VILLA MARTHA: 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.
VILLA MARTHA
Largest movements
- Cash -€212,708
down €212,708 (-97.9%), from €217,267 to €4,560
mainly Current investments (-€161,398) and Tax, wage and social debts (-€38,535)
- Current investments +€161,398
up €161,398 (+23,734,969%), from €1 to €161,398
- Tangible fixed assets -€10,689
down €10,689 (-4.6%), from €234,636 to €223,947
of which Land and buildings: -€10,137
- Tax, wage and social debts -€38,535
down €38,535 (-98.3%), from €39,221 to €686
- Profit (loss) carried forward -€10,758
down €10,758, from €0 to -€10,758
- Debts after one year -€7,233
down €7,233 (-14.1%), from €51,395 to €44,162
- Trade debts -€5,228
down €5,228 (-91.0%), from €5,745 to €516
- Gross operating margin -€93,184
down €93,184 (-93.7%), from €99,463 to €6,279
- Taxes -€39,012
down €39,012 (-99.5%), from €39,221 to €208
- Financial charges -€19,253
down €19,253 (-86.8%), from €22,177 to €2,923
- Other operating charges -€1,750
down €1,750 (-35.6%), from €4,923 to €3,172
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,407 | €398,835 | -€64,572 | -13.9% |
| Fixed assets | 21/28 | €234,636 | €223,947 | -€10,689 | -4.6% |
| Tangible fixed assets | 22/27 | €234,636 | €223,947 | -€10,689 | -4.6% |
| Land and buildings | 22 | €218,225 | €208,088 | -€10,137 | -4.6% |
| Furniture and vehicles | 24 | €1,261 | €0 | -€1,261 | -100% |
| Other tangible fixed assets | 26 | €15,150 | €15,859 | +€709 | +4.7% |
| Current assets | 29/58 | €228,771 | €174,888 | -€53,883 | -23.6% |
| Amounts receivable within one year | 40/41 | €10,461 | €7,519 | -€2,942 | -28.1% |
| Trade receivables | 40 | €8,082 | €7,102 | -€980 | -12.1% |
| Other amounts receivable | 41 | €2,379 | €417 | -€1,962 | -82.5% |
| Current investments | 50/53 | €1 | €161,398 | +€161,398 | +23,734,969% |
| Cash at bank and in hand | 54/58 | €217,267 | €4,560 | -€212,708 | -97.9% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,411 | +€370 | +35.5% |
| Total equity and liabilities | 10/49 | €463,407 | €398,835 | -€64,572 | -13.9% |
| Equity | 10/15 | €328,848 | €316,230 | -€12,618 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €147,757 | €147,757 | = | 0.0% |
| Reserves | 13 | €162,491 | €160,631 | -€1,860 | -1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €160,631 | €160,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€10,758 | -€10,758 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €134,559 | €82,605 | -€51,954 | -38.6% |
| Amounts payable after more than one year | 17 | €51,395 | €44,162 | -€7,233 | -14.1% |
| Financial debts | 170/4 | €51,395 | €44,162 | -€7,233 | -14.1% |
| Amounts payable within one year | 42/48 | €81,480 | €38,443 | -€43,037 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €6,935 | €7,233 | +€298 | +4.3% |
| Financial debts | 43 | €15 | €0 | -€15 | -100% |
| Credit institutions | 430/8 | €15 | €0 | -€15 | -100% |
| Trade debts | 44 | €5,745 | €516 | -€5,228 | -91.0% |
| Suppliers | 440/4 | €5,745 | €516 | -€5,228 | -91.0% |
| Taxes, remuneration and social security | 45 | €39,221 | €686 | -€38,535 | -98.3% |
| Taxes | 450/3 | €39,221 | €686 | -€38,535 | -98.3% |
| Other amounts payable | 47/48 | €29,565 | €30,008 | +€443 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,684 | €0 | -€1,684 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,311 | €13,212 | -€99 | -0.7% |
| Other operating charges | 640/8 | €4,923 | €3,172 | -€1,750 | -35.6% |
| Non-recurring operating charges | 66A | €1,908 | €0 | -€1,908 | -100% |
| Gross operating margin | 9900 | €99,463 | €6,279 | -€93,184 | -93.7% |
| Operating profit (loss) | 9901 | €79,321 | -€10,105 | -€89,426 | |
| Financial income | 75/76B | - | €618 | +€618 | |
| Recurring financial income | 75 | - | €618 | +€618 | |
| Financial charges | 65/66B | €22,177 | €2,923 | -€19,253 | -86.8% |
| Recurring financial charges | 65 | €22,177 | €2,923 | -€19,253 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €57,144 | -€12,410 | -€69,554 | |
| Transfer from deferred taxes | 780 | €37,154 | €0 | -€37,154 | -100% |
| Income taxes | 67/77 | €39,221 | €208 | -€39,012 | -99.5% |
| Profit (loss) for the period | 9904 | €55,077 | -€12,618 | -€67,695 | |
| Transfer from tax-exempt reserves | 789 | €79,634 | €0 | -€79,634 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €134,712 | -€12,618 | -€147,330 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.