SINT-MARTINUS: 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.
SINT-MARTINUS
Largest movements
- Receivables within one year +€95,576
up €95,576 (+44.4%), from €215,162 to €310,738
of which Trade receivables: +€92,077
- Stocks and contracts +€94,489
up €94,489 (+16.8%), from €563,733 to €658,222
- Cash -€28,129
down €28,129 (-10.1%), from €277,965 to €249,836
mainly Contributions, distributions and other (-€215,000) and Receivables within one year (-€95,576)
- Trade debts +€145,448
up €145,448 (+74.6%), from €195,097 to €340,545
- Other debts +€45,699
up €45,699 (+9.8%), from €464,337 to €510,036
- Tax, wage and social debts -€27,611
down €27,611 (-15.2%), from €181,823 to €154,213
of which Taxes: -€49,171
- Gross operating margin -€96,212
down €96,212 (-9.7%), from €996,808 to €900,596
- Staff costs -€70,186
down €70,186 (-8.6%), from €820,000 to €749,814
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 | €1,521,852 | €1,686,801 | +€164,949 | +10.8% |
| Fixed assets | 21/28 | €41,208 | €32,511 | -€8,697 | -21.1% |
| Intangible fixed assets | 21 | €2,687 | - | -€2,687 | |
| Tangible fixed assets | 22/27 | €29,768 | €23,759 | -€6,009 | -20.2% |
| Plant, machinery and equipment | 23 | €2,173 | €1,568 | -€605 | -27.9% |
| Furniture and vehicles | 24 | €5,306 | €2,928 | -€2,377 | -44.8% |
| Other tangible fixed assets | 26 | €22,289 | €19,263 | -€3,026 | -13.6% |
| Financial fixed assets | 28 | €8,752 | €8,752 | = | 0.0% |
| Current assets | 29/58 | €1,480,644 | €1,654,290 | +€173,646 | +11.7% |
| Amounts receivable after more than one year | 29 | €365,000 | €365,000 | = | 0.0% |
| Other amounts receivable | 291 | €365,000 | €365,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €563,733 | €658,222 | +€94,489 | +16.8% |
| Stocks | 30/36 | €563,733 | €658,222 | +€94,489 | +16.8% |
| Amounts receivable within one year | 40/41 | €215,162 | €310,738 | +€95,576 | +44.4% |
| Trade receivables | 40 | €182,818 | €274,895 | +€92,077 | +50.4% |
| Other amounts receivable | 41 | €32,344 | €35,843 | +€3,499 | +10.8% |
| Cash at bank and in hand | 54/58 | €277,965 | €249,836 | -€28,129 | -10.1% |
| Deferred charges and accrued income | 490/1 | €58,784 | €70,494 | +€11,710 | +19.9% |
| Total equity and liabilities | 10/49 | €1,521,852 | €1,686,801 | +€164,949 | +10.8% |
| Equity | 10/15 | €380,595 | €381,039 | +€443 | +0.1% |
| Contributions | 10/11 | €298,000 | €298,000 | = | 0.0% |
| Capital | 10 | €298,000 | €298,000 | = | 0.0% |
| Issued capital | 100 | €298,000 | €298,000 | = | 0.0% |
| Reserves | 13 | €40,888 | €40,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,800 | €29,800 | = | 0.0% |
| Legal reserve | 130 | €29,800 | €29,800 | = | 0.0% |
| Distributable reserves | 133 | €11,088 | €11,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,707 | €42,151 | +€443 | +1.1% |
| Amounts payable | 17/49 | €1,141,257 | €1,305,763 | +€164,506 | +14.4% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €841,257 | €1,004,794 | +€163,537 | +19.4% |
| Trade debts | 44 | €195,097 | €340,545 | +€145,448 | +74.6% |
| Suppliers | 440/4 | €195,097 | €340,545 | +€145,448 | +74.6% |
| Taxes, remuneration and social security | 45 | €181,823 | €154,213 | -€27,611 | -15.2% |
| Taxes | 450/3 | €96,200 | €47,029 | -€49,171 | -51.1% |
| Remuneration and social security | 454/9 | €85,624 | €107,184 | +€21,560 | +25.2% |
| Other amounts payable | 47/48 | €464,337 | €510,036 | +€45,699 | +9.8% |
| Accrued charges and deferred income | 492/3 | - | €969 | +€969 | |
| Remuneration, social security and pensions | 62 | €820,000 | €749,814 | -€70,186 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,808 | €10,547 | -€7,262 | -40.8% |
| Other operating charges | 640/8 | €1,886 | €2,631 | +€745 | +39.5% |
| Gross operating margin | 9900 | €996,808 | €900,596 | -€96,212 | -9.7% |
| Operating profit (loss) | 9901 | €157,113 | €137,604 | -€19,510 | -12.4% |
| Financial income | 75/76B | €104,902 | €104,467 | -€434 | -0.4% |
| Recurring financial income | 75 | €104,902 | €104,467 | -€434 | -0.4% |
| Financial charges | 65/66B | €25,844 | €21,376 | -€4,468 | -17.3% |
| Recurring financial charges | 65 | €25,844 | €21,376 | -€4,468 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €236,171 | €220,695 | -€15,475 | -6.6% |
| Income taxes | 67/77 | €5,561 | €5,252 | -€309 | -5.5% |
| Profit (loss) for the period | 9904 | €230,610 | €215,443 | -€15,167 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €230,610 | €215,443 | -€15,167 | -6.6% |
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 24 October 2026 via checked.be.