ST-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.
ST-MARTINUS
Largest movements
- Cash +€162,367
up €162,367 (+173.0%), from €93,876 to €256,243
mainly Current investments (+€150,000) and Depreciation (+€15,741)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€15,741
down €15,741 (-28.4%), from €55,340 to €39,599
of which Furniture and vehicles: -€15,159
- Advances received -€6,888
no longer reported in 2025 (was €6,888)
- Profit (loss) carried forward +€4,700
up €4,700 (+27.6%), from -€17,000 to -€12,300
- Other debts -€3,664
down €3,664 (-30.9%), from €11,858 to €8,194
- Gross operating margin +€7,082
up €7,082 (+67.5%), from €10,490 to €17,572
- Financial income +€2,114
up €2,114 (+132.0%), from €1,602 to €3,716
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 | €306,657 | €301,577 | -€5,081 | -1.7% |
| Fixed assets | 21/28 | €55,340 | €39,599 | -€15,741 | -28.4% |
| Tangible fixed assets | 22/27 | €55,340 | €39,599 | -€15,741 | -28.4% |
| Plant, machinery and equipment | 23 | €1,806 | €1,224 | -€582 | -32.2% |
| Furniture and vehicles | 24 | €53,533 | €38,375 | -€15,159 | -28.3% |
| Current assets | 29/58 | €251,317 | €261,977 | +€10,660 | +4.2% |
| Amounts receivable within one year | 40/41 | €7,441 | €5,735 | -€1,706 | -22.9% |
| Trade receivables | 40 | €6,188 | €5,590 | -€597 | -9.7% |
| Other amounts receivable | 41 | €1,254 | €145 | -€1,109 | -88.5% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €93,876 | €256,243 | +€162,367 | +173.0% |
| Total equity and liabilities | 10/49 | €306,657 | €301,577 | -€5,081 | -1.7% |
| Equity | 10/15 | €286,234 | €289,301 | +€3,067 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €297,034 | €295,401 | -€1,633 | -0.5% |
| Distributable reserves | 133 | €297,034 | €295,401 | -€1,633 | -0.5% |
| Profit (loss) carried forward | 14 | -€17,000 | -€12,300 | +€4,700 | +27.6% |
| Amounts payable | 17/49 | €20,423 | €12,276 | -€8,147 | -39.9% |
| Amounts payable within one year | 42/48 | €20,423 | €12,276 | -€8,147 | -39.9% |
| Trade debts | 44 | €1,678 | €1,299 | -€378 | -22.6% |
| Suppliers | 440/4 | €1,678 | €1,299 | -€378 | -22.6% |
| Advances received on contracts in progress | 46 | €6,888 | - | -€6,888 | |
| Taxes, remuneration and social security | 45 | - | €2,783 | +€2,783 | |
| Taxes | 450/3 | - | €2,783 | +€2,783 | |
| Other amounts payable | 47/48 | €11,858 | €8,194 | -€3,664 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,874 | €15,741 | -€133 | -0.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €10,490 | €17,572 | +€7,082 | +67.5% |
| Operating profit (loss) | 9901 | -€5,890 | €1,311 | +€7,201 | |
| Financial income | 75/76B | €1,602 | €3,716 | +€2,114 | +132.0% |
| Recurring financial income | 75 | €1,602 | €3,716 | +€2,114 | +132.0% |
| Financial charges | 65/66B | €104 | €92 | -€13 | -12.1% |
| Recurring financial charges | 65 | €104 | €92 | -€13 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,392 | €4,936 | +€9,328 | |
| Income taxes | 67/77 | €341 | €236 | -€105 | -30.8% |
| Profit (loss) for the period | 9904 | -€4,733 | €4,700 | +€9,433 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,733 | €4,700 | +€9,433 |
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 11 October 2026 via checked.be.