Hugues Vangindertael: what changed
What changed
Hugues Vangindertael
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
-€65,181
2024 · -€23,485-€41,695
Equity
€244,240
2024 · €305,237-€60,996
Cash
€5,367
2024 · €11,114-€5,747
Balance sheet total
€680,576
2024 · €763,174-€82,597
Largest movements
Assets
- Tangible fixed assets -€67,442
down €67,442 (-10.2%), from €663,624 to €596,182
of which Land and buildings: -€53,477
- Receivables within one year -€10,168
down €10,168 (-18.2%), from €55,777 to €45,609
of which Trade receivables: -€11,858
Equity and liabilities
- Profit (loss) carried forward -€65,181
down €65,181 (-34.4%), from €189,730 to €124,549
- Debts after one year -€34,145
down €34,145 (-23.8%), from €143,541 to €109,397
- Other debts +€11,607
up €11,607 (+4.5%), from €258,429 to €270,036
Income statement
- Gross operating margin -€20,585
down €20,585 (-39.7%), from €51,811 to €31,226
- Depreciation +€17,845
up €17,845 (+36.6%), from €48,755 to €66,600
- Financial charges +€3,441
up €3,441 (+16.6%), from €20,708 to €24,149
- Taxes -€1,929
down €1,929 (-86.4%), from €2,233 to €304
- Other operating charges +€1,754
up €1,754 (+33.6%), from €5,221 to €6,975
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
-€23,485
Gross operating margin
-€20,585
Depreciation
-€17,845
Other operating charges
-€1,754
Financial income
+€0
Financial charges
-€3,441
Taxes
+€1,929
Result 2025
-€65,181
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
+€22,598
Investment
+€842
Financing
-€29,187
Cash 2024
€11,114
From operations (derived)
+€22,598
Net result for the year
-€65,181
Depreciation
+€66,600
Receivables within one year
+€10,168
Deferred charges and accrued income
-€759
Trade debts
+€1,459
Tax, wage and social debts
-€1,296
Other debts
+€11,607
Investment (derived)
+€842
Investment in fixed assets (net)
+€842
Financing
-€29,187
Debts after one year
-€34,145
Current portion of long-term debt
+€773
Contributions, distributions and other
+€4,184
Cash 2025
€5,367
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,174 | €680,576 | -€82,597 | -10.8% |
| Fixed assets | 21/28 | €663,734 | €596,292 | -€67,442 | -10.2% |
| Tangible fixed assets | 22/27 | €663,624 | €596,182 | -€67,442 | -10.2% |
| Land and buildings | 22 | €585,887 | €532,410 | -€53,477 | -9.1% |
| Plant, machinery and equipment | 23 | €73,156 | €61,033 | -€12,123 | -16.6% |
| Furniture and vehicles | 24 | €4,581 | €2,739 | -€1,842 | -40.2% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €99,440 | €84,284 | -€15,156 | -15.2% |
| Amounts receivable after more than one year | 29 | €27,000 | €27,000 | = | 0.0% |
| Other amounts receivable | 291 | €27,000 | €27,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,777 | €45,609 | -€10,168 | -18.2% |
| Trade receivables | 40 | €53,150 | €41,291 | -€11,858 | -22.3% |
| Other amounts receivable | 41 | €2,627 | €4,318 | +€1,691 | +64.4% |
| Cash at bank and in hand | 54/58 | €11,114 | €5,367 | -€5,747 | -51.7% |
| Deferred charges and accrued income | 490/1 | €5,549 | €6,308 | +€759 | +13.7% |
| Total equity and liabilities | 10/49 | €763,174 | €680,576 | -€82,597 | -10.8% |
| Equity | 10/15 | €305,237 | €244,240 | -€60,996 | -20.0% |
| Contributions | 10/11 | €113,068 | €113,068 | = | 0.0% |
| Reserves | 13 | €2,439 | €6,624 | +€4,184 | +172% |
| Distributable reserves | 133 | €2,439 | €6,624 | +€4,184 | +172% |
| Profit (loss) carried forward | 14 | €189,730 | €124,549 | -€65,181 | -34.4% |
| Amounts payable | 17/49 | €457,937 | €436,336 | -€21,601 | -4.7% |
| Amounts payable after more than one year | 17 | €143,541 | €109,397 | -€34,145 | -23.8% |
| Financial debts | 170/4 | €143,541 | €109,397 | -€34,145 | -23.8% |
| Amounts payable within one year | 42/48 | €314,396 | €326,939 | +€12,544 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €33,371 | €34,145 | +€773 | +2.3% |
| Trade debts | 44 | €1,804 | €3,263 | +€1,459 | +80.9% |
| Suppliers | 440/4 | €1,804 | €3,263 | +€1,459 | +80.9% |
| Taxes, remuneration and social security | 45 | €20,792 | €19,495 | -€1,296 | -6.2% |
| Taxes | 450/3 | €20,792 | €19,495 | -€1,296 | -6.2% |
| Other amounts payable | 47/48 | €258,429 | €270,036 | +€11,607 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,755 | €66,600 | +€17,845 | +36.6% |
| Other operating charges | 640/8 | €5,221 | €6,975 | +€1,754 | +33.6% |
| Gross operating margin | 9900 | €51,811 | €31,226 | -€20,585 | -39.7% |
| Operating profit (loss) | 9901 | -€2,164 | -€42,348 | -€40,184 | -1,857% |
| Financial income | 75/76B | €1,620 | €1,620 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,620 | €1,620 | +€0 | 0.0% |
| Financial charges | 65/66B | €20,708 | €24,149 | +€3,441 | +16.6% |
| Recurring financial charges | 65 | €20,708 | €24,149 | +€3,441 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,253 | -€64,877 | -€43,624 | -205% |
| Income taxes | 67/77 | €2,233 | €304 | -€1,929 | -86.4% |
| Profit (loss) for the period | 9904 | -€23,485 | -€65,181 | -€41,695 | -178% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,485 | -€65,181 | -€41,695 | -178% |
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 5 November 2026 via checked.be.