Martoz: 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.
Martoz
Largest movements
- Receivables within one year +€13,826
up €13,826 (+31.5%), from €43,877 to €57,703
of which Trade receivables: +€13,831
- Cash +€12,498
up €12,498 (+33.9%), from €36,865 to €49,364
mainly Net result for the year (+€20,714) and Trade debts (+€11,681)
- Tangible fixed assets +€3,157
up €3,157 (+722.9%), from €437 to €3,594
- Reserves +€20,000
up €20,000 (+76.9%), from €26,000 to €46,000
- Trade debts +€11,681
up €11,681 (+33.2%), from €35,204 to €46,886
- Other debts -€1,441
down €1,441 (-7.9%), from €18,226 to €16,785
- Gross operating margin -€6,073
down €6,073 (-17.8%), from €34,153 to €28,080
- Taxes -€1,069
down €1,069 (-15.7%), from €6,827 to €5,758
- Financial income +€499
up €499 (+150.2%), from €332 to €831
- Depreciation +€465
up €465 (+3723.8%), from €12 to €477
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 | €96,433 | €126,472 | +€30,039 | +31.1% |
| Fixed assets | 21/28 | €437 | €3,594 | +€3,157 | +722.9% |
| Tangible fixed assets | 22/27 | €437 | €3,594 | +€3,157 | +722.9% |
| Furniture and vehicles | 24 | €437 | €3,594 | +€3,157 | +722.9% |
| Current assets | 29/58 | €95,996 | €122,878 | +€26,882 | +28.0% |
| Stocks and contracts in progress | 3 | €4,470 | €4,919 | +€449 | +10.0% |
| Stocks | 30/36 | €4,470 | €4,919 | +€449 | +10.0% |
| Amounts receivable within one year | 40/41 | €43,877 | €57,703 | +€13,826 | +31.5% |
| Trade receivables | 40 | €43,872 | €57,703 | +€13,831 | +31.5% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Current investments | 50/53 | €10,000 | €10,040 | +€40 | +0.4% |
| Cash at bank and in hand | 54/58 | €36,865 | €49,364 | +€12,498 | +33.9% |
| Deferred charges and accrued income | 490/1 | €784 | €853 | +€69 | +8.7% |
| Total equity and liabilities | 10/49 | €96,433 | €126,472 | +€30,039 | +31.1% |
| Equity | 10/15 | €36,175 | €56,890 | +€20,714 | +57.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,000 | €46,000 | +€20,000 | +76.9% |
| Distributable reserves | 133 | €26,000 | €46,000 | +€20,000 | +76.9% |
| Profit (loss) carried forward | 14 | €175 | €890 | +€714 | +408.0% |
| Amounts payable | 17/49 | €60,258 | €69,582 | +€9,324 | +15.5% |
| Amounts payable within one year | 42/48 | €60,258 | €69,582 | +€9,324 | +15.5% |
| Trade debts | 44 | €35,204 | €46,886 | +€11,681 | +33.2% |
| Suppliers | 440/4 | €35,204 | €46,886 | +€11,681 | +33.2% |
| Taxes, remuneration and social security | 45 | €6,827 | €5,912 | -€916 | -13.4% |
| Taxes | 450/3 | €6,827 | €5,912 | -€916 | -13.4% |
| Other amounts payable | 47/48 | €18,226 | €16,785 | -€1,441 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12 | €477 | +€465 | +3723.8% |
| Other operating charges | 640/8 | €834 | €1,007 | +€173 | +20.8% |
| Gross operating margin | 9900 | €34,153 | €28,080 | -€6,073 | -17.8% |
| Operating profit (loss) | 9901 | €33,307 | €26,596 | -€6,711 | -20.1% |
| Financial income | 75/76B | €332 | €831 | +€499 | +150.2% |
| Recurring financial income | 75 | €332 | €831 | +€499 | +150.2% |
| Financial charges | 65/66B | €637 | €954 | +€318 | +49.9% |
| Recurring financial charges | 65 | €637 | €954 | +€318 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €33,002 | €26,473 | -€6,530 | -19.8% |
| Income taxes | 67/77 | €6,827 | €5,758 | -€1,069 | -15.7% |
| Profit (loss) for the period | 9904 | €26,175 | €20,714 | -€5,461 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,175 | €20,714 | -€5,461 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.