MARTINY & CIE: 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.
What changed
MARTINY & CIE
NACE 47.300, Retail sale of automotive fuel
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€55,385
2023 · €28,804+€26,581
Equity
€552,022
2023 · €496,637+€55,385
Cash
€145,750
2023 · €151,103-€5,353
Balance sheet total
€1.6m
2023 · €1.7m-€133,956
Largest movements
Assets
- Receivables within one year -€87,997
down €87,997 (-13.4%), from €657,996 to €569,999
of which Trade receivables: -€70,533
- Tangible fixed assets -€43,536
down €43,536 (-6.9%), from €627,511 to €583,974
of which Leasing and similar rights: -€38,360
Equity and liabilities
- Debts after one year -€92,899
down €92,899 (-28.4%), from €327,043 to €234,144
- Profit (loss) carried forward +€52,664
up €52,664 (+32.0%), from €164,717 to €217,381
- Current portion of long-term debt -€50,607
down €50,607 (-35.3%), from €143,506 to €92,899
- Trade debts -€30,471
down €30,471 (-5.3%), from €570,971 to €540,500
Income statement
- Turnover +€9.6m
new in 2024: €9.6m
- Purchases and services +€9.0m
new in 2024: €9.0m
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.
Result 2023
€28,804
Gross operating margin
+€35,114
Staff costs
+€2,755
Depreciation
+€4,150
Write-downs
-€3,106
Other operating charges
+€919
Financial income
+€7,099
Financial charges
-€5,659
Taxes
-€13,334
Deferred taxes and other
-€1,357
Result 2024
€55,385
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€272,850
Investment
-€134,697
Financing
-€143,506
Cash 2023
€151,103
From operations (derived)
+€272,850
Net result for the year
+€55,385
Depreciation
+€178,233
Stocks and contracts
+€801
Receivables within one year
+€87,997
Deferred charges and accrued income
-€3,732
Provisions
+€907
Trade debts
-€30,471
Tax, wage and social debts
-€11,723
Other debts
-€1,346
Accrued charges and deferred income
-€3,201
Investment (derived)
-€134,697
Investment in fixed assets (net)
-€134,697
Financing
-€143,506
Debts after one year
-€92,899
Current portion of long-term debt
-€50,607
Cash 2024
€145,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,696,972 | €1,563,017 | -€133,956 | -7.9% |
| Fixed assets | 21/28 | €627,511 | €583,974 | -€43,536 | -6.9% |
| Tangible fixed assets | 22/27 | €627,511 | €583,974 | -€43,536 | -6.9% |
| Land and buildings | 22 | €159,183 | €176,942 | +€17,759 | +11.2% |
| Plant, machinery and equipment | 23 | €66,374 | €65,476 | -€898 | -1.4% |
| Furniture and vehicles | 24 | €334,881 | €312,844 | -€22,037 | -6.6% |
| Leasing and similar rights | 25 | €67,073 | €28,713 | -€38,360 | -57.2% |
| Current assets | 29/58 | €1,069,461 | €979,042 | -€90,419 | -8.5% |
| Stocks and contracts in progress | 3 | €260,362 | €259,561 | -€801 | -0.3% |
| Stocks | 30/36 | €260,362 | €259,561 | -€801 | -0.3% |
| Amounts receivable within one year | 40/41 | €657,996 | €569,999 | -€87,997 | -13.4% |
| Trade receivables | 40 | €417,540 | €347,006 | -€70,533 | -16.9% |
| Other amounts receivable | 41 | €240,457 | €222,993 | -€17,464 | -7.3% |
| Cash at bank and in hand | 54/58 | €151,103 | €145,750 | -€5,353 | -3.5% |
| Deferred charges and accrued income | 490/1 | - | €3,732 | +€3,732 | |
| Total equity and liabilities | 10/49 | €1,696,972 | €1,563,017 | -€133,956 | -7.9% |
| Equity | 10/15 | €496,637 | €552,022 | +€55,385 | +11.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €269,920 | €272,641 | +€2,721 | +1.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,720 | €36,441 | +€2,721 | +8.1% |
| Distributable reserves | 133 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,717 | €217,381 | +€52,664 | +32.0% |
| Provisions and deferred taxes | 16 | €1,407 | €2,314 | +€907 | +64.5% |
| Deferred taxes | 168 | €1,407 | €2,314 | +€907 | +64.5% |
| Amounts payable | 17/49 | €1,198,928 | €1,008,681 | -€190,247 | -15.9% |
| Amounts payable after more than one year | 17 | €327,043 | €234,144 | -€92,899 | -28.4% |
| Financial debts | 170/4 | €327,043 | €234,144 | -€92,899 | -28.4% |
| Amounts payable within one year | 42/48 | €867,271 | €773,124 | -€94,148 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €143,506 | €92,899 | -€50,607 | -35.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €570,971 | €540,500 | -€30,471 | -5.3% |
| Suppliers | 440/4 | €570,971 | €540,500 | -€30,471 | -5.3% |
| Taxes, remuneration and social security | 45 | €37,090 | €25,367 | -€11,723 | -31.6% |
| Taxes | 450/3 | €2,385 | €1,614 | -€772 | -32.4% |
| Remuneration and social security | 454/9 | €34,705 | €23,754 | -€10,951 | -31.6% |
| Other amounts payable | 47/48 | €15,704 | €14,358 | -€1,346 | -8.6% |
| Accrued charges and deferred income | 492/3 | €4,614 | €1,413 | -€3,201 | -69.4% |
| Turnover | 70 | - | €9,564,851 | +€9.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,017,849 | +€9.0m | |
| Remuneration, social security and pensions | 62 | €274,473 | €271,718 | -€2,755 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,383 | €178,233 | -€4,150 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,106 | +€3,106 | |
| Other operating charges | 640/8 | €15,445 | €14,526 | -€919 | -6.0% |
| Gross operating margin | 9900 | €534,134 | €569,248 | +€35,114 | +6.6% |
| Operating profit (loss) | 9901 | €61,833 | €101,664 | +€39,831 | +64.4% |
| Financial income | 75/76B | €1,902 | €9,001 | +€7,099 | +373% |
| Recurring financial income | 75 | €1,902 | €9,001 | +€7,099 | +373% |
| Financial charges | 65/66B | €31,163 | €36,821 | +€5,659 | +18.2% |
| Recurring financial charges | 65 | €31,163 | €36,821 | +€5,659 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €32,572 | €73,844 | +€41,271 | +127% |
| Transfer from deferred taxes | 780 | €450 | €468 | +€18 | +4.0% |
| Transfer to deferred taxes | 680 | €0 | €1,375 | +€1,375 | |
| Income taxes | 67/77 | €4,218 | €17,552 | +€13,334 | +316% |
| Profit (loss) for the period | 9904 | €28,804 | €55,385 | +€26,581 | +92.3% |
| Transfer from tax-exempt reserves | 789 | €1,350 | €1,404 | +€54 | +4.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €4,125 | +€4,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,154 | €52,664 | +€22,510 | +74.6% |
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 29 October 2026 via checked.be.