LUC KEYZER ADVOCAAT: 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.
LUC KEYZER ADVOCAAT
Largest movements
- Tangible fixed assets -€10,101
down €10,101 (-58.3%), from €17,329 to €7,228
- Cash -€6,351
down €6,351 (-3.9%), from €161,929 to €155,578
mainly Tax, wage and social debts (-€12,487) and Trade debts (-€11,659)
- Tax, wage and social debts -€12,487
down €12,487 (-57.9%), from €21,562 to €9,075
- Trade debts -€11,659
down €11,659 (-53.5%), from €21,812 to €10,153
- Reserves +€9,275
up €9,275 (+4.5%), from €207,975 to €217,250
- Gross operating margin -€38,023
down €38,023 (-58.9%), from €64,600 to €26,577
- Taxes -€12,575
down €12,575 (-63.5%), from €19,800 to €7,225
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 | €258,862 | €241,581 | -€17,281 | -6.7% |
| Fixed assets | 21/28 | €17,329 | €7,228 | -€10,101 | -58.3% |
| Tangible fixed assets | 22/27 | €17,329 | €7,228 | -€10,101 | -58.3% |
| Furniture and vehicles | 24 | €17,329 | €7,228 | -€10,101 | -58.3% |
| Current assets | 29/58 | €241,533 | €234,353 | -€7,180 | -3.0% |
| Amounts receivable within one year | 40/41 | €77,350 | €76,304 | -€1,046 | -1.4% |
| Other amounts receivable | 41 | €77,350 | €76,304 | -€1,046 | -1.4% |
| Cash at bank and in hand | 54/58 | €161,929 | €155,578 | -€6,351 | -3.9% |
| Deferred charges and accrued income | 490/1 | €2,254 | €2,470 | +€217 | +9.6% |
| Total equity and liabilities | 10/49 | €258,862 | €241,581 | -€17,281 | -6.7% |
| Equity | 10/15 | €213,073 | €222,353 | +€9,280 | +4.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €207,975 | €217,250 | +€9,275 | +4.5% |
| Distributable reserves | 133 | €207,975 | €217,250 | +€9,275 | +4.5% |
| Profit (loss) carried forward | 14 | €98 | €103 | +€5 | +5.4% |
| Amounts payable | 17/49 | €45,789 | €19,228 | -€26,561 | -58.0% |
| Amounts payable within one year | 42/48 | €45,789 | €19,228 | -€26,561 | -58.0% |
| Trade debts | 44 | €21,812 | €10,153 | -€11,659 | -53.5% |
| Suppliers | 440/4 | €21,812 | €10,153 | -€11,659 | -53.5% |
| Taxes, remuneration and social security | 45 | €21,562 | €9,075 | -€12,487 | -57.9% |
| Taxes | 450/3 | €21,562 | €9,075 | -€12,487 | -57.9% |
| Other amounts payable | 47/48 | €2,415 | - | -€2,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,880 | €10,101 | +€221 | +2.2% |
| Other operating charges | 640/8 | €635 | €670 | +€35 | +5.6% |
| Gross operating margin | 9900 | €64,600 | €26,577 | -€38,023 | -58.9% |
| Operating profit (loss) | 9901 | €54,086 | €15,806 | -€38,280 | -70.8% |
| Financial income | 75/76B | €682 | €826 | +€143 | +21.0% |
| Recurring financial income | 75 | €682 | €826 | +€143 | +21.0% |
| Financial charges | 65/66B | €69 | €127 | +€58 | +83.3% |
| Recurring financial charges | 65 | €69 | €127 | +€58 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €54,699 | €16,505 | -€38,194 | -69.8% |
| Income taxes | 67/77 | €19,800 | €7,225 | -€12,575 | -63.5% |
| Profit (loss) for the period | 9904 | €34,899 | €9,280 | -€25,619 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,899 | €9,280 | -€25,619 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.