BERNARD MAINGAIN, AVOCAT: what changed
BERNARD MAINGAIN, AVOCAT
Largest movements
- Tangible fixed assets -€188,887
down €188,887 (-43.7%), from €432,540 to €243,653
of which Assets under construction and advance payments: -€156,057
- Financial fixed assets +€187,774
up €187,774 (+1,989%), from €9,440 to €197,214
- Receivables within one year -€34,297
down €34,297 (-55.0%), from €62,409 to €28,113
of which Other amounts receivable: -€31,016
- Cash -€28,568
down €28,568 (-11.6%), from €246,335 to €217,767
mainly Debts after one year (-€39,662) and Investment in fixed assets (net) (-€27,381)
- Debts after one year -€39,662
down €39,662 (-16.5%), from €240,924 to €201,262
- Reserves +€27,124
up €27,124 (+32.4%), from €83,631 to €110,755
of which Distributable reserves: +€30,000
- Trade debts -€26,972
down €26,972 (-77.1%), from €34,978 to €8,005
- Profit (loss) carried forward -€12,341
down €12,341 (-6.3%), from €196,682 to €184,341
- Gross operating margin -€64,714
down €64,714 (-49.1%), from €131,797 to €67,084
- Taxes -€9,653
down €9,653 (-44.3%), from €21,812 to €12,159
- Depreciation +€7,838
up €7,838 (+37.9%), from €20,656 to €28,494
- Financial income -€4,547
down €4,547 (-64.2%), from €7,079 to €2,532
- Financial charges -€2,190
down €2,190 (-19.0%), from €11,547 to €9,357
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 | €752,286 | €688,290 | -€63,996 | -8.5% |
| Fixed assets | 21/28 | €441,980 | €440,867 | -€1,113 | -0.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €432,540 | €243,653 | -€188,887 | -43.7% |
| Land and buildings | 22 | €207,425 | €184,865 | -€22,560 | -10.9% |
| Furniture and vehicles | 24 | €69,058 | €58,788 | -€10,270 | -14.9% |
| Assets under construction and advance payments | 27 | €156,057 | €0 | -€156,057 | -100% |
| Financial fixed assets | 28 | €9,440 | €197,214 | +€187,774 | +1,989% |
| Current assets | 29/58 | €310,306 | €247,423 | -€62,883 | -20.3% |
| Amounts receivable within one year | 40/41 | €62,409 | €28,113 | -€34,297 | -55.0% |
| Trade receivables | 40 | €15,671 | €12,391 | -€3,281 | -20.9% |
| Other amounts receivable | 41 | €46,738 | €15,722 | -€31,016 | -66.4% |
| Cash at bank and in hand | 54/58 | €246,335 | €217,767 | -€28,568 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,544 | -€18 | -1.2% |
| Total equity and liabilities | 10/49 | €752,286 | €688,290 | -€63,996 | -8.5% |
| Equity | 10/15 | €286,513 | €301,295 | +€14,783 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,631 | €110,755 | +€27,124 | +32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,771 | €48,895 | -€2,876 | -5.6% |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100% |
| Profit (loss) carried forward | 14 | €196,682 | €184,341 | -€12,341 | -6.3% |
| Provisions and deferred taxes | 16 | €17,257 | €16,298 | -€959 | -5.6% |
| Deferred taxes | 168 | €17,257 | €16,298 | -€959 | -5.6% |
| Amounts payable | 17/49 | €448,517 | €370,697 | -€77,820 | -17.4% |
| Amounts payable after more than one year | 17 | €240,924 | €201,262 | -€39,662 | -16.5% |
| Financial debts | 170/4 | €240,924 | €201,262 | -€39,662 | -16.5% |
| Amounts payable within one year | 42/48 | €206,360 | €168,720 | -€37,640 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €35,408 | €37,155 | +€1,747 | +4.9% |
| Financial debts | 43 | €16,247 | €10,000 | -€6,247 | -38.5% |
| Credit institutions | 430/8 | €16,247 | €10,000 | -€6,247 | -38.5% |
| Trade debts | 44 | €34,978 | €8,005 | -€26,972 | -77.1% |
| Suppliers | 440/4 | €34,978 | €8,005 | -€26,972 | -77.1% |
| Taxes, remuneration and social security | 45 | €42,049 | €43,191 | +€1,142 | +2.7% |
| Taxes | 450/3 | €42,049 | €43,191 | +€1,142 | +2.7% |
| Other amounts payable | 47/48 | €77,678 | €70,369 | -€7,309 | -9.4% |
| Accrued charges and deferred income | 492/3 | €1,232 | €715 | -€518 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,656 | €28,494 | +€7,838 | +37.9% |
| Other operating charges | 640/8 | €4,482 | €3,398 | -€1,085 | -24.2% |
| Gross operating margin | 9900 | €131,797 | €67,084 | -€64,714 | -49.1% |
| Operating profit (loss) | 9901 | €106,659 | €35,192 | -€71,467 | -67.0% |
| Financial income | 75/76B | €7,079 | €2,532 | -€4,547 | -64.2% |
| Recurring financial income | 75 | €7,079 | €2,532 | -€4,547 | -64.2% |
| Financial charges | 65/66B | €11,547 | €9,357 | -€2,190 | -19.0% |
| Recurring financial charges | 65 | €11,547 | €9,357 | -€2,190 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €102,191 | €28,368 | -€73,824 | -72.2% |
| Transfer from deferred taxes | 780 | €959 | €959 | = | 0.0% |
| Income taxes | 67/77 | €21,812 | €12,159 | -€9,653 | -44.3% |
| Profit (loss) for the period | 9904 | €81,338 | €17,167 | -€64,170 | -78.9% |
| Transfer from tax-exempt reserves | 789 | €2,876 | €2,876 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,214 | €20,043 | -€64,170 | -76.2% |
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 4 November 2026 via checked.be.