MARTIN: 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.
MARTIN
Largest movements
- Receivables within one year -€6,187
down €6,187 (-21.2%), from €29,149 to €22,962
of which Other amounts receivable: -€4,522
- Tax, wage and social debts -€3,725
no longer reported in 2025 (was €3,725)
- Advances received -€1,420
no longer reported in 2025 (was €1,420)
- Trade debts -€732
down €732 (-19.8%), from €3,704 to €2,972
- Profit (loss) carried forward -€339
down €339 (-2.4%), from €14,283 to €13,944
- Gross operating margin +€1,727
up €1,727 (+90.6%), from -€1,907 to -€180
- Other operating charges -€107
no longer reported in 2025 (was €107)
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 | €29,331 | €23,141 | -€6,190 | -21.1% |
| Current assets | 29/58 | €29,331 | €23,141 | -€6,190 | -21.1% |
| Amounts receivable within one year | 40/41 | €29,149 | €22,962 | -€6,187 | -21.2% |
| Trade receivables | 40 | €2,571 | €907 | -€1,665 | -64.7% |
| Other amounts receivable | 41 | €26,578 | €22,055 | -€4,522 | -17.0% |
| Cash at bank and in hand | 54/58 | €182 | €179 | -€3 | -1.6% |
| Total equity and liabilities | 10/49 | €29,331 | €23,141 | -€6,190 | -21.1% |
| Equity | 10/15 | €20,483 | €20,144 | -€339 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,283 | €13,944 | -€339 | -2.4% |
| Amounts payable | 17/49 | €8,848 | €2,997 | -€5,851 | -66.1% |
| Amounts payable within one year | 42/48 | €8,848 | €2,997 | -€5,851 | -66.1% |
| Financial debts | 43 | - | €25 | +€25 | |
| Credit institutions | 430/8 | - | €25 | +€25 | |
| Trade debts | 44 | €3,704 | €2,972 | -€732 | -19.8% |
| Suppliers | 440/4 | €3,704 | €2,972 | -€732 | -19.8% |
| Advances received on contracts in progress | 46 | €1,420 | - | -€1,420 | |
| Taxes, remuneration and social security | 45 | €3,725 | - | -€3,725 | |
| Taxes | 450/3 | €3,725 | - | -€3,725 | |
| Other operating charges | 640/8 | €107 | - | -€107 | |
| Gross operating margin | 9900 | -€1,907 | -€180 | +€1,727 | +90.6% |
| Operating profit (loss) | 9901 | -€2,014 | -€180 | +€1,834 | +91.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €154 | €164 | +€10 | +6.4% |
| Recurring financial charges | 65 | €154 | €164 | +€10 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,168 | -€339 | +€1,829 | +84.4% |
| Profit (loss) for the period | 9904 | -€2,168 | -€339 | +€1,829 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,168 | -€339 | +€1,829 | +84.4% |
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 12 October 2026 via checked.be.