MARTES: what changed
Two fiscal 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.
MARTES
Largest movements
- Cash -€53,600
down €53,600 (-35.6%), from €150,526 to €96,926
mainly Contributions, distributions and other (-€150,000) and Tax, wage and social debts (-€17,158)
- Receivables within one year -€40,543
down €40,543 (-81.7%), from €49,627 to €9,084
of which Trade receivables: -€40,868
- Receivables after one year -€20,650
down €20,650 (-71.8%), from €28,750 to €8,100
- Tangible fixed assets -€13,613
down €13,613 (-21.6%), from €62,905 to €49,291
of which Furniture and vehicles: -€12,560
- Current investments +€12,000
new in 2025: €12,000
- Profit (loss) carried forward -€119,484
down €119,484 (-62.9%), from €190,051 to €70,567
- Other debts +€30,000
up €30,000, from €0 to €30,000
- Tax, wage and social debts -€17,158
down €17,158 (-43.0%), from €39,919 to €22,761
- Debts after one year -€12,727
down €12,727 (-29.2%), from €43,579 to €30,851
- Gross operating margin -€24,555
down €24,555 (-29.6%), from €82,860 to €58,305
- Taxes -€4,925
down €4,925 (-35.6%), from €13,828 to €8,902
- Depreciation +€2,991
up €2,991 (+23.6%), from €12,673 to €15,664
- Other operating charges -€2,680
down €2,680 (-63.4%), from €4,225 to €1,545
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.
Cash bridge derived
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 | €293,792 | €176,733 | -€117,059 | -39.8% |
| Fixed assets | 21/28 | €62,905 | €49,291 | -€13,613 | -21.6% |
| Tangible fixed assets | 22/27 | €62,905 | €49,291 | -€13,613 | -21.6% |
| Plant, machinery and equipment | 23 | €3,704 | €2,651 | -€1,053 | -28.4% |
| Furniture and vehicles | 24 | €59,201 | €46,640 | -€12,560 | -21.2% |
| Current assets | 29/58 | €230,887 | €127,442 | -€103,445 | -44.8% |
| Amounts receivable after more than one year | 29 | €28,750 | €8,100 | -€20,650 | -71.8% |
| Other amounts receivable | 291 | €28,750 | €8,100 | -€20,650 | -71.8% |
| Amounts receivable within one year | 40/41 | €49,627 | €9,084 | -€40,543 | -81.7% |
| Trade receivables | 40 | €40,868 | €0 | -€40,868 | -100.0% |
| Other amounts receivable | 41 | €8,759 | €9,084 | +€325 | +3.7% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €150,526 | €96,926 | -€53,600 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,331 | -€653 | -32.9% |
| Total equity and liabilities | 10/49 | €293,792 | €176,733 | -€117,059 | -39.8% |
| Equity | 10/15 | €195,051 | €75,567 | -€119,484 | -61.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,051 | €70,567 | -€119,484 | -62.9% |
| Amounts payable | 17/49 | €98,741 | €101,166 | +€2,425 | +2.5% |
| Amounts payable after more than one year | 17 | €43,579 | €30,851 | -€12,727 | -29.2% |
| Financial debts | 170/4 | €43,579 | €30,851 | -€12,727 | -29.2% |
| Amounts payable within one year | 42/48 | €55,163 | €70,315 | +€15,152 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €12,159 | €12,727 | +€568 | +4.7% |
| Trade debts | 44 | €3,085 | €4,827 | +€1,742 | +56.5% |
| Suppliers | 440/4 | €3,085 | €4,827 | +€1,742 | +56.5% |
| Taxes, remuneration and social security | 45 | €39,919 | €22,761 | -€17,158 | -43.0% |
| Taxes | 450/3 | €39,919 | €22,761 | -€17,158 | -43.0% |
| Other amounts payable | 47/48 | €0 | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,673 | €15,664 | +€2,991 | +23.6% |
| Other operating charges | 640/8 | €4,225 | €1,545 | -€2,680 | -63.4% |
| Gross operating margin | 9900 | €82,860 | €58,305 | -€24,555 | -29.6% |
| Operating profit (loss) | 9901 | €65,961 | €41,096 | -€24,866 | -37.7% |
| Financial income | 75/76B | €666 | €789 | +€123 | +18.4% |
| Recurring financial income | 75 | €666 | €789 | +€123 | +18.4% |
| Financial charges | 65/66B | €2,342 | €2,467 | +€124 | +5.3% |
| Recurring financial charges | 65 | €2,342 | €2,467 | +€124 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €64,285 | €39,418 | -€24,867 | -38.7% |
| Income taxes | 67/77 | €13,828 | €8,902 | -€4,925 | -35.6% |
| Profit (loss) for the period | 9904 | €50,458 | €30,516 | -€19,942 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,458 | €30,516 | -€19,942 | -39.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.