RIEN MARTENS: 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.
RIEN MARTENS
Largest movements
- Tangible fixed assets -€25,984
down €25,984 (-27.3%), from €95,033 to €69,049
- Stocks and contracts -€5,191
down €5,191 (-67.5%), from €7,691 to €2,500
- Cash -€3,453
down €3,453 (-82.5%), from €4,185 to €732
mainly Debts after one year (-€27,022) and Tax, wage and social debts (-€7,500)
- Debts after one year -€27,022
down €27,022 (-46.3%), from €58,412 to €31,390
- Tax, wage and social debts -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts -€3,752
down €3,752 (-39.0%), from €9,623 to €5,871
- Gross operating margin -€32,177
down €32,177 (-51.6%), from €62,310 to €30,133
- Depreciation -€20,124
down €20,124 (-43.6%), from €46,108 to €25,984
- Other operating charges -€3,748
down €3,748 (-71.8%), from €5,220 to €1,472
- Taxes -€3,575
down €3,575, from €3,151 to -€424
- Financial charges -€1,641
down €1,641 (-46.5%), from €3,528 to €1,887
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 | €156,540 | €120,505 | -€36,035 | -23.0% |
| Fixed assets | 21/28 | €95,033 | €69,049 | -€25,984 | -27.3% |
| Tangible fixed assets | 22/27 | €95,033 | €69,049 | -€25,984 | -27.3% |
| Plant, machinery and equipment | 23 | €95,033 | €69,049 | -€25,984 | -27.3% |
| Current assets | 29/58 | €61,507 | €51,456 | -€10,051 | -16.3% |
| Stocks and contracts in progress | 3 | €7,691 | €2,500 | -€5,191 | -67.5% |
| Stocks | 30/36 | €7,691 | €2,500 | -€5,191 | -67.5% |
| Amounts receivable within one year | 40/41 | €49,631 | €48,224 | -€1,407 | -2.8% |
| Trade receivables | 40 | €28,187 | €15,279 | -€12,908 | -45.8% |
| Other amounts receivable | 41 | €21,444 | €32,945 | +€11,501 | +53.6% |
| Cash at bank and in hand | 54/58 | €4,185 | €732 | -€3,453 | -82.5% |
| Total equity and liabilities | 10/49 | €156,540 | €120,505 | -€36,035 | -23.0% |
| Equity | 10/15 | €55,037 | €56,251 | +€1,214 | +2.2% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €48,400 | €48,400 | = | 0.0% |
| Distributable reserves | 133 | €48,400 | €48,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,137 | €2,351 | +€1,214 | +107% |
| Amounts payable | 17/49 | €101,503 | €64,254 | -€37,249 | -36.7% |
| Amounts payable after more than one year | 17 | €58,412 | €31,390 | -€27,022 | -46.3% |
| Financial debts | 170/4 | €58,412 | €31,390 | -€27,022 | -46.3% |
| Amounts payable within one year | 42/48 | €43,091 | €32,864 | -€10,227 | -23.7% |
| Financial debts | 43 | €25,968 | €26,993 | +€1,025 | +3.9% |
| Credit institutions | 430/8 | €25,968 | €26,993 | +€1,025 | +3.9% |
| Trade debts | 44 | €9,623 | €5,871 | -€3,752 | -39.0% |
| Suppliers | 440/4 | €9,623 | €5,871 | -€3,752 | -39.0% |
| Taxes, remuneration and social security | 45 | €7,500 | - | -€7,500 | |
| Taxes | 450/3 | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,108 | €25,984 | -€20,124 | -43.6% |
| Other operating charges | 640/8 | €5,220 | €1,472 | -€3,748 | -71.8% |
| Gross operating margin | 9900 | €62,310 | €30,133 | -€32,177 | -51.6% |
| Operating profit (loss) | 9901 | €10,982 | €2,677 | -€8,305 | -75.6% |
| Financial charges | 65/66B | €3,528 | €1,887 | -€1,641 | -46.5% |
| Recurring financial charges | 65 | €3,528 | €1,887 | -€1,641 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €7,454 | €790 | -€6,664 | -89.4% |
| Income taxes | 67/77 | €3,151 | -€424 | -€3,575 | |
| Profit (loss) for the period | 9904 | €4,303 | €1,214 | -€3,089 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,303 | €1,214 | -€3,089 | -71.8% |
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 21 October 2026 via checked.be.