Filip Van Elsen: what changed
What changed
Filip Van Elsen
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€629,087
2024 · €483,457+€145,630
Equity
€175,197
2024 · €105,457+€69,741
Cash
€625,623
2024 · €683,489-€57,866
Balance sheet total
€994,605
2024 · €1.1m-€70,476
Largest movements
Assets
- Cash -€57,866
down €57,866 (-8.5%), from €683,489 to €625,623
mainly Contributions, distributions and other (-€559,346) and Other debts (-€141,491)
Equity and liabilities
- Other debts -€141,491
down €141,491 (-15.5%), from €911,618 to €770,127
- Reserves +€69,741
up €69,741 (+81.6%), from €85,457 to €155,197
Income statement
- Gross operating margin +€180,422
up €180,422 (+25.8%), from €700,017 to €880,439
- Taxes +€49,916
up €49,916 (+29.7%), from €168,124 to €218,040
- Depreciation -€9,261
down €9,261 (-50.6%), from €18,294 to €9,034
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.
Result 2024
€483,457
Gross operating margin
+€180,422
Depreciation
+€9,261
Other operating charges
+€5,605
Financial income
-€1
Financial charges
+€260
Taxes
-€49,916
Result 2025
€629,087
raises the resultlowers the result
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.
From operations
+€507,221
Investment
-€5,740
Financing
-€559,346
Cash 2024
€683,489
From operations (derived)
+€507,221
Net result for the year
+€629,087
Depreciation
+€9,034
Receivables within one year
+€7,863
Deferred charges and accrued income
+€1,453
Trade debts
-€2,696
Tax, wage and social debts
+€3,970
Other debts
-€141,491
Investment (derived)
-€5,740
Investment in fixed assets (net)
-€5,740
Financing
-€559,346
Contributions, distributions and other
-€559,346
Cash 2025
€625,623
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,065,081 | €994,605 | -€70,476 | -6.6% |
| Fixed assets | 21/28 | €22,226 | €18,932 | -€3,294 | -14.8% |
| Tangible fixed assets | 22/27 | €22,226 | €18,932 | -€3,294 | -14.8% |
| Plant, machinery and equipment | 23 | €1,307 | €687 | -€620 | -47.4% |
| Furniture and vehicles | 24 | €8,719 | €6,045 | -€2,674 | -30.7% |
| Other tangible fixed assets | 26 | €12,200 | €12,200 | = | 0.0% |
| Current assets | 29/58 | €1,042,855 | €975,673 | -€67,182 | -6.4% |
| Amounts receivable within one year | 40/41 | €357,082 | €349,219 | -€7,863 | -2.2% |
| Trade receivables | 40 | €262,707 | €337,259 | +€74,552 | +28.4% |
| Other amounts receivable | 41 | €94,376 | €11,960 | -€82,416 | -87.3% |
| Cash at bank and in hand | 54/58 | €683,489 | €625,623 | -€57,866 | -8.5% |
| Deferred charges and accrued income | 490/1 | €2,284 | €831 | -€1,453 | -63.6% |
| Total equity and liabilities | 10/49 | €1,065,081 | €994,605 | -€70,476 | -6.6% |
| Equity | 10/15 | €105,457 | €175,197 | +€69,741 | +66.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €85,457 | €155,197 | +€69,741 | +81.6% |
| Distributable reserves | 133 | €85,457 | €155,197 | +€69,741 | +81.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €959,624 | €819,408 | -€140,216 | -14.6% |
| Amounts payable within one year | 42/48 | €959,624 | €819,408 | -€140,216 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,294 | €3,599 | -€2,696 | -42.8% |
| Suppliers | 440/4 | €6,294 | €3,599 | -€2,696 | -42.8% |
| Taxes, remuneration and social security | 45 | €41,712 | €45,683 | +€3,970 | +9.5% |
| Taxes | 450/3 | €41,712 | €45,683 | +€3,970 | +9.5% |
| Other amounts payable | 47/48 | €911,618 | €770,127 | -€141,491 | -15.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,294 | €9,034 | -€9,261 | -50.6% |
| Other operating charges | 640/8 | €29,037 | €23,432 | -€5,605 | -19.3% |
| Gross operating margin | 9900 | €700,017 | €880,439 | +€180,422 | +25.8% |
| Operating profit (loss) | 9901 | €652,686 | €847,973 | +€195,287 | +29.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.8% |
| Financial charges | 65/66B | €1,106 | €846 | -€260 | -23.5% |
| Recurring financial charges | 65 | €1,106 | €846 | -€260 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €651,581 | €847,127 | +€195,546 | +30.0% |
| Income taxes | 67/77 | €168,124 | €218,040 | +€49,916 | +29.7% |
| Profit (loss) for the period | 9904 | €483,457 | €629,087 | +€145,630 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €483,457 | €629,087 | +€145,630 | +30.1% |
Next steps
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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 3 November 2026 via checked.be.