Bruno DEVOS - 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.
Bruno DEVOS - Avocat
Largest movements
- Receivables within one year +€19,764
up €19,764 (+163%), from €12,138 to €31,902
of which Trade receivables: +€9,964
- Cash -€10,180
down €10,180 (-2.2%), from €454,721 to €444,541
mainly Contributions, distributions and other (-€328,811) and Receivables within one year (-€19,764)
- Profit (loss) carried forward -€265,295
down €265,295 (-99.7%), from €266,014 to €719
- Other debts +€160,000
new in 2025: €160,000
- Reserves +€121,450
up €121,450 (+74.3%), from €163,410 to €284,860
- Tax, wage and social debts -€6,369
down €6,369 (-16.8%), from €37,858 to €31,489
- Gross operating margin -€76,548
down €76,548 (-22.2%), from €345,134 to €268,586
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 | €480,372 | €489,289 | +€8,917 | +1.9% |
| Fixed assets | 21/28 | €10,042 | €9,252 | -€790 | -7.9% |
| Tangible fixed assets | 22/27 | €10,042 | €9,252 | -€790 | -7.9% |
| Furniture and vehicles | 24 | €2,662 | €3,112 | +€450 | +16.9% |
| Other tangible fixed assets | 26 | €7,380 | €6,140 | -€1,240 | -16.8% |
| Current assets | 29/58 | €470,330 | €480,037 | +€9,707 | +2.1% |
| Amounts receivable within one year | 40/41 | €12,138 | €31,902 | +€19,764 | +163% |
| Trade receivables | 40 | €11,663 | €21,627 | +€9,964 | +85.4% |
| Other amounts receivable | 41 | €475 | €10,275 | +€9,800 | +2,063% |
| Cash at bank and in hand | 54/58 | €454,721 | €444,541 | -€10,180 | -2.2% |
| Deferred charges and accrued income | 490/1 | €3,471 | €3,594 | +€123 | +3.5% |
| Total equity and liabilities | 10/49 | €480,372 | €489,289 | +€8,917 | +1.9% |
| Equity | 10/15 | €435,624 | €291,779 | -€143,845 | -33.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,410 | €284,860 | +€121,450 | +74.3% |
| Distributable reserves | 133 | €163,410 | €284,860 | +€121,450 | +74.3% |
| Profit (loss) carried forward | 14 | €266,014 | €719 | -€265,295 | -99.7% |
| Amounts payable | 17/49 | €44,748 | €197,510 | +€152,762 | +341% |
| Amounts payable within one year | 42/48 | €44,748 | €197,510 | +€152,762 | +341% |
| Current portion of amounts payable after more than one year | 42 | €3,336 | €3,333 | -€3 | -0.1% |
| Trade debts | 44 | €3,554 | €2,688 | -€866 | -24.4% |
| Suppliers | 440/4 | €3,554 | €2,688 | -€866 | -24.4% |
| Taxes, remuneration and social security | 45 | €37,858 | €31,489 | -€6,369 | -16.8% |
| Taxes | 450/3 | €37,858 | €31,489 | -€6,369 | -16.8% |
| Other amounts payable | 47/48 | - | €160,000 | +€160,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,720 | €1,640 | -€80 | -4.7% |
| Other operating charges | 640/8 | €650 | €1,226 | +€576 | +88.6% |
| Gross operating margin | 9900 | €345,134 | €268,586 | -€76,548 | -22.2% |
| Operating profit (loss) | 9901 | €342,764 | €265,720 | -€77,044 | -22.5% |
| Financial income | 75/76B | €15 | €103 | +€88 | +587% |
| Recurring financial income | 75 | €15 | €103 | +€88 | +587% |
| Financial charges | 65/66B | €3,215 | €2,731 | -€484 | -15.1% |
| Recurring financial charges | 65 | €3,215 | €2,731 | -€484 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €339,564 | €263,092 | -€76,472 | -22.5% |
| Income taxes | 67/77 | €75,000 | €78,126 | +€3,126 | +4.2% |
| Profit (loss) for the period | 9904 | €264,564 | €184,966 | -€79,598 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €264,564 | €184,966 | -€79,598 | -30.1% |
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 16 October 2026 via checked.be.