Benjamin DETHIER, 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.
Benjamin DETHIER, Avocat
Largest movements
- Cash +€309,133
new in 2025: €309,133
mainly Receivables after one year (+€308,757) and Net result for the year (+€87,541)
- Receivables after one year -€308,757
no longer reported in 2025 (was €308,757)
- Current investments +€107,496
new in 2025: €107,496
- Tangible fixed assets -€21,058
down €21,058 (-5.3%), from €401,002 to €379,943
of which Plant, machinery and equipment: -€15,150
- Reserves +€85,000
up €85,000 (+30.3%), from €280,860 to €365,860
of which Distributable reserves: +€365,860
- Depreciation -€9,894
down €9,894 (-32.0%), from €30,952 to €21,058
- Staff costs +€4,878
up €4,878 (+13.5%), from €36,098 to €40,976
- Gross operating margin -€3,998
down €3,998 (-2.0%), from €201,690 to €197,691
- Financial charges -€3,020
down €3,020 (-90.6%), from €3,333 to €314
- Taxes +€2,482
up €2,482 (+5.8%), from €43,141 to €45,623
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 | €709,759 | €798,559 | +€88,800 | +12.5% |
| Fixed assets | 21/28 | €401,002 | €379,943 | -€21,058 | -5.3% |
| Tangible fixed assets | 22/27 | €401,002 | €379,943 | -€21,058 | -5.3% |
| Land and buildings | 22 | €345,390 | €339,712 | -€5,678 | -1.6% |
| Plant, machinery and equipment | 23 | €55,381 | €40,231 | -€15,150 | -27.4% |
| Furniture and vehicles | 24 | €230 | - | -€230 | |
| Current assets | 29/58 | €308,757 | €418,616 | +€109,859 | +35.6% |
| Amounts receivable after more than one year | 29 | €308,757 | - | -€308,757 | |
| Trade receivables | 290 | €308,757 | - | -€308,757 | |
| Amounts receivable within one year | 40/41 | - | €1,987 | +€1,987 | |
| Trade receivables | 40 | - | €1,987 | +€1,987 | |
| Current investments | 50/53 | - | €107,496 | +€107,496 | |
| Cash at bank and in hand | 54/58 | - | €309,133 | +€309,133 | |
| Total equity and liabilities | 10/49 | €709,759 | €798,559 | +€88,800 | +12.5% |
| Equity | 10/15 | €540,315 | €627,856 | +€87,541 | +16.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €280,860 | €365,860 | +€85,000 | +30.3% |
| Non-distributable reserves | 130/1 | €280,860 | - | -€280,860 | |
| Reserves not available under the articles | 1311 | €280,860 | - | -€280,860 | |
| Distributable reserves | 133 | - | €365,860 | +€365,860 | |
| Profit (loss) carried forward | 14 | €247,055 | €249,596 | +€2,541 | +1.0% |
| Amounts payable | 17/49 | €169,444 | €170,703 | +€1,260 | +0.7% |
| Amounts payable within one year | 42/48 | €169,444 | €170,703 | +€1,260 | +0.7% |
| Trade debts | 44 | €2,642 | - | -€2,642 | |
| Suppliers | 440/4 | €2,642 | - | -€2,642 | |
| Taxes, remuneration and social security | 45 | €25,482 | €29,063 | +€3,581 | +14.1% |
| Taxes | 450/3 | €20,602 | €21,142 | +€540 | +2.6% |
| Remuneration and social security | 454/9 | €4,880 | €7,921 | +€3,040 | +62.3% |
| Other amounts payable | 47/48 | €141,319 | €141,640 | +€321 | +0.2% |
| Remuneration, social security and pensions | 62 | €36,098 | €40,976 | +€4,878 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,952 | €21,058 | -€9,894 | -32.0% |
| Other operating charges | 640/8 | €3,400 | €2,841 | -€559 | -16.5% |
| Non-recurring operating charges | 66A | - | €85 | +€85 | |
| Gross operating margin | 9900 | €201,690 | €197,691 | -€3,998 | -2.0% |
| Operating profit (loss) | 9901 | €131,238 | €132,731 | +€1,493 | +1.1% |
| Financial income | 75/76B | €109 | €747 | +€638 | +587% |
| Recurring financial income | 75 | €109 | €747 | +€638 | +587% |
| Financial charges | 65/66B | €3,333 | €314 | -€3,020 | -90.6% |
| Recurring financial charges | 65 | €3,333 | €314 | -€3,020 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €128,013 | €133,164 | +€5,150 | +4.0% |
| Income taxes | 67/77 | €43,141 | €45,623 | +€2,482 | +5.8% |
| Profit (loss) for the period | 9904 | €84,872 | €87,541 | +€2,669 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,872 | €87,541 | +€2,669 | +3.1% |
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 20 October 2026 via checked.be.