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.
What changed
SINT-MARTINUS
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,857
2024 · €11,482-€2,624
Equity
€225,779
2024 · €216,921+€8,857
Cash
€22,962
2024 · €28,310-€5,348
Balance sheet total
€629,891
2024 · €654,167-€24,276
Largest movements
Assets
- Tangible fixed assets -€18,928
down €18,928 (-3.2%), from €591,820 to €572,892
Equity and liabilities
- Other debts -€17,000
down €17,000 (-7.7%), from €221,382 to €204,382
- Profit (loss) carried forward +€14,258
new in 2025: €14,258
- Debts after one year -€13,325
down €13,325 (-15.4%), from €86,469 to €73,144
Income statement
- Gross operating margin -€3,181
down €3,181 (-8.1%), from €39,483 to €36,302
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.
Result 2024
€11,482
Gross operating margin
-€3,181
Depreciation
+€67
Other operating charges
+€263
Financial charges
+€246
Taxes
-€19
Result 2025
€8,857
raises the resultlowers the result
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.
From operations
+€7,717
Investment
€0
Financing
-€13,065
Cash 2024
€28,310
From operations (derived)
+€7,717
Net result for the year
+€8,857
Depreciation
+€18,928
Provisions
-€2,781
Trade debts
-€307
Tax, wage and social debts
+€19
Other debts
-€17,000
Financing
-€13,065
Debts after one year
-€13,325
Current portion of long-term debt
+€260
Cash 2025
€22,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,167 | €629,891 | -€24,276 | -3.7% |
| Fixed assets | 21/28 | €591,820 | €572,892 | -€18,928 | -3.2% |
| Tangible fixed assets | 22/27 | €591,820 | €572,892 | -€18,928 | -3.2% |
| Land and buildings | 22 | €591,820 | €572,892 | -€18,928 | -3.2% |
| Current assets | 29/58 | €62,347 | €56,999 | -€5,348 | -8.6% |
| Amounts receivable within one year | 40/41 | €34,037 | €34,037 | = | 0.0% |
| Other amounts receivable | 41 | €34,037 | €34,037 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,310 | €22,962 | -€5,348 | -18.9% |
| Total equity and liabilities | 10/49 | €654,167 | €629,891 | -€24,276 | -3.7% |
| Equity | 10/15 | €216,921 | €225,779 | +€8,857 | +4.1% |
| Contributions | 10/11 | €115,059 | €115,059 | = | 0.0% |
| Reserves | 13 | €101,862 | €96,462 | -€5,400 | -5.3% |
| Non-distributable reserves | 130/1 | €2,146 | €2,146 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,146 | €2,146 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,986 | €8,585 | -€5,400 | -38.6% |
| Distributable reserves | 133 | €85,731 | €85,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,258 | +€14,258 | |
| Provisions and deferred taxes | 16 | €69,499 | €66,718 | -€2,781 | -4.0% |
| Deferred taxes | 168 | €69,499 | €66,718 | -€2,781 | -4.0% |
| Amounts payable | 17/49 | €367,747 | €337,394 | -€30,353 | -8.3% |
| Amounts payable after more than one year | 17 | €86,469 | €73,144 | -€13,325 | -15.4% |
| Financial debts | 170/4 | €86,469 | €73,144 | -€13,325 | -15.4% |
| Amounts payable within one year | 42/48 | €281,278 | €264,250 | -€17,028 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €13,065 | €13,325 | +€260 | +2.0% |
| Trade debts | 44 | €40,812 | €40,505 | -€307 | -0.8% |
| Suppliers | 440/4 | €40,812 | €40,505 | -€307 | -0.8% |
| Taxes, remuneration and social security | 45 | €6,019 | €6,038 | +€19 | +0.3% |
| Taxes | 450/3 | €5,171 | €5,190 | +€19 | +0.4% |
| Remuneration and social security | 454/9 | €848 | €848 | = | 0.0% |
| Other amounts payable | 47/48 | €221,382 | €204,382 | -€17,000 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,995 | €18,928 | -€67 | -0.4% |
| Other operating charges | 640/8 | €4,369 | €4,106 | -€263 | -6.0% |
| Gross operating margin | 9900 | €39,483 | €36,302 | -€3,181 | -8.1% |
| Operating profit (loss) | 9901 | €16,119 | €13,268 | -€2,851 | -17.7% |
| Financial charges | 65/66B | €2,247 | €2,001 | -€246 | -10.9% |
| Recurring financial charges | 65 | €2,247 | €2,001 | -€246 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €13,872 | €11,267 | -€2,605 | -18.8% |
| Transfer from deferred taxes | 780 | €2,781 | €2,781 | = | 0.0% |
| Income taxes | 67/77 | €5,171 | €5,190 | +€19 | +0.4% |
| Profit (loss) for the period | 9904 | €11,482 | €8,857 | -€2,624 | -22.9% |
| Transfer from tax-exempt reserves | 789 | €5,400 | €5,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,882 | €14,258 | -€2,624 | -15.5% |
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.