MARTTRANS: 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.
MARTTRANS
Largest movements
- Tangible fixed assets -€5,959
down €5,959 (-28.4%), from €21,012 to €15,053
of which Furniture and vehicles: -€5,061
- Cash +€4,077
up €4,077 (+16.0%), from €25,529 to €29,606
mainly Net result for the year (+€8,423) and Depreciation (+€5,959)
- Receivables within one year -€2,874
down €2,874 (-11.9%), from €24,152 to €21,278
of which Trade receivables: -€6,805
- Reserves +€8,423
up €8,423 (+23.9%), from €35,192 to €43,615
of which Distributable reserves: +€8,423
- Current portion of long-term debt -€6,314
down €6,314 (-65.9%), from €9,585 to €3,270
- Debts after one year -€3,270
down €3,270 (-100.0%), from €3,270 to €0
- Other debts -€2,806
down €2,806 (-100.0%), from €2,806 to €0
- Trade debts -€1,392
down €1,392 (-14.5%), from €9,599 to €8,207
- Gross operating margin +€4,838
up €4,838 (+27.6%), from €17,539 to €22,377
- Taxes +€1,655
up €1,655 (+44.5%), from €3,718 to €5,372
- Other operating charges -€375
down €375 (-14.4%), from €2,607 to €2,232
- Financial charges -€309
down €309 (-30.0%), from €1,033 to €724
- Depreciation -€259
down €259 (-4.2%), from €6,218 to €5,959
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 | €71,920 | €67,366 | -€4,554 | -6.3% |
| Fixed assets | 21/28 | €21,012 | €15,053 | -€5,959 | -28.4% |
| Tangible fixed assets | 22/27 | €21,012 | €15,053 | -€5,959 | -28.4% |
| Furniture and vehicles | 24 | €15,908 | €10,847 | -€5,061 | -31.8% |
| Other tangible fixed assets | 26 | €5,104 | €4,206 | -€898 | -17.6% |
| Current assets | 29/58 | €50,908 | €52,313 | +€1,405 | +2.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,152 | €21,278 | -€2,874 | -11.9% |
| Trade receivables | 40 | €18,937 | €12,132 | -€6,805 | -35.9% |
| Other amounts receivable | 41 | €5,215 | €9,145 | +€3,931 | +75.4% |
| Cash at bank and in hand | 54/58 | €25,529 | €29,606 | +€4,077 | +16.0% |
| Deferred charges and accrued income | 490/1 | €1,227 | €1,429 | +€202 | +16.5% |
| Total equity and liabilities | 10/49 | €71,920 | €67,366 | -€4,554 | -6.3% |
| Equity | 10/15 | €41,392 | €49,815 | +€8,423 | +20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,192 | €43,615 | +€8,423 | +23.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €33,192 | €41,615 | +€8,423 | +25.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,528 | €17,551 | -€12,977 | -42.5% |
| Amounts payable after more than one year | 17 | €3,270 | €0 | -€3,270 | -100.0% |
| Financial debts | 170/4 | €3,270 | €0 | -€3,270 | -100.0% |
| Amounts payable within one year | 42/48 | €27,257 | €16,808 | -€10,449 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €9,585 | €3,270 | -€6,314 | -65.9% |
| Trade debts | 44 | €9,599 | €8,207 | -€1,392 | -14.5% |
| Suppliers | 440/4 | €9,599 | €8,207 | -€1,392 | -14.5% |
| Taxes, remuneration and social security | 45 | €5,267 | €5,331 | +€63 | +1.2% |
| Taxes | 450/3 | €3,429 | €5,331 | +€1,902 | +55.5% |
| Remuneration and social security | 454/9 | €1,839 | €0 | -€1,839 | -100.0% |
| Other amounts payable | 47/48 | €2,806 | €0 | -€2,806 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €743 | +€743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,218 | €5,959 | -€259 | -4.2% |
| Other operating charges | 640/8 | €2,607 | €2,232 | -€375 | -14.4% |
| Gross operating margin | 9900 | €17,539 | €22,377 | +€4,838 | +27.6% |
| Operating profit (loss) | 9901 | €8,714 | €14,186 | +€5,472 | +62.8% |
| Financial income | 75/76B | €582 | €333 | -€249 | -42.8% |
| Recurring financial income | 75 | €582 | €333 | -€249 | -42.8% |
| Financial charges | 65/66B | €1,033 | €724 | -€309 | -30.0% |
| Recurring financial charges | 65 | €1,033 | €724 | -€309 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €8,264 | €13,795 | +€5,532 | +66.9% |
| Income taxes | 67/77 | €3,718 | €5,372 | +€1,655 | +44.5% |
| Profit (loss) for the period | 9904 | €4,546 | €8,423 | +€3,877 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,546 | €8,423 | +€3,877 | +85.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.