MARTRICK: 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.
MARTRICK
Largest movements
- Cash +€37,213
up €37,213 (+1093.8%), from €3,402 to €40,615
mainly Debts after one year (+€125,029) and Depreciation (+€54,468)
- Receivables within one year +€11,932
up €11,932 (+496.8%), from €2,402 to €14,334
of which Other amounts receivable: +€10,000
- Debts after one year +€125,029
up €125,029 (+29.5%), from €423,493 to €548,522
- Current portion of long-term debt -€55,639
down €55,639 (-49.8%), from €111,797 to €56,158
- Gross operating margin -€22,471
down €22,471 (-13.8%), from €163,034 to €140,563
- Taxes -€17,206
down €17,206 (-100.0%), from €17,206 to €0
- Financial charges -€10,885
down €10,885 (-30.6%), from €35,615 to €24,730
- Other operating charges +€3,068
up €3,068 (+17.4%), from €17,619 to €20,687
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 | €1,043,427 | €1,100,811 | +€57,384 | +5.5% |
| Fixed assets | 21/28 | €1,037,624 | €1,045,862 | +€8,239 | +0.8% |
| Tangible fixed assets | 22/27 | €1,037,624 | €1,045,862 | +€8,239 | +0.8% |
| Land and buildings | 22 | €1,032,007 | €1,038,681 | +€6,674 | +0.6% |
| Furniture and vehicles | 24 | - | €2,247 | +€2,247 | |
| Other tangible fixed assets | 26 | €5,617 | €4,934 | -€682 | -12.1% |
| Current assets | 29/58 | €5,804 | €54,949 | +€49,145 | +846.8% |
| Amounts receivable within one year | 40/41 | €2,402 | €14,334 | +€11,932 | +496.8% |
| Trade receivables | 40 | €2,402 | €4,334 | +€1,932 | +80.4% |
| Other amounts receivable | 41 | €0 | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €3,402 | €40,615 | +€37,213 | +1093.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,043,427 | €1,100,811 | +€57,384 | +5.5% |
| Equity | 10/15 | €188,941 | €189,103 | +€162 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €168,941 | €169,103 | +€162 | +0.1% |
| Distributable reserves | 133 | €168,941 | €169,103 | +€162 | +0.1% |
| Amounts payable | 17/49 | €854,487 | €911,709 | +€57,222 | +6.7% |
| Amounts payable after more than one year | 17 | €423,493 | €548,522 | +€125,029 | +29.5% |
| Financial debts | 170/4 | €423,493 | €548,522 | +€125,029 | +29.5% |
| Amounts payable within one year | 42/48 | €430,994 | €363,187 | -€67,807 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €111,797 | €56,158 | -€55,639 | -49.8% |
| Trade debts | 44 | €1,089 | €4,489 | +€3,400 | +312.2% |
| Suppliers | 440/4 | €1,089 | €4,489 | +€3,400 | +312.2% |
| Taxes, remuneration and social security | 45 | €7,373 | €420 | -€6,953 | -94.3% |
| Taxes | 450/3 | €7,373 | €420 | -€6,953 | -94.3% |
| Other amounts payable | 47/48 | €310,735 | €302,120 | -€8,615 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,724 | €54,468 | -€1,256 | -2.3% |
| Other operating charges | 640/8 | €17,619 | €20,687 | +€3,068 | +17.4% |
| Non-recurring operating charges | 66A | - | €40,516 | +€40,516 | |
| Gross operating margin | 9900 | €163,034 | €140,563 | -€22,471 | -13.8% |
| Operating profit (loss) | 9901 | €89,691 | €24,892 | -€64,799 | -72.2% |
| Financial charges | 65/66B | €35,615 | €24,730 | -€10,885 | -30.6% |
| Recurring financial charges | 65 | €35,615 | €24,730 | -€10,885 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €54,076 | €162 | -€53,914 | -99.7% |
| Income taxes | 67/77 | €17,206 | €0 | -€17,206 | -100.0% |
| Profit (loss) for the period | 9904 | €36,870 | €162 | -€36,708 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,870 | €162 | -€36,708 | -99.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.