MARTINUS: 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.
MARTINUS
Largest movements
- Tangible fixed assets +€8,308
up €8,308 (+2.0%), from €407,670 to €415,978
- Other debts +€13,102
up €13,102 (+93.1%), from €14,078 to €27,180
- Profit (loss) carried forward -€7,765
down €7,765 (-5.1%), from -€152,466 to -€160,231
- Gross operating margin +€2,968
up €2,968 (+29.3%), from -€10,128 to -€7,161
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 | €413,374 | €418,740 | +€5,366 | +1.3% |
| Fixed assets | 21/28 | €407,670 | €415,978 | +€8,308 | +2.0% |
| Tangible fixed assets | 22/27 | €407,670 | €415,978 | +€8,308 | +2.0% |
| Land and buildings | 22 | €407,670 | €415,978 | +€8,308 | +2.0% |
| Current assets | 29/58 | €5,704 | €2,762 | -€2,942 | -51.6% |
| Amounts receivable within one year | 40/41 | - | €175 | +€175 | |
| Trade receivables | 40 | - | €175 | +€175 | |
| Cash at bank and in hand | 54/58 | €3,839 | €808 | -€3,031 | -78.9% |
| Deferred charges and accrued income | 490/1 | €1,864 | €1,778 | -€86 | -4.6% |
| Total equity and liabilities | 10/49 | €413,374 | €418,740 | +€5,366 | +1.3% |
| Equity | 10/15 | €398,994 | €391,230 | -€7,765 | -1.9% |
| Contributions | 10/11 | €415,000 | €415,000 | = | 0.0% |
| Capital | 10 | €415,000 | €415,000 | = | 0.0% |
| Issued capital | 100 | €415,000 | €415,000 | = | 0.0% |
| Reserves | 13 | €136,461 | €136,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,935 | €6,935 | = | 0.0% |
| Legal reserve | 130 | €6,935 | €6,935 | = | 0.0% |
| Distributable reserves | 133 | €129,526 | €129,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,466 | -€160,231 | -€7,765 | -5.1% |
| Amounts payable | 17/49 | €14,379 | €27,510 | +€13,131 | +91.3% |
| Amounts payable within one year | 42/48 | €14,379 | €27,510 | +€13,131 | +91.3% |
| Trade debts | 44 | €170 | €199 | +€29 | +17.0% |
| Suppliers | 440/4 | €170 | €199 | +€29 | +17.0% |
| Taxes, remuneration and social security | 45 | €131 | €131 | = | 0.0% |
| Taxes | 450/3 | €131 | €131 | = | 0.0% |
| Other amounts payable | 47/48 | €14,078 | €27,180 | +€13,102 | +93.1% |
| Other operating charges | 640/8 | €512 | €529 | +€17 | +3.3% |
| Gross operating margin | 9900 | -€10,128 | -€7,161 | +€2,968 | +29.3% |
| Operating profit (loss) | 9901 | -€10,641 | -€7,690 | +€2,951 | +27.7% |
| Financial charges | 65/66B | €77 | €75 | -€2 | -3.0% |
| Recurring financial charges | 65 | €77 | €75 | -€2 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,718 | -€7,765 | +€2,953 | +27.6% |
| Profit (loss) for the period | 9904 | -€10,718 | -€7,765 | +€2,953 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,718 | -€7,765 | +€2,953 | +27.6% |
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 4 October 2026 via checked.be.