MARTITRANS: 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.
MARTITRANS
Largest movements
- Tangible fixed assets +€9,792
up €9,792 (+23.7%), from €41,362 to €51,154
of which Furniture and vehicles: +€24,571
- Cash -€6,577
down €6,577 (-18.3%), from €35,989 to €29,412
mainly Investment in fixed assets (net) (-€34,064) and Receivables within one year (-€5,127)
- Receivables within one year +€5,127
up €5,127 (+90.0%), from €5,695 to €10,822
of which Trade receivables: +€6,401
- Current portion of long-term debt +€5,481
up €5,481 (+44.2%), from €12,389 to €17,869
- Reserves +€4,885
up €4,885 (+10.3%), from €47,595 to €52,480
of which Distributable reserves: +€5,946
- Tax, wage and social debts -€1,584
down €1,584 (-19.5%), from €8,128 to €6,544
of which Taxes: -€1,584
- Trade debts +€1,051
up €1,051 (+26.4%), from €3,982 to €5,033
- Gross operating margin +€6,666
up €6,666 (+21.9%), from €30,425 to €37,091
- Depreciation +€3,536
up €3,536 (+17.1%), from €20,737 to €24,272
- Taxes -€3,274
down €3,274 (-44.3%), from €7,389 to €4,115
- Other operating charges +€1,605
up €1,605 (+210.2%), from €763 to €2,368
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 | €95,421 | €104,046 | +€8,625 | +9.0% |
| Fixed assets | 21/28 | €50,362 | €60,154 | +€9,792 | +19.4% |
| Tangible fixed assets | 22/27 | €41,362 | €51,154 | +€9,792 | +23.7% |
| Land and buildings | 22 | €574 | €0 | -€574 | -100.0% |
| Plant, machinery and equipment | 23 | €6,541 | €6,508 | -€32 | -0.5% |
| Furniture and vehicles | 24 | €4,887 | €29,458 | +€24,571 | +502.7% |
| Leasing and similar rights | 25 | €29,360 | €15,187 | -€14,173 | -48.3% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €45,059 | €43,892 | -€1,167 | -2.6% |
| Amounts receivable within one year | 40/41 | €5,695 | €10,822 | +€5,127 | +90.0% |
| Trade receivables | 40 | €3,520 | €9,921 | +€6,401 | +181.8% |
| Other amounts receivable | 41 | €2,175 | €901 | -€1,274 | -58.6% |
| Cash at bank and in hand | 54/58 | €35,989 | €29,412 | -€6,577 | -18.3% |
| Deferred charges and accrued income | 490/1 | €3,375 | €3,659 | +€284 | +8.4% |
| Total equity and liabilities | 10/49 | €95,421 | €104,046 | +€8,625 | +9.0% |
| Equity | 10/15 | €47,595 | €52,480 | +€4,885 | +10.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €47,595 | €52,480 | +€4,885 | +10.3% |
| Tax-exempt reserves | 132 | €21,061 | €20,000 | -€1,061 | -5.0% |
| Distributable reserves | 133 | €26,534 | €32,480 | +€5,946 | +22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €272 | €0 | -€272 | -100.0% |
| Deferred taxes | 168 | €272 | €0 | -€272 | -100.0% |
| Amounts payable | 17/49 | €47,554 | €51,566 | +€4,012 | +8.4% |
| Amounts payable after more than one year | 17 | €23,055 | €22,120 | -€935 | -4.1% |
| Financial debts | 170/4 | €14,055 | €13,120 | -€935 | -6.7% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,499 | €29,446 | +€4,947 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €12,389 | €17,869 | +€5,481 | +44.2% |
| Trade debts | 44 | €3,982 | €5,033 | +€1,051 | +26.4% |
| Suppliers | 440/4 | €3,982 | €5,033 | +€1,051 | +26.4% |
| Taxes, remuneration and social security | 45 | €8,128 | €6,544 | -€1,584 | -19.5% |
| Taxes | 450/3 | €7,960 | €6,376 | -€1,584 | -19.9% |
| Remuneration and social security | 454/9 | €168 | €168 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,737 | €24,272 | +€3,536 | +17.1% |
| Other operating charges | 640/8 | €763 | €2,368 | +€1,605 | +210.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,425 | €37,091 | +€6,666 | +21.9% |
| Operating profit (loss) | 9901 | €8,925 | €10,451 | +€1,526 | +17.1% |
| Financial income | 75/76B | €0 | €41 | +€40 | +8933.3% |
| Recurring financial income | 75 | €0 | €41 | +€40 | +8933.3% |
| Financial charges | 65/66B | €1,504 | €1,764 | +€261 | +17.3% |
| Recurring financial charges | 65 | €1,504 | €1,764 | +€261 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €7,422 | €8,728 | +€1,306 | +17.6% |
| Transfer from deferred taxes | 780 | €3,072 | €272 | -€2,800 | -91.1% |
| Income taxes | 67/77 | €7,389 | €4,115 | -€3,274 | -44.3% |
| Profit (loss) for the period | 9904 | €3,105 | €4,885 | +€1,780 | +57.3% |
| Transfer from tax-exempt reserves | 789 | €12,261 | €1,061 | -€11,200 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,366 | €5,946 | -€9,420 | -61.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.