MARTINS-BAT: 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.
MARTINS-BAT
Largest movements
- Receivables within one year +€23,057
up €23,057 (+32.7%), from €70,618 to €93,675
of which Other amounts receivable: +€50,446
- Cash -€16,974
no longer reported in 2024 (was €16,974)
mainly Receivables within one year (-€23,057) and Trade debts (-€8,180)
- Tangible fixed assets +€4,644
up €4,644 (+292%), from €1,592 to €6,236
of which Furniture and vehicles: +€5,250
- Profit (loss) carried forward +€9,990
up €9,990 (+12.8%), from €78,305 to €88,295
- Short-term financial debts +€8,916
new in 2024: €8,916
- Trade debts -€8,180
no longer reported in 2024 (was €8,180)
- Purchases and services -€75,414
down €75,414 (-25.0%), from €302,112 to €226,698
- Turnover -€70,235
down €70,235 (-22.3%), from €315,417 to €245,182
- Gross operating margin +€6,536
up €6,536 (+49.1%), from €13,319 to €19,854
- Taxes -€3,682
down €3,682 (-42.0%), from €8,759 to €5,076
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,685 | €110,411 | +€10,726 | +10.8% |
| Fixed assets | 21/28 | €1,592 | €6,236 | +€4,644 | +292% |
| Tangible fixed assets | 22/27 | €1,592 | €6,236 | +€4,644 | +292% |
| Plant, machinery and equipment | 23 | €1,592 | €986 | -€606 | -38.1% |
| Furniture and vehicles | 24 | - | €5,250 | +€5,250 | |
| Current assets | 29/58 | €98,093 | €104,175 | +€6,083 | +6.2% |
| Amounts receivable within one year | 40/41 | €70,618 | €93,675 | +€23,057 | +32.7% |
| Trade receivables | 40 | €27,897 | €508 | -€27,389 | -98.2% |
| Other amounts receivable | 41 | €42,722 | €93,167 | +€50,446 | +118% |
| Cash at bank and in hand | 54/58 | €16,974 | - | -€16,974 | |
| Deferred charges and accrued income | 490/1 | €10,500 | €10,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €99,685 | €110,411 | +€10,726 | +10.8% |
| Equity | 10/15 | €91,505 | €101,495 | +€9,990 | +10.9% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Capital | 10 | €13,200 | €13,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €5,400 | €5,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,305 | €88,295 | +€9,990 | +12.8% |
| Amounts payable | 17/49 | €8,180 | €8,916 | +€737 | +9.0% |
| Amounts payable within one year | 42/48 | €8,180 | €8,916 | +€737 | +9.0% |
| Financial debts | 43 | - | €8,916 | +€8,916 | |
| Credit institutions | 430/8 | - | €8,916 | +€8,916 | |
| Trade debts | 44 | €8,180 | - | -€8,180 | |
| Suppliers | 440/4 | €8,180 | - | -€8,180 | |
| Turnover | 70 | €315,417 | €245,182 | -€70,235 | -22.3% |
| Non-recurring operating income | 76A | €14 | €1,371 | +€1,357 | +9,788% |
| Goods, raw materials, services and sundry goods | 60/61 | €302,112 | €226,698 | -€75,414 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,673 | €2,356 | +€683 | +40.8% |
| Other operating charges | 640/8 | €2,290 | €1,324 | -€966 | -42.2% |
| Gross operating margin | 9900 | €13,319 | €19,854 | +€6,536 | +49.1% |
| Operating profit (loss) | 9901 | €9,356 | €16,174 | +€6,818 | +72.9% |
| Financial charges | 65/66B | €702 | €1,108 | +€406 | +57.9% |
| Recurring financial charges | 65 | €702 | €1,108 | +€406 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €8,654 | €15,066 | +€6,412 | +74.1% |
| Income taxes | 67/77 | €8,759 | €5,076 | -€3,682 | -42.0% |
| Profit (loss) for the period | 9904 | -€105 | €9,990 | +€10,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105 | €9,990 | +€10,094 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.