Catherine Morlet 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.
Catherine Morlet Avocat
Largest movements
- Cash +€40,436
up €40,436 (+87.4%), from €46,248 to €86,684
mainly Net result for the year (+€61,503) and Depreciation (+€3,823)
- Tangible fixed assets +€8,178
up €8,178 (+1,666%), from €491 to €8,669
- Receivables within one year +€7,340
up €7,340 (+25.5%), from €28,774 to €36,113
of which Other amounts receivable: +€6,559
- Profit (loss) carried forward +€61,503
up €61,503 (+99.4%), from €61,892 to €123,395
- Tax, wage and social debts -€8,914
down €8,914 (-70.1%), from €12,721 to €3,806
- Trade debts +€2,397
up €2,397 (+285%), from €841 to €3,238
- Taxes -€5,057
down €5,057 (-22.9%), from €22,088 to €17,031
- Depreciation +€3,406
up €3,406 (+817%), from €417 to €3,823
- Gross operating margin -€1,615
down €1,615 (-1.9%), from €84,701 to €83,086
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 | €78,453 | €133,439 | +€54,986 | +70.1% |
| Formation expenses | 20 | €2,156 | €1,649 | -€507 | -23.5% |
| Fixed assets | 21/28 | €491 | €8,669 | +€8,178 | +1,666% |
| Tangible fixed assets | 22/27 | €491 | €8,669 | +€8,178 | +1,666% |
| Furniture and vehicles | 24 | €491 | €8,669 | +€8,178 | +1,666% |
| Current assets | 29/58 | €75,806 | €123,121 | +€47,315 | +62.4% |
| Amounts receivable within one year | 40/41 | €28,774 | €36,113 | +€7,340 | +25.5% |
| Trade receivables | 40 | €28,164 | €28,945 | +€781 | +2.8% |
| Other amounts receivable | 41 | €609 | €7,169 | +€6,559 | +1,076% |
| Cash at bank and in hand | 54/58 | €46,248 | €86,684 | +€40,436 | +87.4% |
| Deferred charges and accrued income | 490/1 | €784 | €324 | -€460 | -58.6% |
| Total equity and liabilities | 10/49 | €78,453 | €133,439 | +€54,986 | +70.1% |
| Equity | 10/15 | €64,892 | €126,395 | +€61,503 | +94.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,892 | €123,395 | +€61,503 | +99.4% |
| Amounts payable | 17/49 | €13,561 | €7,044 | -€6,517 | -48.1% |
| Amounts payable within one year | 42/48 | €13,561 | €7,044 | -€6,517 | -48.1% |
| Trade debts | 44 | €841 | €3,238 | +€2,397 | +285% |
| Suppliers | 440/4 | €841 | €3,238 | +€2,397 | +285% |
| Taxes, remuneration and social security | 45 | €12,721 | €3,806 | -€8,914 | -70.1% |
| Taxes | 450/3 | €12,721 | €3,806 | -€8,914 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €3,823 | +€3,406 | +817% |
| Other operating charges | 640/8 | €399 | €841 | +€442 | +111% |
| Gross operating margin | 9900 | €84,701 | €83,086 | -€1,615 | -1.9% |
| Operating profit (loss) | 9901 | €83,885 | €78,422 | -€5,463 | -6.5% |
| Financial income | 75/76B | €103 | €199 | +€96 | +93.6% |
| Recurring financial income | 75 | €103 | €199 | +€96 | +93.6% |
| Financial charges | 65/66B | €8 | €87 | +€79 | +993% |
| Recurring financial charges | 65 | €8 | €87 | +€79 | +993% |
| Profit (loss) for the period before taxes | 9903 | €83,980 | €78,534 | -€5,446 | -6.5% |
| Income taxes | 67/77 | €22,088 | €17,031 | -€5,057 | -22.9% |
| Profit (loss) for the period | 9904 | €61,892 | €61,503 | -€389 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,892 | €61,503 | -€389 | -0.6% |
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 31 October 2026 via checked.be.