MARTHA DORCAS: 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 DORCAS
Largest movements
- Receivables within one year +€34,801
up €34,801 (+107%), from €32,652 to €67,452
of which Trade receivables: +€64,459
- Cash +€28,817
up €28,817 (+109%), from €26,440 to €55,258
mainly Net result for the year (+€96,313) and Tax, wage and social debts (+€33,989)
- Profit (loss) carried forward +€34,942
up €34,942 (+248%), from €14,066 to €49,009
- Tax, wage and social debts +€33,989
up €33,989 (+162%), from €20,942 to €54,932
- Debts after one year -€8,980
down €8,980 (-46.4%), from €19,333 to €10,353
- Trade debts +€2,248
up €2,248 (+327%), from €688 to €2,936
- Gross operating margin +€125,084
up €125,084 (+1,799%), from €6,951 to €132,035
- Taxes +€29,331
up €29,331 (+23,938%), from €123 to €29,453
- Other operating charges +€2,410
up €2,410 (+390%), from €618 to €3,027
- Financial charges +€1,690
up €1,690 (+267%), from €633 to €2,323
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.
Derived cash bridge
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 | €64,805 | €127,709 | +€62,904 | +97.1% |
| Fixed assets | 21/28 | €5,713 | €4,508 | -€1,206 | -21.1% |
| Tangible fixed assets | 22/27 | €5,713 | €4,508 | -€1,206 | -21.1% |
| Furniture and vehicles | 24 | €5,713 | €4,508 | -€1,206 | -21.1% |
| Current assets | 29/58 | €59,092 | €123,202 | +€64,110 | +108% |
| Amounts receivable within one year | 40/41 | €32,652 | €67,452 | +€34,801 | +107% |
| Trade receivables | 40 | €2,881 | €67,341 | +€64,459 | +2,237% |
| Other amounts receivable | 41 | €29,770 | €112 | -€29,659 | -99.6% |
| Cash at bank and in hand | 54/58 | €26,440 | €55,258 | +€28,817 | +109% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €64,805 | €127,709 | +€62,904 | +97.1% |
| Equity | 10/15 | €15,566 | €50,509 | +€34,942 | +224% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,066 | €49,009 | +€34,942 | +248% |
| Amounts payable | 17/49 | €49,239 | €77,200 | +€27,962 | +56.8% |
| Amounts payable after more than one year | 17 | €19,333 | €10,353 | -€8,980 | -46.4% |
| Financial debts | 170/4 | €19,333 | €10,353 | -€8,980 | -46.4% |
| Amounts payable within one year | 42/48 | €29,906 | €66,847 | +€36,942 | +124% |
| Current portion of amounts payable after more than one year | 42 | €8,276 | €8,980 | +€704 | +8.5% |
| Trade debts | 44 | €688 | €2,936 | +€2,248 | +327% |
| Suppliers | 440/4 | €688 | €2,936 | +€2,248 | +327% |
| Taxes, remuneration and social security | 45 | €20,942 | €54,932 | +€33,989 | +162% |
| Taxes | 450/3 | €20,942 | €54,932 | +€33,989 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,958 | €3,406 | +€448 | +15.1% |
| Other operating charges | 640/8 | €618 | €3,027 | +€2,410 | +390% |
| Gross operating margin | 9900 | €6,951 | €132,035 | +€125,084 | +1,799% |
| Operating profit (loss) | 9901 | €3,375 | €125,602 | +€122,226 | +3,621% |
| Financial income | 75/76B | €1,568 | €2,487 | +€919 | +58.6% |
| Recurring financial income | 75 | €1,568 | €2,487 | +€919 | +58.6% |
| Financial charges | 65/66B | €633 | €2,323 | +€1,690 | +267% |
| Recurring financial charges | 65 | €633 | €2,323 | +€1,690 | +267% |
| Profit (loss) for the period before taxes | 9903 | €4,311 | €125,766 | +€121,455 | +2,818% |
| Income taxes | 67/77 | €123 | €29,453 | +€29,331 | +23,938% |
| Profit (loss) for the period | 9904 | €4,188 | €96,313 | +€92,124 | +2,200% |
| Profit (loss) for the period to be appropriated | 9905 | €4,188 | €96,313 | +€92,124 | +2,200% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.