Four and Five Law: 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
Four and Five Law
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €1.7m+€585,880
Equity
€201,873
2024 · €197,095+€4,778
Cash
€2.1m
2024 · €1.2m+€883,326
Balance sheet total
€4.1m
2024 · €3.1m+€997,490
Largest movements
Assets
- Cash +€883,326
up €883,326 (+75.3%), from €1.2m to €2.1m
mainly Net result for the year (+€2.3m) and Trade debts (+€760,816)
- Receivables within one year +€121,589
up €121,589 (+8.4%), from €1.5m to €1.6m
of which Trade receivables: +€130,733
Equity and liabilities
- Trade debts +€760,816
up €760,816 (+83.9%), from €907,190 to €1.7m
- Other debts +€182,283
up €182,283 (+10.1%), from €1.8m to €2.0m
Income statement
- Gross operating margin +€616,622
up €616,622 (+28.8%), from €2.1m to €2.8m
- Staff costs +€28,710
up €28,710 (+8.7%), from €328,651 to €357,361
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
€1.7m
Gross operating margin
+€616,622
Staff costs
-€28,710
Depreciation
-€13,839
Write-downs
+€13,411
Other operating charges
-€484
Other operating items
+€2,567
Financial income
+€3,480
Financial charges
-€217
Taxes
-€6,950
Result 2025
€2.3m
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
+€3.3m
Investment
-€77,086
Financing
-€2.3m
Cash 2024
€1.2m
From operations (derived)
+€3.3m
Net result for the year
+€2.3m
Depreciation
+€75,165
Receivables within one year
-€121,589
Deferred charges and accrued income
+€9,346
Trade debts
+€760,816
Tax, wage and social debts
+€29,613
Other debts
+€182,283
Accrued charges and deferred income
+€19,999
Investment (derived)
-€77,086
Investment in fixed assets (net)
-€77,086
Financing
-€2.3m
Contributions, distributions and other
-€2.3m
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,072,126 | €4,069,616 | +€997,490 | +32.5% |
| Fixed assets | 21/28 | €377,182 | €379,104 | +€1,921 | +0.5% |
| Intangible fixed assets | 21 | €12,268 | €8,782 | -€3,486 | -28.4% |
| Tangible fixed assets | 22/27 | €295,314 | €300,331 | +€5,017 | +1.7% |
| Furniture and vehicles | 24 | €50,679 | €53,186 | +€2,507 | +4.9% |
| Other tangible fixed assets | 26 | €244,635 | €247,145 | +€2,510 | +1.0% |
| Financial fixed assets | 28 | €69,600 | €69,991 | +€390 | +0.6% |
| Current assets | 29/58 | €2,694,944 | €3,690,512 | +€995,569 | +36.9% |
| Amounts receivable within one year | 40/41 | €1,451,986 | €1,573,575 | +€121,589 | +8.4% |
| Trade receivables | 40 | €1,434,718 | €1,565,451 | +€130,733 | +9.1% |
| Other amounts receivable | 41 | €17,268 | €8,124 | -€9,144 | -53.0% |
| Cash at bank and in hand | 54/58 | €1,173,200 | €2,056,526 | +€883,326 | +75.3% |
| Deferred charges and accrued income | 490/1 | €69,758 | €60,411 | -€9,346 | -13.4% |
| Total equity and liabilities | 10/49 | €3,072,126 | €4,069,616 | +€997,490 | +32.5% |
| Equity | 10/15 | €197,095 | €201,873 | +€4,778 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,895 | €195,673 | +€4,778 | +2.5% |
| Distributable reserves | 133 | €190,895 | €195,673 | +€4,778 | +2.5% |
| Amounts payable | 17/49 | €2,875,031 | €3,867,743 | +€992,712 | +34.5% |
| Amounts payable within one year | 42/48 | €2,875,031 | €3,847,743 | +€972,713 | +33.8% |
| Trade debts | 44 | €907,190 | €1,668,007 | +€760,816 | +83.9% |
| Suppliers | 440/4 | €907,190 | €1,668,007 | +€760,816 | +83.9% |
| Taxes, remuneration and social security | 45 | €158,124 | €187,737 | +€29,613 | +18.7% |
| Taxes | 450/3 | €116,487 | €156,288 | +€39,801 | +34.2% |
| Remuneration and social security | 454/9 | €41,637 | €31,449 | -€10,188 | -24.5% |
| Other amounts payable | 47/48 | €1,809,717 | €1,992,000 | +€182,283 | +10.1% |
| Accrued charges and deferred income | 492/3 | €1 | €20,000 | +€19,999 | +3,030,203% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €328,651 | €357,361 | +€28,710 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,325 | €75,165 | +€13,839 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,249 | €10,838 | -€13,411 | -55.3% |
| Other operating charges | 640/8 | €2,979 | €3,463 | +€484 | +16.2% |
| Non-recurring operating charges | 66A | €2,567 | - | -€2,567 | |
| Gross operating margin | 9900 | €2,137,442 | €2,754,065 | +€616,622 | +28.8% |
| Operating profit (loss) | 9901 | €1,717,671 | €2,307,238 | +€589,567 | +34.3% |
| Financial income | 75/76B | €5,950 | €9,430 | +€3,480 | +58.5% |
| Recurring financial income | 75 | €5,950 | €9,430 | +€3,480 | +58.5% |
| Financial charges | 65/66B | €1,086 | €1,303 | +€217 | +20.0% |
| Recurring financial charges | 65 | €1,086 | €1,303 | +€217 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €1,722,535 | €2,315,365 | +€592,830 | +34.4% |
| Income taxes | 67/77 | €1,637 | €8,587 | +€6,950 | +424% |
| Profit (loss) for the period | 9904 | €1,720,898 | €2,306,778 | +€585,880 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,720,898 | €2,306,778 | +€585,880 | +34.0% |
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 30 October 2026 via checked.be.