MARTINEZ CYRIL: 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.
MARTINEZ CYRIL
Largest movements
- Cash +€17,618
up €17,618 (+66.9%), from €26,343 to €43,962
mainly Net result for the year (+€26,779) and Depreciation (+€958)
- Receivables after one year +€8,900
new in 2025: €8,900
- Receivables within one year +€1,270
up €1,270 (+25.1%), from €5,054 to €6,324
of which Trade receivables: +€1,242
- Tangible fixed assets -€958
down €958 (-44.5%), from €2,153 to €1,195
- Profit (loss) carried forward +€26,779
up €26,779 (+106%), from €25,339 to €52,119
- Turnover +€96,447
new in 2025: €96,447
- Purchases and services +€62,418
new in 2025: €62,418
- Gross operating margin +€1,341
up €1,341 (+4.0%), from €33,143 to €34,484
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 | €33,842 | €60,485 | +€26,643 | +78.7% |
| Fixed assets | 21/28 | €2,153 | €1,195 | -€958 | -44.5% |
| Tangible fixed assets | 22/27 | €2,153 | €1,195 | -€958 | -44.5% |
| Furniture and vehicles | 24 | €2,153 | €1,195 | -€958 | -44.5% |
| Current assets | 29/58 | €31,689 | €59,289 | +€27,601 | +87.1% |
| Amounts receivable after more than one year | 29 | - | €8,900 | +€8,900 | |
| Other amounts receivable | 291 | - | €8,900 | +€8,900 | |
| Amounts receivable within one year | 40/41 | €5,054 | €6,324 | +€1,270 | +25.1% |
| Trade receivables | 40 | €5,054 | €6,296 | +€1,242 | +24.6% |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €26,343 | €43,962 | +€17,618 | +66.9% |
| Deferred charges and accrued income | 490/1 | €291 | €104 | -€188 | -64.4% |
| Total equity and liabilities | 10/49 | €33,842 | €60,485 | +€26,643 | +78.7% |
| Equity | 10/15 | €26,339 | €53,119 | +€26,779 | +102% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €25,339 | €52,119 | +€26,779 | +106% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Amounts payable | 17/49 | €7,502 | €7,366 | -€136 | -1.8% |
| Amounts payable within one year | 42/48 | €7,502 | €7,334 | -€168 | -2.2% |
| Trade debts | 44 | €455 | €300 | -€155 | -34.1% |
| Suppliers | 440/4 | €455 | €300 | -€155 | -34.1% |
| Taxes, remuneration and social security | 45 | €6,461 | €7,034 | +€573 | +8.9% |
| Taxes | 450/3 | €6,461 | €7,034 | +€573 | +8.9% |
| Other amounts payable | 47/48 | €586 | - | -€586 | |
| Accrued charges and deferred income | 492/3 | €0 | €32 | +€32 | |
| Turnover | 70 | - | €96,447 | +€96,447 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €62,418 | +€62,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €958 | +€237 | +33.0% |
| Other operating charges | 640/8 | €537 | €550 | +€12 | +2.3% |
| Gross operating margin | 9900 | €33,143 | €34,484 | +€1,341 | +4.0% |
| Operating profit (loss) | 9901 | €31,885 | €32,977 | +€1,092 | +3.4% |
| Financial income | 75/76B | €20 | €656 | +€635 | +3,120% |
| Recurring financial income | 75 | €20 | €656 | +€635 | +3,120% |
| Financial charges | 65/66B | - | €34 | +€34 | |
| Recurring financial charges | 65 | - | €34 | +€34 | |
| Profit (loss) for the period before taxes | 9903 | €31,906 | €33,599 | +€1,693 | +5.3% |
| Income taxes | 67/77 | €6,566 | €6,819 | +€253 | +3.9% |
| Profit (loss) for the period | 9904 | €25,339 | €26,779 | +€1,440 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,339 | €26,779 | +€1,440 | +5.7% |
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 27 October 2026 via checked.be.