CLAEYS & ENGELS: 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.
What changed
CLAEYS & ENGELS
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.4m
2024 · €3.3m+€1.1m
Equity
€910,366
2024 · €910,366
Cash
€2.3m
2024 · €746,056+€1.5m
Balance sheet total
€18.2m
2024 · €15.0m+€3.2m
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+207%), from €746,056 to €2.3m
mainly Net result for the year (+€4.4m) and Trade debts (+€1.7m)
- Receivables within one year +€1.1m
up €1.1m (+11.9%), from €9.6m to €10.7m
of which Trade receivables: +€1.2m
- Intangible fixed assets +€504,954
up €504,954 (+159%), from €316,678 to €821,632
- Tangible fixed assets -€236,724
down €236,724 (-6.3%), from €3.7m to €3.5m
of which Other tangible fixed assets: -€298,386
- Stocks and contracts +€187,250
up €187,250 (+99.3%), from €188,633 to €375,882
Equity and liabilities
- Trade debts +€1.7m
up €1.7m (+35.5%), from €4.7m to €6.3m
- Other debts +€1.3m
up €1.3m (+29.7%), from €4.5m to €5.8m
Income statement
- Turnover +€2.7m
up €2.7m (+9.5%), from €28.7m to €31.5m
- Services and other goods +€2.2m
up €2.2m (+10.0%), from €22.0m to €24.2m
- Write-downs -€353,073
down €353,073, from €278,987 to -€74,087
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.
Result 2024
€3.3m
Turnover
+€2.7m
Other operating income
+€285,887
Services and other goods
-€2.2m
Staff costs
-€133,766
Depreciation
-€10,610
Write-downs
+€353,073
Other operating charges
-€59,673
Other operating items
+€158,650
Financial income
+€14,489
Financial charges
-€12,951
Taxes
-€38,922
Result 2025
€4.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€7.0m
Investment
-€1.1m
Financing
-€4.4m
Cash 2024
€746,056
From operations (derived)
+€7.0m
Net result for the year
+€4.4m
Depreciation
+€784,040
Stocks and contracts
-€187,250
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€49,135
Trade debts
+€1.7m
Tax, wage and social debts
+€159,004
Advances received
+€33,531
Other debts
+€1.3m
Accrued charges and deferred income
+€43,980
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€4.4m
Debts after one year
-€44,432
Current portion of long-term debt
+€128,142
Short-term financial debts
-€115,024
Contributions, distributions and other
-€4.4m
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,011,609 | €18,201,437 | +€3.2m | +21.2% |
| Fixed assets | 21/28 | €4,115,458 | €4,383,688 | +€268,230 | +6.5% |
| Intangible fixed assets | 21 | €316,678 | €821,632 | +€504,954 | +159% |
| Tangible fixed assets | 22/27 | €3,733,083 | €3,496,360 | -€236,724 | -6.3% |
| Furniture and vehicles | 24 | €397,055 | €458,717 | +€61,662 | +15.5% |
| Other tangible fixed assets | 26 | €3,336,029 | €3,037,642 | -€298,386 | -8.9% |
| Financial fixed assets | 28 | €65,696 | €65,696 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €4,000 | €4,000 | = | 0.0% |
| Participating interests | 282 | €4,000 | €4,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €61,696 | €61,696 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €61,696 | €61,696 | = | 0.0% |
| Current assets | 29/58 | €10,896,152 | €13,817,750 | +€2.9m | +26.8% |
| Stocks and contracts in progress | 3 | €188,633 | €375,882 | +€187,250 | +99.3% |
| Contracts in progress | 37 | €188,633 | €375,882 | +€187,250 | +99.3% |
| Amounts receivable within one year | 40/41 | €9,576,093 | €10,718,354 | +€1.1m | +11.9% |
| Trade receivables | 40 | €9,368,504 | €10,575,595 | +€1.2m | +12.9% |
| Other amounts receivable | 41 | €207,588 | €142,760 | -€64,829 | -31.2% |
| Current investments | 50/53 | €52,666 | €52,666 | = | 0.0% |
| Own shares | 50 | €52,666 | €52,666 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €746,056 | €2,289,008 | +€1.5m | +207% |
| Deferred charges and accrued income | 490/1 | €332,704 | €381,839 | +€49,135 | +14.8% |
| Total equity and liabilities | 10/49 | €15,011,609 | €18,201,437 | +€3.2m | +21.2% |
| Equity | 10/15 | €910,366 | €910,366 | = | 0.0% |
| Contributions | 10/11 | €385,406 | €385,406 | = | 0.0% |
| Reserves | 13 | €524,960 | €524,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,666 | €52,666 | = | 0.0% |
| Own shares acquired | 1312 | €52,666 | €52,666 | = | 0.0% |
| Distributable reserves | 133 | €472,293 | €472,293 | = | 0.0% |
| Amounts payable | 17/49 | €14,101,244 | €17,291,072 | +€3.2m | +22.6% |
| Amounts payable after more than one year | 17 | €2,587,628 | €2,543,196 | -€44,432 | -1.7% |
| Financial debts | 170/4 | €2,587,628 | €2,543,196 | -€44,432 | -1.7% |
| Credit institutions | 173 | €2,587,628 | €2,543,196 | -€44,432 | -1.7% |
| Amounts payable within one year | 42/48 | €10,941,246 | €14,131,527 | +€3.2m | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €330,174 | €458,315 | +€128,142 | +38.8% |
| Financial debts | 43 | €250,000 | €134,976 | -€115,024 | -46.0% |
| Credit institutions | 430/8 | €250,000 | €134,976 | -€115,024 | -46.0% |
| Trade debts | 44 | €4,673,361 | €6,331,529 | +€1.7m | +35.5% |
| Suppliers | 440/4 | €4,673,361 | €6,331,529 | +€1.7m | +35.5% |
| Advances received on contracts in progress | 46 | €31,500 | €65,031 | +€33,531 | +106% |
| Taxes, remuneration and social security | 45 | €1,192,640 | €1,351,644 | +€159,004 | +13.3% |
| Taxes | 450/3 | €447,026 | €570,436 | +€123,410 | +27.6% |
| Remuneration and social security | 454/9 | €745,614 | €781,208 | +€35,595 | +4.8% |
| Other amounts payable | 47/48 | €4,463,572 | €5,790,031 | +€1.3m | +29.7% |
| Accrued charges and deferred income | 492/3 | €572,370 | €616,349 | +€43,980 | +7.7% |
| Operating income | 70/76A | €31,067,216 | €34,232,644 | +€3.2m | +10.2% |
| Turnover | 70 | €28,743,460 | €31,464,352 | +€2.7m | +9.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €28,600 | €187,250 | +€158,650 | +555% |
| Other operating income | 74 | €2,295,156 | €2,581,043 | +€285,887 | +12.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €27,455,633 | €29,497,082 | +€2.0m | +7.4% |
| Services and other goods | 61 | €21,982,239 | €24,172,712 | +€2.2m | +10.0% |
| Remuneration, social security and pensions | 62 | €4,078,506 | €4,212,272 | +€133,766 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773,429 | €784,040 | +€10,610 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €278,987 | -€74,087 | -€353,073 | |
| Other operating charges | 640/8 | €342,472 | €402,145 | +€59,673 | +17.4% |
| Operating profit (loss) | 9901 | €3,611,583 | €4,735,562 | +€1.1m | +31.1% |
| Financial income | 75/76B | €5,922 | €20,410 | +€14,489 | +245% |
| Recurring financial income | 75 | €5,922 | €20,410 | +€14,489 | +245% |
| Income from current assets | 751 | €2,645 | €1,928 | -€717 | -27.1% |
| Other financial income | 752/9 | €3,276 | €18,482 | +€15,206 | +464% |
| Financial charges | 65/66B | €205,878 | €218,830 | +€12,951 | +6.3% |
| Recurring financial charges | 65 | €205,878 | €218,830 | +€12,951 | +6.3% |
| Debt charges | 650 | €160,262 | €175,387 | +€15,125 | +9.4% |
| Other financial charges | 652/9 | €45,616 | €43,442 | -€2,173 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €3,411,626 | €4,537,143 | +€1.1m | +33.0% |
| Income taxes | 67/77 | €127,854 | €166,776 | +€38,922 | +30.4% |
| Taxes | 670/3 | €127,854 | €166,776 | +€38,922 | +30.4% |
| Profit (loss) for the period | 9904 | €3,283,772 | €4,370,367 | +€1.1m | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,283,772 | €4,370,367 | +€1.1m | +33.1% |
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 22 October 2026 via checked.be.