TERRIBLE MARTIN: 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.
TERRIBLE MARTIN
Largest movements
- Cash -€10,141
down €10,141 (-96.0%), from €10,562 to €421
mainly Other debts (-€16,944) and Net result for the year (-€6,410)
- Receivables within one year -€8,879
down €8,879 (-28.1%), from €31,567 to €22,687
of which Other amounts receivable: -€8,786
- Deferred charges and accrued income -€626
down €626 (-57.1%), from €1,096 to €470
- Other debts -€16,944
down €16,944 (-100%), from €16,944 to €0
- Profit (loss) carried forward -€6,410
down €6,410, from €0 to -€6,410
- Trade debts +€3,236
up €3,236 (+155%), from €2,088 to €5,324
- Accrued charges and deferred income +€1,025
up €1,025 (+100%), from €1,025 to €2,050
- Tax, wage and social debts -€786
down €786 (-15.1%), from €5,210 to €4,424
of which Remuneration and social security: -€560
- Gross operating margin -€15,070
down €15,070 (-92.5%), from €16,287 to €1,217
- Staff costs -€3,715
down €3,715 (-37.6%), from €9,889 to €6,174
- Taxes -€1,172
down €1,172 (-100%), from €1,172 to €0
- Depreciation -€885
down €885 (-79.3%), from €1,117 to €232
- Financial income -€586
down €586 (-28.5%), from €2,053 to €1,467
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 | €43,867 | €23,989 | -€19,878 | -45.3% |
| Fixed assets | 21/28 | €642 | €410 | -€232 | -36.1% |
| Tangible fixed assets | 22/27 | €642 | €410 | -€232 | -36.1% |
| Plant, machinery and equipment | 23 | €142 | €0 | -€142 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €500 | €410 | -€90 | -18.0% |
| Current assets | 29/58 | €43,225 | €23,578 | -€19,647 | -45.5% |
| Amounts receivable within one year | 40/41 | €31,567 | €22,687 | -€8,879 | -28.1% |
| Trade receivables | 40 | €94 | €0 | -€94 | -100% |
| Other amounts receivable | 41 | €31,473 | €22,687 | -€8,786 | -27.9% |
| Cash at bank and in hand | 54/58 | €10,562 | €421 | -€10,141 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,096 | €470 | -€626 | -57.1% |
| Total equity and liabilities | 10/49 | €43,867 | €23,989 | -€19,878 | -45.3% |
| Equity | 10/15 | €18,600 | €12,190 | -€6,410 | -34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,410 | -€6,410 | |
| Amounts payable | 17/49 | €25,267 | €11,799 | -€13,468 | -53.3% |
| Amounts payable within one year | 42/48 | €24,242 | €9,749 | -€14,493 | -59.8% |
| Trade debts | 44 | €2,088 | €5,324 | +€3,236 | +155% |
| Suppliers | 440/4 | €2,088 | €5,324 | +€3,236 | +155% |
| Taxes, remuneration and social security | 45 | €5,210 | €4,424 | -€786 | -15.1% |
| Taxes | 450/3 | €4,367 | €4,141 | -€226 | -5.2% |
| Remuneration and social security | 454/9 | €843 | €283 | -€560 | -66.4% |
| Other amounts payable | 47/48 | €16,944 | €0 | -€16,944 | -100% |
| Accrued charges and deferred income | 492/3 | €1,025 | €2,050 | +€1,025 | +100% |
| Remuneration, social security and pensions | 62 | €9,889 | €6,174 | -€3,715 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €232 | -€885 | -79.3% |
| Other operating charges | 640/8 | €992 | €620 | -€372 | -37.5% |
| Gross operating margin | 9900 | €16,287 | €1,217 | -€15,070 | -92.5% |
| Operating profit (loss) | 9901 | €4,290 | -€5,808 | -€10,098 | |
| Financial income | 75/76B | €2,053 | €1,467 | -€586 | -28.5% |
| Recurring financial income | 75 | €2,053 | €1,467 | -€586 | -28.5% |
| Financial charges | 65/66B | €2,426 | €2,069 | -€357 | -14.7% |
| Recurring financial charges | 65 | €2,426 | €2,069 | -€357 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €3,917 | -€6,410 | -€10,327 | |
| Income taxes | 67/77 | €1,172 | €0 | -€1,172 | -100% |
| Profit (loss) for the period | 9904 | €2,745 | -€6,410 | -€9,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,745 | -€6,410 | -€9,155 |
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 31 October 2026 via checked.be.