MARTINVEST: what changed
What changed
MARTINVEST
filed annual accounts (NBB)
Net result for the year
-€5,781
2023 · -€22,847+€17,066
Equity
€461,342
2023 · €467,123-€5,781
Cash
€518
2023 · €565-€46
Balance sheet total
€611,442
2023 · €609,499+€1,943
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Purchases and services -€74,431
no longer reported in 2024 (was €74,431)
- Turnover -€63,542
no longer reported in 2024 (was €63,542)
- Gross operating margin +€17,403
up €17,403, from -€10,889 to €6,514
- Financial income -€4,681
no longer reported in 2024 (was €4,681)
- Other operating charges -€2,777
down €2,777 (-51.9%), from €5,351 to €2,574
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€22,847
Gross operating margin
+€17,403
Depreciation
-€0
Other operating charges
+€2,777
Financial income
-€4,681
Financial charges
+€1,567
Result 2024
-€5,781
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,476
Investment
-€12,716
Financing
+€193
Cash 2023
€565
From operations (derived)
+€12,476
Net result for the year
-€5,781
Depreciation
+€9,008
Stocks and contracts
+€401
Receivables within one year
+€850
Deferred charges and accrued income
+€467
Trade debts
+€3,542
Other debts
+€3,989
Investment (derived)
-€12,716
Investment in fixed assets (net)
-€12,716
Financing
+€193
Short-term financial debts
+€193
Cash 2024
€518
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,499 | €611,442 | +€1,943 | +0.3% |
| Fixed assets | 21/28 | €478,943 | €482,651 | +€3,707 | +0.8% |
| Tangible fixed assets | 22/27 | €478,748 | €482,456 | +€3,707 | +0.8% |
| Land and buildings | 22 | €478,748 | €470,456 | -€8,293 | -1.7% |
| Furniture and vehicles | 24 | - | €12,000 | +€12,000 | |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €130,556 | €128,792 | -€1,764 | -1.4% |
| Stocks and contracts in progress | 3 | €401 | - | -€401 | |
| Stocks | 30/36 | €401 | - | -€401 | |
| Amounts receivable within one year | 40/41 | €129,123 | €128,273 | -€850 | -0.7% |
| Trade receivables | 40 | €1,335 | €1,335 | = | 0.0% |
| Other amounts receivable | 41 | €127,788 | €126,938 | -€850 | -0.7% |
| Cash at bank and in hand | 54/58 | €565 | €518 | -€46 | -8.2% |
| Deferred charges and accrued income | 490/1 | €467 | - | -€467 | |
| Total equity and liabilities | 10/49 | €609,499 | €611,442 | +€1,943 | +0.3% |
| Equity | 10/15 | €467,123 | €461,342 | -€5,781 | -1.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | - | -€24,789 | |
| Issued capital | 100 | €24,789 | - | -€24,789 | |
| Revaluation surpluses | 12 | €277,151 | €277,151 | = | 0.0% |
| Reserves | 13 | €399,940 | €399,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,389 | €2,389 | = | 0.0% |
| Legal reserve | 130 | €2,389 | - | -€2,389 | |
| Reserves not available under the articles | 1311 | - | €2,389 | +€2,389 | |
| Tax-exempt reserves | 132 | €393,832 | €393,832 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,757 | -€240,538 | -€5,781 | -2.5% |
| Provisions and deferred taxes | 16 | €133,668 | €133,668 | = | 0.0% |
| Deferred taxes | 168 | €133,668 | €133,668 | = | 0.0% |
| Amounts payable | 17/49 | €8,708 | €16,432 | +€7,724 | +88.7% |
| Amounts payable within one year | 42/48 | €8,708 | €16,432 | +€7,724 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | €2,354 | €2,354 | = | 0.0% |
| Financial debts | 43 | €2,254 | €2,447 | +€193 | +8.6% |
| Credit institutions | 430/8 | €2,254 | €2,447 | +€193 | +8.6% |
| Trade debts | 44 | €4,100 | €7,642 | +€3,542 | +86.4% |
| Suppliers | 440/4 | €4,100 | €7,642 | +€3,542 | +86.4% |
| Other amounts payable | 47/48 | - | €3,989 | +€3,989 | |
| Turnover | 70 | €63,542 | - | -€63,542 | |
| Goods, raw materials, services and sundry goods | 60/61 | €74,431 | - | -€74,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,008 | €9,008 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,351 | €2,574 | -€2,777 | -51.9% |
| Gross operating margin | 9900 | -€10,889 | €6,514 | +€17,403 | |
| Operating profit (loss) | 9901 | -€25,248 | -€5,068 | +€20,180 | +79.9% |
| Financial income | 75/76B | €4,681 | - | -€4,681 | |
| Recurring financial income | 75 | €4,681 | - | -€4,681 | |
| Financial charges | 65/66B | €2,280 | €713 | -€1,567 | -68.7% |
| Recurring financial charges | 65 | €2,280 | €713 | -€1,567 | -68.7% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€22,847 | -€5,781 | +€17,066 | +74.7% |
| Profit (loss) for the period | 9904 | -€22,847 | -€5,781 | +€17,066 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,847 | -€5,781 | +€17,066 | +74.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.