Daniel ZAMARIOLA, Avocat: what changed
Daniel ZAMARIOLA, Avocat
Largest movements
- Tangible fixed assets -€12,394
down €12,394 (-13.6%), from €90,897 to €78,503
of which Furniture and vehicles: -€6,594
- Receivables within one year -€12,292
down €12,292 (-25.9%), from €47,468 to €35,175
of which Trade receivables: -€8,049
- Cash -€7,929
down €7,929 (-7.8%), from €101,503 to €93,573
mainly Contributions, distributions and other (-€152,000) and Tax, wage and social debts (-€28,756)
- Other debts +€65,602
up €65,602 (+61.7%), from €106,355 to €171,958
- Reserves -€60,000
down €60,000 (-100%), from €60,000 to €0
- Tax, wage and social debts -€28,756
down €28,756 (-65.3%), from €44,007 to €15,251
of which Taxes: -€28,794
- Debts after one year -€7,154
down €7,154 (-45.4%), from €15,747 to €8,594
- Trade debts -€2,458
down €2,458 (-66.3%), from €3,707 to €1,249
- Gross operating margin +€50,666
up €50,666 (+40.8%), from €124,183 to €174,849
- Taxes +€11,737
up €11,737 (+59.7%), from €19,651 to €31,387
- Other operating charges +€4,942
up €4,942 (+89.1%), from €5,546 to €10,489
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,001 | €209,511 | -€33,490 | -13.8% |
| Fixed assets | 21/28 | €90,897 | €78,503 | -€12,394 | -13.6% |
| Tangible fixed assets | 22/27 | €90,897 | €78,503 | -€12,394 | -13.6% |
| Plant, machinery and equipment | 23 | €43,013 | €37,213 | -€5,800 | -13.5% |
| Furniture and vehicles | 24 | €47,884 | €41,290 | -€6,594 | -13.8% |
| Current assets | 29/58 | €152,104 | €131,008 | -€21,096 | -13.9% |
| Amounts receivable within one year | 40/41 | €47,468 | €35,175 | -€12,292 | -25.9% |
| Trade receivables | 40 | €39,620 | €31,571 | -€8,049 | -20.3% |
| Other amounts receivable | 41 | €7,848 | €3,605 | -€4,243 | -54.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €101,503 | €93,573 | -€7,929 | -7.8% |
| Deferred charges and accrued income | 490/1 | €3,134 | €2,259 | -€875 | -27.9% |
| Total equity and liabilities | 10/49 | €243,001 | €209,511 | -€33,490 | -13.8% |
| Equity | 10/15 | €66,222 | €5,306 | -€60,916 | -92.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €0 | -€60,000 | -100% |
| Distributable reserves | 133 | €60,000 | €0 | -€60,000 | -100% |
| Profit (loss) carried forward | 14 | €1,222 | €306 | -€916 | -74.9% |
| Amounts payable | 17/49 | €176,779 | €204,205 | +€27,425 | +15.5% |
| Amounts payable after more than one year | 17 | €15,747 | €8,594 | -€7,154 | -45.4% |
| Financial debts | 170/4 | €15,747 | €8,594 | -€7,154 | -45.4% |
| Amounts payable within one year | 42/48 | €161,032 | €195,611 | +€34,579 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €6,963 | €7,154 | +€190 | +2.7% |
| Trade debts | 44 | €3,707 | €1,249 | -€2,458 | -66.3% |
| Suppliers | 440/4 | €3,707 | €1,249 | -€2,458 | -66.3% |
| Taxes, remuneration and social security | 45 | €44,007 | €15,251 | -€28,756 | -65.3% |
| Taxes | 450/3 | €40,166 | €11,372 | -€28,794 | -71.7% |
| Remuneration and social security | 454/9 | €3,841 | €3,879 | +€39 | +1.0% |
| Other amounts payable | 47/48 | €106,355 | €171,958 | +€65,602 | +61.7% |
| Non-recurring operating income | 76A | €1,667 | €5,000 | +€3,333 | +200% |
| Remuneration, social security and pensions | 62 | €16,938 | €17,560 | +€622 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,891 | €22,505 | +€1,613 | +7.7% |
| Other operating charges | 640/8 | €5,546 | €10,489 | +€4,942 | +89.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €124,183 | €174,849 | +€50,666 | +40.8% |
| Operating profit (loss) | 9901 | €80,807 | €124,295 | +€43,488 | +53.8% |
| Financial income | 75/76B | €764 | €30 | -€734 | -96.1% |
| Recurring financial income | 75 | €764 | €30 | -€734 | -96.1% |
| Financial charges | 65/66B | €1,432 | €1,854 | +€422 | +29.5% |
| Recurring financial charges | 65 | €1,432 | €1,854 | +€422 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €80,139 | €122,472 | +€42,332 | +52.8% |
| Income taxes | 67/77 | €19,651 | €31,387 | +€11,737 | +59.7% |
| Profit (loss) for the period | 9904 | €60,488 | €91,084 | +€30,596 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,488 | €91,084 | +€30,596 | +50.6% |
Next steps
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 8 November 2026 via checked.be.