Marticon: 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.
Marticon
Largest movements
- Receivables within one year -€243,085
down €243,085 (-87.4%), from €278,038 to €34,953
of which Other amounts receivable: -€243,085
- Cash +€173,562
up €173,562 (+203.0%), from €85,517 to €259,079
mainly Receivables within one year (+€243,085) and Current investments (+€104,952)
- Current investments -€104,952
down €104,952 (-26.3%), from €399,752 to €294,799
- Tangible fixed assets -€31,349
down €31,349 (-3.6%), from €870,309 to €838,960
of which Land and buildings: -€31,303
- Other debts -€283,470
down €283,470 (-93.7%), from €302,644 to €19,174
- Debts after one year +€98,967
up €98,967 (+11.0%), from €900,003 to €998,970
- Tax, wage and social debts -€26,352
no longer reported in 2025 (was €26,352)
- Financial income +€19,743
up €19,743 (+1837.9%), from €1,074 to €20,817
- Other operating charges +€10,910
up €10,910 (+213.3%), from €5,114 to €16,024
- Gross operating margin +€3,849
up €3,849 (+12.5%), from €30,792 to €34,641
- Financial charges -€1,457
down €1,457 (-9.1%), from €16,012 to €14,554
- Depreciation -€630
down €630 (-1.9%), from €32,764 to €32,133
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,636,318 | €1,430,532 | -€205,786 | -12.6% |
| Fixed assets | 21/28 | €870,309 | €838,960 | -€31,349 | -3.6% |
| Tangible fixed assets | 22/27 | €870,309 | €838,960 | -€31,349 | -3.6% |
| Land and buildings | 22 | €865,137 | €833,834 | -€31,303 | -3.6% |
| Plant, machinery and equipment | 23 | €1,002 | €1,301 | +€299 | +29.8% |
| Furniture and vehicles | 24 | €4,170 | €3,825 | -€345 | -8.3% |
| Current assets | 29/58 | €766,010 | €591,572 | -€174,437 | -22.8% |
| Amounts receivable within one year | 40/41 | €278,038 | €34,953 | -€243,085 | -87.4% |
| Trade receivables | 40 | €547 | €547 | = | 0.0% |
| Other amounts receivable | 41 | €277,491 | €34,406 | -€243,085 | -87.6% |
| Current investments | 50/53 | €399,752 | €294,799 | -€104,952 | -26.3% |
| Cash at bank and in hand | 54/58 | €85,517 | €259,079 | +€173,562 | +203.0% |
| Deferred charges and accrued income | 490/1 | €2,702 | €2,741 | +€38 | +1.4% |
| Total equity and liabilities | 10/49 | €1,636,318 | €1,430,532 | -€205,786 | -12.6% |
| Equity | 10/15 | €353,662 | €345,653 | -€8,009 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €358,234 | €358,234 | = | 0.0% |
| Distributable reserves | 133 | €358,234 | €358,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,172 | -€31,181 | -€8,009 | -34.6% |
| Amounts payable | 17/49 | €1,282,656 | €1,084,879 | -€197,777 | -15.4% |
| Amounts payable after more than one year | 17 | €900,003 | €998,970 | +€98,967 | +11.0% |
| Financial debts | 170/4 | €900,003 | €998,970 | +€98,967 | +11.0% |
| Amounts payable within one year | 42/48 | €382,653 | €85,910 | -€296,744 | -77.5% |
| Current portion of amounts payable after more than one year | 42 | €50,395 | €51,501 | +€1,106 | +2.2% |
| Trade debts | 44 | €3,263 | €15,235 | +€11,972 | +366.9% |
| Suppliers | 440/4 | €3,263 | €15,235 | +€11,972 | +366.9% |
| Taxes, remuneration and social security | 45 | €26,352 | - | -€26,352 | |
| Taxes | 450/3 | €26,352 | - | -€26,352 | |
| Other amounts payable | 47/48 | €302,644 | €19,174 | -€283,470 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,764 | €32,133 | -€630 | -1.9% |
| Other operating charges | 640/8 | €5,114 | €16,024 | +€10,910 | +213.3% |
| Gross operating margin | 9900 | €30,792 | €34,641 | +€3,849 | +12.5% |
| Operating profit (loss) | 9901 | -€7,086 | -€13,516 | -€6,430 | -90.8% |
| Financial income | 75/76B | €1,074 | €20,817 | +€19,743 | +1837.9% |
| Recurring financial income | 75 | €1,074 | €20,817 | +€19,743 | +1837.9% |
| Financial charges | 65/66B | €16,012 | €14,554 | -€1,457 | -9.1% |
| Recurring financial charges | 65 | €16,012 | €14,554 | -€1,457 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,023 | -€7,253 | +€14,769 | +67.1% |
| Income taxes | 67/77 | €1,149 | €756 | -€393 | -34.2% |
| Profit (loss) for the period | 9904 | -€23,172 | -€8,009 | +€15,163 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,172 | -€8,009 | +€15,163 | +65.4% |
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 9 October 2026 via checked.be.