Martens New Projects: 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 New Projects
Largest movements
- Cash +€134,459
up €134,459 (+320%), from €42,009 to €176,468
mainly Short-term financial debts (+€254,767) and Net result for the year (+€99,700)
- Stocks and contracts +€48,317
up €48,317 (+11.5%), from €418,876 to €467,193
- Deferred charges and accrued income +€17,948
up €17,948 (+1,135%), from €1,581 to €19,529
- Receivables within one year -€13,994
down €13,994 (-51.8%), from €27,025 to €13,031
of which Other amounts receivable: -€21,581
- Short-term financial debts +€254,767
new in 2025: €254,767
- Other debts -€195,539
down €195,539 (-98.2%), from €199,131 to €3,592
- Profit (loss) carried forward +€99,700
up €99,700 (+62.8%), from €158,767 to €258,467
- Tax, wage and social debts +€17,265
up €17,265 (+140%), from €12,338 to €29,603
- Trade debts +€10,889
up €10,889 (+52.4%), from €20,784 to €31,673
- Gross operating margin +€23,691
up €23,691 (+20.8%), from €113,901 to €137,591
- Taxes +€6,054
up €6,054 (+26.4%), from €22,970 to €29,025
- Financial charges +€3,966
up €3,966 (+216%), from €1,834 to €5,800
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 | €491,021 | €678,103 | +€187,082 | +38.1% |
| Fixed assets | 21/28 | €1,529 | €1,881 | +€352 | +23.1% |
| Tangible fixed assets | 22/27 | €1,529 | €1,761 | +€232 | +15.2% |
| Furniture and vehicles | 24 | €1,529 | €1,761 | +€232 | +15.2% |
| Financial fixed assets | 28 | - | €120 | +€120 | |
| Current assets | 29/58 | €489,492 | €676,221 | +€186,729 | +38.1% |
| Stocks and contracts in progress | 3 | €418,876 | €467,193 | +€48,317 | +11.5% |
| Stocks | 30/36 | €418,876 | €467,193 | +€48,317 | +11.5% |
| Amounts receivable within one year | 40/41 | €27,025 | €13,031 | -€13,994 | -51.8% |
| Trade receivables | 40 | €2,200 | €9,787 | +€7,587 | +345% |
| Other amounts receivable | 41 | €24,825 | €3,244 | -€21,581 | -86.9% |
| Cash at bank and in hand | 54/58 | €42,009 | €176,468 | +€134,459 | +320% |
| Deferred charges and accrued income | 490/1 | €1,581 | €19,529 | +€17,948 | +1,135% |
| Total equity and liabilities | 10/49 | €491,021 | €678,103 | +€187,082 | +38.1% |
| Equity | 10/15 | €258,767 | €358,467 | +€99,700 | +38.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,767 | €258,467 | +€99,700 | +62.8% |
| Amounts payable | 17/49 | €232,254 | €319,636 | +€87,382 | +37.6% |
| Amounts payable within one year | 42/48 | €232,254 | €319,636 | +€87,382 | +37.6% |
| Financial debts | 43 | - | €254,767 | +€254,767 | |
| Credit institutions | 430/8 | - | €254,767 | +€254,767 | |
| Trade debts | 44 | €20,784 | €31,673 | +€10,889 | +52.4% |
| Suppliers | 440/4 | €20,784 | €31,673 | +€10,889 | +52.4% |
| Taxes, remuneration and social security | 45 | €12,338 | €29,603 | +€17,265 | +140% |
| Taxes | 450/3 | €12,338 | €29,603 | +€17,265 | +140% |
| Other amounts payable | 47/48 | €199,131 | €3,592 | -€195,539 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €703 | €922 | +€219 | +31.2% |
| Other operating charges | 640/8 | €2,043 | €2,144 | +€102 | +5.0% |
| Gross operating margin | 9900 | €113,901 | €137,591 | +€23,691 | +20.8% |
| Operating profit (loss) | 9901 | €111,155 | €134,525 | +€23,370 | +21.0% |
| Financial income | 75/76B | €256 | - | -€256 | |
| Recurring financial income | 75 | €256 | - | -€256 | |
| Financial charges | 65/66B | €1,834 | €5,800 | +€3,966 | +216% |
| Recurring financial charges | 65 | €1,834 | €5,800 | +€3,966 | +216% |
| Profit (loss) for the period before taxes | 9903 | €109,577 | €128,725 | +€19,148 | +17.5% |
| Income taxes | 67/77 | €22,970 | €29,025 | +€6,054 | +26.4% |
| Profit (loss) for the period | 9904 | €86,606 | €99,700 | +€13,094 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,606 | €99,700 | +€13,094 | +15.1% |
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 28 October 2026 via checked.be.