GDS Avocats: what changed
What changed
GDS Avocats
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€151,773
2024 · €130,648+€21,125
Equity
€125,955
2024 · €161,682-€35,727
Cash
€68,345
2024 · €77,093-€8,748
Balance sheet total
€681,165
2024 · €651,068+€30,097
Largest movements
Assets
- Receivables within one year +€72,460
up €72,460 (+39.7%), from €182,742 to €255,201
of which Other amounts receivable: +€49,163
- Intangible fixed assets -€30,000
down €30,000 (-81.7%), from €36,740 to €6,740
- Cash -€8,748
down €8,748 (-11.3%), from €77,093 to €68,345
mainly Contributions, distributions and other (-€187,500) and Receivables within one year (-€72,460)
Equity and liabilities
- Other debts +€56,852
up €56,852 (+43.5%), from €130,648 to €187,500
- Reserves -€35,727
down €35,727 (-25.0%), from €143,082 to €107,355
of which Distributable reserves: -€35,727
- Short-term financial debts +€29,134
up €29,134 (+23,275%), from €125 to €29,259
- Debts after one year -€17,134
down €17,134 (-5.8%), from €293,279 to €276,145
Income statement
- Gross operating margin +€21,853
up €21,853 (+9.8%), from €221,992 to €243,845
- Taxes +€5,074
up €5,074 (+11.4%), from €44,594 to €49,668
- Financial income +€3,125
up €3,125 (+72.3%), from €4,320 to €7,445
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
€130,648
Gross operating margin
+€21,853
Depreciation
-€81
Other operating charges
+€298
Other operating items
+€902
Financial income
+€3,125
Financial charges
+€102
Taxes
-€5,074
Result 2025
€151,773
raises the resultlowers the resultnot broken down further in the accounts
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
+€177,098
Investment
-€10,671
Financing
-€175,175
Cash 2024
€77,093
From operations (derived)
+€177,098
Net result for the year
+€151,773
Depreciation
+€42,587
Receivables within one year
-€72,460
Deferred charges and accrued income
+€1,699
Trade debts
-€1,056
Tax, wage and social debts
-€368
Other debts
+€56,852
Accrued charges and deferred income
-€1,930
Investment (derived)
-€10,671
Investment in fixed assets (net)
-€10,671
Financing
-€175,175
Debts after one year
-€17,134
Current portion of long-term debt
+€325
Short-term financial debts
+€29,134
Contributions, distributions and other
-€187,500
Cash 2025
€68,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,068 | €681,165 | +€30,097 | +4.6% |
| Fixed assets | 21/28 | €379,565 | €347,649 | -€31,916 | -8.4% |
| Intangible fixed assets | 21 | €36,740 | €6,740 | -€30,000 | -81.7% |
| Tangible fixed assets | 22/27 | €342,825 | €340,909 | -€1,916 | -0.6% |
| Land and buildings | 22 | €339,365 | €336,388 | -€2,977 | -0.9% |
| Furniture and vehicles | 24 | €0 | €1,061 | +€1,061 | |
| Other tangible fixed assets | 26 | €3,460 | €3,460 | = | 0.0% |
| Current assets | 29/58 | €271,504 | €333,516 | +€62,012 | +22.8% |
| Amounts receivable within one year | 40/41 | €182,742 | €255,201 | +€72,460 | +39.7% |
| Trade receivables | 40 | €80,064 | €103,361 | +€23,297 | +29.1% |
| Other amounts receivable | 41 | €102,678 | €151,841 | +€49,163 | +47.9% |
| Cash at bank and in hand | 54/58 | €77,093 | €68,345 | -€8,748 | -11.3% |
| Deferred charges and accrued income | 490/1 | €11,669 | €9,970 | -€1,699 | -14.6% |
| Total equity and liabilities | 10/49 | €651,068 | €681,165 | +€30,097 | +4.6% |
| Equity | 10/15 | €161,682 | €125,955 | -€35,727 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,082 | €107,355 | -€35,727 | -25.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €143,082 | €107,355 | -€35,727 | -25.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €489,386 | €555,210 | +€65,823 | +13.5% |
| Amounts payable after more than one year | 17 | €293,279 | €276,145 | -€17,134 | -5.8% |
| Financial debts | 170/4 | €293,279 | €276,145 | -€17,134 | -5.8% |
| Amounts payable within one year | 42/48 | €193,808 | €278,696 | +€84,888 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €17,931 | €18,256 | +€325 | +1.8% |
| Financial debts | 43 | €125 | €29,259 | +€29,134 | +23,275% |
| Credit institutions | 430/8 | €125 | €29,259 | +€29,134 | +23,275% |
| Trade debts | 44 | €17,258 | €16,202 | -€1,056 | -6.1% |
| Suppliers | 440/4 | €17,258 | €16,202 | -€1,056 | -6.1% |
| Taxes, remuneration and social security | 45 | €27,847 | €27,479 | -€368 | -1.3% |
| Taxes | 450/3 | €25,495 | €25,120 | -€375 | -1.5% |
| Remuneration and social security | 454/9 | €2,351 | €2,358 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €130,648 | €187,500 | +€56,852 | +43.5% |
| Accrued charges and deferred income | 492/3 | €2,299 | €369 | -€1,930 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,506 | €42,587 | +€81 | +0.2% |
| Other operating charges | 640/8 | €1,842 | €1,544 | -€298 | -16.2% |
| Non-recurring operating charges | 66A | €902 | €0 | -€902 | -100% |
| Gross operating margin | 9900 | €221,992 | €243,845 | +€21,853 | +9.8% |
| Operating profit (loss) | 9901 | €176,742 | €199,714 | +€22,972 | +13.0% |
| Financial income | 75/76B | €4,320 | €7,445 | +€3,125 | +72.3% |
| Recurring financial income | 75 | €4,320 | €7,445 | +€3,125 | +72.3% |
| Financial charges | 65/66B | €5,820 | €5,717 | -€102 | -1.8% |
| Recurring financial charges | 65 | €5,820 | €5,717 | -€102 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €175,242 | €201,441 | +€26,199 | +15.0% |
| Income taxes | 67/77 | €44,594 | €49,668 | +€5,074 | +11.4% |
| Profit (loss) for the period | 9904 | €130,648 | €151,773 | +€21,125 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €130,648 | €151,773 | +€21,125 | +16.2% |
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 8 November 2026 via checked.be.