Peter Marx, Advocaat: 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.
Peter Marx, Advocaat
Largest movements
- Receivables after one year +€79,384
up €79,384 (+54.7%), from €145,010 to €224,393
- Cash -€41,611
down €41,611 (-22.4%), from €185,444 to €143,833
mainly Contributions, distributions and other (-€111,765) and Receivables after one year (-€79,384)
- Tangible fixed assets -€15,011
down €15,011 (-58.2%), from €25,804 to €10,793
- Receivables within one year -€3,947
down €3,947 (-39.2%), from €10,077 to €6,130
- Other debts +€31,525
up €31,525 (+69.4%), from €45,411 to €76,935
- Tax, wage and social debts -€10,868
down €10,868 (-22.1%), from €49,197 to €38,330
- Current portion of long-term debt -€8,478
no longer reported in 2025 (was €8,478)
- Reserves +€7,034
up €7,034 (+2.6%), from €269,762 to €276,796
- Other operating charges +€3,339
up €3,339 (+164%), from €2,035 to €5,374
- Gross operating margin +€2,817
up €2,817 (+1.5%), from €186,608 to €189,425
- Taxes +€2,159
up €2,159 (+4.3%), from €50,067 to €52,226
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 | €376,362 | €393,791 | +€17,429 | +4.6% |
| Fixed assets | 21/28 | €28,804 | €13,793 | -€15,011 | -52.1% |
| Tangible fixed assets | 22/27 | €25,804 | €10,793 | -€15,011 | -58.2% |
| Furniture and vehicles | 24 | €25,804 | €10,793 | -€15,011 | -58.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €347,558 | €379,998 | +€32,440 | +9.3% |
| Amounts receivable after more than one year | 29 | €145,010 | €224,393 | +€79,384 | +54.7% |
| Trade receivables | 290 | €145,010 | €224,393 | +€79,384 | +54.7% |
| Amounts receivable within one year | 40/41 | €10,077 | €6,130 | -€3,947 | -39.2% |
| Other amounts receivable | 41 | €10,077 | €6,130 | -€3,947 | -39.2% |
| Current investments | 50/53 | €4,012 | €4,022 | +€9 | +0.2% |
| Cash at bank and in hand | 54/58 | €185,444 | €143,833 | -€41,611 | -22.4% |
| Deferred charges and accrued income | 490/1 | €3,014 | €1,619 | -€1,395 | -46.3% |
| Total equity and liabilities | 10/49 | €376,362 | €393,791 | +€17,429 | +4.6% |
| Equity | 10/15 | €270,162 | €277,196 | +€7,034 | +2.6% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €269,762 | €276,796 | +€7,034 | +2.6% |
| Distributable reserves | 133 | €269,762 | €276,796 | +€7,034 | +2.6% |
| Amounts payable | 17/49 | €106,199 | €116,595 | +€10,395 | +9.8% |
| Amounts payable within one year | 42/48 | €106,199 | €116,595 | +€10,395 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €8,478 | - | -€8,478 | |
| Financial debts | 43 | €2,093 | €561 | -€1,532 | -73.2% |
| Credit institutions | 430/8 | €2,093 | €561 | -€1,532 | -73.2% |
| Trade debts | 44 | €1,020 | €768 | -€252 | -24.7% |
| Suppliers | 440/4 | €1,020 | €768 | -€252 | -24.7% |
| Taxes, remuneration and social security | 45 | €49,197 | €38,330 | -€10,868 | -22.1% |
| Taxes | 450/3 | €49,197 | €38,330 | -€10,868 | -22.1% |
| Other amounts payable | 47/48 | €45,411 | €76,935 | +€31,525 | +69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,558 | €15,011 | -€1,547 | -9.3% |
| Other operating charges | 640/8 | €2,035 | €5,374 | +€3,339 | +164% |
| Gross operating margin | 9900 | €186,608 | €189,425 | +€2,817 | +1.5% |
| Operating profit (loss) | 9901 | €168,015 | €169,040 | +€1,025 | +0.6% |
| Financial income | 75/76B | €1,988 | €2,874 | +€886 | +44.6% |
| Recurring financial income | 75 | €1,988 | €2,874 | +€886 | +44.6% |
| Financial charges | 65/66B | €1,155 | €890 | -€265 | -23.0% |
| Recurring financial charges | 65 | €1,155 | €890 | -€265 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €168,848 | €171,025 | +€2,177 | +1.3% |
| Income taxes | 67/77 | €50,067 | €52,226 | +€2,159 | +4.3% |
| Profit (loss) for the period | 9904 | €118,781 | €118,799 | +€18 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,781 | €118,799 | +€18 | 0.0% |
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 29 October 2026 via checked.be.