NCLAW: what changed
What changed
NCLAW
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€475,941
2024 · €365,662+€110,279
Equity
€2.6m
2024 · €2.1m+€415,356
Cash
€884,391
2024 · €322,634+€561,758
Balance sheet total
€3.1m
2024 · €2.7m+€400,589
Largest movements
Assets
- Cash +€561,758
up €561,758 (+174%), from €322,634 to €884,391
mainly Net result for the year (+€475,941) and Current investments (+€123,106)
- Current investments -€123,106
down €123,106 (-13.2%), from €932,628 to €809,522
- Tangible fixed assets -€72,846
down €72,846 (-11.2%), from €652,216 to €579,370
of which Other tangible fixed assets: -€42,939
- Receivables within one year +€64,820
up €64,820 (+25.9%), from €250,157 to €314,977
of which Trade receivables: +€63,013
Equity and liabilities
- Reserves +€415,356
up €415,356 (+19.5%), from €2.1m to €2.5m
- Debts after one year -€69,615
down €69,615 (-18.8%), from €371,189 to €301,574
Income statement
- Gross operating margin +€216,314
up €216,314 (+29.0%), from €745,968 to €962,282
- Taxes +€72,973
up €72,973 (+46.8%), from €155,765 to €228,739
- Depreciation +€29,138
up €29,138 (+35.3%), from €82,495 to €111,634
- Financial income -€9,726
down €9,726 (-28.3%), from €34,389 to €24,663
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
€365,662
Gross operating margin
+€216,314
Staff costs
-€5,406
Depreciation
-€29,138
Write-downs
+€2,476
Other operating charges
+€104
Financial income
-€9,726
Financial charges
+€7,693
Taxes
-€72,973
Deferred taxes and other
+€936
Result 2025
€475,941
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
+€575,905
Investment
+€115,271
Financing
-€129,418
Cash 2024
€322,634
From operations (derived)
+€575,905
Net result for the year
+€475,941
Depreciation
+€111,634
Smaller working-capital items
-€227
Receivables within one year
-€64,820
Deferred charges and accrued income
-€1,624
Trade debts
+€13,265
Tax, wage and social debts
+€21,122
Other debts
+€20,615
Investment (derived)
+€115,271
Investment in fixed assets (net)
-€7,835
Current investments
+€123,106
Financing
-€129,418
Debts after one year
-€69,615
Current portion of long-term debt
+€781
Contributions, distributions and other
-€60,585
Cash 2025
€884,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,720,481 | €3,121,070 | +€400,589 | +14.7% |
| Fixed assets | 21/28 | €954,061 | €850,263 | -€103,798 | -10.9% |
| Intangible fixed assets | 21 | €301,755 | €270,804 | -€30,952 | -10.3% |
| Tangible fixed assets | 22/27 | €652,216 | €579,370 | -€72,846 | -11.2% |
| Land and buildings | 22 | €357,891 | €333,586 | -€24,305 | -6.8% |
| Plant, machinery and equipment | 23 | €6,821 | €2,133 | -€4,688 | -68.7% |
| Furniture and vehicles | 24 | €23,328 | €22,414 | -€914 | -3.9% |
| Other tangible fixed assets | 26 | €264,176 | €221,237 | -€42,939 | -16.3% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €1,766,420 | €2,270,807 | +€504,387 | +28.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €101,621 | €100,912 | -€709 | -0.7% |
| Contracts in progress | 37 | €101,621 | €100,912 | -€709 | -0.7% |
| Amounts receivable within one year | 40/41 | €250,157 | €314,977 | +€64,820 | +25.9% |
| Trade receivables | 40 | €237,215 | €300,227 | +€63,013 | +26.6% |
| Other amounts receivable | 41 | €12,942 | €14,750 | +€1,808 | +14.0% |
| Current investments | 50/53 | €932,628 | €809,522 | -€123,106 | -13.2% |
| Cash at bank and in hand | 54/58 | €322,634 | €884,391 | +€561,758 | +174% |
| Deferred charges and accrued income | 490/1 | €9,380 | €11,005 | +€1,624 | +17.3% |
| Total equity and liabilities | 10/49 | €2,720,481 | €3,121,070 | +€400,589 | +14.7% |
| Equity | 10/15 | €2,134,681 | €2,550,037 | +€415,356 | +19.5% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €2,128,473 | €2,543,829 | +€415,356 | +19.5% |
| Distributable reserves | 133 | €2,128,473 | €2,543,829 | +€415,356 | +19.5% |
| Provisions and deferred taxes | 16 | €936 | - | -€936 | |
| Deferred taxes | 168 | €936 | - | -€936 | |
| Amounts payable | 17/49 | €584,864 | €571,033 | -€13,832 | -2.4% |
| Amounts payable after more than one year | 17 | €371,189 | €301,574 | -€69,615 | -18.8% |
| Financial debts | 170/4 | €371,189 | €301,574 | -€69,615 | -18.8% |
| Amounts payable within one year | 42/48 | €213,675 | €269,459 | +€55,783 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €83,834 | €84,615 | +€781 | +0.9% |
| Trade debts | 44 | €93,130 | €106,395 | +€13,265 | +14.2% |
| Suppliers | 440/4 | €93,130 | €106,395 | +€13,265 | +14.2% |
| Taxes, remuneration and social security | 45 | €33,681 | €54,803 | +€21,122 | +62.7% |
| Taxes | 450/3 | €14,756 | €35,128 | +€20,373 | +138% |
| Remuneration and social security | 454/9 | €18,925 | €19,675 | +€749 | +4.0% |
| Other amounts payable | 47/48 | €3,030 | €23,645 | +€20,615 | +680% |
| Non-recurring operating income | 76A | €22,326 | - | -€22,326 | |
| Remuneration, social security and pensions | 62 | €138,296 | €143,702 | +€5,406 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,495 | €111,634 | +€29,138 | +35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,476 | -€2,476 | |
| Other operating charges | 640/8 | €14,449 | €14,345 | -€104 | -0.7% |
| Gross operating margin | 9900 | €745,968 | €962,282 | +€216,314 | +29.0% |
| Operating profit (loss) | 9901 | €510,728 | €695,078 | +€184,349 | +36.1% |
| Financial income | 75/76B | €34,389 | €24,663 | -€9,726 | -28.3% |
| Recurring financial income | 75 | €34,389 | €24,663 | -€9,726 | -28.3% |
| Financial charges | 65/66B | €23,689 | €15,997 | -€7,693 | -32.5% |
| Recurring financial charges | 65 | €23,689 | €15,997 | -€7,693 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €521,428 | €703,744 | +€182,316 | +35.0% |
| Transfer from deferred taxes | 780 | - | €936 | +€936 | |
| Income taxes | 67/77 | €155,765 | €228,739 | +€72,973 | +46.8% |
| Profit (loss) for the period | 9904 | €365,662 | €475,941 | +€110,279 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €365,662 | €475,941 | +€110,279 | +30.2% |
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 2 November 2026 via checked.be.