MARTHE DUMORTIER: what changed
What changed
MARTHE DUMORTIER
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€19,513
2024 · €62,610-€43,097
Equity
€193,362
2024 · €173,849+€19,513
Cash
€4,315
2024 · €3,581+€734
Balance sheet total
€1.1m
2024 · €752,993+€338,363
Largest movements
Assets
- Receivables within one year +€291,603
up €291,603 (+54.3%), from €537,377 to €828,980
of which Trade receivables: +€221,327
- Stocks and contracts +€69,117
up €69,117 (+64.9%), from €106,433 to €175,550
- Deferred charges and accrued income -€23,827
no longer reported in 2025 (was €23,827)
Equity and liabilities
- Trade debts +€204,378
up €204,378 (+169%), from €120,956 to €325,334
- Short-term financial debts +€126,258
up €126,258 (+505%), from €25,000 to €151,258
- Profit (loss) carried forward +€19,513
up €19,513 (+21.8%), from €89,461 to €108,974
- Tax, wage and social debts +€16,233
up €16,233 (+49.6%), from €32,712 to €48,945
of which Taxes: +€13,967
- Accrued charges and deferred income -€14,306
no longer reported in 2025 (was €14,306)
Income statement
- Gross operating margin -€99,989
down €99,989 (-58.3%), from €171,389 to €71,400
- Other operating charges -€70,869
down €70,869 (-97.3%), from €72,863 to €1,994
- Financial income -€33,435
down €33,435 (-94.6%), from €35,354 to €1,920
- Taxes -€15,145
down €15,145 (-52.0%), from €29,149 to €14,004
- Financial charges -€4,057
down €4,057 (-29.3%), from €13,858 to €9,801
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,610
Gross operating margin
-€99,989
Staff costs
-€3,522
Depreciation
+€3,778
Other operating charges
+€70,869
Financial income
-€33,435
Financial charges
+€4,057
Taxes
+€15,145
Result 2025
€19,513
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€82,948
Investment
-€25,222
Financing
+€108,904
Cash 2024
€3,581
From operations (derived)
-€82,948
Net result for the year
+€19,513
Depreciation
+€24,486
Stocks and contracts
-€69,117
Receivables within one year
-€291,603
Deferred charges and accrued income
+€23,827
Trade debts
+€204,378
Tax, wage and social debts
+€16,233
Other debts
+€3,642
Accrued charges and deferred income
-€14,306
Investment (derived)
-€25,222
Investment in fixed assets (net)
-€25,222
Financing
+€108,904
Debts after one year
-€6,900
Current portion of long-term debt
-€10,455
Short-term financial debts
+€126,258
Cash 2025
€4,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €752,993 | €1,091,355 | +€338,363 | +44.9% |
| Fixed assets | 21/28 | €81,775 | €82,511 | +€736 | +0.9% |
| Intangible fixed assets | 21 | €6,487 | €6,560 | +€74 | +1.1% |
| Tangible fixed assets | 22/27 | €50,288 | €50,950 | +€662 | +1.3% |
| Land and buildings | 22 | - | €10,632 | +€10,632 | |
| Plant, machinery and equipment | 23 | €4,071 | €3,508 | -€563 | -13.8% |
| Furniture and vehicles | 24 | €11,896 | €9,270 | -€2,626 | -22.1% |
| Other tangible fixed assets | 26 | €34,322 | €27,540 | -€6,782 | -19.8% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €671,218 | €1,008,845 | +€337,627 | +50.3% |
| Stocks and contracts in progress | 3 | €106,433 | €175,550 | +€69,117 | +64.9% |
| Stocks | 30/36 | €106,433 | €175,550 | +€69,117 | +64.9% |
| Amounts receivable within one year | 40/41 | €537,377 | €828,980 | +€291,603 | +54.3% |
| Trade receivables | 40 | €451,697 | €673,023 | +€221,327 | +49.0% |
| Other amounts receivable | 41 | €85,680 | €155,957 | +€70,276 | +82.0% |
| Cash at bank and in hand | 54/58 | €3,581 | €4,315 | +€734 | +20.5% |
| Deferred charges and accrued income | 490/1 | €23,827 | - | -€23,827 | |
| Total equity and liabilities | 10/49 | €752,993 | €1,091,355 | +€338,363 | +44.9% |
| Equity | 10/15 | €173,849 | €193,362 | +€19,513 | +11.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €22,888 | €22,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €16,738 | €16,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,461 | €108,974 | +€19,513 | +21.8% |
| Amounts payable | 17/49 | €579,143 | €897,993 | +€318,850 | +55.1% |
| Amounts payable after more than one year | 17 | €138,425 | €131,525 | -€6,900 | -5.0% |
| Financial debts | 170/4 | €138,425 | €131,525 | -€6,900 | -5.0% |
| Amounts payable within one year | 42/48 | €426,412 | €766,468 | +€340,056 | +79.7% |
| Current portion of amounts payable after more than one year | 42 | €29,408 | €18,953 | -€10,455 | -35.6% |
| Financial debts | 43 | €25,000 | €151,258 | +€126,258 | +505% |
| Credit institutions | 430/8 | €25,000 | €151,258 | +€126,258 | +505% |
| Trade debts | 44 | €120,956 | €325,334 | +€204,378 | +169% |
| Suppliers | 440/4 | €120,956 | €325,334 | +€204,378 | +169% |
| Taxes, remuneration and social security | 45 | €32,712 | €48,945 | +€16,233 | +49.6% |
| Taxes | 450/3 | €32,712 | €46,680 | +€13,967 | +42.7% |
| Remuneration and social security | 454/9 | - | €2,265 | +€2,265 | |
| Other amounts payable | 47/48 | €218,337 | €221,979 | +€3,642 | +1.7% |
| Accrued charges and deferred income | 492/3 | €14,306 | - | -€14,306 | |
| Remuneration, social security and pensions | 62 | - | €3,522 | +€3,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,264 | €24,486 | -€3,778 | -13.4% |
| Other operating charges | 640/8 | €72,863 | €1,994 | -€70,869 | -97.3% |
| Gross operating margin | 9900 | €171,389 | €71,400 | -€99,989 | -58.3% |
| Operating profit (loss) | 9901 | €70,262 | €41,398 | -€28,864 | -41.1% |
| Financial income | 75/76B | €35,354 | €1,920 | -€33,435 | -94.6% |
| Recurring financial income | 75 | €35,354 | €1,920 | -€33,435 | -94.6% |
| Financial charges | 65/66B | €13,858 | €9,801 | -€4,057 | -29.3% |
| Recurring financial charges | 65 | €13,858 | €9,801 | -€4,057 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €91,758 | €33,516 | -€58,242 | -63.5% |
| Income taxes | 67/77 | €29,149 | €14,004 | -€15,145 | -52.0% |
| Profit (loss) for the period | 9904 | €62,610 | €19,513 | -€43,097 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,610 | €19,513 | -€43,097 | -68.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.