MARTY: 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.
MARTY
Largest movements
- Cash -€393,767
down €393,767 (-71.1%), from €553,489 to €159,722
mainly Contributions, distributions and other (-€230,000) and Investment in fixed assets (net) (-€195,948)
- Tangible fixed assets +€170,611
up €170,611 (+435.0%), from €39,217 to €209,829
of which Other tangible fixed assets: +€178,984
- Receivables within one year +€83,805
up €83,805 (+34.1%), from €246,063 to €329,867
of which Trade receivables: +€75,923
- Stocks and contracts +€45,526
up €45,526 (+9.5%), from €476,711 to €522,237
- Other debts -€150,000
down €150,000 (-39.5%), from €380,000 to €230,000
- Trade debts +€50,688
up €50,688 (+35.8%), from €141,424 to €192,112
- Staff costs +€136,881
up €136,881 (+29.9%), from €458,404 to €595,285
- Depreciation +€18,472
up €18,472 (+269.0%), from €6,866 to €25,337
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 | €1,553,044 | €1,468,467 | -€84,577 | -5.4% |
| Fixed assets | 21/28 | €39,863 | €210,474 | +€170,611 | +428.0% |
| Tangible fixed assets | 22/27 | €39,217 | €209,829 | +€170,611 | +435.0% |
| Plant, machinery and equipment | 23 | €15,043 | €10,830 | -€4,213 | -28.0% |
| Furniture and vehicles | 24 | €10,051 | €5,892 | -€4,159 | -41.4% |
| Other tangible fixed assets | 26 | €14,123 | €193,107 | +€178,984 | +1267.3% |
| Financial fixed assets | 28 | €646 | €646 | = | 0.0% |
| Current assets | 29/58 | €1,513,181 | €1,257,992 | -€255,188 | -16.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €476,711 | €522,237 | +€45,526 | +9.5% |
| Stocks | 30/36 | €476,711 | €522,237 | +€45,526 | +9.5% |
| Amounts receivable within one year | 40/41 | €246,063 | €329,867 | +€83,805 | +34.1% |
| Trade receivables | 40 | €23,505 | €99,429 | +€75,923 | +323.0% |
| Other amounts receivable | 41 | €222,557 | €230,439 | +€7,882 | +3.5% |
| Cash at bank and in hand | 54/58 | €553,489 | €159,722 | -€393,767 | -71.1% |
| Deferred charges and accrued income | 490/1 | €36,918 | €46,166 | +€9,248 | +25.0% |
| Total equity and liabilities | 10/49 | €1,553,044 | €1,468,467 | -€84,577 | -5.4% |
| Equity | 10/15 | €676,682 | €680,959 | +€4,277 | +0.6% |
| Contributions | 10/11 | €412,000 | €412,000 | = | 0.0% |
| Capital | 10 | €412,000 | €412,000 | = | 0.0% |
| Issued capital | 100 | €412,000 | €412,000 | = | 0.0% |
| Reserves | 13 | €42,588 | €42,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,200 | €41,200 | = | 0.0% |
| Legal reserve | 130 | €41,200 | €41,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,388 | €1,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,094 | €226,371 | +€4,277 | +1.9% |
| Amounts payable | 17/49 | €876,362 | €787,508 | -€88,854 | -10.1% |
| Amounts payable within one year | 42/48 | €876,362 | €787,508 | -€88,854 | -10.1% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €141,424 | €192,112 | +€50,688 | +35.8% |
| Suppliers | 440/4 | €141,424 | €192,112 | +€50,688 | +35.8% |
| Taxes, remuneration and social security | 45 | €154,938 | €165,396 | +€10,458 | +6.7% |
| Taxes | 450/3 | €84,974 | €81,097 | -€3,877 | -4.6% |
| Remuneration and social security | 454/9 | €69,964 | €84,299 | +€14,335 | +20.5% |
| Other amounts payable | 47/48 | €380,000 | €230,000 | -€150,000 | -39.5% |
| Remuneration, social security and pensions | 62 | €458,404 | €595,285 | +€136,881 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,866 | €25,337 | +€18,472 | +269.0% |
| Other operating charges | 640/8 | €2,235 | €1,893 | -€342 | -15.3% |
| Gross operating margin | 9900 | €866,581 | €872,844 | +€6,263 | +0.7% |
| Operating profit (loss) | 9901 | €399,076 | €250,329 | -€148,747 | -37.3% |
| Financial income | 75/76B | €6,642 | €6,870 | +€228 | +3.4% |
| Recurring financial income | 75 | €6,642 | €6,870 | +€228 | +3.4% |
| Financial charges | 65/66B | €22,916 | €22,626 | -€289 | -1.3% |
| Recurring financial charges | 65 | €22,916 | €22,626 | -€289 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €382,801 | €234,572 | -€148,229 | -38.7% |
| Income taxes | 67/77 | €162 | €296 | +€134 | +82.7% |
| Profit (loss) for the period | 9904 | €382,640 | €234,277 | -€148,363 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €382,640 | €234,277 | -€148,363 | -38.8% |
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 7 October 2026 via checked.be.