GERARD.LAW: what changed
What changed
GERARD.LAW
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€125,930
2024 · €21,707+€104,223
Equity
€967,818
2024 · €1.2m-€224,070
Cash
€694,424
2024 · €692,900+€1,524
Balance sheet total
€1.9m
2024 · €1.9m-€11,498
Largest movements
Assets
- Tangible fixed assets -€25,246
down €25,246 (-2.3%), from €1.1m to €1.1m
of which Plant, machinery and equipment: -€32,695
- Current investments +€22,586
up €22,586 (+181%), from €12,469 to €35,055
Equity and liabilities
- Other debts +€350,042
up €350,042 (+2,901%), from €12,067 to €362,109
- Profit (loss) carried forward -€224,070
down €224,070 (-19.0%), from €1.2m to €953,558
- Trade debts -€134,292
down €134,292 (-98.7%), from €136,127 to €1,835
- Debts after one year -€39,499
down €39,499 (-8.1%), from €485,760 to €446,261
- Tax, wage and social debts +€35,377
up €35,377 (+69.7%), from €50,743 to €86,120
of which Taxes: +€35,377
Income statement
- Gross operating margin +€138,109
up €138,109 (+56.1%), from €246,182 to €384,290
- Taxes +€30,419
up €30,419 (+304%), from €10,006 to €40,425
- Financial income -€19,642
down €19,642 (-82.0%), from €23,939 to €4,297
- Other operating charges -€14,582
down €14,582 (-59.9%), from €24,354 to €9,772
- Depreciation -€12,937
down €12,937 (-20.5%), from €63,041 to €50,104
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
€21,707
Gross operating margin
+€138,109
Staff costs
+€35
Depreciation
+€12,937
Other operating charges
+€14,582
Financial income
-€19,642
Financial charges
-€11,379
Taxes
-€30,419
Result 2025
€125,930
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
+€434,123
Investment
-€44,044
Financing
-€388,555
Cash 2024
€692,900
From operations (derived)
+€434,123
Net result for the year
+€125,930
Depreciation
+€50,104
Receivables within one year
+€7,444
Deferred charges and accrued income
-€482
Trade debts
-€134,292
Tax, wage and social debts
+€35,377
Other debts
+€350,042
Investment (derived)
-€44,044
Investment in fixed assets (net)
-€21,458
Current investments
-€22,586
Financing
-€388,555
Debts after one year
-€39,499
Current portion of long-term debt
+€944
Contributions, distributions and other
-€350,000
Cash 2025
€694,424
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,915,141 | €1,903,643 | -€11,498 | -0.6% |
| Fixed assets | 21/28 | €1,097,173 | €1,068,528 | -€28,646 | -2.6% |
| Tangible fixed assets | 22/27 | €1,093,175 | €1,067,930 | -€25,246 | -2.3% |
| Land and buildings | 22 | €452,960 | €438,040 | -€14,920 | -3.3% |
| Plant, machinery and equipment | 23 | €182,315 | €149,621 | -€32,695 | -17.9% |
| Furniture and vehicles | 24 | €16,938 | €4,492 | -€12,447 | -73.5% |
| Assets under construction and advance payments | 27 | €440,962 | €475,777 | +€34,816 | +7.9% |
| Financial fixed assets | 28 | €3,998 | €598 | -€3,400 | -85.0% |
| Current assets | 29/58 | €817,968 | €835,116 | +€17,148 | +2.1% |
| Amounts receivable after more than one year | 29 | €78,431 | €78,431 | = | 0.0% |
| Other amounts receivable | 291 | €78,431 | €78,431 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,332 | €23,888 | -€7,444 | -23.8% |
| Trade receivables | 40 | €29,721 | €23,217 | -€6,504 | -21.9% |
| Other amounts receivable | 41 | €1,611 | €671 | -€940 | -58.3% |
| Current investments | 50/53 | €12,469 | €35,055 | +€22,586 | +181% |
| Cash at bank and in hand | 54/58 | €692,900 | €694,424 | +€1,524 | +0.2% |
| Deferred charges and accrued income | 490/1 | €2,836 | €3,318 | +€482 | +17.0% |
| Total equity and liabilities | 10/49 | €1,915,141 | €1,903,643 | -€11,498 | -0.6% |
| Equity | 10/15 | €1,191,888 | €967,818 | -€224,070 | -18.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,177,628 | €953,558 | -€224,070 | -19.0% |
| Amounts payable | 17/49 | €723,253 | €935,825 | +€212,572 | +29.4% |
| Amounts payable after more than one year | 17 | €485,760 | €446,261 | -€39,499 | -8.1% |
| Financial debts | 170/4 | €485,760 | €446,261 | -€39,499 | -8.1% |
| Amounts payable within one year | 42/48 | €237,493 | €489,564 | +€252,071 | +106% |
| Current portion of amounts payable after more than one year | 42 | €38,555 | €39,499 | +€944 | +2.4% |
| Trade debts | 44 | €136,127 | €1,835 | -€134,292 | -98.7% |
| Suppliers | 440/4 | €136,127 | €1,835 | -€134,292 | -98.7% |
| Taxes, remuneration and social security | 45 | €50,743 | €86,120 | +€35,377 | +69.7% |
| Taxes | 450/3 | €43,745 | €79,122 | +€35,377 | +80.9% |
| Remuneration and social security | 454/9 | €6,998 | €6,998 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €12,067 | €362,109 | +€350,042 | +2,901% |
| Remuneration, social security and pensions | 62 | €42,234 | €42,199 | -€35 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,041 | €50,104 | -€12,937 | -20.5% |
| Other operating charges | 640/8 | €24,354 | €9,772 | -€14,582 | -59.9% |
| Gross operating margin | 9900 | €246,182 | €384,290 | +€138,109 | +56.1% |
| Operating profit (loss) | 9901 | €116,553 | €282,216 | +€165,663 | +142% |
| Financial income | 75/76B | €23,939 | €4,297 | -€19,642 | -82.0% |
| Recurring financial income | 75 | €23,939 | €4,297 | -€19,642 | -82.0% |
| Financial charges | 65/66B | €108,778 | €120,158 | +€11,379 | +10.5% |
| Recurring financial charges | 65 | €108,778 | €120,158 | +€11,379 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €31,713 | €166,355 | +€134,642 | +425% |
| Income taxes | 67/77 | €10,006 | €40,425 | +€30,419 | +304% |
| Profit (loss) for the period | 9904 | €21,707 | €125,930 | +€104,223 | +480% |
| Profit (loss) for the period to be appropriated | 9905 | €21,707 | €125,930 | +€104,223 | +480% |
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.