MARTINI: 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.
MARTINI
Largest movements
- Cash +€18,199
up €18,199 (+167.0%), from €10,900 to €29,099
mainly Other debts (+€27,900) and Net result for the year (+€1,757)
- Receivables within one year +€14,021
up €14,021 (+82.7%), from €16,947 to €30,968
of which Trade receivables: +€16,154
- Intangible fixed assets -€833
down €833 (-6.2%), from €13,333 to €12,500
- Other debts +€27,900
new in 2025: €27,900
- Profit (loss) carried forward +€1,757
up €1,757 (+22.3%), from €7,863 to €9,619
- Trade debts +€1,711
up €1,711 (+58.7%), from €2,915 to €4,626
- Gross operating margin +€640
up €640 (+26.1%), from €2,451 to €3,091
- Other operating charges -€240
down €240 (-47.1%), from €510 to €270
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 | €42,111 | €73,478 | +€31,368 | +74.5% |
| Fixed assets | 21/28 | €13,883 | €12,819 | -€1,064 | -7.7% |
| Intangible fixed assets | 21 | €13,333 | €12,500 | -€833 | -6.2% |
| Tangible fixed assets | 22/27 | €550 | €319 | -€231 | -42.0% |
| Plant, machinery and equipment | 23 | €174 | €18 | -€156 | -89.4% |
| Furniture and vehicles | 24 | €375 | €300 | -€75 | -20.0% |
| Current assets | 29/58 | €28,228 | €60,660 | +€32,432 | +114.9% |
| Stocks and contracts in progress | 3 | €380 | €592 | +€212 | +55.8% |
| Stocks | 30/36 | €380 | €592 | +€212 | +55.8% |
| Amounts receivable within one year | 40/41 | €16,947 | €30,968 | +€14,021 | +82.7% |
| Trade receivables | 40 | €11,402 | €27,555 | +€16,154 | +141.7% |
| Other amounts receivable | 41 | €5,546 | €3,413 | -€2,132 | -38.5% |
| Cash at bank and in hand | 54/58 | €10,900 | €29,099 | +€18,199 | +167.0% |
| Total equity and liabilities | 10/49 | €42,111 | €73,478 | +€31,368 | +74.5% |
| Equity | 10/15 | €14,196 | €15,952 | +€1,757 | +12.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €6,233 | €6,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,233 | €6,233 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,233 | €6,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,863 | €9,619 | +€1,757 | +22.3% |
| Amounts payable | 17/49 | €27,915 | €57,526 | +€29,611 | +106.1% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,915 | €32,526 | +€29,611 | +1015.7% |
| Trade debts | 44 | €2,915 | €4,626 | +€1,711 | +58.7% |
| Suppliers | 440/4 | €2,915 | €4,626 | +€1,711 | +58.7% |
| Other amounts payable | 47/48 | - | €27,900 | +€27,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €1,064 | = | 0.0% |
| Other operating charges | 640/8 | €510 | €270 | -€240 | -47.1% |
| Gross operating margin | 9900 | €2,451 | €3,091 | +€640 | +26.1% |
| Operating profit (loss) | 9901 | €877 | €1,757 | +€880 | +100.3% |
| Profit (loss) for the period before taxes | 9903 | €877 | €1,757 | +€880 | +100.3% |
| Profit (loss) for the period | 9904 | €877 | €1,757 | +€880 | +100.3% |
| Profit (loss) for the period to be appropriated | 9905 | €877 | €1,757 | +€880 | +100.3% |
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 5 October 2026 via checked.be.