Martial Serenity: 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.
Martial Serenity
Largest movements
- Cash -€345
down €345 (-2.9%), from €12,009 to €11,664
mainly Other debts (-€3,239) and Tax, wage and social debts (-€268)
- Tangible fixed assets -€309
down €309 (-10.0%), from €3,081 to €2,772
- Other debts -€3,239
down €3,239 (-44.2%), from €7,326 to €4,087
- Profit (loss) carried forward +€3,042
up €3,042 (+46.4%), from €6,559 to €9,601
- Tax, wage and social debts -€268
down €268 (-21.3%), from €1,259 to €991
- Trade debts -€218
no longer reported in 2025 (was €218)
- Gross operating margin -€1,003
down €1,003 (-18.2%), from €5,522 to €4,518
- Depreciation +€304
up €304 (+6,787%), from €4 to €309
- Taxes -€268
down €268 (-21.3%), from €1,259 to €991
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 | €17,361 | €16,679 | -€682 | -3.9% |
| Fixed assets | 21/28 | €3,081 | €2,772 | -€309 | -10.0% |
| Tangible fixed assets | 22/27 | €3,081 | €2,772 | -€309 | -10.0% |
| Other tangible fixed assets | 26 | €3,081 | €2,772 | -€309 | -10.0% |
| Current assets | 29/58 | €14,281 | €13,907 | -€374 | -2.6% |
| Stocks and contracts in progress | 3 | €475 | €328 | -€147 | -30.9% |
| Stocks | 30/36 | €475 | €328 | -€147 | -30.9% |
| Cash at bank and in hand | 54/58 | €12,009 | €11,664 | -€345 | -2.9% |
| Deferred charges and accrued income | 490/1 | €1,796 | €1,914 | +€118 | +6.6% |
| Total equity and liabilities | 10/49 | €17,361 | €16,679 | -€682 | -3.9% |
| Equity | 10/15 | €8,559 | €11,601 | +€3,042 | +35.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,559 | €9,601 | +€3,042 | +46.4% |
| Amounts payable | 17/49 | €8,803 | €5,078 | -€3,725 | -42.3% |
| Amounts payable within one year | 42/48 | €8,803 | €5,078 | -€3,725 | -42.3% |
| Trade debts | 44 | €218 | - | -€218 | |
| Suppliers | 440/4 | €218 | - | -€218 | |
| Taxes, remuneration and social security | 45 | €1,259 | €991 | -€268 | -21.3% |
| Taxes | 450/3 | €1,259 | €991 | -€268 | -21.3% |
| Other amounts payable | 47/48 | €7,326 | €4,087 | -€3,239 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €309 | +€304 | +6,787% |
| Other operating charges | 640/8 | €120 | €130 | +€10 | +8.3% |
| Gross operating margin | 9900 | €5,522 | €4,518 | -€1,003 | -18.2% |
| Operating profit (loss) | 9901 | €5,397 | €4,080 | -€1,317 | -24.4% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,351 | €4,033 | -€1,317 | -24.6% |
| Income taxes | 67/77 | €1,259 | €991 | -€268 | -21.3% |
| Profit (loss) for the period | 9904 | €4,092 | €3,042 | -€1,049 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,092 | €3,042 | -€1,049 | -25.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.