MARTIAN: 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.
MARTIAN
Largest movements
- Cash +€103,389
up €103,389 (+130%), from €79,575 to €182,964
mainly Net result for the year (+€141,259) and Receivables within one year (+€90,731)
- Receivables within one year -€90,731
down €90,731 (-40.3%), from €225,264 to €134,533
of which Other amounts receivable: -€90,397
- Current investments +€18,000
up €18,000 (+12.5%), from €143,649 to €161,648
- Tangible fixed assets +€6,768
up €6,768 (+31.5%), from €21,497 to €28,266
of which Furniture and vehicles: +€9,730
- Reserves +€17,505
up €17,505 (+4.0%), from €440,397 to €457,902
- Short-term financial debts +€10,421
up €10,421 (+469%), from €2,220 to €12,641
- Trade debts +€6,079
up €6,079 (+203%), from €3,000 to €9,079
- Gross operating margin +€4,819
up €4,819 (+2.3%), from €209,890 to €214,709
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 | €475,469 | €514,154 | +€38,685 | +8.1% |
| Fixed assets | 21/28 | €21,497 | €28,266 | +€6,768 | +31.5% |
| Tangible fixed assets | 22/27 | €21,497 | €28,266 | +€6,768 | +31.5% |
| Plant, machinery and equipment | 23 | €8,167 | €5,842 | -€2,325 | -28.5% |
| Furniture and vehicles | 24 | €11,825 | €21,555 | +€9,730 | +82.3% |
| Other tangible fixed assets | 26 | €1,505 | €869 | -€636 | -42.3% |
| Current assets | 29/58 | €453,972 | €485,888 | +€31,916 | +7.0% |
| Amounts receivable within one year | 40/41 | €225,264 | €134,533 | -€90,731 | -40.3% |
| Trade receivables | 40 | €334 | €0 | -€334 | -100% |
| Other amounts receivable | 41 | €224,931 | €134,533 | -€90,397 | -40.2% |
| Current investments | 50/53 | €143,649 | €161,648 | +€18,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €79,575 | €182,964 | +€103,389 | +130% |
| Deferred charges and accrued income | 490/1 | €5,484 | €6,742 | +€1,258 | +22.9% |
| Total equity and liabilities | 10/49 | €475,469 | €514,154 | +€38,685 | +8.1% |
| Equity | 10/15 | €452,797 | €470,302 | +€17,505 | +3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €440,397 | €457,902 | +€17,505 | +4.0% |
| Distributable reserves | 133 | €440,397 | €457,902 | +€17,505 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,672 | €43,851 | +€21,180 | +93.4% |
| Amounts payable within one year | 42/48 | €22,672 | €43,851 | +€21,180 | +93.4% |
| Financial debts | 43 | €2,220 | €12,641 | +€10,421 | +469% |
| Credit institutions | 430/8 | €2,220 | €12,641 | +€10,421 | +469% |
| Trade debts | 44 | €3,000 | €9,079 | +€6,079 | +203% |
| Suppliers | 440/4 | €3,000 | €9,079 | +€6,079 | +203% |
| Taxes, remuneration and social security | 45 | €17,452 | €22,131 | +€4,679 | +26.8% |
| Taxes | 450/3 | €17,452 | €22,131 | +€4,679 | +26.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,084 | €5,759 | +€675 | +13.3% |
| Other operating charges | 640/8 | €0 | €116 | +€116 | |
| Gross operating margin | 9900 | €209,890 | €214,709 | +€4,819 | +2.3% |
| Operating profit (loss) | 9901 | €204,806 | €208,835 | +€4,029 | +2.0% |
| Financial income | 75/76B | €5 | €4 | -€1 | -16.4% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -16.4% |
| Financial charges | 65/66B | €1,433 | €900 | -€533 | -37.2% |
| Recurring financial charges | 65 | €1,433 | €900 | -€533 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €203,378 | €207,939 | +€4,561 | +2.2% |
| Income taxes | 67/77 | €65,453 | €66,680 | +€1,227 | +1.9% |
| Profit (loss) for the period | 9904 | €137,924 | €141,259 | +€3,334 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,924 | €141,259 | +€3,334 | +2.4% |
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 14 October 2026 via checked.be.