CEDRIC MARCUS, 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.
CEDRIC MARCUS, Avocat
Largest movements
- Cash +€28,473
up €28,473 (+264%), from €10,771 to €39,244
mainly Net result for the year (+€79,960) and Depreciation (+€22,583)
- Receivables within one year -€14,974
down €14,974 (-4.1%), from €361,427 to €346,453
of which Trade receivables: -€17,474
- Intangible fixed assets -€14,000
down €14,000 (-14.3%), from €98,000 to €84,000
- Tangible fixed assets -€8,583
down €8,583 (-62.0%), from €13,849 to €5,266
of which Plant, machinery and equipment: -€6,624
- Current portion of long-term debt +€18,348
new in 2025: €18,348
- Tax, wage and social debts -€16,396
down €16,396 (-32.1%), from €51,154 to €34,759
of which Taxes: -€15,040
- Other debts -€5,503
down €5,503 (-2.1%), from €267,160 to €261,657
- Trade debts -€5,143
down €5,143 (-40.7%), from €12,638 to €7,495
- Gross operating margin +€56,981
up €56,981 (+48.7%), from €117,031 to €174,011
- Taxes +€13,263
up €13,263 (+113%), from €11,740 to €25,003
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 | €489,729 | €480,995 | -€8,734 | -1.8% |
| Fixed assets | 21/28 | €111,849 | €89,266 | -€22,583 | -20.2% |
| Intangible fixed assets | 21 | €98,000 | €84,000 | -€14,000 | -14.3% |
| Tangible fixed assets | 22/27 | €13,849 | €5,266 | -€8,583 | -62.0% |
| Plant, machinery and equipment | 23 | €6,624 | - | -€6,624 | |
| Furniture and vehicles | 24 | €7,225 | €5,266 | -€1,959 | -27.1% |
| Current assets | 29/58 | €377,880 | €391,729 | +€13,849 | +3.7% |
| Amounts receivable within one year | 40/41 | €361,427 | €346,453 | -€14,974 | -4.1% |
| Trade receivables | 40 | €361,427 | €343,953 | -€17,474 | -4.8% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €10,771 | €39,244 | +€28,473 | +264% |
| Deferred charges and accrued income | 490/1 | €5,682 | €6,033 | +€350 | +6.2% |
| Total equity and liabilities | 10/49 | €489,729 | €480,995 | -€8,734 | -1.8% |
| Equity | 10/15 | €158,776 | €158,736 | -€40 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €153,000 | €153,000 | = | 0.0% |
| Distributable reserves | 133 | €153,000 | €153,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €776 | €736 | -€40 | -5.2% |
| Amounts payable | 17/49 | €330,953 | €322,259 | -€8,693 | -2.6% |
| Amounts payable within one year | 42/48 | €330,953 | €322,259 | -€8,693 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,348 | +€18,348 | |
| Trade debts | 44 | €12,638 | €7,495 | -€5,143 | -40.7% |
| Suppliers | 440/4 | €12,638 | €7,495 | -€5,143 | -40.7% |
| Taxes, remuneration and social security | 45 | €51,154 | €34,759 | -€16,396 | -32.1% |
| Taxes | 450/3 | €37,344 | €22,304 | -€15,040 | -40.3% |
| Remuneration and social security | 454/9 | €13,810 | €12,455 | -€1,356 | -9.8% |
| Other amounts payable | 47/48 | €267,160 | €261,657 | -€5,503 | -2.1% |
| Remuneration, social security and pensions | 62 | €44,199 | €45,217 | +€1,017 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,050 | €22,583 | -€467 | -2.0% |
| Other operating charges | 640/8 | €1,263 | €758 | -€504 | -39.9% |
| Gross operating margin | 9900 | €117,031 | €174,011 | +€56,981 | +48.7% |
| Operating profit (loss) | 9901 | €48,519 | €105,454 | +€56,935 | +117% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11 | €491 | +€480 | +4,366% |
| Recurring financial charges | 65 | €11 | €491 | +€480 | +4,366% |
| Profit (loss) for the period before taxes | 9903 | €48,508 | €104,963 | +€56,454 | +116% |
| Income taxes | 67/77 | €11,740 | €25,003 | +€13,263 | +113% |
| Profit (loss) for the period | 9904 | €36,769 | €79,960 | +€43,191 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €36,769 | €79,960 | +€43,191 | +117% |
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 27 October 2026 via checked.be.