Martius: 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.
Martius
Largest movements
- Current investments +€236,969
up €236,969 (+206.6%), from €114,681 to €351,650
- Cash -€22,719
down €22,719 (-27.1%), from €83,840 to €61,121
mainly Current investments (-€236,969) and Tax, wage and social debts (-€26,797)
- Receivables within one year -€9,170
down €9,170 (-3.1%), from €295,351 to €286,181
of which Trade receivables: -€22,340
- Reserves +€234,011
up €234,011 (+73.2%), from €319,567 to €553,578
- Tax, wage and social debts -€26,797
down €26,797 (-16.9%), from €158,523 to €131,726
- Gross operating margin -€60,065
down €60,065 (-16.4%), from €366,196 to €306,131
- Taxes -€14,781
down €14,781 (-17.0%), from €87,171 to €72,390
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 | €498,482 | €703,289 | +€204,807 | +41.1% |
| Fixed assets | 21/28 | €1,808 | €1,479 | -€329 | -18.2% |
| Tangible fixed assets | 22/27 | €1,558 | €1,229 | -€329 | -21.1% |
| Furniture and vehicles | 24 | €626 | €403 | -€223 | -35.6% |
| Other tangible fixed assets | 26 | €932 | €826 | -€106 | -11.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €496,674 | €701,810 | +€205,136 | +41.3% |
| Amounts receivable within one year | 40/41 | €295,351 | €286,181 | -€9,170 | -3.1% |
| Trade receivables | 40 | €295,250 | €272,911 | -€22,340 | -7.6% |
| Other amounts receivable | 41 | €100 | €13,270 | +€13,170 | +13125.2% |
| Current investments | 50/53 | €114,681 | €351,650 | +€236,969 | +206.6% |
| Cash at bank and in hand | 54/58 | €83,840 | €61,121 | -€22,719 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,803 | €2,859 | +€56 | +2.0% |
| Total equity and liabilities | 10/49 | €498,482 | €703,289 | +€204,807 | +41.1% |
| Equity | 10/15 | €322,567 | €556,578 | +€234,011 | +72.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €319,567 | €553,578 | +€234,011 | +73.2% |
| Distributable reserves | 133 | €319,567 | €553,578 | +€234,011 | +73.2% |
| Amounts payable | 17/49 | €175,915 | €146,710 | -€29,204 | -16.6% |
| Amounts payable within one year | 42/48 | €163,915 | €134,710 | -€29,204 | -17.8% |
| Financial debts | 43 | €308 | €682 | +€373 | +121.2% |
| Credit institutions | 430/8 | €308 | €682 | +€373 | +121.2% |
| Trade debts | 44 | €1,062 | €2,303 | +€1,241 | +116.9% |
| Suppliers | 440/4 | €1,062 | €2,303 | +€1,241 | +116.9% |
| Taxes, remuneration and social security | 45 | €158,523 | €131,726 | -€26,797 | -16.9% |
| Taxes | 450/3 | €158,523 | €131,726 | -€26,797 | -16.9% |
| Other amounts payable | 47/48 | €4,022 | - | -€4,022 | |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €329 | +€180 | +121.1% |
| Other operating charges | 640/8 | €448 | €453 | +€5 | +1.1% |
| Gross operating margin | 9900 | €366,196 | €306,131 | -€60,065 | -16.4% |
| Operating profit (loss) | 9901 | €365,599 | €305,348 | -€60,250 | -16.5% |
| Financial income | 75/76B | €396 | €1,384 | +€988 | +249.5% |
| Recurring financial income | 75 | €396 | €1,384 | +€988 | +249.5% |
| Financial charges | 65/66B | €166 | €331 | +€165 | +99.5% |
| Recurring financial charges | 65 | €166 | €331 | +€165 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €365,829 | €306,402 | -€59,427 | -16.2% |
| Income taxes | 67/77 | €87,171 | €72,390 | -€14,781 | -17.0% |
| Profit (loss) for the period | 9904 | €278,657 | €234,011 | -€44,646 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €278,657 | €234,011 | -€44,646 | -16.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.