MARTICOS: 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.
MARTICOS
Largest movements
- Receivables within one year +€18,150
up €18,150 (+75.0%), from €24,200 to €42,350
- Cash +€2,633
up €2,633 (+18.4%), from €14,320 to €16,953
mainly Net result for the year (+€28,551) and Tax, wage and social debts (+€7,467)
- Reserves +€72,918
new in 2025: €72,918
- Profit (loss) carried forward -€44,367
no longer reported in 2025 (was €44,367)
- Other debts -€15,356
down €15,356 (-10.9%), from €140,784 to €125,428
- Tax, wage and social debts +€7,467
up €7,467 (+54.7%), from €13,660 to €21,127
- Financial income -€24,991
down €24,991 (-99.6%), from €25,081 to €90
- Gross operating margin +€15,827
up €15,827 (+60.2%), from €26,312 to €42,139
- Financial charges +€3,471
up €3,471 (+3471.5%), from €100 to €3,571
- Taxes +€3,106
up €3,106 (+47.5%), from €6,538 to €9,644
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 | €202,261 | €223,044 | +€20,783 | +10.3% |
| Fixed assets | 21/28 | €163,741 | €163,741 | = | 0.0% |
| Financial fixed assets | 28 | €163,741 | €163,741 | = | 0.0% |
| Current assets | 29/58 | €38,520 | €59,303 | +€20,783 | +54.0% |
| Amounts receivable within one year | 40/41 | €24,200 | €42,350 | +€18,150 | +75.0% |
| Trade receivables | 40 | €24,200 | €42,350 | +€18,150 | +75.0% |
| Cash at bank and in hand | 54/58 | €14,320 | €16,953 | +€2,633 | +18.4% |
| Total equity and liabilities | 10/49 | €202,261 | €223,044 | +€20,783 | +10.3% |
| Equity | 10/15 | €47,367 | €75,918 | +€28,551 | +60.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €72,918 | +€72,918 | |
| Distributable reserves | 133 | - | €72,918 | +€72,918 | |
| Profit (loss) carried forward | 14 | €44,367 | - | -€44,367 | |
| Amounts payable | 17/49 | €154,894 | €147,126 | -€7,768 | -5.0% |
| Amounts payable within one year | 42/48 | €154,894 | €147,126 | -€7,768 | -5.0% |
| Trade debts | 44 | €450 | €571 | +€121 | +26.9% |
| Suppliers | 440/4 | €450 | €571 | +€121 | +26.9% |
| Taxes, remuneration and social security | 45 | €13,660 | €21,127 | +€7,467 | +54.7% |
| Taxes | 450/3 | €13,660 | €21,127 | +€7,467 | +54.7% |
| Other amounts payable | 47/48 | €140,784 | €125,428 | -€15,356 | -10.9% |
| Other operating charges | 640/8 | €387 | €462 | +€74 | +19.2% |
| Gross operating margin | 9900 | €26,312 | €42,139 | +€15,827 | +60.2% |
| Operating profit (loss) | 9901 | €25,924 | €41,677 | +€15,753 | +60.8% |
| Financial income | 75/76B | €25,081 | €90 | -€24,991 | -99.6% |
| Recurring financial income | 75 | €25,081 | €90 | -€24,991 | -99.6% |
| Financial charges | 65/66B | €100 | €3,571 | +€3,471 | +3471.5% |
| Recurring financial charges | 65 | €100 | €3,571 | +€3,471 | +3471.5% |
| Profit (loss) for the period before taxes | 9903 | €50,905 | €38,196 | -€12,710 | -25.0% |
| Income taxes | 67/77 | €6,538 | €9,644 | +€3,106 | +47.5% |
| Profit (loss) for the period | 9904 | €44,367 | €28,551 | -€15,816 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,367 | €28,551 | -€15,816 | -35.6% |
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 12 October 2026 via checked.be.