MARTIN IMMO PERFORMANCE: 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 IMMO PERFORMANCE
Largest movements
- Receivables within one year +€81,123
up €81,123 (+6.1%), from €1.3m to €1.4m
- Trade debts +€109,400
up €109,400 (+17392.6%), from €629 to €110,029
- Tax, wage and social debts -€76,956
down €76,956 (-83.9%), from €91,673 to €14,717
- Reserves +€32,000
up €32,000 (+7.7%), from €416,860 to €448,860
of which Distributable reserves: +€32,000
- Purchases and services -€133,316
down €133,316 (-98.3%), from €135,677 to €2,361
- Taxes -€67,245
down €67,245 (-55.8%), from €120,488 to €53,243
- Gross operating margin +€61,064
up €61,064 (+191.8%), from €31,830 to €92,894
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 | €1,371,147 | €1,445,826 | +€74,680 | +5.4% |
| Fixed assets | 21/28 | €38,112 | €31,600 | -€6,512 | -17.1% |
| Tangible fixed assets | 22/27 | €38,112 | €31,600 | -€6,512 | -17.1% |
| Plant, machinery and equipment | 23 | €2,010 | €914 | -€1,096 | -54.5% |
| Furniture and vehicles | 24 | €36,102 | €30,687 | -€5,415 | -15.0% |
| Current assets | 29/58 | €1,333,035 | €1,414,226 | +€81,191 | +6.1% |
| Amounts receivable within one year | 40/41 | €1,332,938 | €1,414,061 | +€81,123 | +6.1% |
| Other amounts receivable | 41 | €1,332,938 | €1,414,061 | +€81,123 | +6.1% |
| Cash at bank and in hand | 54/58 | €97 | €165 | +€68 | +70.3% |
| Total equity and liabilities | 10/49 | €1,371,147 | €1,445,826 | +€74,680 | +5.4% |
| Equity | 10/15 | €1,173,385 | €1,206,211 | +€32,826 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €416,860 | €448,860 | +€32,000 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €415,000 | €447,000 | +€32,000 | +7.7% |
| Profit (loss) carried forward | 14 | €737,925 | €738,751 | +€826 | +0.1% |
| Amounts payable | 17/49 | €197,761 | €239,615 | +€41,854 | +21.2% |
| Amounts payable within one year | 42/48 | €197,761 | €239,615 | +€41,854 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Financial debts | 43 | €590 | - | -€590 | |
| Credit institutions | 430/8 | €590 | - | -€590 | |
| Trade debts | 44 | €629 | €110,029 | +€109,400 | +17392.6% |
| Suppliers | 440/4 | €629 | €110,029 | +€109,400 | +17392.6% |
| Taxes, remuneration and social security | 45 | €91,673 | €14,717 | -€76,956 | -83.9% |
| Taxes | 450/3 | €91,673 | €14,717 | -€76,956 | -83.9% |
| Other amounts payable | 47/48 | €104,869 | €104,869 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €135,677 | €2,361 | -€133,316 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,609 | €6,512 | +€903 | +16.1% |
| Other operating charges | 640/8 | - | €24 | +€24 | |
| Gross operating margin | 9900 | €31,830 | €92,894 | +€61,064 | +191.8% |
| Operating profit (loss) | 9901 | €26,221 | €86,359 | +€60,138 | +229.3% |
| Financial charges | 65/66B | €360 | €290 | -€70 | -19.5% |
| Recurring financial charges | 65 | €360 | €290 | -€70 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €25,861 | €86,069 | +€60,208 | +232.8% |
| Transfer from deferred taxes | 780 | €99,112 | - | -€99,112 | |
| Income taxes | 67/77 | €120,488 | €53,243 | -€67,245 | -55.8% |
| Profit (loss) for the period | 9904 | €4,484 | €32,826 | +€28,342 | +632.0% |
| Transfer from tax-exempt reserves | 789 | €231,261 | - | -€231,261 | |
| Profit (loss) for the period to be appropriated | 9905 | €235,745 | €32,826 | -€202,919 | -86.1% |
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 11 October 2026 via checked.be.