MARTENS MARC: 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 MARC
Largest movements
- Cash -€16,743
down €16,743 (-24.0%), from €69,889 to €53,146
mainly Stocks and contracts (-€9,272) and Tax, wage and social debts (-€6,680)
- Stocks and contracts +€9,272
up €9,272 (+66.9%), from €13,850 to €23,122
of which Contracts in progress: +€10,000
- Tangible fixed assets -€3,773
down €3,773 (-76.1%), from €4,956 to €1,183
of which Furniture and vehicles: -€3,625
- Deferred charges and accrued income -€1,397
down €1,397 (-46.6%), from €2,995 to €1,598
- Receivables within one year +€1,218
up €1,218 (+136%), from €896 to €2,114
of which Other amounts receivable: +€2,106
- Tax, wage and social debts -€6,680
no longer reported in 2025 (was €6,680)
of which Remuneration and social security: -€6,547
- Trade debts -€1,903
down €1,903 (-74.8%), from €2,545 to €643
- Profit (loss) carried forward -€1,816
down €1,816 (-11.4%), from -€15,868 to -€17,684
- Current portion of long-term debt -€1,024
no longer reported in 2025 (was €1,024)
- Gross operating margin -€12,402
down €12,402 (-80.2%), from €15,462 to €3,060
- Depreciation -€3,755
down €3,755 (-49.9%), from €7,528 to €3,773
- Other operating charges -€553
down €553 (-50.4%), from €1,097 to €544
- Financial income +€486
up €486 (+895%), from €54 to €540
- Taxes -€321
down €321 (-40.5%), from €792 to €471
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 | €92,636 | €81,213 | -€11,423 | -12.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,006 | €1,233 | -€3,773 | -75.4% |
| Tangible fixed assets | 22/27 | €4,956 | €1,183 | -€3,773 | -76.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €342 | €194 | -€148 | -43.2% |
| Furniture and vehicles | 24 | €4,614 | €989 | -€3,625 | -78.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €87,630 | €79,980 | -€7,650 | -8.7% |
| Stocks and contracts in progress | 3 | €13,850 | €23,122 | +€9,272 | +66.9% |
| Stocks | 30/36 | €13,850 | €13,122 | -€728 | -5.3% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €896 | €2,114 | +€1,218 | +136% |
| Trade receivables | 40 | €888 | - | -€888 | |
| Other amounts receivable | 41 | €8 | €2,114 | +€2,106 | +25,841% |
| Cash at bank and in hand | 54/58 | €69,889 | €53,146 | -€16,743 | -24.0% |
| Deferred charges and accrued income | 490/1 | €2,995 | €1,598 | -€1,397 | -46.6% |
| Total equity and liabilities | 10/49 | €92,636 | €81,213 | -€11,423 | -12.3% |
| Equity | 10/15 | €82,386 | €80,570 | -€1,816 | -2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €79,662 | €79,662 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,351 | €7,351 | = | 0.0% |
| Distributable reserves | 133 | €72,311 | €72,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,868 | -€17,684 | -€1,816 | -11.4% |
| Amounts payable | 17/49 | €10,250 | €643 | -€9,607 | -93.7% |
| Amounts payable within one year | 42/48 | €10,250 | €643 | -€9,607 | -93.7% |
| Current portion of amounts payable after more than one year | 42 | €1,024 | - | -€1,024 | |
| Trade debts | 44 | €2,545 | €643 | -€1,903 | -74.8% |
| Suppliers | 440/4 | €2,545 | €643 | -€1,903 | -74.8% |
| Taxes, remuneration and social security | 45 | €6,680 | - | -€6,680 | |
| Taxes | 450/3 | €133 | - | -€133 | |
| Remuneration and social security | 454/9 | €6,547 | - | -€6,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,528 | €3,773 | -€3,755 | -49.9% |
| Other operating charges | 640/8 | €1,097 | €544 | -€553 | -50.4% |
| Gross operating margin | 9900 | €15,462 | €3,060 | -€12,402 | -80.2% |
| Operating profit (loss) | 9901 | €6,837 | -€1,257 | -€8,094 | |
| Financial income | 75/76B | €54 | €540 | +€486 | +895% |
| Recurring financial income | 75 | €54 | €540 | +€486 | +895% |
| Financial charges | 65/66B | €647 | €628 | -€19 | -3.0% |
| Recurring financial charges | 65 | €647 | €628 | -€19 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €6,244 | -€1,345 | -€7,589 | |
| Income taxes | 67/77 | €792 | €471 | -€321 | -40.5% |
| Profit (loss) for the period | 9904 | €5,452 | -€1,816 | -€7,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,452 | -€1,816 | -€7,268 |
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 30 October 2026 via checked.be.