MARTINAGE: 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.
MARTINAGE
Largest movements
- Current assets -€19,377
down €19,377 (-89.2%), from €21,723 to €2,346
of which Receivables within one year: -€17,299
- Trade debts -€19,460
down €19,460 (-84.6%), from €23,005 to €3,545
- Profit (loss) carried forward -€595
down €595 (-0.9%), from -€63,281 to -€63,876
- Tax, wage and social debts +€459
new in 2023: €459
- Other debts +€219
new in 2023: €219
- Gross operating margin -€2,924
down €2,924, from €2,481 to -€443
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,723 | €2,346 | -€19,377 | -89.2% |
| Current assets | 29/58 | €21,723 | €2,346 | -€19,377 | -89.2% |
| Amounts receivable within one year | 40/41 | €19,616 | €2,318 | -€17,299 | -88.2% |
| Trade receivables | 40 | - | €2,318 | +€2,318 | |
| Cash at bank and in hand | 54/58 | €67 | €29 | -€38 | -57.0% |
| Total equity and liabilities | 10/49 | €21,723 | €2,346 | -€19,377 | -89.2% |
| Equity | 10/15 | -€1,281 | -€1,876 | -€595 | -46.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Profit (loss) carried forward | 14 | -€63,281 | -€63,876 | -€595 | -0.9% |
| Amounts payable | 17/49 | €23,005 | €4,223 | -€18,782 | -81.6% |
| Amounts payable within one year | 42/48 | €23,005 | €4,223 | -€18,782 | -81.6% |
| Trade debts | 44 | €23,005 | €3,545 | -€19,460 | -84.6% |
| Suppliers | 440/4 | - | €3,545 | +€3,545 | |
| Taxes, remuneration and social security | 45 | - | €459 | +€459 | |
| Taxes | 450/3 | - | €459 | +€459 | |
| Other amounts payable | 47/48 | - | €219 | +€219 | |
| Gross operating margin | 9900 | €2,481 | -€443 | -€2,924 | |
| Operating profit (loss) | 9901 | €2,133 | -€443 | -€2,576 | |
| Recurring financial charges | 65 | €269 | - | -€269 | |
| Profit (loss) for the period before taxes | 9903 | €1,864 | -€443 | -€2,307 | |
| Profit (loss) for the period | 9904 | €1,864 | -€443 | -€2,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,864 | -€443 | -€2,307 |
Source: filed annual accounts (NBB), financial years ended 31 March 2021 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.