KANTOOR MAERTENS: what changed
What changed
KANTOOR MAERTENS
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€190,857
2024 · €285,072-€94,214
Equity
€1.4m
2024 · €1.5m-€45,318
Cash
€15,296
2024 · €111,347-€96,052
Balance sheet total
€2.4m
2024 · €2.6m-€220,892
Largest movements
Assets
- Current investments +€150,000
up €150,000 (+120%), from €125,000 to €275,000
- Receivables after one year -€124,450
down €124,450 (-100%), from €124,450 to €0
- Cash -€96,052
down €96,052 (-86.3%), from €111,347 to €15,296
mainly Contributions, distributions and other (-€236,175) and Debts after one year (-€159,818)
- Tangible fixed assets -€86,817
down €86,817 (-4.7%), from €1.9m to €1.8m
of which Land and buildings: -€66,714
- Intangible fixed assets -€75,000
down €75,000 (-35.2%), from €213,250 to €138,250
Equity and liabilities
- Debts after one year -€159,818
down €159,818 (-20.8%), from €769,940 to €610,122
- Current portion of long-term debt -€48,635
down €48,635 (-19.5%), from €249,703 to €201,068
- Reserves -€45,318
down €45,318 (-3.1%), from €1.5m to €1.4m
of which Distributable reserves: -€45,318
- Other debts +€31,155
up €31,155 (+13,294%), from €234 to €31,389
Income statement
- Staff costs +€145,559
up €145,559 (+38.3%), from €380,382 to €525,940
- Taxes -€49,830
down €49,830 (-34.2%), from €145,825 to €95,995
- Gross operating margin +€23,342
up €23,342 (+2.2%), from €1.1m to €1.1m
- Depreciation +€13,355
up €13,355 (+6.4%), from €210,199 to €223,554
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
€285,072
Gross operating margin
+€23,342
Staff costs
-€145,559
Depreciation
-€13,355
Other operating charges
-€405
Financial income
-€2,885
Financial charges
-€5,183
Taxes
+€49,830
Result 2025
€190,857
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
+€568,929
Investment
-€211,737
Financing
-€453,244
Cash 2024
€111,347
From operations (derived)
+€568,929
Net result for the year
+€190,857
Depreciation
+€223,554
Receivables after one year
+€124,450
Receivables within one year
-€29,725
Deferred charges and accrued income
+€18,298
Trade debts
+€2,436
Tax, wage and social debts
+€7,904
Other debts
+€31,155
Investment (derived)
-€211,737
Investment in fixed assets (net)
-€61,737
Current investments
-€150,000
Financing
-€453,244
Debts after one year
-€159,818
Current portion of long-term debt
-€48,635
Short-term financial debts
-€8,615
Contributions, distributions and other
-€236,175
Cash 2025
€15,296
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,598,315 | €2,377,423 | -€220,892 | -8.5% |
| Fixed assets | 21/28 | €2,076,628 | €1,914,811 | -€161,817 | -7.8% |
| Intangible fixed assets | 21 | €213,250 | €138,250 | -€75,000 | -35.2% |
| Tangible fixed assets | 22/27 | €1,863,378 | €1,776,561 | -€86,817 | -4.7% |
| Land and buildings | 22 | €1,662,439 | €1,595,725 | -€66,714 | -4.0% |
| Plant, machinery and equipment | 23 | €23,566 | €22,437 | -€1,129 | -4.8% |
| Furniture and vehicles | 24 | €177,373 | €158,399 | -€18,974 | -10.7% |
| Current assets | 29/58 | €521,687 | €462,612 | -€59,075 | -11.3% |
| Amounts receivable after more than one year | 29 | €124,450 | €0 | -€124,450 | -100% |
| Other amounts receivable | 291 | €124,450 | €0 | -€124,450 | -100% |
| Amounts receivable within one year | 40/41 | €131,908 | €161,633 | +€29,725 | +22.5% |
| Trade receivables | 40 | €98,812 | €99,860 | +€1,048 | +1.1% |
| Other amounts receivable | 41 | €33,096 | €61,772 | +€28,677 | +86.6% |
| Current investments | 50/53 | €125,000 | €275,000 | +€150,000 | +120% |
| Cash at bank and in hand | 54/58 | €111,347 | €15,296 | -€96,052 | -86.3% |
| Deferred charges and accrued income | 490/1 | €28,982 | €10,684 | -€18,298 | -63.1% |
| Total equity and liabilities | 10/49 | €2,598,315 | €2,377,423 | -€220,892 | -8.5% |
| Equity | 10/15 | €1,482,991 | €1,437,673 | -€45,318 | -3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,458,702 | €1,413,384 | -€45,318 | -3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,458,702 | €1,413,384 | -€45,318 | -3.1% |
| Profit (loss) carried forward | 14 | €4,289 | €4,289 | = | 0.0% |
| Amounts payable | 17/49 | €1,115,324 | €939,751 | -€175,574 | -15.7% |
| Amounts payable after more than one year | 17 | €769,940 | €610,122 | -€159,818 | -20.8% |
| Financial debts | 170/4 | €769,940 | €610,122 | -€159,818 | -20.8% |
| Amounts payable within one year | 42/48 | €345,385 | €329,629 | -€15,756 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €249,703 | €201,068 | -€48,635 | -19.5% |
| Financial debts | 43 | €8,615 | €0 | -€8,615 | -100% |
| Credit institutions | 430/8 | €8,615 | €0 | -€8,615 | -100% |
| Trade debts | 44 | €4,272 | €6,708 | +€2,436 | +57.0% |
| Suppliers | 440/4 | €4,272 | €6,708 | +€2,436 | +57.0% |
| Taxes, remuneration and social security | 45 | €82,560 | €90,464 | +€7,904 | +9.6% |
| Taxes | 450/3 | €28,647 | €30,002 | +€1,355 | +4.7% |
| Remuneration and social security | 454/9 | €53,914 | €60,463 | +€6,549 | +12.1% |
| Other amounts payable | 47/48 | €234 | €31,389 | +€31,155 | +13,294% |
| Remuneration, social security and pensions | 62 | €380,382 | €525,940 | +€145,559 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,199 | €223,554 | +€13,355 | +6.4% |
| Other operating charges | 640/8 | €11,966 | €12,370 | +€405 | +3.4% |
| Gross operating margin | 9900 | €1,054,237 | €1,077,579 | +€23,342 | +2.2% |
| Operating profit (loss) | 9901 | €451,691 | €315,714 | -€135,976 | -30.1% |
| Financial income | 75/76B | €12,185 | €9,300 | -€2,885 | -23.7% |
| Recurring financial income | 75 | €12,185 | €9,300 | -€2,885 | -23.7% |
| Financial charges | 65/66B | €32,980 | €38,162 | +€5,183 | +15.7% |
| Recurring financial charges | 65 | €32,980 | €38,162 | +€5,183 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €430,896 | €286,852 | -€144,044 | -33.4% |
| Income taxes | 67/77 | €145,825 | €95,995 | -€49,830 | -34.2% |
| Profit (loss) for the period | 9904 | €285,072 | €190,857 | -€94,214 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €285,072 | €190,857 | -€94,214 | -33.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.