Advocaat Emma De Clercq: what changed
Advocaat Emma De Clercq
Largest movements
- Cash +€21,990
up €21,990 (+26.5%), from €82,843 to €104,833
mainly Net result for the year (+€31,453) and Depreciation (+€10,865)
- Tangible fixed assets -€10,865
down €10,865 (-28.5%), from €38,091 to €27,226
- Receivables within one year +€3,415
up €3,415 (+966%), from €353 to €3,768
of which Trade receivables: +€3,768
- Reserves +€31,453
up €31,453 (+72.2%), from €43,577 to €75,030
- Other debts -€6,451
down €6,451 (-18.7%), from €34,471 to €28,020
- Tax, wage and social debts -€6,341
down €6,341 (-30.6%), from €20,702 to €14,360
- Debts after one year -€5,087
down €5,087 (-37.3%), from €13,645 to €8,557
- Gross operating margin +€21,982
up €21,982 (+73.7%), from €29,822 to €51,804
- Taxes +€4,366
up €4,366 (+113%), from €3,854 to €8,221
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,367 | €136,931 | +€14,564 | +11.9% |
| Fixed assets | 21/28 | €38,091 | €27,226 | -€10,865 | -28.5% |
| Tangible fixed assets | 22/27 | €38,091 | €27,226 | -€10,865 | -28.5% |
| Furniture and vehicles | 24 | €38,091 | €27,226 | -€10,865 | -28.5% |
| Current assets | 29/58 | €84,277 | €109,705 | +€25,428 | +30.2% |
| Amounts receivable within one year | 40/41 | €353 | €3,768 | +€3,415 | +966% |
| Trade receivables | 40 | - | €3,768 | +€3,768 | |
| Other amounts receivable | 41 | €353 | - | -€353 | |
| Cash at bank and in hand | 54/58 | €82,843 | €104,833 | +€21,990 | +26.5% |
| Deferred charges and accrued income | 490/1 | €1,080 | €1,104 | +€24 | +2.2% |
| Total equity and liabilities | 10/49 | €122,367 | €136,931 | +€14,564 | +11.9% |
| Equity | 10/15 | €48,577 | €80,030 | +€31,453 | +64.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,577 | €75,030 | +€31,453 | +72.2% |
| Distributable reserves | 133 | €43,577 | €75,030 | +€31,453 | +72.2% |
| Amounts payable | 17/49 | €73,791 | €56,901 | -€16,889 | -22.9% |
| Amounts payable after more than one year | 17 | €13,645 | €8,557 | -€5,087 | -37.3% |
| Financial debts | 170/4 | €13,645 | €8,557 | -€5,087 | -37.3% |
| Amounts payable within one year | 42/48 | €60,146 | €48,344 | -€11,802 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €4,855 | €5,087 | +€232 | +4.8% |
| Trade debts | 44 | €119 | €876 | +€758 | +638% |
| Suppliers | 440/4 | €119 | €876 | +€758 | +638% |
| Taxes, remuneration and social security | 45 | €20,702 | €14,360 | -€6,341 | -30.6% |
| Taxes | 450/3 | €20,702 | €14,360 | -€6,341 | -30.6% |
| Other amounts payable | 47/48 | €34,471 | €28,020 | -€6,451 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,865 | €10,865 | = | 0.0% |
| Other operating charges | 640/8 | €224 | €310 | +€86 | +38.2% |
| Gross operating margin | 9900 | €29,822 | €51,804 | +€21,982 | +73.7% |
| Operating profit (loss) | 9901 | €18,734 | €40,630 | +€21,896 | +117% |
| Financial charges | 65/66B | €1,245 | €956 | -€290 | -23.3% |
| Recurring financial charges | 65 | €1,245 | €956 | -€290 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €17,488 | €39,674 | +€22,186 | +127% |
| Income taxes | 67/77 | €3,854 | €8,221 | +€4,366 | +113% |
| Profit (loss) for the period | 9904 | €13,634 | €31,453 | +€17,819 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €13,634 | €31,453 | +€17,819 | +131% |
Next steps
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 5 November 2026 via checked.be.