MARTINE SAMOUN: 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 SAMOUN
Largest movements
- Cash +€32,462
up €32,462 (+96.8%), from €33,529 to €65,991
mainly Net result for the year (+€16,184) and Depreciation (+€10,227)
- Tangible fixed assets -€8,798
down €8,798 (-11.0%), from €79,871 to €71,072
of which Plant, machinery and equipment: -€7,283
- Receivables within one year -€3,821
no longer reported in 2025 (was €3,821)
of which Trade receivables: -€2,070
- Deferred charges and accrued income +€3,481
up €3,481 (+229%), from €1,519 to €5,000
- Reserves +€13,494
up €13,494 (+13.0%), from €103,406 to €116,900
- Trade debts +€4,661
up €4,661 (+75.6%), from €6,169 to €10,829
- Tax, wage and social debts +€4,292
up €4,292 (+120%), from €3,579 to €7,872
- Taxes +€6,462
up €6,462 (+215%), from €3,006 to €9,469
- Gross operating margin +€515
up €515 (+1.4%), from €37,611 to €38,126
- Depreciation -€446
down €446 (-4.2%), from €10,674 to €10,227
- Other operating charges -€417
down €417 (-17.1%), from €2,441 to €2,024
From the 2024 result to the 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,740 | €142,064 | +€23,324 | +19.6% |
| Fixed assets | 21/28 | €79,871 | €71,072 | -€8,798 | -11.0% |
| Tangible fixed assets | 22/27 | €79,871 | €71,072 | -€8,798 | -11.0% |
| Land and buildings | 22 | €38,231 | €35,396 | -€2,835 | -7.4% |
| Plant, machinery and equipment | 23 | €41,539 | €34,256 | -€7,283 | -17.5% |
| Furniture and vehicles | 24 | €101 | €1,421 | +€1,320 | +1,310% |
| Current assets | 29/58 | €38,869 | €70,991 | +€32,122 | +82.6% |
| Amounts receivable within one year | 40/41 | €3,821 | - | -€3,821 | |
| Trade receivables | 40 | €2,070 | - | -€2,070 | |
| Other amounts receivable | 41 | €1,751 | - | -€1,751 | |
| Cash at bank and in hand | 54/58 | €33,529 | €65,991 | +€32,462 | +96.8% |
| Deferred charges and accrued income | 490/1 | €1,519 | €5,000 | +€3,481 | +229% |
| Total equity and liabilities | 10/49 | €118,740 | €142,064 | +€23,324 | +19.6% |
| Equity | 10/15 | €108,992 | €122,486 | +€13,494 | +12.4% |
| Reserves | 13 | €103,406 | €116,900 | +€13,494 | +13.0% |
| Distributable reserves | 133 | €103,406 | €116,900 | +€13,494 | +13.0% |
| Profit (loss) carried forward | 14 | €5,586 | €5,586 | = | 0.0% |
| Amounts payable | 17/49 | €9,748 | €19,577 | +€9,829 | +101% |
| Amounts payable within one year | 42/48 | €9,748 | €19,577 | +€9,829 | +101% |
| Trade debts | 44 | €6,169 | €10,829 | +€4,661 | +75.6% |
| Suppliers | 440/4 | €6,169 | €10,829 | +€4,661 | +75.6% |
| Taxes, remuneration and social security | 45 | €3,579 | €7,872 | +€4,292 | +120% |
| Taxes | 450/3 | €3,579 | €7,872 | +€4,292 | +120% |
| Other amounts payable | 47/48 | - | €876 | +€876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,674 | €10,227 | -€446 | -4.2% |
| Other operating charges | 640/8 | €2,441 | €2,024 | -€417 | -17.1% |
| Gross operating margin | 9900 | €37,611 | €38,126 | +€515 | +1.4% |
| Operating profit (loss) | 9901 | €24,496 | €25,874 | +€1,378 | +5.6% |
| Financial income | 75/76B | €108 | €36 | -€72 | -66.3% |
| Recurring financial income | 75 | €108 | €36 | -€72 | -66.3% |
| Financial charges | 65/66B | €153 | €259 | +€105 | +68.9% |
| Recurring financial charges | 65 | €153 | €259 | +€105 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €24,451 | €25,652 | +€1,201 | +4.9% |
| Income taxes | 67/77 | €3,006 | €9,469 | +€6,462 | +215% |
| Profit (loss) for the period | 9904 | €21,445 | €16,184 | -€5,261 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,445 | €16,184 | -€5,261 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.