Nicolas DIVRY - Avocat: what changed
Nicolas DIVRY - Avocat
Largest movements
- Cash +€58,237
up €58,237 (+86.5%), from €67,344 to €125,581
mainly Net result for the year (+€75,552) and Depreciation (+€8,483)
- Intangible fixed assets -€7,856
down €7,856 (-11.1%), from €71,005 to €63,149
- Current investments +€6,000
up €6,000 (+171%), from €3,500 to €9,500
- Receivables within one year +€4,466
up €4,466 (+31.7%), from €14,109 to €18,575
- Deferred charges and accrued income +€4,000
new in 2025: €4,000
- Reserves +€75,552
up €75,552 (+110%), from €68,964 to €144,516
- Other debts -€9,690
down €9,690 (-13.9%), from €69,803 to €60,113
- Gross operating margin +€13,724
up €13,724 (+9.0%), from €152,181 to €165,905
- Staff costs +€11,170
up €11,170 (+23.1%), from €48,366 to €59,535
- Taxes -€6,720
down €6,720 (-25.9%), from €25,897 to €19,177
- Other operating charges +€1,976
up €1,976 (+340%), from €582 to €2,558
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,267 | €224,487 | +€64,220 | +40.1% |
| Fixed assets | 21/28 | €75,314 | €66,831 | -€8,483 | -11.3% |
| Intangible fixed assets | 21 | €71,005 | €63,149 | -€7,856 | -11.1% |
| Tangible fixed assets | 22/27 | €4,050 | €3,422 | -€627 | -15.5% |
| Plant, machinery and equipment | 23 | €2,856 | €2,540 | -€316 | -11.1% |
| Furniture and vehicles | 24 | €1,193 | €882 | -€311 | -26.1% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €84,953 | €157,656 | +€72,704 | +85.6% |
| Amounts receivable within one year | 40/41 | €14,109 | €18,575 | +€4,466 | +31.7% |
| Trade receivables | 40 | €14,109 | €18,575 | +€4,466 | +31.7% |
| Current investments | 50/53 | €3,500 | €9,500 | +€6,000 | +171% |
| Cash at bank and in hand | 54/58 | €67,344 | €125,581 | +€58,237 | +86.5% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €160,267 | €224,487 | +€64,220 | +40.1% |
| Equity | 10/15 | €71,464 | €147,016 | +€75,552 | +106% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €68,964 | €144,516 | +€75,552 | +110% |
| Distributable reserves | 133 | €68,964 | €144,516 | +€75,552 | +110% |
| Amounts payable | 17/49 | €88,803 | €77,472 | -€11,331 | -12.8% |
| Amounts payable within one year | 42/48 | €88,803 | €77,472 | -€11,331 | -12.8% |
| Trade debts | 44 | €2,097 | €766 | -€1,331 | -63.5% |
| Suppliers | 440/4 | €2,097 | €766 | -€1,331 | -63.5% |
| Taxes, remuneration and social security | 45 | €16,903 | €16,592 | -€310 | -1.8% |
| Taxes | 450/3 | €16,903 | €9,498 | -€7,405 | -43.8% |
| Remuneration and social security | 454/9 | - | €7,095 | +€7,095 | |
| Other amounts payable | 47/48 | €69,803 | €60,113 | -€9,690 | -13.9% |
| Remuneration, social security and pensions | 62 | €48,366 | €59,535 | +€11,170 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,159 | €8,483 | +€325 | +4.0% |
| Other operating charges | 640/8 | €582 | €2,558 | +€1,976 | +340% |
| Gross operating margin | 9900 | €152,181 | €165,905 | +€13,724 | +9.0% |
| Operating profit (loss) | 9901 | €95,074 | €95,329 | +€254 | +0.3% |
| Financial income | 75/76B | €1 | €30 | +€29 | +2,754% |
| Recurring financial income | 75 | €1 | €30 | +€29 | +2,754% |
| Financial charges | 65/66B | €214 | €630 | +€416 | +194% |
| Recurring financial charges | 65 | €214 | €630 | +€416 | +194% |
| Profit (loss) for the period before taxes | 9903 | €94,861 | €94,729 | -€133 | -0.1% |
| Income taxes | 67/77 | €25,897 | €19,177 | -€6,720 | -25.9% |
| Profit (loss) for the period | 9904 | €68,964 | €75,552 | +€6,587 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,964 | €75,552 | +€6,587 | +9.6% |
Next steps
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 4 November 2026 via checked.be.