Advocaat Robert Martens: what changed
What changed
Advocaat Robert Martens
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €664,418+€452,527
Equity
€3.4m
2024 · €3.6m-€142,355
Cash
€249,225
2024 · €281,338-€32,114
Balance sheet total
€3.9m
2024 · €4.2m-€298,667
Largest movements
Assets
- Current investments -€202,671
down €202,671 (-9.2%), from €2.2m to €2.0m
- Receivables within one year -€68,404
down €68,404 (-36.8%), from €185,972 to €117,568
of which Trade receivables: -€80,009
Equity and liabilities
- Reserves -€142,355
down €142,355 (-4.0%), from €3.6m to €3.4m
- Debts after one year -€114,143
down €114,143 (-38.8%), from €294,143 to €180,000
- Tax, wage and social debts +€98,825
up €98,825 (+89.6%), from €110,331 to €209,156
- Trade debts -€84,953
down €84,953 (-91.0%), from €93,346 to €8,392
- Current portion of long-term debt -€57,592
down €57,592 (-49.0%), from €117,592 to €60,000
Income statement
- Financial income +€402,943
up €402,943 (+824%), from €48,926 to €451,868
- Gross operating margin +€181,819
up €181,819 (+18.3%), from €992,251 to €1.2m
- Taxes +€100,754
up €100,754 (+33.7%), from €299,401 to €400,155
- Financial charges +€40,001
up €40,001 (+1,253%), from €3,192 to €43,192
- Depreciation -€19,225
down €19,225 (-27.5%), from €69,980 to €50,755
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€664,418
Gross operating margin
+€181,819
Depreciation
+€19,225
Other operating charges
-€10,705
Financial income
+€402,943
Financial charges
-€40,001
Taxes
-€100,754
Result 2025
€1.1m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
+€182,641
Financing
-€1.4m
Cash 2024
€281,338
From operations (derived)
+€1.2m
Net result for the year
+€1.1m
Depreciation
+€50,755
Receivables within one year
+€68,404
Deferred charges and accrued income
-€35,246
Trade debts
-€84,953
Tax, wage and social debts
+€98,825
Accrued charges and deferred income
+€1,551
Investment (derived)
+€182,641
Investment in fixed assets (net)
-€20,029
Current investments
+€202,671
Financing
-€1.4m
Debts after one year
-€114,143
Current portion of long-term debt
-€57,592
Contributions, distributions and other
-€1.3m
Cash 2025
€249,225
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,205,510 | €3,906,843 | -€298,667 | -7.1% |
| Fixed assets | 21/28 | €1,525,407 | €1,494,682 | -€30,725 | -2.0% |
| Tangible fixed assets | 22/27 | €1,525,407 | €1,494,682 | -€30,725 | -2.0% |
| Land and buildings | 22 | €1,349,254 | €1,313,342 | -€35,912 | -2.7% |
| Plant, machinery and equipment | 23 | €29,203 | €22,209 | -€6,994 | -24.0% |
| Furniture and vehicles | 24 | €613 | €306 | -€306 | -50.0% |
| Other tangible fixed assets | 26 | €146,337 | €158,824 | +€12,487 | +8.5% |
| Current assets | 29/58 | €2,680,103 | €2,412,162 | -€267,942 | -10.0% |
| Amounts receivable within one year | 40/41 | €185,972 | €117,568 | -€68,404 | -36.8% |
| Trade receivables | 40 | €180,049 | €100,040 | -€80,009 | -44.4% |
| Other amounts receivable | 41 | €5,923 | €17,528 | +€11,605 | +196% |
| Current investments | 50/53 | €2,208,810 | €2,006,139 | -€202,671 | -9.2% |
| Cash at bank and in hand | 54/58 | €281,338 | €249,225 | -€32,114 | -11.4% |
| Deferred charges and accrued income | 490/1 | €3,984 | €39,230 | +€35,246 | +885% |
| Total equity and liabilities | 10/49 | €4,205,510 | €3,906,843 | -€298,667 | -7.1% |
| Equity | 10/15 | €3,589,078 | €3,446,723 | -€142,355 | -4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,574,401 | €3,432,046 | -€142,355 | -4.0% |
| Distributable reserves | 133 | €3,574,401 | €3,432,046 | -€142,355 | -4.0% |
| Profit (loss) carried forward | 14 | €2,277 | €2,277 | = | 0.0% |
| Amounts payable | 17/49 | €616,432 | €460,120 | -€156,312 | -25.4% |
| Amounts payable after more than one year | 17 | €294,143 | €180,000 | -€114,143 | -38.8% |
| Financial debts | 170/4 | €294,143 | €180,000 | -€114,143 | -38.8% |
| Amounts payable within one year | 42/48 | €321,268 | €277,548 | -€43,720 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €117,592 | €60,000 | -€57,592 | -49.0% |
| Trade debts | 44 | €93,346 | €8,392 | -€84,953 | -91.0% |
| Suppliers | 440/4 | €93,346 | €8,392 | -€84,953 | -91.0% |
| Taxes, remuneration and social security | 45 | €110,331 | €209,156 | +€98,825 | +89.6% |
| Taxes | 450/3 | €110,331 | €209,156 | +€98,825 | +89.6% |
| Accrued charges and deferred income | 492/3 | €1,021 | €2,572 | +€1,551 | +152% |
| Non-recurring operating income | 76A | - | €17,150 | +€17,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,980 | €50,755 | -€19,225 | -27.5% |
| Other operating charges | 640/8 | €4,185 | €14,890 | +€10,705 | +256% |
| Gross operating margin | 9900 | €992,251 | €1,174,070 | +€181,819 | +18.3% |
| Operating profit (loss) | 9901 | €918,085 | €1,108,425 | +€190,340 | +20.7% |
| Financial income | 75/76B | €48,926 | €451,868 | +€402,943 | +824% |
| Recurring financial income | 75 | €48,926 | €451,868 | +€402,943 | +824% |
| Financial charges | 65/66B | €3,192 | €43,192 | +€40,001 | +1,253% |
| Recurring financial charges | 65 | €3,192 | €43,192 | +€40,001 | +1,253% |
| Profit (loss) for the period before taxes | 9903 | €963,819 | €1,517,100 | +€553,281 | +57.4% |
| Income taxes | 67/77 | €299,401 | €400,155 | +€100,754 | +33.7% |
| Profit (loss) for the period | 9904 | €664,418 | €1,116,945 | +€452,527 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €664,418 | €1,116,945 | +€452,527 | +68.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.