MARTHIKA: 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.
What changed
MARTHIKA
NACE 56.111, Full-service restaurants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€43,191
2024 · €13,270-€56,461
Equity
€48,127
2024 · €91,318-€43,191
Cash
€54,355
2024 · €54,675-€320
Balance sheet total
€276,906
2024 · €261,900+€15,006
Largest movements
Assets
- Tangible fixed assets +€11,494
up €11,494 (+5.8%), from €197,797 to €209,291
of which Leasing and similar rights: +€21,881
Equity and liabilities
- Profit (loss) carried forward -€43,191
down €43,191 (-1126.2%), from -€3,835 to -€47,026
- Trade debts +€34,928
up €34,928 (+184.9%), from €18,889 to €53,817
- Debts after one year +€23,452
up €23,452 (+457.5%), from €5,126 to €28,578
- Current portion of long-term debt -€9,914
down €9,914 (-36.2%), from €27,387 to €17,473
- Other debts +€4,380
up €4,380 (+3.9%), from €111,327 to €115,707
Income statement
- Gross operating margin -€34,542
down €34,542 (-13.4%), from €257,676 to €223,135
- Staff costs +€19,100
up €19,100 (+9.5%), from €202,118 to €221,219
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.
Result 2024
€13,270
Gross operating margin
-€34,542
Staff costs
-€19,100
Depreciation
-€1,156
Other operating charges
-€751
Financial income
-€90
Financial charges
-€822
Result 2025
-€43,191
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.
From operations
+€37,731
Investment
-€51,590
Financing
+€13,539
Cash 2024
€54,675
From operations (derived)
+€37,731
Net result for the year
-€43,191
Depreciation
+€40,096
Stocks and contracts
-€750
Receivables within one year
-€2,459
Deferred charges and accrued income
-€623
Trade debts
+€34,928
Tax, wage and social debts
+€2,241
Other debts
+€4,380
Accrued charges and deferred income
+€3,109
Investment (derived)
-€51,590
Investment in fixed assets (net)
-€51,590
Financing
+€13,539
Debts after one year
+€23,452
Current portion of long-term debt
-€9,914
Cash 2025
€54,355
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,900 | €276,906 | +€15,006 | +5.7% |
| Fixed assets | 21/28 | €199,057 | €210,551 | +€11,494 | +5.8% |
| Tangible fixed assets | 22/27 | €197,797 | €209,291 | +€11,494 | +5.8% |
| Land and buildings | 22 | €156,476 | €141,084 | -€15,392 | -9.8% |
| Plant, machinery and equipment | 23 | €11,756 | €18,016 | +€6,260 | +53.3% |
| Furniture and vehicles | 24 | €3,069 | €1,815 | -€1,254 | -40.9% |
| Leasing and similar rights | 25 | €26,496 | €48,377 | +€21,881 | +82.6% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €62,843 | €66,355 | +€3,512 | +5.6% |
| Stocks and contracts in progress | 3 | - | €750 | +€750 | |
| Stocks | 30/36 | - | €750 | +€750 | |
| Amounts receivable within one year | 40/41 | €7,503 | €9,962 | +€2,459 | +32.8% |
| Trade receivables | 40 | €1,760 | €1,858 | +€98 | +5.6% |
| Other amounts receivable | 41 | €5,744 | €8,104 | +€2,360 | +41.1% |
| Cash at bank and in hand | 54/58 | €54,675 | €54,355 | -€320 | -0.6% |
| Deferred charges and accrued income | 490/1 | €664 | €1,288 | +€623 | +93.8% |
| Total equity and liabilities | 10/49 | €261,900 | €276,906 | +€15,006 | +5.7% |
| Equity | 10/15 | €91,318 | €48,127 | -€43,191 | -47.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €88,954 | €88,954 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,850 | €36,850 | = | 0.0% |
| Distributable reserves | 133 | €50,244 | €50,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,835 | -€47,026 | -€43,191 | -1126.2% |
| Amounts payable | 17/49 | €170,581 | €228,778 | +€58,197 | +34.1% |
| Amounts payable after more than one year | 17 | €5,126 | €28,578 | +€23,452 | +457.5% |
| Financial debts | 170/4 | €5,126 | €28,578 | +€23,452 | +457.5% |
| Amounts payable within one year | 42/48 | €164,573 | €196,208 | +€31,635 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €27,387 | €17,473 | -€9,914 | -36.2% |
| Trade debts | 44 | €18,889 | €53,817 | +€34,928 | +184.9% |
| Suppliers | 440/4 | €18,889 | €53,817 | +€34,928 | +184.9% |
| Taxes, remuneration and social security | 45 | €6,970 | €9,210 | +€2,241 | +32.1% |
| Taxes | 450/3 | €1,180 | €653 | -€526 | -44.6% |
| Remuneration and social security | 454/9 | €5,790 | €8,557 | +€2,767 | +47.8% |
| Other amounts payable | 47/48 | €111,327 | €115,707 | +€4,380 | +3.9% |
| Accrued charges and deferred income | 492/3 | €883 | €3,992 | +€3,109 | +352.3% |
| Remuneration, social security and pensions | 62 | €202,118 | €221,219 | +€19,100 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,940 | €40,096 | +€1,156 | +3.0% |
| Other operating charges | 640/8 | €1,880 | €2,631 | +€751 | +39.9% |
| Gross operating margin | 9900 | €257,676 | €223,135 | -€34,542 | -13.4% |
| Operating profit (loss) | 9901 | €14,738 | -€40,811 | -€55,549 | |
| Financial income | 75/76B | €97 | €7 | -€90 | -92.7% |
| Recurring financial income | 75 | €97 | €7 | -€90 | -92.7% |
| Financial charges | 65/66B | €1,395 | €2,218 | +€822 | +58.9% |
| Recurring financial charges | 65 | €1,395 | €2,218 | +€822 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €13,440 | -€43,021 | -€56,461 | |
| Income taxes | 67/77 | €170 | €170 | = | 0.0% |
| Profit (loss) for the period | 9904 | €13,270 | -€43,191 | -€56,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,270 | -€43,191 | -€56,461 |
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 10 October 2026 via checked.be.