Martens L.: 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 L.
Largest movements
- Receivables within one year +€6,995
up €6,995 (+11.8%), from €59,300 to €66,295
- Reserves +€5,522
up €5,522 (+6.5%), from €85,283 to €90,805
of which Distributable reserves: +€5,522
- Trade debts +€1,523
up €1,523 (+37.9%), from €4,013 to €5,536
- Other operating charges +€3,354
up €3,354 (+369%), from €908 to €4,262
- Depreciation -€2,677
no longer reported in 2025 (was €2,677)
- Financial income +€352
up €352 (+18.9%), from €1,861 to €2,213
- Taxes -€242
down €242 (-10.5%), from €2,310 to €2,068
- Financial charges -€100
down €100 (-68.1%), from €146 to €47
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,580 | €100,593 | +€7,013 | +7.5% |
| Fixed assets | 21/28 | €34,090 | €34,090 | = | 0.0% |
| Tangible fixed assets | 22/27 | €34,090 | €34,090 | = | 0.0% |
| Land and buildings | 22 | €34,090 | €34,090 | = | 0.0% |
| Current assets | 29/58 | €59,490 | €66,503 | +€7,013 | +11.8% |
| Amounts receivable within one year | 40/41 | €59,300 | €66,295 | +€6,995 | +11.8% |
| Other amounts receivable | 41 | €59,300 | €66,295 | +€6,995 | +11.8% |
| Deferred charges and accrued income | 490/1 | €190 | €208 | +€18 | +9.3% |
| Total equity and liabilities | 10/49 | €93,580 | €100,593 | +€7,013 | +7.5% |
| Equity | 10/15 | €87,467 | €92,989 | +€5,522 | +6.3% |
| Contributions | 10/11 | €2,184 | €2,184 | = | 0.0% |
| Reserves | 13 | €85,283 | €90,805 | +€5,522 | +6.5% |
| Tax-exempt reserves | 132 | €154 | €154 | = | 0.0% |
| Distributable reserves | 133 | €85,129 | €90,651 | +€5,522 | +6.5% |
| Amounts payable | 17/49 | €6,113 | €7,604 | +€1,491 | +24.4% |
| Amounts payable within one year | 42/48 | €6,113 | €7,604 | +€1,491 | +24.4% |
| Trade debts | 44 | €4,013 | €5,536 | +€1,523 | +37.9% |
| Suppliers | 440/4 | €4,013 | €5,536 | +€1,523 | +37.9% |
| Taxes, remuneration and social security | 45 | €2,100 | €2,068 | -€32 | -1.5% |
| Taxes | 450/3 | €2,100 | €2,068 | -€32 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,677 | - | -€2,677 | |
| Other operating charges | 640/8 | €908 | €4,262 | +€3,354 | +369% |
| Gross operating margin | 9900 | €9,738 | €9,686 | -€53 | -0.5% |
| Operating profit (loss) | 9901 | €6,154 | €5,424 | -€730 | -11.9% |
| Financial income | 75/76B | €1,861 | €2,213 | +€352 | +18.9% |
| Recurring financial income | 75 | €1,861 | €2,213 | +€352 | +18.9% |
| Financial charges | 65/66B | €146 | €47 | -€100 | -68.1% |
| Recurring financial charges | 65 | €146 | €47 | -€100 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €7,869 | €7,590 | -€279 | -3.5% |
| Income taxes | 67/77 | €2,310 | €2,068 | -€242 | -10.5% |
| Profit (loss) for the period | 9904 | €5,559 | €5,522 | -€37 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,559 | €5,522 | -€37 | -0.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.