Mrtns: 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.
Mrtns
Largest movements
- Cash +€35,199
up €35,199 (+29.8%), from €118,075 to €153,274
mainly Net result for the year (+€34,342) and Tax, wage and social debts (+€9,284)
- Tangible fixed assets +€9,620
up €9,620 (+148.4%), from €6,481 to €16,101
of which Plant, machinery and equipment: +€8,590
- Reserves +€34,342
up €34,342 (+27.6%), from €124,520 to €158,863
- Tax, wage and social debts +€9,284
up €9,284 (+90.9%), from €10,219 to €19,503
- Gross operating margin -€10,384
down €10,384 (-18.1%), from €57,502 to €47,117
- Staff costs -€2,131
down €2,131 (-100.0%), from €2,131 to €0
- Taxes -€945
down €945 (-9.2%), from €10,219 to €9,274
- Depreciation +€811
up €811 (+35.5%), from €2,283 to €3,094
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 | €141,647 | €184,602 | +€42,955 | +30.3% |
| Fixed assets | 21/28 | €7,081 | €16,701 | +€9,620 | +135.9% |
| Tangible fixed assets | 22/27 | €6,481 | €16,101 | +€9,620 | +148.4% |
| Plant, machinery and equipment | 23 | €5,261 | €13,851 | +€8,590 | +163.3% |
| Furniture and vehicles | 24 | €1,220 | €2,250 | +€1,030 | +84.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €134,565 | €167,901 | +€33,335 | +24.8% |
| Amounts receivable within one year | 40/41 | €15,672 | €14,347 | -€1,325 | -8.5% |
| Trade receivables | 40 | €13,695 | €12,637 | -€1,058 | -7.7% |
| Other amounts receivable | 41 | €1,977 | €1,710 | -€267 | -13.5% |
| Cash at bank and in hand | 54/58 | €118,075 | €153,274 | +€35,199 | +29.8% |
| Deferred charges and accrued income | 490/1 | €819 | €280 | -€539 | -65.8% |
| Total equity and liabilities | 10/49 | €141,647 | €184,602 | +€42,955 | +30.3% |
| Equity | 10/15 | €129,520 | €163,863 | +€34,342 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €124,520 | €158,863 | +€34,342 | +27.6% |
| Distributable reserves | 133 | €124,520 | €158,863 | +€34,342 | +27.6% |
| Amounts payable | 17/49 | €12,127 | €20,739 | +€8,613 | +71.0% |
| Amounts payable within one year | 42/48 | €12,127 | €20,739 | +€8,613 | +71.0% |
| Trade debts | 44 | €1,270 | €1,115 | -€155 | -12.2% |
| Suppliers | 440/4 | €1,270 | €1,115 | -€155 | -12.2% |
| Taxes, remuneration and social security | 45 | €10,219 | €19,503 | +€9,284 | +90.9% |
| Taxes | 450/3 | €10,219 | €19,503 | +€9,284 | +90.9% |
| Other amounts payable | 47/48 | €638 | €121 | -€517 | -81.0% |
| Remuneration, social security and pensions | 62 | €2,131 | €0 | -€2,131 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €3,094 | +€811 | +35.5% |
| Other operating charges | 640/8 | €176 | €292 | +€116 | +65.7% |
| Non-recurring operating charges | 66A | €7,216 | €0 | -€7,216 | -100.0% |
| Gross operating margin | 9900 | €57,502 | €47,117 | -€10,384 | -18.1% |
| Operating profit (loss) | 9901 | €45,695 | €43,731 | -€1,964 | -4.3% |
| Financial income | 75/76B | €37 | €12 | -€26 | -68.5% |
| Recurring financial income | 75 | €37 | €12 | -€26 | -68.5% |
| Financial charges | 65/66B | €82 | €127 | +€45 | +54.8% |
| Recurring financial charges | 65 | €82 | €127 | +€45 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €45,651 | €43,616 | -€2,035 | -4.5% |
| Income taxes | 67/77 | €10,219 | €9,274 | -€945 | -9.2% |
| Profit (loss) for the period | 9904 | €35,432 | €34,342 | -€1,090 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,432 | €34,342 | -€1,090 | -3.1% |
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.