CEDELAW: what changed
What changed
CEDELAW
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€77,794
2024 · €83,758-€5,964
Equity
€54,745
2024 · €36,951+€17,794
Cash
€160,782
2024 · €111,332+€49,450
Balance sheet total
€186,625
2024 · €147,616+€39,009
Largest movements
Assets
- Cash +€49,450
up €49,450 (+44.4%), from €111,332 to €160,782
mainly Net result for the year (+€77,794) and Other debts (+€40,918)
- Tangible fixed assets -€9,886
down €9,886 (-40.4%), from €24,467 to €14,582
of which Furniture and vehicles: -€8,431
Equity and liabilities
- Other debts +€40,918
up €40,918 (+54.0%), from €75,732 to €116,650
- Tax, wage and social debts -€19,578
down €19,578 (-68.7%), from €28,508 to €8,930
of which Taxes: -€18,470
- Reserves +€17,794
up €17,794 (+71.8%), from €24,800 to €42,594
- Current portion of long-term debt -€3,236
no longer reported in 2025 (was €3,236)
- Trade debts +€3,110
up €3,110 (+97.5%), from €3,189 to €6,300
Income statement
- Gross operating margin -€5,361
down €5,361 (-3.8%), from €141,045 to €135,685
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.
Result 2024
€83,758
Gross operating margin
-€5,361
Staff costs
+€172
Depreciation
-€12
Other operating charges
-€504
Financial income
+€3
Financial charges
+€117
Taxes
-€380
Result 2025
€77,794
raises the resultlowers the result
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.
From operations
+€114,517
Investment
-€1,831
Financing
-€63,236
Cash 2024
€111,332
From operations (derived)
+€114,517
Net result for the year
+€77,794
Depreciation
+€11,937
Receivables within one year
+€888
Deferred charges and accrued income
-€553
Trade debts
+€3,110
Tax, wage and social debts
-€19,578
Other debts
+€40,918
Investment (derived)
-€1,831
Investment in fixed assets (net)
-€1,831
Financing
-€63,236
Current portion of long-term debt
-€3,236
Contributions, distributions and other
-€60,000
Cash 2025
€160,782
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,616 | €186,625 | +€39,009 | +26.4% |
| Fixed assets | 21/28 | €25,258 | €15,152 | -€10,106 | -40.0% |
| Intangible fixed assets | 21 | €616 | €395 | -€220 | -35.8% |
| Tangible fixed assets | 22/27 | €24,467 | €14,582 | -€9,886 | -40.4% |
| Plant, machinery and equipment | 23 | €7,410 | €5,956 | -€1,454 | -19.6% |
| Furniture and vehicles | 24 | €17,057 | €8,626 | -€8,431 | -49.4% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €122,358 | €171,473 | +€49,115 | +40.1% |
| Amounts receivable within one year | 40/41 | €8,103 | €7,215 | -€888 | -11.0% |
| Trade receivables | 40 | €4,681 | €6,718 | +€2,036 | +43.5% |
| Other amounts receivable | 41 | €3,422 | €497 | -€2,924 | -85.5% |
| Cash at bank and in hand | 54/58 | €111,332 | €160,782 | +€49,450 | +44.4% |
| Deferred charges and accrued income | 490/1 | €2,923 | €3,475 | +€553 | +18.9% |
| Total equity and liabilities | 10/49 | €147,616 | €186,625 | +€39,009 | +26.4% |
| Equity | 10/15 | €36,951 | €54,745 | +€17,794 | +48.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,800 | €42,594 | +€17,794 | +71.8% |
| Distributable reserves | 133 | €24,800 | €42,594 | +€17,794 | +71.8% |
| Profit (loss) carried forward | 14 | €9,151 | €9,151 | = | 0.0% |
| Amounts payable | 17/49 | €110,665 | €131,879 | +€21,215 | +19.2% |
| Amounts payable within one year | 42/48 | €110,665 | €131,879 | +€21,215 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €3,236 | - | -€3,236 | |
| Trade debts | 44 | €3,189 | €6,300 | +€3,110 | +97.5% |
| Suppliers | 440/4 | €3,189 | €6,300 | +€3,110 | +97.5% |
| Taxes, remuneration and social security | 45 | €28,508 | €8,930 | -€19,578 | -68.7% |
| Taxes | 450/3 | €25,440 | €6,970 | -€18,470 | -72.6% |
| Remuneration and social security | 454/9 | €3,068 | €1,960 | -€1,108 | -36.1% |
| Other amounts payable | 47/48 | €75,732 | €116,650 | +€40,918 | +54.0% |
| Remuneration, social security and pensions | 62 | €15,113 | €14,941 | -€172 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,925 | €11,937 | +€12 | +0.1% |
| Other operating charges | 640/8 | €879 | €1,383 | +€504 | +57.3% |
| Gross operating margin | 9900 | €141,045 | €135,685 | -€5,361 | -3.8% |
| Operating profit (loss) | 9901 | €113,127 | €107,424 | -€5,704 | -5.0% |
| Financial income | 75/76B | €6 | €9 | +€3 | +43.8% |
| Recurring financial income | 75 | €6 | €9 | +€3 | +43.8% |
| Financial charges | 65/66B | €348 | €231 | -€117 | -33.6% |
| Recurring financial charges | 65 | €348 | €231 | -€117 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €112,786 | €107,202 | -€5,584 | -5.0% |
| Income taxes | 67/77 | €29,028 | €29,408 | +€380 | +1.3% |
| Profit (loss) for the period | 9904 | €83,758 | €77,794 | -€5,964 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,758 | €77,794 | -€5,964 | -7.1% |
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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 6 November 2026 via checked.be.