security | 454/9 | €11,545 | €13,695 | +€2,150 | +18.6% |
| Other amounts payable | 47/48 | €89,994 | €67,278 | -€22,716 | -25.2% |
| Accrued charges and deferred income | 492/3 | €857 | €455 | -€402 | -46.9% |
| Remuneration, social security and pensions | 62 | €66,585 | €69,396 | +€2,812 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,095 | €4,501 | +€1,405 | +45.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,217 | -€70,380 | -€52,164 | -286% |
| Other operating charges | 640/8 | €16,994 | €24,299 | +€7,305 | +43.0% |
| Gross operating margin | 9900 | €85,042 | €50,497 | -€34,545 | -40.6% |
| Operating profit (loss) | 9901 | €16,584 | €22,682 | +€6,097 | +36.8% |
| Financial income | 75/76B | €122 | €0 | -€122 | -100% |
| Recurring financial income | 75 | €122 | €0 | -€122 | -100% |
| Financial charges | 65/66B | €431 | €408 | -€23 | -5.4% |
| Recurring financial charges | 65 | €431 | €408 | -€23 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €16,275 | €22,274 | +€5,999 | +36.9% |
| Profit (loss) for the period | 9904 | €16,275 | €22,274 | +€5,999 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,275 | €22,274 | +€5,999 | +36.9% |
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 30 October 2026 via checked.be.