David Blondeel 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.
David Blondeel Avocat
Largest movements
- Receivables within one year +€65,865
up €65,865 (+13.2%), from €498,263 to €564,129
of which Trade receivables: +€66,693
- Deferred charges and accrued income -€37,983
down €37,983 (-99.9%), from €38,035 to €52
- Tangible fixed assets -€28,575
down €28,575 (-9.2%), from €312,274 to €283,699
of which Furniture and vehicles: -€16,021
- Cash -€20,805
down €20,805 (-75.2%), from €27,656 to €6,851
mainly Contributions, distributions and other (-€552,941) and Receivables within one year (-€65,865)
- Other debts -€26,820
down €26,820 (-6.3%), from €426,974 to €400,154
- Debts after one year -€24,591
down €24,591 (-14.9%), from €164,619 to €140,029
- Tax, wage and social debts +€22,900
up €22,900 (+28.1%), from €81,382 to €104,282
- Gross operating margin -€67,645
down €67,645 (-8.0%), from €848,162 to €780,517
- Taxes -€19,226
down €19,226 (-9.4%), from €203,862 to €184,636
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 | €876,454 | €854,956 | -€21,498 | -2.5% |
| Fixed assets | 21/28 | €312,499 | €283,924 | -€28,575 | -9.1% |
| Tangible fixed assets | 22/27 | €312,274 | €283,699 | -€28,575 | -9.2% |
| Land and buildings | 22 | €218,407 | €204,338 | -€14,069 | -6.4% |
| Plant, machinery and equipment | 23 | €12,148 | €10,066 | -€2,083 | -17.1% |
| Furniture and vehicles | 24 | €69,157 | €53,136 | -€16,021 | -23.2% |
| Other tangible fixed assets | 26 | €12,562 | €16,159 | +€3,597 | +28.6% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €563,955 | €571,032 | +€7,077 | +1.3% |
| Amounts receivable within one year | 40/41 | €498,263 | €564,129 | +€65,865 | +13.2% |
| Trade receivables | 40 | €463,399 | €530,091 | +€66,693 | +14.4% |
| Other amounts receivable | 41 | €34,865 | €34,037 | -€827 | -2.4% |
| Cash at bank and in hand | 54/58 | €27,656 | €6,851 | -€20,805 | -75.2% |
| Deferred charges and accrued income | 490/1 | €38,035 | €52 | -€37,983 | -99.9% |
| Total equity and liabilities | 10/49 | €876,454 | €854,956 | -€21,498 | -2.5% |
| Equity | 10/15 | €172,286 | €170,681 | -€1,605 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,826 | €150,221 | -€1,605 | -1.1% |
| Amounts payable | 17/49 | €704,169 | €684,275 | -€19,893 | -2.8% |
| Amounts payable after more than one year | 17 | €164,619 | €140,029 | -€24,591 | -14.9% |
| Financial debts | 170/4 | €164,619 | €140,029 | -€24,591 | -14.9% |
| Amounts payable within one year | 42/48 | €539,501 | €544,246 | +€4,746 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €24,046 | €24,591 | +€544 | +2.3% |
| Trade debts | 44 | €7,099 | €15,220 | +€8,121 | +114% |
| Suppliers | 440/4 | €7,099 | €15,220 | +€8,121 | +114% |
| Taxes, remuneration and social security | 45 | €81,382 | €104,282 | +€22,900 | +28.1% |
| Taxes | 450/3 | €81,382 | €104,282 | +€22,900 | +28.1% |
| Other amounts payable | 47/48 | €426,974 | €400,154 | -€26,820 | -6.3% |
| Accrued charges and deferred income | 492/3 | €48 | €0 | -€48 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,183 | €38,859 | +€3,675 | +10.4% |
| Other operating charges | 640/8 | €1,160 | €2,412 | +€1,252 | +108% |
| Gross operating margin | 9900 | €848,162 | €780,517 | -€67,645 | -8.0% |
| Operating profit (loss) | 9901 | €811,819 | €739,247 | -€72,572 | -8.9% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €3,307 | €3,275 | -€32 | -1.0% |
| Recurring financial charges | 65 | €3,307 | €3,275 | -€32 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €808,522 | €735,972 | -€72,550 | -9.0% |
| Income taxes | 67/77 | €203,862 | €184,636 | -€19,226 | -9.4% |
| Profit (loss) for the period | 9904 | €604,661 | €551,337 | -€53,324 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €604,661 | €551,337 | -€53,324 | -8.8% |
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 31 October 2026 via checked.be.