MARTIN-VAN EPPERZEEL: what changed
What changed
MARTIN-VAN EPPERZEEL
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€116,294
2024 · €154,003-€37,710
Equity
€325,419
2024 · €261,126+€64,294
Cash
€153,414
2024 · €169,845-€16,431
Balance sheet total
€431,741
2024 · €420,863+€10,879
Largest movements
Assets
- Tangible fixed assets +€21,318
up €21,318 (+43.3%), from €49,197 to €70,515
of which Furniture and vehicles: +€22,279
- Cash -€16,431
down €16,431 (-9.7%), from €169,845 to €153,414
mainly Other debts (-€99,883) and Contributions, distributions and other (-€52,000)
- Receivables within one year +€6,010
up €6,010 (+10.1%), from €59,403 to €65,413
of which Other amounts receivable: +€12,977
Equity and liabilities
- Other debts -€99,883
down €99,883 (-99.7%), from €100,190 to €307
- Reserves +€64,294
up €64,294 (+519%), from €12,394 to €76,687
of which Distributable reserves: +€64,294
- Tax, wage and social debts +€17,760
up €17,760 (+69.6%), from €25,505 to €43,266
- Debts after one year +€17,750
up €17,750 (+145%), from €12,249 to €29,999
- Current portion of long-term debt +€15,265
up €15,265 (+94.3%), from €16,194 to €31,459
Income statement
- Staff costs +€28,112
up €28,112 (+127%), from €22,162 to €50,274
- Taxes +€22,078
up €22,078 (+116%), from €19,018 to €41,096
- Gross operating margin +€10,196
up €10,196 (+4.5%), from €225,073 to €235,268
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.
Result 2024
€154,003
Gross operating margin
+€10,196
Staff costs
-€28,112
Depreciation
+€2,265
Other operating charges
-€326
Other operating items
+€9
Financial income
-€1,060
Financial charges
+€1,397
Taxes
-€22,078
Result 2025
€116,294
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€53,440
Investment
-€50,886
Financing
-€18,985
Cash 2024
€169,845
From operations (derived)
+€53,440
Net result for the year
+€116,294
Depreciation
+€29,568
Stocks and contracts
-€2,410
Receivables within one year
-€6,010
Deferred charges and accrued income
+€2,429
Trade debts
-€4,243
Tax, wage and social debts
+€17,760
Other debts
-€99,883
Accrued charges and deferred income
-€65
Investment (derived)
-€50,886
Investment in fixed assets (net)
-€50,886
Financing
-€18,985
Debts after one year
+€17,750
Current portion of long-term debt
+€15,265
Contributions, distributions and other
-€52,000
Cash 2025
€153,414
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,863 | €431,741 | +€10,879 | +2.6% |
| Fixed assets | 21/28 | €173,719 | €195,037 | +€21,318 | +12.3% |
| Tangible fixed assets | 22/27 | €49,197 | €70,515 | +€21,318 | +43.3% |
| Land and buildings | 22 | €6,586 | €6,586 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,756 | €2,796 | -€960 | -25.6% |
| Furniture and vehicles | 24 | €38,855 | €61,133 | +€22,279 | +57.3% |
| Financial fixed assets | 28 | €124,522 | €124,522 | = | 0.0% |
| Current assets | 29/58 | €247,143 | €236,704 | -€10,439 | -4.2% |
| Stocks and contracts in progress | 3 | €12,093 | €14,504 | +€2,410 | +19.9% |
| Stocks | 30/36 | €12,093 | €14,504 | +€2,410 | +19.9% |
| Amounts receivable within one year | 40/41 | €59,403 | €65,413 | +€6,010 | +10.1% |
| Trade receivables | 40 | €34,708 | €27,742 | -€6,967 | -20.1% |
| Other amounts receivable | 41 | €24,695 | €37,672 | +€12,977 | +52.6% |
| Cash at bank and in hand | 54/58 | €169,845 | €153,414 | -€16,431 | -9.7% |
| Deferred charges and accrued income | 490/1 | €5,802 | €3,373 | -€2,429 | -41.9% |
| Total equity and liabilities | 10/49 | €420,863 | €431,741 | +€10,879 | +2.6% |
| Equity | 10/15 | €261,126 | €325,419 | +€64,294 | +24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,394 | €76,687 | +€64,294 | +519% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,534 | €74,828 | +€64,294 | +610% |
| Profit (loss) carried forward | 14 | €230,140 | €230,140 | = | 0.0% |
| Amounts payable | 17/49 | €159,737 | €106,322 | -€53,415 | -33.4% |
| Amounts payable after more than one year | 17 | €12,249 | €29,999 | +€17,750 | +145% |
| Financial debts | 170/4 | €12,249 | €29,999 | +€17,750 | +145% |
| Amounts payable within one year | 42/48 | €147,183 | €76,083 | -€71,100 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €16,194 | €31,459 | +€15,265 | +94.3% |
| Trade debts | 44 | €5,293 | €1,050 | -€4,243 | -80.2% |
| Suppliers | 440/4 | €5,293 | €1,050 | -€4,243 | -80.2% |
| Taxes, remuneration and social security | 45 | €25,505 | €43,266 | +€17,760 | +69.6% |
| Taxes | 450/3 | €25,505 | €43,266 | +€17,760 | +69.6% |
| Other amounts payable | 47/48 | €100,190 | €307 | -€99,883 | -99.7% |
| Accrued charges and deferred income | 492/3 | €305 | €240 | -€65 | -21.3% |
| Remuneration, social security and pensions | 62 | €22,162 | €50,274 | +€28,112 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,833 | €29,568 | -€2,265 | -7.1% |
| Other operating charges | 640/8 | €3,044 | €3,369 | +€326 | +10.7% |
| Non-recurring operating charges | 66A | €59 | €50 | -€9 | -15.3% |
| Gross operating margin | 9900 | €225,073 | €235,268 | +€10,196 | +4.5% |
| Operating profit (loss) | 9901 | €167,975 | €152,007 | -€15,968 | -9.5% |
| Financial income | 75/76B | €8,326 | €7,266 | -€1,060 | -12.7% |
| Recurring financial income | 75 | €8,144 | €7,266 | -€878 | -10.8% |
| Non-recurring financial income | 76B | €182 | - | -€182 | |
| Financial charges | 65/66B | €3,280 | €1,883 | -€1,397 | -42.6% |
| Recurring financial charges | 65 | €3,280 | €1,883 | -€1,397 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €173,021 | €157,390 | -€15,631 | -9.0% |
| Income taxes | 67/77 | €19,018 | €41,096 | +€22,078 | +116% |
| Profit (loss) for the period | 9904 | €154,003 | €116,294 | -€37,710 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,003 | €116,294 | -€37,710 | -24.5% |
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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.