Martygroep: 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.
Martygroep
Largest movements
- Cash +€70,841
up €70,841 (+2,306%), from €3,072 to €73,913
mainly Trade debts (+€74,109) and Debts after one year (+€42,398)
- Tangible fixed assets +€69,790
up €69,790 (+115%), from €60,909 to €130,699
of which Furniture and vehicles: +€67,251
- Receivables within one year +€46,063
up €46,063 (+115%), from €39,908 to €85,971
of which Trade receivables: +€41,506
- Trade debts +€74,109
up €74,109 (+1,137%), from €6,520 to €80,629
- Debts after one year +€42,398
up €42,398 (+99.9%), from €42,449 to €84,847
- Profit (loss) carried forward +€40,641
up €40,641, from €0 to €40,641
- Tax, wage and social debts +€17,940
up €17,940 (+2,566%), from €699 to €18,639
of which Taxes: +€16,320
- Current portion of long-term debt +€13,369
up €13,369 (+286%), from €4,670 to €18,039
- Gross operating margin +€126,341
up €126,341 (+467%), from €27,066 to €153,407
- Staff costs +€68,827
up €68,827 (+684%), from €10,069 to €78,896
- Taxes +€12,828
up €12,828 (+404%), from €3,172 to €16,000
- Depreciation +€8,194
up €8,194 (+193%), from €4,255 to €12,449
- Financial charges +€2,813
up €2,813 (+200%), from €1,410 to €4,223
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.
Derived cash bridge
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 | €105,533 | €293,595 | +€188,062 | +178% |
| Fixed assets | 21/28 | €61,101 | €130,891 | +€69,790 | +114% |
| Tangible fixed assets | 22/27 | €60,909 | €130,699 | +€69,790 | +115% |
| Land and buildings | 22 | €59,828 | €56,296 | -€3,532 | -5.9% |
| Plant, machinery and equipment | 23 | €1,081 | €7,152 | +€6,071 | +562% |
| Furniture and vehicles | 24 | - | €67,251 | +€67,251 | |
| Financial fixed assets | 28 | €192 | €192 | = | 0.0% |
| Current assets | 29/58 | €44,432 | €162,704 | +€118,273 | +266% |
| Amounts receivable within one year | 40/41 | €39,908 | €85,971 | +€46,063 | +115% |
| Trade receivables | 40 | €22,492 | €63,998 | +€41,506 | +185% |
| Other amounts receivable | 41 | €17,416 | €21,973 | +€4,558 | +26.2% |
| Cash at bank and in hand | 54/58 | €3,072 | €73,913 | +€70,841 | +2,306% |
| Deferred charges and accrued income | 490/1 | €1,452 | €2,820 | +€1,368 | +94.3% |
| Total equity and liabilities | 10/49 | €105,533 | €293,595 | +€188,062 | +178% |
| Equity | 10/15 | €36,839 | €77,480 | +€40,641 | +110% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,239 | €18,239 | = | 0.0% |
| Distributable reserves | 133 | €18,239 | €18,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €40,641 | +€40,641 | |
| Amounts payable | 17/49 | €68,694 | €216,116 | +€147,422 | +215% |
| Amounts payable after more than one year | 17 | €42,449 | €84,847 | +€42,398 | +99.9% |
| Financial debts | 170/4 | €42,449 | €84,847 | +€42,398 | +99.9% |
| Amounts payable within one year | 42/48 | €26,245 | €131,269 | +€105,024 | +400% |
| Current portion of amounts payable after more than one year | 42 | €4,670 | €18,039 | +€13,369 | +286% |
| Trade debts | 44 | €6,520 | €80,629 | +€74,109 | +1,137% |
| Suppliers | 440/4 | €6,520 | €80,629 | +€74,109 | +1,137% |
| Taxes, remuneration and social security | 45 | €699 | €18,639 | +€17,940 | +2,566% |
| Taxes | 450/3 | €630 | €16,950 | +€16,320 | +2,589% |
| Remuneration and social security | 454/9 | €69 | €1,689 | +€1,620 | +2,349% |
| Other amounts payable | 47/48 | €14,355 | €13,962 | -€393 | -2.7% |
| Remuneration, social security and pensions | 62 | €10,069 | €78,896 | +€68,827 | +684% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,255 | €12,449 | +€8,194 | +193% |
| Other operating charges | 640/8 | €1,097 | €1,712 | +€615 | +56.1% |
| Gross operating margin | 9900 | €27,066 | €153,407 | +€126,341 | +467% |
| Operating profit (loss) | 9901 | €11,645 | €60,350 | +€48,704 | +418% |
| Financial income | 75/76B | - | €514 | +€514 | |
| Recurring financial income | 75 | - | €514 | +€514 | |
| Financial charges | 65/66B | €1,410 | €4,223 | +€2,813 | +200% |
| Recurring financial charges | 65 | €1,410 | €4,223 | +€2,813 | +200% |
| Profit (loss) for the period before taxes | 9903 | €10,236 | €56,641 | +€46,405 | +453% |
| Income taxes | 67/77 | €3,172 | €16,000 | +€12,828 | +404% |
| Profit (loss) for the period | 9904 | €7,063 | €40,641 | +€33,577 | +475% |
| Profit (loss) for the period to be appropriated | 9905 | €7,063 | €40,641 | +€33,577 | +475% |
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 19 October 2026 via checked.be.