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FW32: what changed

Two fiscal 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

FW32

BE 0884.861.417
NACE 69.101, Activities of lawyers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€50,616
2024 · €28,001-€78,617
Equity
€175,777
2024 · €226,392-€50,616
Cash
€76,880
2024 · €79,752-€2,871
Balance sheet total
€251,893
2024 · €294,566-€42,673

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€32,232

    down €32,232 (-27.1%), from €118,912 to €86,680

    of which Trade receivables: -€26,154

  • Tangible fixed assets -€7,456

    down €7,456 (-31.5%), from €23,692 to €16,236

    of which Furniture and vehicles: -€7,456

Equity and liabilities
  • Profit (loss) carried forward -€50,616

    down €50,616 (-54.5%), from €92,824 to €42,208

  • Tax, wage and social debts +€12,658

    up €12,658 (+67.3%), from €18,797 to €31,455

    of which Taxes: +€10,949

  • Other debts +€6,401

    up €6,401 (+47.6%), from €13,459 to €19,861

  • Trade debts -€5,730

    down €5,730 (-37.5%), from €15,275 to €9,545

  • Debts after one year -€5,581

    down €5,581 (-47.0%), from €11,868 to €6,287

Income statement
  • Gross operating margin -€87,895

    down €87,895, from €80,256 to -€7,639

  • Taxes -€11,889

    down €11,889 (-99.1%), from €11,995 to €106

  • Staff costs +€4,513

    up €4,513 (+14.8%), from €30,518 to €35,031

  • Depreciation +€1,217

    up €1,217 (+19.5%), from €6,240 to €7,456

From the 2024 result to the 2025 result

effect on the 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 €28,001
Gross operating margin -€87,895
Staff costs -€4,513
Depreciation -€1,217
Other operating charges +€370
Other operating items +€1,604
Financial income +€563
Financial charges +€582
Taxes +€11,889
Result 2025 -€50,616

Cash bridge derived

cash 2024 to 2025

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 +€2,515
Investment €0
Financing -€5,387
Cash 2024 €79,752
Net result for the year -€50,616
Depreciation +€7,456
Receivables within one year +€32,232
Deferred charges and accrued income +€114
Trade debts -€5,730
Tax, wage and social debts +€12,658
Other debts +€6,401
Debts after one year -€5,581
Current portion of long-term debt +€195
Cash 2025 €76,880
Every line side by side 46 lines
Line Code 2024 2025 Change %
Total assets 20/58 €294,566 €251,893 -€42,673 -14.5%
Fixed assets 21/28 €95,404 €87,948 -€7,456 -7.8%
Tangible fixed assets 22/27 €23,692 €16,236 -€7,456 -31.5%
Plant, machinery and equipment 23 €0 - =
Furniture and vehicles 24 €23,692 €16,236 -€7,456 -31.5%
Financial fixed assets 28 €71,712 €71,712 = 0.0%
Current assets 29/58 €199,162 €163,944 -€35,217 -17.7%
Amounts receivable within one year 40/41 €118,912 €86,680 -€32,232 -27.1%
Trade receivables 40 €49,766 €23,611 -€26,154 -52.6%
Other amounts receivable 41 €69,146 €63,068 -€6,078 -8.8%
Cash at bank and in hand 54/58 €79,752 €76,880 -€2,871 -3.6%
Deferred charges and accrued income 490/1 €498 €385 -€114 -22.8%
Total equity and liabilities 10/49 €294,566 €251,893 -€42,673 -14.5%
Equity 10/15 €226,392 €175,777 -€50,616 -22.4%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €121,169 €121,169 = 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%
Distributable reserves 133 €119,309 €119,309 = 0.0%
Profit (loss) carried forward 14 €92,824 €42,208 -€50,616 -54.5%
Amounts payable 17/49 €68,174 €76,116 +€7,942 +11.7%
Amounts payable after more than one year 17 €11,868 €6,287 -€5,581 -47.0%
Financial debts 170/4 €11,868 €6,287 -€5,581 -47.0%
Amounts payable within one year 42/48 €56,306 €69,829 +€13,524 +24.0%
Current portion of amounts payable after more than one year 42 €8,774 €8,969 +€195 +2.2%
Trade debts 44 €15,275 €9,545 -€5,730 -37.5%
Suppliers 440/4 €15,275 €9,545 -€5,730 -37.5%
Taxes, remuneration and social security 45 €18,797 €31,455 +€12,658 +67.3%
Taxes 450/3 €11,891 €22,839 +€10,949 +92.1%
Remuneration and social security 454/9 €6,907 €8,616 +€1,710 +24.8%
Other amounts payable 47/48 €13,459 €19,861 +€6,401 +47.6%
Accrued charges and deferred income 492/3 €0 - =
Remuneration, social security and pensions 62 €30,518 €35,031 +€4,513 +14.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,240 €7,456 +€1,217 +19.5%
Other operating charges 640/8 €1,416 €1,046 -€370 -26.1%
Non-recurring operating charges 66A €1,604 €0 -€1,604 -100.0%
Gross operating margin 9900 €80,256 -€7,639 -€87,895
Operating profit (loss) 9901 €40,478 -€51,173 -€91,651
Financial income 75/76B €1,203 €1,766 +€563 +46.8%
Recurring financial income 75 €1,203 €1,766 +€563 +46.8%
Financial charges 65/66B €1,686 €1,103 -€582 -34.5%
Recurring financial charges 65 €1,686 €1,103 -€582 -34.5%
Profit (loss) for the period before taxes 9903 €39,996 -€50,510 -€90,506
Income taxes 67/77 €11,995 €106 -€11,889 -99.1%
Profit (loss) for the period 9904 €28,001 -€50,616 -€78,617
Profit (loss) for the period to be appropriated 9905 €28,001 -€50,616 -€78,617

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.