JEROME DENAYER AVOCAT: 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.
JEROME DENAYER AVOCAT
Largest movements
- Cash -€11,490
down €11,490 (-35.0%), from €32,788 to €21,297
mainly Investment in fixed assets (net) (-€16,153) and Contributions, distributions and other (-€10,000)
- Financial fixed assets +€10,000
new in 2025: €10,000
- Tangible fixed assets +€5,136
up €5,136 (+399%), from €1,288 to €6,424
of which Furniture and vehicles: +€3,020
- Deferred charges and accrued income +€3,442
up €3,442 (+550%), from €626 to €4,068
- Receivables within one year +€1,669
up €1,669 (+7.6%), from €21,971 to €23,640
of which Other amounts receivable: +€5,006
- Profit (loss) carried forward +€4,636
new in 2025: €4,636
- Other debts +€4,200
up €4,200 (+105%), from €4,000 to €8,200
- Tax, wage and social debts -€697
down €697 (-11.9%), from €5,841 to €5,144
- Gross operating margin -€18,838
down €18,838 (-45.5%), from €41,433 to €22,594
- Taxes -€6,507
down €6,507 (-53.9%), from €12,067 to €5,561
- Financial charges +€506
up €506 (+70.2%), from €720 to €1,226
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,672 | €65,429 | +€8,757 | +15.5% |
| Fixed assets | 21/28 | €1,288 | €16,424 | +€15,136 | +1,175% |
| Tangible fixed assets | 22/27 | €1,288 | €6,424 | +€5,136 | +399% |
| Land and buildings | 22 | - | €2,117 | +€2,117 | |
| Furniture and vehicles | 24 | €1,288 | €4,308 | +€3,020 | +234% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €55,384 | €49,005 | -€6,380 | -11.5% |
| Amounts receivable within one year | 40/41 | €21,971 | €23,640 | +€1,669 | +7.6% |
| Trade receivables | 40 | €15,362 | €12,024 | -€3,337 | -21.7% |
| Other amounts receivable | 41 | €6,609 | €11,615 | +€5,006 | +75.8% |
| Cash at bank and in hand | 54/58 | €32,788 | €21,297 | -€11,490 | -35.0% |
| Deferred charges and accrued income | 490/1 | €626 | €4,068 | +€3,442 | +550% |
| Total equity and liabilities | 10/49 | €56,672 | €65,429 | +€8,757 | +15.5% |
| Equity | 10/15 | €46,831 | €51,467 | +€4,636 | +9.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,831 | €43,831 | = | 0.0% |
| Distributable reserves | 133 | €43,831 | €43,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,636 | +€4,636 | |
| Amounts payable | 17/49 | €9,841 | €13,962 | +€4,121 | +41.9% |
| Amounts payable within one year | 42/48 | €9,841 | €13,962 | +€4,121 | +41.9% |
| Trade debts | 44 | - | €618 | +€618 | |
| Suppliers | 440/4 | - | €618 | +€618 | |
| Taxes, remuneration and social security | 45 | €5,841 | €5,144 | -€697 | -11.9% |
| Taxes | 450/3 | €5,841 | €5,144 | -€697 | -11.9% |
| Other amounts payable | 47/48 | €4,000 | €8,200 | +€4,200 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668 | €1,017 | +€349 | +52.3% |
| Other operating charges | 640/8 | €644 | €400 | -€244 | -37.9% |
| Gross operating margin | 9900 | €41,433 | €22,594 | -€18,838 | -45.5% |
| Operating profit (loss) | 9901 | €40,122 | €21,178 | -€18,944 | -47.2% |
| Financial income | 75/76B | €105 | €244 | +€139 | +132% |
| Recurring financial income | 75 | €105 | €244 | +€139 | +132% |
| Financial charges | 65/66B | €720 | €1,226 | +€506 | +70.2% |
| Recurring financial charges | 65 | €720 | €1,226 | +€506 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €39,507 | €20,196 | -€19,310 | -48.9% |
| Income taxes | 67/77 | €12,067 | €5,561 | -€6,507 | -53.9% |
| Profit (loss) for the period | 9904 | €27,439 | €14,636 | -€12,804 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,439 | €14,636 | -€12,804 | -46.7% |
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 1 November 2026 via checked.be.