Cinzia BERTOLIN - 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.
Cinzia BERTOLIN - Avocat
Largest movements
- Cash -€46,114
down €46,114 (-32.8%), from €140,569 to €94,455
mainly Other debts (-€62,038) and Investment in fixed assets (net) (-€46,807)
- Tangible fixed assets +€41,970
up €41,970 (+1,829%), from €2,295 to €44,266
of which Furniture and vehicles: +€33,845
- Intangible fixed assets -€40,000
down €40,000 (-31.1%), from €128,736 to €88,736
- Receivables within one year +€6,082
up €6,082 (+431%), from €1,410 to €7,492
of which Other amounts receivable: +€5,329
- Other debts -€62,038
down €62,038 (-98.4%), from €63,046 to €1,008
- Current portion of long-term debt +€18,522
up €18,522 (+88.5%), from €20,936 to €39,458
- Trade debts +€3,772
up €3,772 (+60.2%), from €6,267 to €10,039
- Profit (loss) carried forward -€3,655
down €3,655 (-3.4%), from €106,708 to €103,054
- Tax, wage and social debts +€3,292
up €3,292 (+49.9%), from €6,600 to €9,892
of which Taxes: +€3,239
- Gross operating margin -€51,079
down €51,079 (-35.0%), from €146,019 to €94,940
- Taxes -€13,123
down €13,123 (-74.4%), from €17,628 to €4,506
- Financial charges -€3,972
down €3,972 (-38.4%), from €10,351 to €6,379
- Depreciation +€3,252
up €3,252 (+7.8%), from €41,584 to €44,836
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 | €275,213 | €235,380 | -€39,833 | -14.5% |
| Fixed assets | 21/28 | €131,032 | €133,002 | +€1,970 | +1.5% |
| Intangible fixed assets | 21 | €128,736 | €88,736 | -€40,000 | -31.1% |
| Tangible fixed assets | 22/27 | €2,295 | €44,266 | +€41,970 | +1,829% |
| Land and buildings | 22 | - | €8,126 | +€8,126 | |
| Furniture and vehicles | 24 | €2,295 | €36,140 | +€33,845 | +1,475% |
| Current assets | 29/58 | €144,181 | €102,378 | -€41,803 | -29.0% |
| Amounts receivable within one year | 40/41 | €1,410 | €7,492 | +€6,082 | +431% |
| Trade receivables | 40 | €1,410 | €2,163 | +€753 | +53.4% |
| Other amounts receivable | 41 | €0 | €5,329 | +€5,329 | |
| Cash at bank and in hand | 54/58 | €140,569 | €94,455 | -€46,114 | -32.8% |
| Deferred charges and accrued income | 490/1 | €2,202 | €431 | -€1,771 | -80.4% |
| Total equity and liabilities | 10/49 | €275,213 | €235,380 | -€39,833 | -14.5% |
| Equity | 10/15 | €111,708 | €108,054 | -€3,655 | -3.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,708 | €103,054 | -€3,655 | -3.4% |
| Amounts payable | 17/49 | €163,505 | €127,327 | -€36,178 | -22.1% |
| Amounts payable after more than one year | 17 | €66,656 | €66,872 | +€216 | +0.3% |
| Financial debts | 170/4 | €66,656 | €66,872 | +€216 | +0.3% |
| Amounts payable within one year | 42/48 | €96,849 | €60,397 | -€36,452 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €20,936 | €39,458 | +€18,522 | +88.5% |
| Trade debts | 44 | €6,267 | €10,039 | +€3,772 | +60.2% |
| Suppliers | 440/4 | €6,267 | €10,039 | +€3,772 | +60.2% |
| Taxes, remuneration and social security | 45 | €6,600 | €9,892 | +€3,292 | +49.9% |
| Taxes | 450/3 | €3,045 | €6,284 | +€3,239 | +106% |
| Remuneration and social security | 454/9 | €3,554 | €3,608 | +€53 | +1.5% |
| Other amounts payable | 47/48 | €63,046 | €1,008 | -€62,038 | -98.4% |
| Accrued charges and deferred income | 492/3 | €0 | €57 | +€57 | |
| Remuneration, social security and pensions | 62 | €18,527 | €18,813 | +€286 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,584 | €44,836 | +€3,252 | +7.8% |
| Other operating charges | 640/8 | €857 | €1,970 | +€1,113 | +130% |
| Gross operating margin | 9900 | €146,019 | €94,940 | -€51,079 | -35.0% |
| Operating profit (loss) | 9901 | €85,052 | €29,321 | -€55,730 | -65.5% |
| Financial income | 75/76B | €0 | €409 | +€409 | +2,045,550% |
| Recurring financial income | 75 | €0 | €409 | +€409 | +2,045,550% |
| Financial charges | 65/66B | €10,351 | €6,379 | -€3,972 | -38.4% |
| Recurring financial charges | 65 | €10,351 | €6,379 | -€3,972 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €74,700 | €23,351 | -€51,349 | -68.7% |
| Income taxes | 67/77 | €17,628 | €4,506 | -€13,123 | -74.4% |
| Profit (loss) for the period | 9904 | €57,072 | €18,846 | -€38,226 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,072 | €18,846 | -€38,226 | -67.0% |
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 26 October 2026 via checked.be.