Martha Atelier: 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.
Martha Atelier
Largest movements
- Receivables within one year -€64,376
down €64,376 (-98.4%), from €65,398 to €1,022
of which Other amounts receivable: -€35,126
- Cash +€35,123
up €35,123 (+4,489%), from €783 to €35,906
mainly Receivables within one year (+€64,376) and Debts after one year (+€50,000)
- Trade debts -€67,131
down €67,131 (-34.6%), from €193,890 to €126,759
- Debts after one year +€50,000
up €50,000 (+15.2%), from €329,820 to €379,820
- Profit (loss) carried forward -€36,715
down €36,715 (-26.9%), from -€136,489 to -€173,204
- Short-term financial debts +€25,099
up €25,099 (+36,051%), from €70 to €25,169
- Tax, wage and social debts +€11,646
up €11,646 (+6,001%), from €194 to €11,840
- Gross operating margin +€9,234
up €9,234 (+31.0%), from -€29,799 to -€20,566
- Financial charges +€3,693
up €3,693 (+1,977%), from €187 to €3,879
- Staff costs -€2,274
down €2,274 (-100%), from €2,274 to €0
- Other operating charges +€2,188
up €2,188 (+152%), from €1,435 to €3,623
- Depreciation +€515
up €515 (+6.5%), from €7,893 to €8,408
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 | €662,757 | €638,703 | -€24,054 | -3.6% |
| Fixed assets | 21/28 | €50,953 | €52,113 | +€1,161 | +2.3% |
| Tangible fixed assets | 22/27 | €50,953 | €52,113 | +€1,161 | +2.3% |
| Plant, machinery and equipment | 23 | €2,750 | €2,560 | -€190 | -6.9% |
| Furniture and vehicles | 24 | €6,765 | €5,469 | -€1,296 | -19.2% |
| Other tangible fixed assets | 26 | €41,438 | €44,084 | +€2,647 | +6.4% |
| Current assets | 29/58 | €611,805 | €586,590 | -€25,215 | -4.1% |
| Stocks and contracts in progress | 3 | €542,521 | €547,945 | +€5,424 | +1.0% |
| Contracts in progress | 37 | €542,521 | €547,945 | +€5,424 | +1.0% |
| Amounts receivable within one year | 40/41 | €65,398 | €1,022 | -€64,376 | -98.4% |
| Trade receivables | 40 | €29,250 | €0 | -€29,250 | -100% |
| Other amounts receivable | 41 | €36,148 | €1,022 | -€35,126 | -97.2% |
| Cash at bank and in hand | 54/58 | €783 | €35,906 | +€35,123 | +4,489% |
| Deferred charges and accrued income | 490/1 | €3,103 | €1,717 | -€1,387 | -44.7% |
| Total equity and liabilities | 10/49 | €662,757 | €638,703 | -€24,054 | -3.6% |
| Equity | 10/15 | €113,511 | €76,796 | -€36,715 | -32.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,489 | -€173,204 | -€36,715 | -26.9% |
| Amounts payable | 17/49 | €549,246 | €561,907 | +€12,661 | +2.3% |
| Amounts payable after more than one year | 17 | €329,820 | €379,820 | +€50,000 | +15.2% |
| Financial debts | 170/4 | €329,820 | €379,820 | +€50,000 | +15.2% |
| Amounts payable within one year | 42/48 | €219,426 | €180,879 | -€38,547 | -17.6% |
| Financial debts | 43 | €70 | €25,169 | +€25,099 | +36,051% |
| Credit institutions | 430/8 | €70 | €25,169 | +€25,099 | +36,051% |
| Trade debts | 44 | €193,890 | €126,759 | -€67,131 | -34.6% |
| Suppliers | 440/4 | €193,890 | €126,759 | -€67,131 | -34.6% |
| Taxes, remuneration and social security | 45 | €194 | €11,840 | +€11,646 | +6,001% |
| Taxes | 450/3 | €194 | €11,840 | +€11,646 | +6,001% |
| Other amounts payable | 47/48 | €25,273 | €17,112 | -€8,161 | -32.3% |
| Accrued charges and deferred income | 492/3 | €0 | €1,208 | +€1,208 | |
| Remuneration, social security and pensions | 62 | €2,274 | €0 | -€2,274 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €8,408 | +€515 | +6.5% |
| Other operating charges | 640/8 | €1,435 | €3,623 | +€2,188 | +152% |
| Gross operating margin | 9900 | -€29,799 | -€20,566 | +€9,234 | +31.0% |
| Operating profit (loss) | 9901 | -€41,401 | -€32,596 | +€8,805 | +21.3% |
| Financial income | 75/76B | €2 | €3 | +€1 | +70.7% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +70.7% |
| Financial charges | 65/66B | €187 | €3,879 | +€3,693 | +1,977% |
| Recurring financial charges | 65 | €187 | €3,879 | +€3,693 | +1,977% |
| Profit (loss) for the period before taxes | 9903 | -€41,586 | -€36,472 | +€5,113 | +12.3% |
| Income taxes | 67/77 | €194 | €243 | +€48 | +25.0% |
| Profit (loss) for the period | 9904 | -€41,780 | -€36,715 | +€5,065 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,780 | -€36,715 | +€5,065 | +12.1% |
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 26 October 2026 via checked.be.