MARTENS DEMETS: what changed
What changed
MARTENS DEMETS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€21,061
2024 · -€8,055+€29,117
Equity
€255,196
2024 · €234,134+€21,061
Cash
€20,204
2024 · €35,398-€15,195
Balance sheet total
€469,843
2024 · €418,417+€51,426
Largest movements
Assets
- Tangible fixed assets +€48,408
up €48,408 (+37.7%), from €128,417 to €176,826
of which Furniture and vehicles: +€63,267
- Cash -€15,195
down €15,195 (-42.9%), from €35,398 to €20,204
mainly Investment in fixed assets (net) (-€72,954) and Receivables within one year (-€15,009)
- Receivables within one year +€15,009
up €15,009 (+28.8%), from €52,059 to €67,068
of which Trade receivables: +€36,011
Equity and liabilities
- Other debts +€26,953
up €26,953 (+15.2%), from €177,902 to €204,855
- Reserves +€21,061
up €21,061 (+9.2%), from €227,934 to €248,996
of which Distributable reserves: +€21,061
Income statement
- Gross operating margin +€36,477
up €36,477 (+430%), from €8,482 to €44,960
- Depreciation +€9,064
up €9,064 (+59.4%), from €15,254 to €24,318
- Financial income +€1,951
up €1,951 (+173%), from €1,128 to €3,080
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
-€8,055
Gross operating margin
+€36,477
Depreciation
-€9,064
Other operating charges
-€210
Financial income
+€1,951
Financial charges
+€10
Taxes
-€47
Result 2025
€21,061
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
+€57,759
Investment
-€72,954
Financing
€0
Cash 2024
€35,398
From operations (derived)
+€57,759
Net result for the year
+€21,061
Depreciation
+€24,318
Stocks and contracts
-€209
Receivables within one year
-€15,009
Deferred charges and accrued income
-€2,767
Trade debts
+€2,048
Tax, wage and social debts
+€1,364
Other debts
+€26,953
Investment (derived)
-€72,954
Investment in fixed assets (net)
-€72,954
Cash 2025
€20,204
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,417 | €469,843 | +€51,426 | +12.3% |
| Fixed assets | 21/28 | €220,447 | €269,083 | +€48,636 | +22.1% |
| Intangible fixed assets | 21 | - | €227 | +€227 | |
| Tangible fixed assets | 22/27 | €128,417 | €176,826 | +€48,408 | +37.7% |
| Land and buildings | 22 | €119,560 | €107,604 | -€11,956 | -10.0% |
| Plant, machinery and equipment | 23 | €7,671 | €4,768 | -€2,903 | -37.8% |
| Furniture and vehicles | 24 | €1,186 | €64,453 | +€63,267 | +5,334% |
| Financial fixed assets | 28 | €92,030 | €92,030 | = | 0.0% |
| Current assets | 29/58 | €197,970 | €200,760 | +€2,790 | +1.4% |
| Stocks and contracts in progress | 3 | €2,589 | €2,798 | +€209 | +8.1% |
| Stocks | 30/36 | €2,589 | €2,798 | +€209 | +8.1% |
| Amounts receivable within one year | 40/41 | €52,059 | €67,068 | +€15,009 | +28.8% |
| Trade receivables | 40 | €6,556 | €42,568 | +€36,011 | +549% |
| Other amounts receivable | 41 | €45,503 | €24,501 | -€21,002 | -46.2% |
| Current investments | 50/53 | €103,809 | €103,809 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,398 | €20,204 | -€15,195 | -42.9% |
| Deferred charges and accrued income | 490/1 | €4,114 | €6,881 | +€2,767 | +67.3% |
| Total equity and liabilities | 10/49 | €418,417 | €469,843 | +€51,426 | +12.3% |
| Equity | 10/15 | €234,134 | €255,196 | +€21,061 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €227,934 | €248,996 | +€21,061 | +9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €226,074 | €247,136 | +€21,061 | +9.3% |
| Amounts payable | 17/49 | €184,283 | €214,647 | +€30,365 | +16.5% |
| Amounts payable within one year | 42/48 | €184,283 | €214,647 | +€30,365 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €1,640 | €1,640 | = | 0.0% |
| Trade debts | 44 | €22 | €2,070 | +€2,048 | +9,355% |
| Suppliers | 440/4 | €22 | €2,070 | +€2,048 | +9,355% |
| Advances received on contracts in progress | 46 | €896 | €896 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,823 | €5,187 | +€1,364 | +35.7% |
| Taxes | 450/3 | - | €5,187 | +€5,187 | |
| Remuneration and social security | 454/9 | €3,823 | €0 | -€3,823 | -100% |
| Other amounts payable | 47/48 | €177,902 | €204,855 | +€26,953 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,254 | €24,318 | +€9,064 | +59.4% |
| Other operating charges | 640/8 | €2,316 | €2,527 | +€210 | +9.1% |
| Gross operating margin | 9900 | €8,482 | €44,960 | +€36,477 | +430% |
| Operating profit (loss) | 9901 | -€9,088 | €18,115 | +€27,203 | |
| Financial income | 75/76B | €1,128 | €3,080 | +€1,951 | +173% |
| Recurring financial income | 75 | €1,128 | €3,080 | +€1,951 | +173% |
| Financial charges | 65/66B | €96 | €86 | -€10 | -10.1% |
| Recurring financial charges | 65 | €96 | €86 | -€10 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,055 | €21,108 | +€29,164 | |
| Income taxes | 67/77 | €0 | €47 | +€47 | |
| Profit (loss) for the period | 9904 | -€8,055 | €21,061 | +€29,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,055 | €21,061 | +€29,117 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.