Marter Consulting: 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.
Marter Consulting
Largest movements
- Financial fixed assets +€1.0m
up €1.0m (+166%), from €609,632 to €1.6m
- Cash +€312,424
up €312,424 (+1,024%), from €30,516 to €342,940
mainly Net result for the year (+€1.7m) and Other debts (+€196,792)
- Reserves +€1.4m
up €1.4m (+650%), from €213,466 to €1.6m
- Debts after one year -€280,895
down €280,895 (-76.0%), from €369,653 to €88,758
of which Other amounts payable: -€205,000
- Other debts +€196,792
up €196,792 (+215%), from €91,643 to €288,435
- Gross operating margin +€1.6m
up €1.6m (+833%), from €191,955 to €1.8m
- Taxes +€24,181
up €24,181 (+53.0%), from €45,663 to €69,844
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 | €777,728 | €2,078,703 | +€1.3m | +167% |
| Fixed assets | 21/28 | €694,896 | €1,693,035 | +€998,139 | +144% |
| Tangible fixed assets | 22/27 | €85,264 | €73,035 | -€12,229 | -14.3% |
| Land and buildings | 22 | €79,323 | €68,696 | -€10,628 | -13.4% |
| Furniture and vehicles | 24 | €5,941 | €4,340 | -€1,601 | -26.9% |
| Financial fixed assets | 28 | €609,632 | €1,620,000 | +€1.0m | +166% |
| Current assets | 29/58 | €82,832 | €385,668 | +€302,836 | +366% |
| Amounts receivable within one year | 40/41 | €40,900 | €33,112 | -€7,788 | -19.0% |
| Trade receivables | 40 | €40,900 | €25,487 | -€15,413 | -37.7% |
| Other amounts receivable | 41 | - | €7,625 | +€7,625 | |
| Current investments | 50/53 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | €30,516 | €342,940 | +€312,424 | +1,024% |
| Deferred charges and accrued income | 490/1 | €9,416 | €9,616 | +€200 | +2.1% |
| Total equity and liabilities | 10/49 | €777,728 | €2,078,703 | +€1.3m | +167% |
| Equity | 10/15 | €218,466 | €1,606,575 | +€1.4m | +635% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €213,466 | €1,601,575 | +€1.4m | +650% |
| Distributable reserves | 133 | €213,466 | €1,601,575 | +€1.4m | +650% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €559,262 | €472,129 | -€87,133 | -15.6% |
| Amounts payable after more than one year | 17 | €369,653 | €88,758 | -€280,895 | -76.0% |
| Financial debts | 170/4 | €164,653 | €88,758 | -€75,895 | -46.1% |
| Other amounts payable | 178/9 | €205,000 | €0 | -€205,000 | -100% |
| Amounts payable within one year | 42/48 | €185,012 | €379,278 | +€194,266 | +105% |
| Current portion of amounts payable after more than one year | 42 | €79,495 | €75,895 | -€3,599 | -4.5% |
| Financial debts | 43 | €426 | €171 | -€256 | -60.0% |
| Credit institutions | 430/8 | €426 | €171 | -€256 | -60.0% |
| Trade debts | 44 | €807 | €2,222 | +€1,414 | +175% |
| Suppliers | 440/4 | €807 | €2,222 | +€1,414 | +175% |
| Taxes, remuneration and social security | 45 | €12,641 | €12,556 | -€85 | -0.7% |
| Taxes | 450/3 | €12,641 | €12,556 | -€85 | -0.7% |
| Other amounts payable | 47/48 | €91,643 | €288,435 | +€196,792 | +215% |
| Accrued charges and deferred income | 492/3 | €4,596 | €4,093 | -€503 | -11.0% |
| Non-recurring operating income | 76A | - | €1,504,080 | +€1.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,178 | €15,536 | -€643 | -4.0% |
| Other operating charges | 640/8 | €1,406 | €1,385 | -€21 | -1.5% |
| Gross operating margin | 9900 | €191,955 | €1,790,915 | +€1.6m | +833% |
| Operating profit (loss) | 9901 | €174,371 | €1,773,994 | +€1.6m | +917% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.0% |
| Financial charges | 65/66B | €19,239 | €16,042 | -€3,196 | -16.6% |
| Recurring financial charges | 65 | €19,239 | €16,042 | -€3,196 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €155,136 | €1,757,952 | +€1.6m | +1,033% |
| Income taxes | 67/77 | €45,663 | €69,844 | +€24,181 | +53.0% |
| Profit (loss) for the period | 9904 | €109,473 | €1,688,108 | +€1.6m | +1,442% |
| Profit (loss) for the period to be appropriated | 9905 | €109,473 | €1,688,108 | +€1.6m | +1,442% |
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 20 October 2026 via checked.be.