ALAIN VAN GEEL: 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.
What changed
ALAIN VAN GEEL
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€532,702
2024 · €456,226+€76,475
Equity
€1.7m
2024 · €2.8m-€1.1m
Cash
€977,131
2024 · €965,440+€11,691
Balance sheet total
€5.5m
2024 · €3.7m+€1.7m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+266%), from €649,770 to €2.4m
of which Land and buildings: +€1.7m
Equity and liabilities
- Reserves -€1.1m
down €1.1m (-38.4%), from €2.8m to €1.7m
of which Distributable reserves: -€1.1m
- Other debts +€1.1m
up €1.1m (+157%), from €687,290 to €1.8m
- Short-term financial debts +€900,000
new in 2025: €900,000
- Debts after one year +€800,000
new in 2025: €800,000
Income statement
- Gross operating margin +€172,424
up €172,424 (+24.6%), from €700,624 to €873,049
- Other operating charges +€95,323
up €95,323 (+1,595%), from €5,977 to €101,300
- Financial income +€47,320
up €47,320 (+110%), from €43,060 to €90,381
- Taxes +€37,637
up €37,637 (+17.3%), from €217,303 to €254,939
- Depreciation +€9,487
up €9,487 (+15.8%), from €60,174 to €69,661
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.
Result 2024
€456,226
Gross operating margin
+€172,424
Depreciation
-€9,487
Other operating charges
-€95,323
Financial income
+€47,320
Financial charges
-€823
Taxes
-€37,637
Result 2025
€532,702
raises the resultlowers the result
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.
From operations
+€1.7m
Investment
-€1.8m
Financing
+€77,860
Cash 2024
€965,440
From operations (derived)
+€1.7m
Net result for the year
+€532,702
Depreciation
+€69,661
Receivables after one year
-€6,991
Receivables within one year
+€23,875
Deferred charges and accrued income
-€997
Trade debts
+€9,345
Tax, wage and social debts
+€24,185
Other debts
+€1.1m
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€77,860
Debts after one year
+€800,000
Current portion of long-term debt
-€5,985
Short-term financial debts
+€900,000
Contributions, distributions and other
-€1.6m
Cash 2025
€977,131
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,736,446 | €5,461,491 | +€1.7m | +46.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €786,328 | €2,515,569 | +€1.7m | +220% |
| Tangible fixed assets | 22/27 | €649,770 | €2,375,416 | +€1.7m | +266% |
| Land and buildings | 22 | €351,356 | €2,018,534 | +€1.7m | +474% |
| Plant, machinery and equipment | 23 | €8,226 | €5,557 | -€2,668 | -32.4% |
| Furniture and vehicles | 24 | €48,816 | €37,959 | -€10,857 | -22.2% |
| Leasing and similar rights | 25 | €422 | - | -€422 | |
| Other tangible fixed assets | 26 | €240,951 | €313,365 | +€72,414 | +30.1% |
| Financial fixed assets | 28 | €136,558 | €140,154 | +€3,596 | +2.6% |
| Current assets | 29/58 | €2,950,118 | €2,945,922 | -€4,196 | -0.1% |
| Amounts receivable after more than one year | 29 | €574,296 | €581,287 | +€6,991 | +1.2% |
| Other amounts receivable | 291 | €574,296 | €581,287 | +€6,991 | +1.2% |
| Amounts receivable within one year | 40/41 | €43,728 | €19,853 | -€23,875 | -54.6% |
| Trade receivables | 40 | €43,706 | €8,153 | -€35,553 | -81.3% |
| Other amounts receivable | 41 | €22 | €11,700 | +€11,678 | +53,373% |
| Current investments | 50/53 | €1,357,020 | €1,357,020 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €965,440 | €977,131 | +€11,691 | +1.2% |
| Deferred charges and accrued income | 490/1 | €9,634 | €10,631 | +€997 | +10.4% |
| Total equity and liabilities | 10/49 | €3,736,446 | €5,461,491 | +€1.7m | +46.2% |
| Equity | 10/15 | €2,827,332 | €1,743,879 | -€1.1m | -38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,821,132 | €1,737,679 | -€1.1m | -38.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,802,382 | €1,718,929 | -€1.1m | -38.7% |
| Amounts payable | 17/49 | €909,114 | €3,717,612 | +€2.8m | +309% |
| Amounts payable after more than one year | 17 | - | €800,000 | +€800,000 | |
| Financial debts | 170/4 | - | €800,000 | +€800,000 | |
| Amounts payable within one year | 42/48 | €909,114 | €2,917,612 | +€2.0m | +221% |
| Current portion of amounts payable after more than one year | 42 | €5,985 | - | -€5,985 | |
| Financial debts | 43 | - | €900,000 | +€900,000 | |
| Credit institutions | 430/8 | - | €900,000 | +€900,000 | |
| Trade debts | 44 | €17,581 | €26,926 | +€9,345 | +53.2% |
| Suppliers | 440/4 | €17,581 | €26,926 | +€9,345 | +53.2% |
| Taxes, remuneration and social security | 45 | €198,258 | €222,443 | +€24,185 | +12.2% |
| Taxes | 450/3 | €195,608 | €220,443 | +€24,835 | +12.7% |
| Remuneration and social security | 454/9 | €2,650 | €2,000 | -€650 | -24.5% |
| Other amounts payable | 47/48 | €687,290 | €1,768,244 | +€1.1m | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,174 | €69,661 | +€9,487 | +15.8% |
| Other operating charges | 640/8 | €5,977 | €101,300 | +€95,323 | +1,595% |
| Gross operating margin | 9900 | €700,624 | €873,049 | +€172,424 | +24.6% |
| Operating profit (loss) | 9901 | €634,473 | €702,088 | +€67,615 | +10.7% |
| Financial income | 75/76B | €43,060 | €90,381 | +€47,320 | +110% |
| Recurring financial income | 75 | €43,060 | €90,381 | +€47,320 | +110% |
| Financial charges | 65/66B | €4,005 | €4,828 | +€823 | +20.6% |
| Recurring financial charges | 65 | €4,005 | €4,828 | +€823 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €673,529 | €787,641 | +€114,112 | +16.9% |
| Income taxes | 67/77 | €217,303 | €254,939 | +€37,637 | +17.3% |
| Profit (loss) for the period | 9904 | €456,226 | €532,702 | +€76,475 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €456,226 | €532,702 | +€76,475 | +16.8% |
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 30 October 2026 via checked.be.