Catherine DEVROYE, notaire: 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.
Catherine DEVROYE, notaire
Largest movements
- Intangible fixed assets -€139,884
down €139,884 (-25.0%), from €559,536 to €419,652
- Tangible fixed assets +€21,273
up €21,273 (+19.9%), from €106,878 to €128,151
of which Furniture and vehicles: +€33,223
- Cash -€17,221
down €17,221 (-4.4%), from €395,124 to €377,903
mainly Debts after one year (-€124,984) and Investment in fixed assets (net) (-€41,281)
- Debts after one year -€124,984
down €124,984 (-16.7%), from €749,651 to €624,667
of which Financial debts: -€124,984
- Other debts -€14,570
down €14,570 (-12.1%), from €120,490 to €105,920
- Gross operating margin -€8,701
down €8,701 (-2.3%), from €375,755 to €367,053
- Depreciation -€8,627
down €8,627 (-5.1%), from €168,519 to €159,892
- Financial income -€8,584
down €8,584 (-41.0%), from €20,958 to €12,374
- Staff costs +€6,889
up €6,889 (+3.5%), from €197,589 to €204,479
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,103,079 | €973,076 | -€130,003 | -11.8% |
| Fixed assets | 21/28 | €666,414 | €547,803 | -€118,611 | -17.8% |
| Intangible fixed assets | 21 | €559,536 | €419,652 | -€139,884 | -25.0% |
| Tangible fixed assets | 22/27 | €106,878 | €128,151 | +€21,273 | +19.9% |
| Furniture and vehicles | 24 | €12,069 | €45,292 | +€33,223 | +275% |
| Other tangible fixed assets | 26 | €94,809 | €82,859 | -€11,949 | -12.6% |
| Current assets | 29/58 | €436,665 | €425,273 | -€11,392 | -2.6% |
| Amounts receivable within one year | 40/41 | €29,026 | €35,184 | +€6,158 | +21.2% |
| Trade receivables | 40 | €14,026 | €18,484 | +€4,458 | +31.8% |
| Other amounts receivable | 41 | €15,000 | €16,700 | +€1,700 | +11.3% |
| Cash at bank and in hand | 54/58 | €395,124 | €377,903 | -€17,221 | -4.4% |
| Deferred charges and accrued income | 490/1 | €12,515 | €12,187 | -€328 | -2.6% |
| Total equity and liabilities | 10/49 | €1,103,079 | €973,076 | -€130,003 | -11.8% |
| Equity | 10/15 | €20,575 | €20,676 | +€101 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | €216 | +€101 | +88.0% |
| Amounts payable | 17/49 | €1,082,504 | €952,400 | -€130,104 | -12.0% |
| Amounts payable after more than one year | 17 | €749,651 | €624,667 | -€124,984 | -16.7% |
| Financial debts | 170/4 | €599,651 | €474,667 | -€124,984 | -20.8% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €332,531 | €327,199 | -€5,332 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €144,828 | €149,599 | +€4,771 | +3.3% |
| Trade debts | 44 | €17,465 | €12,994 | -€4,471 | -25.6% |
| Suppliers | 440/4 | €17,465 | €12,994 | -€4,471 | -25.6% |
| Taxes, remuneration and social security | 45 | €49,748 | €58,686 | +€8,937 | +18.0% |
| Taxes | 450/3 | €28,596 | €28,559 | -€37 | -0.1% |
| Remuneration and social security | 454/9 | €21,152 | €30,126 | +€8,974 | +42.4% |
| Other amounts payable | 47/48 | €120,490 | €105,920 | -€14,570 | -12.1% |
| Accrued charges and deferred income | 492/3 | €323 | €534 | +€211 | +65.5% |
| Remuneration, social security and pensions | 62 | €197,589 | €204,479 | +€6,889 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,519 | €159,892 | -€8,627 | -5.1% |
| Other operating charges | 640/8 | €3,872 | €5,080 | +€1,209 | +31.2% |
| Gross operating margin | 9900 | €375,755 | €367,053 | -€8,701 | -2.3% |
| Operating profit (loss) | 9901 | €5,775 | -€2,397 | -€8,172 | |
| Financial income | 75/76B | €20,958 | €12,374 | -€8,584 | -41.0% |
| Recurring financial income | 75 | €20,958 | €12,374 | -€8,584 | -41.0% |
| Financial charges | 65/66B | €4,550 | €3,999 | -€551 | -12.1% |
| Recurring financial charges | 65 | €4,550 | €3,999 | -€551 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €22,183 | €5,978 | -€16,205 | -73.1% |
| Income taxes | 67/77 | -€834 | €877 | +€1,710 | |
| Profit (loss) for the period | 9904 | €23,016 | €5,101 | -€17,915 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,016 | €5,101 | -€17,915 | -77.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.