NOTARIS MATHIEU VALCKE: 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.
NOTARIS MATHIEU VALCKE
Largest movements
- Cash -€38,249
down €38,249 (-28.8%), from €132,761 to €94,512
mainly Contributions, distributions and other (-€331,908) and Tax, wage and social debts (-€11,793)
- Tangible fixed assets -€3,307
down €3,307 (-28.8%), from €11,501 to €8,194
- Reserves -€189,814
down €189,814 (-96.4%), from €196,908 to €7,094
- Other debts +€165,560
new in 2025: €165,560
- Tax, wage and social debts -€11,793
down €11,793 (-65.9%), from €17,896 to €6,103
of which Taxes: -€11,793
- Trade debts -€3,903
down €3,903 (-58.6%), from €6,665 to €2,762
- Gross operating margin +€31,633
up €31,633 (+19.9%), from €159,008 to €190,640
- Taxes +€5,677
up €5,677 (+14.9%), from €38,004 to €43,681
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 | €222,469 | €182,520 | -€39,949 | -18.0% |
| Fixed assets | 21/28 | €11,501 | €8,194 | -€3,307 | -28.8% |
| Tangible fixed assets | 22/27 | €11,501 | €8,194 | -€3,307 | -28.8% |
| Furniture and vehicles | 24 | €11,501 | €8,194 | -€3,307 | -28.8% |
| Current assets | 29/58 | €210,968 | €174,326 | -€36,642 | -17.4% |
| Amounts receivable within one year | 40/41 | €78,207 | €78,997 | +€790 | +1.0% |
| Trade receivables | 40 | - | €895 | +€895 | |
| Other amounts receivable | 41 | €78,207 | €78,102 | -€105 | -0.1% |
| Cash at bank and in hand | 54/58 | €132,761 | €94,512 | -€38,249 | -28.8% |
| Deferred charges and accrued income | 490/1 | - | €817 | +€817 | |
| Total equity and liabilities | 10/49 | €222,469 | €182,520 | -€39,949 | -18.0% |
| Equity | 10/15 | €197,908 | €8,094 | -€189,814 | -95.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €196,908 | €7,094 | -€189,814 | -96.4% |
| Distributable reserves | 133 | €196,908 | €7,094 | -€189,814 | -96.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,561 | €174,426 | +€149,865 | +610% |
| Amounts payable within one year | 42/48 | €24,561 | €174,426 | +€149,865 | +610% |
| Trade debts | 44 | €6,665 | €2,762 | -€3,903 | -58.6% |
| Suppliers | 440/4 | €6,665 | €2,762 | -€3,903 | -58.6% |
| Taxes, remuneration and social security | 45 | €17,896 | €6,103 | -€11,793 | -65.9% |
| Taxes | 450/3 | €17,896 | €6,103 | -€11,793 | -65.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €165,560 | +€165,560 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,340 | €3,307 | -€33 | -1.0% |
| Other operating charges | 640/8 | €1,050 | €1,470 | +€419 | +39.9% |
| Gross operating margin | 9900 | €159,008 | €190,640 | +€31,633 | +19.9% |
| Operating profit (loss) | 9901 | €154,618 | €185,864 | +€31,246 | +20.2% |
| Financial income | 75/76B | €534 | €1,028 | +€494 | +92.6% |
| Recurring financial income | 75 | €534 | €1,028 | +€494 | +92.6% |
| Financial charges | 65/66B | €248 | €1,118 | +€870 | +351% |
| Recurring financial charges | 65 | €248 | €1,118 | +€870 | +351% |
| Profit (loss) for the period before taxes | 9903 | €154,904 | €185,775 | +€30,871 | +19.9% |
| Income taxes | 67/77 | €38,004 | €43,681 | +€5,677 | +14.9% |
| Profit (loss) for the period | 9904 | €116,900 | €142,094 | +€25,194 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,900 | €142,094 | +€25,194 | +21.6% |
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 30 October 2026 via checked.be.