MartinsTec: 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.
MartinsTec
Largest movements
- Receivables within one year +€66,624
up €66,624 (+46.4%), from €143,682 to €210,306
of which Trade receivables: +€62,591
- Cash +€15,848
up €15,848 (+12.8%), from €123,614 to €139,462
mainly Other debts (+€162,598) and Contributions, distributions and other (+€325)
- Other debts +€162,598
up €162,598 (+56,239%), from €289 to €162,887
- Trade debts -€71,347
down €71,347 (-63.5%), from €112,359 to €41,011
- Tax, wage and social debts -€6,568
down €6,568 (-71.6%), from €9,178 to €2,609
- Gross operating margin -€37,663
down €37,663 (-90.8%), from €41,495 to €3,831
- Purchases and services +€34,960
up €34,960 (+13.3%), from €262,504 to €297,464
- Taxes -€12,720
no longer reported in 2024 (was €12,720)
- Depreciation -€8,605
no longer reported in 2024 (was €8,605)
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 | €267,296 | €349,768 | +€82,472 | +30.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €267,296 | €349,768 | +€82,472 | +30.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €143,682 | €210,306 | +€66,624 | +46.4% |
| Trade receivables | 40 | €131,962 | €194,552 | +€62,591 | +47.4% |
| Other amounts receivable | 41 | €11,720 | €15,753 | +€4,033 | +34.4% |
| Cash at bank and in hand | 54/58 | €123,614 | €139,462 | +€15,848 | +12.8% |
| Total equity and liabilities | 10/49 | €267,296 | €349,768 | +€82,472 | +30.9% |
| Equity | 10/15 | €77,701 | €75,492 | -€2,210 | -2.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Uncalled capital | 101 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €75,201 | €72,992 | -€2,210 | -2.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Amounts payable | 17/49 | €189,594 | €274,277 | +€84,682 | +44.7% |
| Amounts payable after more than one year | 17 | €67,769 | €67,769 | = | 0.0% |
| Financial debts | 170/4 | €67,769 | €67,769 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,825 | €206,508 | +€84,682 | +69.5% |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €112,359 | €41,011 | -€71,347 | -63.5% |
| Suppliers | 440/4 | €112,359 | €41,011 | -€71,347 | -63.5% |
| Taxes, remuneration and social security | 45 | €9,178 | €2,609 | -€6,568 | -71.6% |
| Taxes | 450/3 | €9,178 | €2,609 | -€6,568 | -71.6% |
| Other amounts payable | 47/48 | €289 | €162,887 | +€162,598 | +56,239% |
| Turnover | 70 | €303,998 | €301,295 | -€2,703 | -0.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €262,504 | €297,464 | +€34,960 | +13.3% |
| Remuneration, social security and pensions | 62 | €0 | €2,539 | +€2,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,605 | - | -€8,605 | |
| Other operating charges | 640/8 | €764 | €3,089 | +€2,324 | +304% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €41,495 | €3,831 | -€37,663 | -90.8% |
| Operating profit (loss) | 9901 | €32,125 | -€1,797 | -€33,922 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €775 | €738 | -€36 | -4.7% |
| Recurring financial charges | 65 | €775 | €738 | -€36 | -4.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €31,354 | -€2,535 | -€33,888 | |
| Income taxes | 67/77 | €12,720 | - | -€12,720 | |
| Profit (loss) for the period | 9904 | €18,633 | -€2,535 | -€21,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,633 | -€2,535 | -€21,168 |
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 15 October 2026 via checked.be.