MARTINE COSMETICS: 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.
MARTINE COSMETICS
Largest movements
- Cash +€704,897
up €704,897 (+272%), from €258,734 to €963,631
mainly Trade debts (+€462,526) and Contributions, distributions and other (+€365,000)
- Receivables within one year +€490,063
up €490,063 (+87.2%), from €561,800 to €1.1m
of which Trade receivables: +€765,599
- Tangible fixed assets +€128,849
up €128,849 (+160%), from €80,428 to €209,277
of which Plant, machinery and equipment: +€141,833
- Intangible fixed assets +€67,745
up €67,745 (+83.6%), from €80,987 to €148,732
- Trade debts +€462,526
up €462,526 (+43.2%), from €1.1m to €1.5m
- Contributions +€365,000
up €365,000 (+365%), from €100,000 to €465,000
- Profit (loss) carried forward +€185,148
up €185,148 (+10.8%), from €1.7m to €1.9m
- Accrued charges and deferred income +€169,393
up €169,393, from €0 to €169,393
- Current portion of long-term debt +€165,000
up €165,000, from €0 to €165,000
- Staff costs -€249,009
down €249,009 (-82.8%), from €300,873 to €51,864
- Gross operating margin -€178,976
down €178,976 (-31.1%), from €574,689 to €395,714
- Financial charges -€143,973
down €143,973 (-93.2%), from €154,539 to €10,566
- Taxes +€51,595
up €51,595 (+213%), from €24,235 to €75,830
- Other operating charges -€24,685
down €24,685 (-89.7%), from €27,525 to €2,841
From the 31-03-2025 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,992,388 | €4,361,330 | +€1.4m | +45.7% |
| Fixed assets | 21/28 | €161,415 | €358,009 | +€196,594 | +122% |
| Intangible fixed assets | 21 | €80,987 | €148,732 | +€67,745 | +83.6% |
| Tangible fixed assets | 22/27 | €80,428 | €209,277 | +€128,849 | +160% |
| Plant, machinery and equipment | 23 | - | €141,833 | +€141,833 | |
| Furniture and vehicles | 24 | €80,428 | €67,443 | -€12,985 | -16.1% |
| Current assets | 29/58 | €2,830,974 | €4,003,321 | +€1.2m | +41.4% |
| Stocks and contracts in progress | 3 | €2,002,622 | €1,987,827 | -€14,795 | -0.7% |
| Stocks | 30/36 | €2,002,622 | €1,987,827 | -€14,795 | -0.7% |
| Amounts receivable within one year | 40/41 | €561,800 | €1,051,863 | +€490,063 | +87.2% |
| Trade receivables | 40 | €111,273 | €876,872 | +€765,599 | +688% |
| Other amounts receivable | 41 | €450,527 | €174,991 | -€275,536 | -61.2% |
| Cash at bank and in hand | 54/58 | €258,734 | €963,631 | +€704,897 | +272% |
| Deferred charges and accrued income | 490/1 | €7,818 | - | -€7,818 | |
| Total equity and liabilities | 10/49 | €2,992,388 | €4,361,330 | +€1.4m | +45.7% |
| Equity | 10/15 | €1,821,075 | €2,407,723 | +€586,648 | +32.2% |
| Contributions | 10/11 | €100,000 | €465,000 | +€365,000 | +365% |
| Capital | 10 | €100,000 | €465,000 | +€365,000 | +365% |
| Issued capital | 100 | €100,000 | €465,000 | +€365,000 | +365% |
| Reserves | 13 | €10,000 | €46,500 | +€36,500 | +365% |
| Non-distributable reserves | 130/1 | €10,000 | €46,500 | +€36,500 | +365% |
| Legal reserve | 130 | €10,000 | €46,500 | +€36,500 | +365% |
| Profit (loss) carried forward | 14 | €1,711,075 | €1,896,223 | +€185,148 | +10.8% |
| Amounts payable | 17/49 | €1,171,313 | €1,953,607 | +€782,294 | +66.8% |
| Amounts payable within one year | 42/48 | €1,171,313 | €1,784,214 | +€612,901 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €165,000 | +€165,000 | |
| Trade debts | 44 | €1,070,839 | €1,533,365 | +€462,526 | +43.2% |
| Suppliers | 440/4 | €1,070,839 | €1,533,365 | +€462,526 | +43.2% |
| Taxes, remuneration and social security | 45 | €100,474 | €23,782 | -€76,693 | -76.3% |
| Taxes | 450/3 | €91,284 | €17,229 | -€74,054 | -81.1% |
| Remuneration and social security | 454/9 | €9,191 | €6,552 | -€2,639 | -28.7% |
| Other amounts payable | 47/48 | €0 | €62,068 | +€62,068 | |
| Accrued charges and deferred income | 492/3 | €0 | €169,393 | +€169,393 | |
| Remuneration, social security and pensions | 62 | €300,873 | €51,864 | -€249,009 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,519 | €33,313 | +€13,794 | +70.7% |
| Other operating charges | 640/8 | €27,525 | €2,841 | -€24,685 | -89.7% |
| Gross operating margin | 9900 | €574,689 | €395,714 | -€178,976 | -31.1% |
| Operating profit (loss) | 9901 | €226,772 | €307,696 | +€80,924 | +35.7% |
| Financial income | 75/76B | €3,740 | €348 | -€3,391 | -90.7% |
| Recurring financial income | 75 | €3,740 | €348 | -€3,391 | -90.7% |
| Financial charges | 65/66B | €154,539 | €10,566 | -€143,973 | -93.2% |
| Recurring financial charges | 65 | €154,539 | €10,566 | -€143,973 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €75,973 | €297,478 | +€221,505 | +292% |
| Income taxes | 67/77 | €24,235 | €75,830 | +€51,595 | +213% |
| Profit (loss) for the period | 9904 | €51,738 | €221,648 | +€169,910 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €51,738 | €221,648 | +€169,910 | +328% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.