Martinic Services: 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.
Martinic Services
Largest movements
- Cash -€49,567
down €49,567 (-51.5%), from €96,334 to €46,768
mainly Receivables within one year (-€39,447) and Trade debts (-€27,202)
- Receivables within one year +€39,447
up €39,447 (+121%), from €32,729 to €72,176
of which Other amounts receivable: +€40,407
- Deferred charges and accrued income +€11,421
up €11,421 (+9.1%), from €125,998 to €137,419
- Trade debts -€27,202
down €27,202 (-71.4%), from €38,080 to €10,878
- Tax, wage and social debts +€24,330
up €24,330 (+16.0%), from €151,735 to €176,065
of which Remuneration and social security: +€45,672
- Other debts +€7,948
up €7,948 (+428%), from €1,857 to €9,805
- Gross operating margin +€45,131
up €45,131 (+3.1%), from €1.5m to €1.5m
- Staff costs +€43,079
up €43,079 (+3.0%), from €1.5m to €1.5m
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 | €331,768 | €337,801 | +€6,032 | +1.8% |
| Fixed assets | 21/28 | €40,344 | €41,798 | +€1,454 | +3.6% |
| Intangible fixed assets | 21 | €141 | - | -€141 | |
| Tangible fixed assets | 22/27 | €1,226 | €2,820 | +€1,594 | +130% |
| Plant, machinery and equipment | 23 | €1,226 | €952 | -€273 | -22.3% |
| Furniture and vehicles | 24 | - | €1,868 | +€1,868 | |
| Financial fixed assets | 28 | €38,977 | €38,977 | = | 0.0% |
| Current assets | 29/58 | €291,424 | €296,003 | +€4,579 | +1.6% |
| Amounts receivable within one year | 40/41 | €32,729 | €72,176 | +€39,447 | +121% |
| Trade receivables | 40 | €2,784 | €1,824 | -€960 | -34.5% |
| Other amounts receivable | 41 | €29,945 | €70,352 | +€40,407 | +135% |
| Current investments | 50/53 | €36,364 | €39,641 | +€3,277 | +9.0% |
| Cash at bank and in hand | 54/58 | €96,334 | €46,768 | -€49,567 | -51.5% |
| Deferred charges and accrued income | 490/1 | €125,998 | €137,419 | +€11,421 | +9.1% |
| Total equity and liabilities | 10/49 | €331,768 | €337,801 | +€6,032 | +1.8% |
| Equity | 10/15 | €123,236 | €123,050 | -€186 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Distributable reserves | 133 | €46,860 | €46,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,176 | €69,990 | -€186 | -0.3% |
| Amounts payable | 17/49 | €208,532 | €214,750 | +€6,219 | +3.0% |
| Amounts payable within one year | 42/48 | €205,219 | €213,601 | +€8,382 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €13,547 | €16,854 | +€3,306 | +24.4% |
| Trade debts | 44 | €38,080 | €10,878 | -€27,202 | -71.4% |
| Suppliers | 440/4 | €38,080 | €10,878 | -€27,202 | -71.4% |
| Taxes, remuneration and social security | 45 | €151,735 | €176,065 | +€24,330 | +16.0% |
| Taxes | 450/3 | €24,116 | €2,774 | -€21,342 | -88.5% |
| Remuneration and social security | 454/9 | €127,619 | €173,291 | +€45,672 | +35.8% |
| Other amounts payable | 47/48 | €1,857 | €9,805 | +€7,948 | +428% |
| Accrued charges and deferred income | 492/3 | €3,313 | €1,150 | -€2,164 | -65.3% |
| Remuneration, social security and pensions | 62 | €1,454,371 | €1,497,450 | +€43,079 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €460 | +€2 | +0.5% |
| Other operating charges | 640/8 | €3,218 | €3,163 | -€55 | -1.7% |
| Gross operating margin | 9900 | €1,459,951 | €1,505,082 | +€45,131 | +3.1% |
| Operating profit (loss) | 9901 | €1,904 | €4,009 | +€2,105 | +111% |
| Financial income | 75/76B | €79 | €453 | +€374 | +473% |
| Recurring financial income | 75 | €79 | €453 | +€374 | +473% |
| Financial charges | 65/66B | €5,355 | €1,970 | -€3,385 | -63.2% |
| Recurring financial charges | 65 | €5,355 | €1,970 | -€3,385 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,371 | €2,493 | +€5,864 | |
| Income taxes | 67/77 | €1,083 | €2,679 | +€1,596 | +147% |
| Profit (loss) for the period | 9904 | -€4,454 | -€186 | +€4,268 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,454 | -€186 | +€4,268 | +95.8% |
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 23 October 2026 via checked.be.