Alexandra BOROWSKI, Avocate: what changed
Alexandra BOROWSKI, Avocate
Largest movements
- Cash +€39,879
up €39,879 (+47.2%), from €84,504 to €124,383
mainly Net result for the year (+€110,250) and Tax, wage and social debts (+€14,644)
- Tangible fixed assets +€24,667
up €24,667 (+288%), from €8,575 to €33,241
- Intangible fixed assets -€12,500
down €12,500 (-11.1%), from €112,500 to €100,000
- Profit (loss) carried forward +€110,250
up €110,250 (+186%), from €59,365 to €169,614
- Other debts -€74,497
down €74,497 (-59.0%), from €126,371 to €51,874
- Tax, wage and social debts +€14,644
up €14,644 (+86.0%), from €17,020 to €31,664
- Accrued charges and deferred income +€4,392
new in 2025: €4,392
- Gross operating margin +€68,035
up €68,035 (+73.7%), from €92,302 to €160,337
- Taxes +€14,962
up €14,962 (+95.7%), from €15,633 to €30,594
- Financial charges +€4,390
up €4,390 (+2,540%), from €173 to €4,563
- Depreciation -€2,144
down €2,144 (-12.9%), from €16,663 to €14,519
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 | €207,342 | €262,133 | +€54,791 | +26.4% |
| Fixed assets | 21/28 | €121,075 | €133,241 | +€12,167 | +10.0% |
| Intangible fixed assets | 21 | €112,500 | €100,000 | -€12,500 | -11.1% |
| Tangible fixed assets | 22/27 | €8,575 | €33,241 | +€24,667 | +288% |
| Furniture and vehicles | 24 | €8,575 | €33,241 | +€24,667 | +288% |
| Current assets | 29/58 | €86,268 | €128,892 | +€42,625 | +49.4% |
| Amounts receivable within one year | 40/41 | €1,517 | €4,117 | +€2,600 | +171% |
| Trade receivables | 40 | - | €484 | +€484 | |
| Other amounts receivable | 41 | €1,517 | €3,633 | +€2,116 | +139% |
| Cash at bank and in hand | 54/58 | €84,504 | €124,383 | +€39,879 | +47.2% |
| Deferred charges and accrued income | 490/1 | €246 | €393 | +€146 | +59.4% |
| Total equity and liabilities | 10/49 | €207,342 | €262,133 | +€54,791 | +26.4% |
| Equity | 10/15 | €62,365 | €172,614 | +€110,250 | +177% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,365 | €169,614 | +€110,250 | +186% |
| Amounts payable | 17/49 | €144,977 | €89,519 | -€55,458 | -38.3% |
| Amounts payable within one year | 42/48 | €144,977 | €85,127 | -€59,850 | -41.3% |
| Trade debts | 44 | €1,586 | €1,589 | +€3 | +0.2% |
| Suppliers | 440/4 | €1,586 | €1,589 | +€3 | +0.2% |
| Taxes, remuneration and social security | 45 | €17,020 | €31,664 | +€14,644 | +86.0% |
| Taxes | 450/3 | €17,020 | €31,664 | +€14,644 | +86.0% |
| Other amounts payable | 47/48 | €126,371 | €51,874 | -€74,497 | -59.0% |
| Accrued charges and deferred income | 492/3 | - | €4,392 | +€4,392 | |
| Non-recurring operating income | 76A | - | €3,833 | +€3,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,663 | €14,519 | -€2,144 | -12.9% |
| Other operating charges | 640/8 | €468 | €412 | -€57 | -12.1% |
| Gross operating margin | 9900 | €92,302 | €160,337 | +€68,035 | +73.7% |
| Operating profit (loss) | 9901 | €75,170 | €145,406 | +€70,236 | +93.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,600% |
| Financial charges | 65/66B | €173 | €4,563 | +€4,390 | +2,540% |
| Recurring financial charges | 65 | €173 | €4,563 | +€4,390 | +2,540% |
| Profit (loss) for the period before taxes | 9903 | €74,997 | €140,844 | +€65,847 | +87.8% |
| Income taxes | 67/77 | €15,633 | €30,594 | +€14,962 | +95.7% |
| Profit (loss) for the period | 9904 | €59,365 | €110,250 | +€50,885 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,365 | €110,250 | +€50,885 | +85.7% |
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 8 November 2026 via checked.be.