D. Stas Advocaat: 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
D. Stas Advocaat
NACE 69.101, Activities of lawyers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€615,067
2024 · €622,028-€6,961
Equity
€4.1m
2024 · €4.0m+€55,067
Cash
€313,687
2024 · €270,368+€43,319
Balance sheet total
€6.5m
2024 · €6.1m+€323,350
Largest movements
Assets
- Tangible fixed assets +€304,917
up €304,917 (+8.3%), from €3.7m to €4.0m
of which Land and buildings: +€291,661
- Receivables within one year -€105,746
down €105,746 (-49.2%), from €214,993 to €109,247
of which Trade receivables: -€54,718
- Receivables after one year +€87,188
up €87,188 (+6.6%), from €1.3m to €1.4m
Equity and liabilities
- Other debts +€389,315
up €389,315 (+53.7%), from €724,791 to €1.1m
- Debts after one year -€229,019
down €229,019 (-26.3%), from €869,186 to €640,166
- Short-term financial debts +€137,827
new in 2025: €137,827
Income statement
- Gross operating margin -€70,185
down €70,185 (-6.7%), from €1.0m to €975,803
- Depreciation -€52,908
down €52,908 (-32.7%), from €161,794 to €108,887
- Taxes -€13,694
down €13,694 (-5.9%), from €230,819 to €217,125
- Financial charges +€11,073
up €11,073 (+17.1%), from €64,667 to €75,740
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
€622,028
Gross operating margin
-€70,185
Depreciation
+€52,908
Other operating charges
+€1,813
Financial income
+€5,882
Financial charges
-€11,073
Taxes
+€13,694
Result 2025
€615,067
Cash bridge derived
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
+€1.1m
Investment
-€413,804
Financing
-€647,164
Cash 2024
€270,368
From operations (derived)
+€1.1m
Net result for the year
+€615,067
Depreciation
+€108,887
Receivables after one year
-€87,188
Receivables within one year
+€105,746
Deferred charges and accrued income
+€6,328
Trade debts
-€34,284
Tax, wage and social debts
-€1,156
Advances received
+€9,138
Other debts
+€389,315
Accrued charges and deferred income
-€7,566
Investment (derived)
-€413,804
Investment in fixed assets (net)
-€413,804
Financing
-€647,164
Debts after one year
-€229,019
Current portion of long-term debt
+€4,028
Short-term financial debts
+€137,827
Contributions, distributions and other
-€560,000
Cash 2025
€313,687
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,142,880 | €6,466,230 | +€323,350 | +5.3% |
| Fixed assets | 21/28 | €3,674,029 | €3,978,946 | +€304,917 | +8.3% |
| Tangible fixed assets | 22/27 | €3,674,029 | €3,978,946 | +€304,917 | +8.3% |
| Land and buildings | 22 | €3,610,608 | €3,902,269 | +€291,661 | +8.1% |
| Plant, machinery and equipment | 23 | €1,302 | €8,414 | +€7,112 | +546.1% |
| Furniture and vehicles | 24 | €60,747 | €63,621 | +€2,875 | +4.7% |
| Other tangible fixed assets | 26 | €1,372 | €4,641 | +€3,269 | +238.4% |
| Current assets | 29/58 | €2,468,852 | €2,487,284 | +€18,432 | +0.7% |
| Amounts receivable after more than one year | 29 | €1,322,587 | €1,409,775 | +€87,188 | +6.6% |
| Other amounts receivable | 291 | €1,322,587 | €1,409,775 | +€87,188 | +6.6% |
| Amounts receivable within one year | 40/41 | €214,993 | €109,247 | -€105,746 | -49.2% |
| Trade receivables | 40 | €76,291 | €21,573 | -€54,718 | -71.7% |
| Other amounts receivable | 41 | €138,702 | €87,674 | -€51,028 | -36.8% |
| Current investments | 50/53 | €600,000 | €600,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €270,368 | €313,687 | +€43,319 | +16.0% |
| Deferred charges and accrued income | 490/1 | €60,904 | €54,576 | -€6,328 | -10.4% |
| Total equity and liabilities | 10/49 | €6,142,880 | €6,466,230 | +€323,350 | +5.3% |
| Equity | 10/15 | €4,045,717 | €4,100,785 | +€55,067 | +1.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €4,015,717 | €4,070,785 | +€55,067 | +1.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,305,100 | €1,305,100 | = | 0.0% |
| Distributable reserves | 133 | €2,707,617 | €2,762,685 | +€55,067 | +2.0% |
| Amounts payable | 17/49 | €2,097,163 | €2,365,445 | +€268,282 | +12.8% |
| Amounts payable after more than one year | 17 | €869,186 | €640,166 | -€229,019 | -26.3% |
| Financial debts | 170/4 | €869,186 | €640,166 | -€229,019 | -26.3% |
| Amounts payable within one year | 42/48 | €1,145,848 | €1,650,716 | +€504,868 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €333,697 | €337,725 | +€4,028 | +1.2% |
| Financial debts | 43 | - | €137,827 | +€137,827 | |
| Credit institutions | 430/8 | - | €137,827 | +€137,827 | |
| Trade debts | 44 | €78,872 | €44,588 | -€34,284 | -43.5% |
| Suppliers | 440/4 | €78,872 | €44,588 | -€34,284 | -43.5% |
| Advances received on contracts in progress | 46 | - | €9,138 | +€9,138 | |
| Taxes, remuneration and social security | 45 | €8,488 | €7,333 | -€1,156 | -13.6% |
| Taxes | 450/3 | €6,310 | €4,917 | -€1,392 | -22.1% |
| Remuneration and social security | 454/9 | €2,179 | €2,415 | +€237 | +10.9% |
| Other amounts payable | 47/48 | €724,791 | €1,114,106 | +€389,315 | +53.7% |
| Accrued charges and deferred income | 492/3 | €82,129 | €74,563 | -€7,566 | -9.2% |
| Non-recurring operating income | 76A | €20,819 | - | -€20,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,794 | €108,887 | -€52,908 | -32.7% |
| Other operating charges | 640/8 | €15,443 | €13,630 | -€1,813 | -11.7% |
| Gross operating margin | 9900 | €1,045,989 | €975,803 | -€70,185 | -6.7% |
| Operating profit (loss) | 9901 | €868,751 | €853,287 | -€15,464 | -1.8% |
| Financial income | 75/76B | €48,763 | €54,646 | +€5,882 | +12.1% |
| Recurring financial income | 75 | €48,763 | €54,646 | +€5,882 | +12.1% |
| Financial charges | 65/66B | €64,667 | €75,740 | +€11,073 | +17.1% |
| Recurring financial charges | 65 | €64,667 | €75,740 | +€11,073 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €852,847 | €832,192 | -€20,655 | -2.4% |
| Income taxes | 67/77 | €230,819 | €217,125 | -€13,694 | -5.9% |
| Profit (loss) for the period | 9904 | €622,028 | €615,067 | -€6,961 | -1.1% |
| Transfer from tax-exempt reserves | 789 | €224,280 | - | -€224,280 | |
| Transfer to tax-exempt reserves | 689 | €404,581 | - | -€404,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €441,727 | €615,067 | +€173,340 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.