MARTINEZ CONSTRUCTIONS: what changed
Two fiscal 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.
MARTINEZ CONSTRUCTIONS
Largest movements
- Stocks and contracts +€92,805
up €92,805 (+234.2%), from €39,625 to €132,430
- Receivables within one year -€76,052
down €76,052 (-19.0%), from €400,944 to €324,892
of which Trade receivables: -€50,915
- Tangible fixed assets -€35,942
down €35,942 (-18.7%), from €192,436 to €156,494
of which Furniture and vehicles: -€19,228
- Cash -€19,795
down €19,795 (-5.7%), from €348,305 to €328,510
mainly Stocks and contracts (-€92,805) and Contributions, distributions and other (-€60,000)
- Profit (loss) carried forward -€19,131
down €19,131 (-4.2%), from €455,673 to €436,542
- Tax, wage and social debts -€14,749
down €14,749 (-25.2%), from €58,631 to €43,882
of which Taxes: -€15,144
- Gross operating margin +€175,040
up €175,040 (+28.4%), from €616,780 to €791,821
- Staff costs +€134,279
up €134,279 (+27.4%), from €489,879 to €624,158
- Depreciation -€28,071
down €28,071 (-28.0%), from €100,354 to €72,283
- Financial charges +€22,528
up €22,528 (+312.3%), from €7,213 to €29,741
- Taxes +€14,738
up €14,738 (+489.7%), from €3,009 to €17,747
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.
Cash bridge derived
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 | €994,597 | €958,048 | -€36,549 | -3.7% |
| Fixed assets | 21/28 | €193,323 | €157,381 | -€35,942 | -18.6% |
| Tangible fixed assets | 22/27 | €192,436 | €156,494 | -€35,942 | -18.7% |
| Land and buildings | 22 | €81,939 | €63,852 | -€18,087 | -22.1% |
| Plant, machinery and equipment | 23 | €4,096 | €5,470 | +€1,374 | +33.5% |
| Furniture and vehicles | 24 | €106,400 | €87,172 | -€19,228 | -18.1% |
| Financial fixed assets | 28 | €887 | €887 | = | 0.0% |
| Current assets | 29/58 | €801,274 | €800,667 | -€607 | -0.1% |
| Stocks and contracts in progress | 3 | €39,625 | €132,430 | +€92,805 | +234.2% |
| Stocks | 30/36 | €39,625 | €132,430 | +€92,805 | +234.2% |
| Amounts receivable within one year | 40/41 | €400,944 | €324,892 | -€76,052 | -19.0% |
| Trade receivables | 40 | €274,800 | €223,885 | -€50,915 | -18.5% |
| Other amounts receivable | 41 | €126,144 | €101,007 | -€25,137 | -19.9% |
| Cash at bank and in hand | 54/58 | €348,305 | €328,510 | -€19,795 | -5.7% |
| Deferred charges and accrued income | 490/1 | €12,399 | €14,835 | +€2,435 | +19.6% |
| Total equity and liabilities | 10/49 | €994,597 | €958,048 | -€36,549 | -3.7% |
| Equity | 10/15 | €718,090 | €698,959 | -€19,131 | -2.7% |
| Contributions | 10/11 | €30,304 | €30,304 | = | 0.0% |
| Reserves | 13 | €232,113 | €232,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €122,220 | €122,220 | = | 0.0% |
| Reserves not available under the articles | 1311 | €122,220 | €122,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,280 | €46,280 | = | 0.0% |
| Distributable reserves | 133 | €63,612 | €63,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,673 | €436,542 | -€19,131 | -4.2% |
| Provisions and deferred taxes | 16 | €21,500 | €21,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,500 | €21,500 | = | 0.0% |
| Environmental obligations | 163 | €21,500 | €21,500 | = | 0.0% |
| Amounts payable | 17/49 | €255,007 | €237,589 | -€17,418 | -6.8% |
| Amounts payable after more than one year | 17 | €22,899 | €20,379 | -€2,520 | -11.0% |
| Financial debts | 170/4 | €22,899 | €20,379 | -€2,520 | -11.0% |
| Amounts payable within one year | 42/48 | €232,108 | €217,210 | -€14,897 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €43,178 | €33,531 | -€9,647 | -22.3% |
| Trade debts | 44 | €71,176 | €80,858 | +€9,682 | +13.6% |
| Suppliers | 440/4 | €71,176 | €80,858 | +€9,682 | +13.6% |
| Taxes, remuneration and social security | 45 | €58,631 | €43,882 | -€14,749 | -25.2% |
| Taxes | 450/3 | €58,591 | €43,447 | -€15,144 | -25.8% |
| Remuneration and social security | 454/9 | €40 | €435 | +€395 | +989.9% |
| Other amounts payable | 47/48 | €59,123 | €58,939 | -€184 | -0.3% |
| Non-recurring operating income | 76A | €20 | €248 | +€228 | +1123.7% |
| Remuneration, social security and pensions | 62 | €489,879 | €624,158 | +€134,279 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,354 | €72,283 | -€28,071 | -28.0% |
| Other operating charges | 640/8 | €7,862 | €8,023 | +€160 | +2.0% |
| Gross operating margin | 9900 | €616,780 | €791,821 | +€175,040 | +28.4% |
| Operating profit (loss) | 9901 | €18,685 | €87,357 | +€68,672 | +367.5% |
| Financial income | 75/76B | €823 | €1,000 | +€177 | +21.4% |
| Recurring financial income | 75 | €823 | €1,000 | +€177 | +21.4% |
| Financial charges | 65/66B | €7,213 | €29,741 | +€22,528 | +312.3% |
| Recurring financial charges | 65 | €7,213 | €29,741 | +€22,528 | +312.3% |
| Profit (loss) for the period before taxes | 9903 | €12,295 | €58,616 | +€46,321 | +376.7% |
| Income taxes | 67/77 | €3,009 | €17,747 | +€14,738 | +489.7% |
| Profit (loss) for the period | 9904 | €9,286 | €40,869 | +€31,583 | +340.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,286 | €40,869 | +€31,583 | +340.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.