Martin Project & Solutions: 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 Project & Solutions
Largest movements
- Receivables within one year +€45,191
up €45,191 (+32.1%), from €140,784 to €185,976
of which Other amounts receivable: +€37,023
- Cash -€29,621
down €29,621 (-67.9%), from €43,643 to €14,022
mainly Receivables within one year (-€45,191) and Tax, wage and social debts (-€10,328)
- Tangible fixed assets +€6,689
new in 2024: €6,689
- Profit (loss) carried forward +€29,661
up €29,661 (+19.5%), from €152,043 to €181,704
- Tax, wage and social debts -€10,328
down €10,328 (-92.7%), from €11,146 to €818
- Trade debts +€2,944
up €2,944 (+378%), from €779 to €3,723
- Taxes -€55,607
no longer reported in 2024 (was €55,607)
- Gross operating margin -€28,369
down €28,369 (-46.9%), from €60,453 to €32,085
- Depreciation +€1,512
new in 2024: €1,512
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,428 | €206,704 | +€22,277 | +12.1% |
| Fixed assets | 21/28 | - | €6,689 | +€6,689 | |
| Tangible fixed assets | 22/27 | - | €6,689 | +€6,689 | |
| Furniture and vehicles | 24 | - | €6,689 | +€6,689 | |
| Current assets | 29/58 | €184,428 | €200,015 | +€15,588 | +8.5% |
| Amounts receivable within one year | 40/41 | €140,784 | €185,976 | +€45,191 | +32.1% |
| Trade receivables | 40 | €34,992 | €43,161 | +€8,169 | +23.3% |
| Other amounts receivable | 41 | €105,793 | €142,815 | +€37,023 | +35.0% |
| Cash at bank and in hand | 54/58 | €43,643 | €14,022 | -€29,621 | -67.9% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €184,428 | €206,704 | +€22,277 | +12.1% |
| Equity | 10/15 | €172,503 | €202,164 | +€29,661 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,043 | €181,704 | +€29,661 | +19.5% |
| Amounts payable | 17/49 | €11,924 | €4,541 | -€7,384 | -61.9% |
| Amounts payable within one year | 42/48 | €11,924 | €4,541 | -€7,384 | -61.9% |
| Trade debts | 44 | €779 | €3,723 | +€2,944 | +378% |
| Suppliers | 440/4 | €779 | €3,723 | +€2,944 | +378% |
| Taxes, remuneration and social security | 45 | €11,146 | €818 | -€10,328 | -92.7% |
| Taxes | 450/3 | €11,146 | €818 | -€10,328 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,512 | +€1,512 | |
| Other operating charges | 640/8 | €445 | €629 | +€184 | +41.3% |
| Gross operating margin | 9900 | €60,453 | €32,085 | -€28,369 | -46.9% |
| Operating profit (loss) | 9901 | €60,008 | €29,944 | -€30,064 | -50.1% |
| Financial income | 75/76B | €91 | - | -€91 | |
| Recurring financial income | 75 | €91 | - | -€91 | |
| Financial charges | 65/66B | €505 | €283 | -€222 | -43.9% |
| Recurring financial charges | 65 | €505 | €283 | -€222 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €59,594 | €29,661 | -€29,933 | -50.2% |
| Income taxes | 67/77 | €55,607 | - | -€55,607 | |
| Profit (loss) for the period | 9904 | €3,987 | €29,661 | +€25,674 | +644% |
| Profit (loss) for the period to be appropriated | 9905 | €3,987 | €29,661 | +€25,674 | +644% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.