AXEL MAETERLINCK AVOCAT: 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.
AXEL MAETERLINCK AVOCAT
Largest movements
- Cash +€400,659
up €400,659 (+201%), from €199,044 to €599,703
mainly Net result for the year (+€226,354) and Other debts (+€135,000)
- Current investments -€131,340
no longer reported in 2025 (was €131,340)
- Financial fixed assets -€54,000
down €54,000 (-99.9%), from €54,050 to €50
- Receivables after one year -€36,000
no longer reported in 2025 (was €36,000)
- Receivables within one year -€20,676
down €20,676 (-23.4%), from €88,235 to €67,559
of which Trade receivables: -€56,175
- Other debts +€135,000
new in 2025: €135,000
- Debts after one year -€34,667
down €34,667 (-10.0%), from €347,237 to €312,570
- Tax, wage and social debts +€23,046
up €23,046 (+57.5%), from €40,060 to €63,106
- Reserves +€21,354
up €21,354 (+4.1%), from €520,633 to €541,987
- Gross operating margin +€48,984
up €48,984 (+17.1%), from €285,664 to €334,648
- Financial income +€25,894
up €25,894 (+1,369%), from €1,891 to €27,785
- Taxes +€22,748
up €22,748 (+29.9%), from €76,049 to €98,797
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 | €1,057,154 | €1,199,824 | +€142,670 | +13.5% |
| Fixed assets | 21/28 | €590,392 | €520,260 | -€70,132 | -11.9% |
| Tangible fixed assets | 22/27 | €536,342 | €520,210 | -€16,132 | -3.0% |
| Land and buildings | 22 | €533,490 | €519,168 | -€14,322 | -2.7% |
| Plant, machinery and equipment | 23 | €1,545 | €155 | -€1,390 | -90.0% |
| Furniture and vehicles | 24 | €1,308 | €887 | -€421 | -32.2% |
| Financial fixed assets | 28 | €54,050 | €50 | -€54,000 | -99.9% |
| Current assets | 29/58 | €466,762 | €679,563 | +€212,802 | +45.6% |
| Amounts receivable after more than one year | 29 | €36,000 | - | -€36,000 | |
| Other amounts receivable | 291 | €36,000 | - | -€36,000 | |
| Amounts receivable within one year | 40/41 | €88,235 | €67,559 | -€20,676 | -23.4% |
| Trade receivables | 40 | €59,318 | €3,143 | -€56,175 | -94.7% |
| Other amounts receivable | 41 | €28,917 | €64,416 | +€35,499 | +123% |
| Current investments | 50/53 | €131,340 | - | -€131,340 | |
| Cash at bank and in hand | 54/58 | €199,044 | €599,703 | +€400,659 | +201% |
| Deferred charges and accrued income | 490/1 | €12,143 | €12,301 | +€158 | +1.3% |
| Total equity and liabilities | 10/49 | €1,057,154 | €1,199,824 | +€142,670 | +13.5% |
| Equity | 10/15 | €632,390 | €653,744 | +€21,354 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €520,633 | €541,987 | +€21,354 | +4.1% |
| Distributable reserves | 133 | €520,633 | €541,987 | +€21,354 | +4.1% |
| Profit (loss) carried forward | 14 | €93,157 | €93,157 | = | 0.0% |
| Amounts payable | 17/49 | €424,764 | €546,080 | +€121,316 | +28.6% |
| Amounts payable after more than one year | 17 | €347,237 | €312,570 | -€34,667 | -10.0% |
| Financial debts | 170/4 | €347,237 | €312,570 | -€34,667 | -10.0% |
| Amounts payable within one year | 42/48 | €77,527 | €233,509 | +€155,983 | +201% |
| Current portion of amounts payable after more than one year | 42 | €34,117 | €34,667 | +€550 | +1.6% |
| Financial debts | 43 | €2,548 | - | -€2,548 | |
| Credit institutions | 430/8 | €2,548 | - | -€2,548 | |
| Trade debts | 44 | €801 | €737 | -€65 | -8.1% |
| Suppliers | 440/4 | €801 | €737 | -€65 | -8.1% |
| Taxes, remuneration and social security | 45 | €40,060 | €63,106 | +€23,046 | +57.5% |
| Taxes | 450/3 | €40,060 | €63,106 | +€23,046 | +57.5% |
| Other amounts payable | 47/48 | - | €135,000 | +€135,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,741 | €26,180 | +€439 | +1.7% |
| Other operating charges | 640/8 | €3,701 | €3,473 | -€228 | -6.2% |
| Gross operating margin | 9900 | €285,664 | €334,648 | +€48,984 | +17.1% |
| Operating profit (loss) | 9901 | €256,223 | €304,996 | +€48,773 | +19.0% |
| Financial income | 75/76B | €1,891 | €27,785 | +€25,894 | +1,369% |
| Recurring financial income | 75 | €1,891 | €27,785 | +€25,894 | +1,369% |
| Financial charges | 65/66B | €9,646 | €7,631 | -€2,015 | -20.9% |
| Recurring financial charges | 65 | €9,646 | €7,631 | -€2,015 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €248,468 | €325,151 | +€76,682 | +30.9% |
| Income taxes | 67/77 | €76,049 | €98,797 | +€22,748 | +29.9% |
| Profit (loss) for the period | 9904 | €172,419 | €226,354 | +€53,935 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €172,419 | €226,354 | +€53,935 | +31.3% |
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 22 October 2026 via checked.be.