MARTEX: 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.
MARTEX
Largest movements
- Stocks and contracts -€20,365
no longer reported in 2024 (was €20,365)
- Receivables within one year +€19,892
up €19,892 (+47.8%), from €41,648 to €61,541
of which Other amounts receivable: +€12,203
- Cash -€1,683
down €1,683 (-93.4%), from €1,803 to €119
mainly Contributions, distributions and other (-€30,000) and Trade debts (-€20,990)
- Tangible fixed assets -€1,251
down €1,251 (-37.1%), from €3,374 to €2,123
of which Plant, machinery and equipment: -€1,300
- Trade debts -€20,990
down €20,990 (-99.1%), from €21,178 to €187
- Profit (loss) carried forward +€12,860
up €12,860, from -€1,186 to €11,674
- Tax, wage and social debts +€3,095
up €3,095 (+7.0%), from €44,440 to €47,535
of which Taxes: +€8,095
- Other debts +€1,700
new in 2024: €1,700
- Purchases and services -€192,896
no longer reported in 2024 (was €192,896)
- Turnover -€185,659
no longer reported in 2024 (was €185,659)
- Gross operating margin +€63,391
up €63,391, from -€7,057 to €56,334
- Write-downs +€9,830
new in 2024: €9,830
- Taxes +€3,772
new in 2024: €3,772
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,219 | €64,883 | -€3,335 | -4.9% |
| Fixed assets | 21/28 | €3,374 | €2,123 | -€1,251 | -37.1% |
| Tangible fixed assets | 22/27 | €3,374 | €2,123 | -€1,251 | -37.1% |
| Plant, machinery and equipment | 23 | €1,956 | €656 | -€1,300 | -66.5% |
| Furniture and vehicles | 24 | €1,418 | €1,467 | +€49 | +3.5% |
| Current assets | 29/58 | €64,845 | €62,760 | -€2,084 | -3.2% |
| Stocks and contracts in progress | 3 | €20,365 | - | -€20,365 | |
| Stocks | 30/36 | €20,365 | - | -€20,365 | |
| Amounts receivable within one year | 40/41 | €41,648 | €61,541 | +€19,892 | +47.8% |
| Trade receivables | 40 | €11,866 | €19,556 | +€7,690 | +64.8% |
| Other amounts receivable | 41 | €29,782 | €41,984 | +€12,203 | +41.0% |
| Cash at bank and in hand | 54/58 | €1,803 | €119 | -€1,683 | -93.4% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,100 | +€71 | +6.9% |
| Total equity and liabilities | 10/49 | €68,219 | €64,883 | -€3,335 | -4.9% |
| Equity | 10/15 | €1,014 | €13,874 | +€12,860 | +1268.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,186 | €11,674 | +€12,860 | |
| Amounts payable | 17/49 | €67,205 | €51,010 | -€16,196 | -24.1% |
| Amounts payable within one year | 42/48 | €67,205 | €51,010 | -€16,196 | -24.1% |
| Trade debts | 44 | €21,178 | €187 | -€20,990 | -99.1% |
| Suppliers | 440/4 | €21,178 | €187 | -€20,990 | -99.1% |
| Advances received on contracts in progress | 46 | €1,587 | €1,587 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,440 | €47,535 | +€3,095 | +7.0% |
| Taxes | 450/3 | €39,440 | €47,535 | +€8,095 | +20.5% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | - | €1,700 | +€1,700 | |
| Turnover | 70 | €185,659 | - | -€185,659 | |
| Goods, raw materials, services and sundry goods | 60/61 | €192,896 | - | -€192,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,109 | €2,760 | -€348 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,830 | +€9,830 | |
| Other operating charges | 640/8 | €344 | €598 | +€254 | +73.7% |
| Gross operating margin | 9900 | -€7,057 | €56,334 | +€63,391 | |
| Operating profit (loss) | 9901 | -€10,510 | €43,146 | +€53,656 | |
| Financial income | 75/76B | €2,917 | €3,834 | +€917 | +31.4% |
| Recurring financial income | 75 | €2,917 | €3,834 | +€917 | +31.4% |
| Financial charges | 65/66B | €361 | €347 | -€13 | -3.6% |
| Recurring financial charges | 65 | €361 | €347 | -€13 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,953 | €46,633 | +€54,586 | |
| Income taxes | 67/77 | - | €3,772 | +€3,772 | |
| Profit (loss) for the period | 9904 | -€7,953 | €42,860 | +€50,814 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,953 | €42,860 | +€50,814 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.