MARTIELINE: 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.
MARTIELINE
Largest movements
- Stocks and contracts +€12,897
up €12,897 (+12.1%), from €106,894 to €119,791
- Tangible fixed assets -€12,172
down €12,172 (-88.3%), from €13,781 to €1,609
of which Other tangible fixed assets: -€10,667
- Receivables within one year -€7,054
down €7,054 (-77.7%), from €9,079 to €2,025
of which Other amounts receivable: -€6,011
- Cash -€4,266
down €4,266 (-8.1%), from €52,500 to €48,234
mainly Contributions, distributions and other (-€14,000) and Debts after one year (-€13,005)
- Debts after one year -€13,005
down €13,005 (-85.5%), from €15,212 to €2,207
- Contributions -€12,000
down €12,000 (-100%), from €12,000 to €0
- Reserves +€11,546
up €11,546 (+10.5%), from €109,793 to €121,339
of which Distributable reserves: +€11,546
- Trade debts +€3,144
up €3,144 (+19.0%), from €16,566 to €19,710
- Gross operating margin +€5,873
up €5,873 (+6.0%), from €98,481 to €104,354
- Staff costs +€2,338
up €2,338 (+3.4%), from €68,113 to €70,451
- Financial income -€1,625
down €1,625 (-26.0%), from €6,263 to €4,637
- Financial charges -€1,439
down €1,439 (-27.8%), from €5,169 to €3,731
- Taxes +€1,153
up €1,153 (+21.7%), from €5,327 to €6,480
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 | €182,878 | €172,183 | -€10,695 | -5.8% |
| Fixed assets | 21/28 | €13,781 | €1,609 | -€12,172 | -88.3% |
| Tangible fixed assets | 22/27 | €13,781 | €1,609 | -€12,172 | -88.3% |
| Plant, machinery and equipment | 23 | €2,997 | €1,491 | -€1,506 | -50.2% |
| Other tangible fixed assets | 26 | €10,784 | €117 | -€10,667 | -98.9% |
| Current assets | 29/58 | €169,097 | €170,574 | +€1,478 | +0.9% |
| Stocks and contracts in progress | 3 | €106,894 | €119,791 | +€12,897 | +12.1% |
| Stocks | 30/36 | €106,894 | €119,791 | +€12,897 | +12.1% |
| Amounts receivable within one year | 40/41 | €9,079 | €2,025 | -€7,054 | -77.7% |
| Trade receivables | 40 | €2,837 | €1,794 | -€1,043 | -36.8% |
| Other amounts receivable | 41 | €6,242 | €231 | -€6,011 | -96.3% |
| Cash at bank and in hand | 54/58 | €52,500 | €48,234 | -€4,266 | -8.1% |
| Deferred charges and accrued income | 490/1 | €624 | €524 | -€100 | -16.0% |
| Total equity and liabilities | 10/49 | €182,878 | €172,183 | -€10,695 | -5.8% |
| Equity | 10/15 | €121,793 | €121,339 | -€454 | -0.4% |
| Contributions | 10/11 | €12,000 | €0 | -€12,000 | -100% |
| Reserves | 13 | €109,793 | €121,339 | +€11,546 | +10.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €109,793 | €121,339 | +€11,546 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,085 | €50,844 | -€10,241 | -16.8% |
| Amounts payable after more than one year | 17 | €15,212 | €2,207 | -€13,005 | -85.5% |
| Financial debts | 170/4 | €15,212 | €2,207 | -€13,005 | -85.5% |
| Amounts payable within one year | 42/48 | €45,873 | €48,637 | +€2,764 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €12,339 | €12,957 | +€618 | +5.0% |
| Trade debts | 44 | €16,566 | €19,710 | +€3,144 | +19.0% |
| Suppliers | 440/4 | €16,566 | €19,710 | +€3,144 | +19.0% |
| Taxes, remuneration and social security | 45 | €16,968 | €15,969 | -€999 | -5.9% |
| Taxes | 450/3 | €8,450 | €6,966 | -€1,484 | -17.6% |
| Remuneration and social security | 454/9 | €8,518 | €9,004 | +€486 | +5.7% |
| Non-recurring operating income | 76A | €1,800 | €0 | -€1,800 | -100% |
| Remuneration, social security and pensions | 62 | €68,113 | €70,451 | +€2,338 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,563 | €12,172 | -€391 | -3.1% |
| Other operating charges | 640/8 | €2,424 | €2,611 | +€187 | +7.7% |
| Gross operating margin | 9900 | €98,481 | €104,354 | +€5,873 | +6.0% |
| Operating profit (loss) | 9901 | €15,381 | €19,120 | +€3,739 | +24.3% |
| Financial income | 75/76B | €6,263 | €4,637 | -€1,625 | -26.0% |
| Recurring financial income | 75 | €6,263 | €4,637 | -€1,625 | -26.0% |
| Financial charges | 65/66B | €5,169 | €3,731 | -€1,439 | -27.8% |
| Recurring financial charges | 65 | €5,169 | €3,731 | -€1,439 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €16,474 | €20,027 | +€3,553 | +21.6% |
| Income taxes | 67/77 | €5,327 | €6,480 | +€1,153 | +21.7% |
| Profit (loss) for the period | 9904 | €11,147 | €13,546 | +€2,399 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,147 | €13,546 | +€2,399 | +21.5% |
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 17 October 2026 via checked.be.