Martimo: what changed
Two fiscal 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.
Martimo
Largest movements
- Receivables within one year +€866,166
up €866,166 (+16802.7%), from €5,155 to €871,321
- Tangible fixed assets -€45,659
down €45,659 (-100.0%), from €45,659 to €0
- Cash +€38,093
up €38,093 (+133.3%), from €28,587 to €66,680
mainly Net result for the year (+€645,331) and Provisions (+€214,021)
- Reserves +€645,331
up €645,331 (+1130.7%), from €57,075 to €702,406
of which Tax-exempt reserves: +€642,062
- Provisions +€214,021
new in 2025: €214,021
- Gross operating margin +€842,793
up €842,793 (+7427.7%), from €11,347 to €854,139
- Financial income +€10,412
up €10,412 (+3045.2%), from €342 to €10,754
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 | €83,124 | €941,776 | +€858,652 | +1033.0% |
| Fixed assets | 21/28 | €45,659 | €0 | -€45,659 | -100.0% |
| Tangible fixed assets | 22/27 | €45,659 | €0 | -€45,659 | -100.0% |
| Land and buildings | 22 | €45,659 | €0 | -€45,659 | -100.0% |
| Current assets | 29/58 | €37,465 | €941,776 | +€904,310 | +2413.7% |
| Amounts receivable within one year | 40/41 | €5,155 | €871,321 | +€866,166 | +16802.7% |
| Other amounts receivable | 41 | €5,155 | €871,321 | +€866,166 | +16802.7% |
| Current investments | 50/53 | €3,723 | €3,775 | +€52 | +1.4% |
| Cash at bank and in hand | 54/58 | €28,587 | €66,680 | +€38,093 | +133.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €83,124 | €941,776 | +€858,652 | +1033.0% |
| Equity | 10/15 | €75,675 | €721,006 | +€645,331 | +852.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,075 | €702,406 | +€645,331 | +1130.7% |
| Tax-exempt reserves | 132 | - | €642,062 | +€642,062 | |
| Distributable reserves | 133 | €57,075 | €60,344 | +€3,269 | +5.7% |
| Provisions and deferred taxes | 16 | - | €214,021 | +€214,021 | |
| Deferred taxes | 168 | - | €214,021 | +€214,021 | |
| Amounts payable | 17/49 | €7,449 | €6,749 | -€701 | -9.4% |
| Amounts payable within one year | 42/48 | €7,449 | €6,749 | -€701 | -9.4% |
| Trade debts | 44 | €4,415 | €5,152 | +€737 | +16.7% |
| Suppliers | 440/4 | €4,415 | €5,152 | +€737 | +16.7% |
| Taxes, remuneration and social security | 45 | €3,035 | €1,597 | -€1,438 | -47.4% |
| Taxes | 450/3 | €3,035 | €1,597 | -€1,438 | -47.4% |
| Other operating charges | 640/8 | €5,575 | €5,536 | -€39 | -0.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,347 | €854,139 | +€842,793 | +7427.7% |
| Operating profit (loss) | 9901 | €5,771 | €848,603 | +€842,832 | +14604.4% |
| Financial income | 75/76B | €342 | €10,754 | +€10,412 | +3045.2% |
| Recurring financial income | 75 | €342 | €10,754 | +€10,412 | +3045.2% |
| Financial charges | 65/66B | €61 | €42 | -€19 | -30.5% |
| Recurring financial charges | 65 | €61 | €42 | -€19 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €6,052 | €859,314 | +€853,262 | +14099.0% |
| Transfer to deferred taxes | 680 | - | €214,021 | +€214,021 | |
| Income taxes | 67/77 | €1,673 | -€38 | -€1,712 | |
| Profit (loss) for the period | 9904 | €4,379 | €645,331 | +€640,953 | +14638.3% |
| Transfer to tax-exempt reserves | 689 | - | €642,062 | +€642,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,379 | €3,269 | -€1,110 | -25.3% |
Source: filed annual accounts (NBB), fiscal 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.