MARTIN VAN BEIRS: what changed
MARTIN VAN BEIRS
Largest movements
- Receivables within one year +€93,163
up €93,163 (+242%), from €38,495 to €131,658
of which Trade receivables: +€91,059
- Cash +€27,277
up €27,277 (+10.4%), from €261,981 to €289,257
mainly Net result for the year (+€78,866) and Tax, wage and social debts (+€33,246)
- Reserves +€78,200
up €78,200 (+39.9%), from €196,050 to €274,250
- Tax, wage and social debts +€33,246
up €33,246 (+320%), from €10,400 to €43,646
- Trade debts +€11,793
up €11,793 (+71.5%), from €16,493 to €28,287
- Gross operating margin -€30,753
down €30,753 (-20.2%), from €152,212 to €121,459
- Taxes -€10,879
down €10,879 (-22.5%), from €48,344 to €37,466
- Write-downs +€3,300
new in 2025: €3,300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,649 | €421,624 | +€119,975 | +39.8% |
| Fixed assets | 21/28 | €846 | €382 | -€464 | -54.8% |
| Tangible fixed assets | 22/27 | €846 | €271 | -€575 | -68.0% |
| Furniture and vehicles | 24 | €846 | €271 | -€575 | -68.0% |
| Financial fixed assets | 28 | - | €111 | +€111 | |
| Current assets | 29/58 | €300,803 | €421,242 | +€120,439 | +40.0% |
| Amounts receivable within one year | 40/41 | €38,495 | €131,658 | +€93,163 | +242% |
| Trade receivables | 40 | €37,682 | €128,741 | +€91,059 | +242% |
| Other amounts receivable | 41 | €813 | €2,916 | +€2,104 | +259% |
| Cash at bank and in hand | 54/58 | €261,981 | €289,257 | +€27,277 | +10.4% |
| Deferred charges and accrued income | 490/1 | €327 | €327 | = | 0.0% |
| Total equity and liabilities | 10/49 | €301,649 | €421,624 | +€119,975 | +39.8% |
| Equity | 10/15 | €202,516 | €280,549 | +€78,033 | +38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €196,050 | €274,250 | +€78,200 | +39.9% |
| Distributable reserves | 133 | €196,050 | €274,250 | +€78,200 | +39.9% |
| Profit (loss) carried forward | 14 | €266 | €99 | -€167 | -62.8% |
| Amounts payable | 17/49 | €99,133 | €141,075 | +€41,942 | +42.3% |
| Amounts payable within one year | 42/48 | €99,133 | €141,075 | +€41,942 | +42.3% |
| Trade debts | 44 | €16,493 | €28,287 | +€11,793 | +71.5% |
| Suppliers | 440/4 | €16,493 | €28,287 | +€11,793 | +71.5% |
| Taxes, remuneration and social security | 45 | €10,400 | €43,646 | +€33,246 | +320% |
| Taxes | 450/3 | €10,400 | €43,646 | +€33,246 | +320% |
| Other amounts payable | 47/48 | €72,240 | €69,143 | -€3,097 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €575 | -€464 | -44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,300 | +€3,300 | |
| Other operating charges | 640/8 | €592 | €807 | +€215 | +36.3% |
| Gross operating margin | 9900 | €152,212 | €121,459 | -€30,753 | -20.2% |
| Operating profit (loss) | 9901 | €150,581 | €116,776 | -€33,804 | -22.4% |
| Financial income | 75/76B | €42 | €73 | +€32 | +76.1% |
| Recurring financial income | 75 | €42 | €73 | +€32 | +76.1% |
| Financial charges | 65/66B | €588 | €519 | -€70 | -11.8% |
| Recurring financial charges | 65 | €588 | €519 | -€70 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €150,034 | €116,331 | -€33,703 | -22.5% |
| Income taxes | 67/77 | €48,344 | €37,466 | -€10,879 | -22.5% |
| Profit (loss) for the period | 9904 | €101,690 | €78,866 | -€22,824 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,690 | €78,866 | -€22,824 | -22.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.