NOTARIS PATRICK TORRELLE: 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 PATRICK TORRELLE
Largest movements
- Current investments +€1.0m
up €1.0m (+200%), from €500,000 to €1.5m
- Cash -€601,873
down €601,873 (-42.0%), from €1.4m to €830,412
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€475,737)
- Tangible fixed assets -€145,838
down €145,838 (-17.9%), from €814,172 to €668,334
of which Other tangible fixed assets: -€128,608
- Receivables within one year -€35,186
down €35,186 (-18.1%), from €194,518 to €159,332
of which Trade receivables: -€28,740
- Other debts +€337,721
up €337,721 (+103%), from €326,623 to €664,344
- Reserves -€150,609
down €150,609 (-7.1%), from €2.1m to €2.0m
of which Distributable reserves: -€150,609
- Debts after one year -€81,395
down €81,395 (-34.4%), from €236,656 to €155,261
- Trade debts +€48,711
up €48,711 (+262%), from €18,568 to €67,279
- Accrued charges and deferred income +€43,411
up €43,411 (+619%), from €7,008 to €50,418
- Gross operating margin +€203,078
up €203,078 (+22.4%), from €906,381 to €1.1m
- Taxes +€46,155
up €46,155 (+45.0%), from €102,676 to €148,831
- Financial charges +€42,821
up €42,821 (+413%), from €10,356 to €53,177
- Staff costs +€12,792
up €12,792 (+2.8%), from €455,698 to €468,489
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 | €2,947,444 | €3,163,177 | +€215,733 | +7.3% |
| Fixed assets | 21/28 | €814,172 | €668,334 | -€145,838 | -17.9% |
| Tangible fixed assets | 22/27 | €814,172 | €668,334 | -€145,838 | -17.9% |
| Land and buildings | 22 | €452,002 | €439,980 | -€12,023 | -2.7% |
| Furniture and vehicles | 24 | €8,680 | €3,472 | -€5,208 | -60.0% |
| Other tangible fixed assets | 26 | €353,490 | €224,882 | -€128,608 | -36.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,133,272 | €2,494,843 | +€361,571 | +16.9% |
| Amounts receivable within one year | 40/41 | €194,518 | €159,332 | -€35,186 | -18.1% |
| Trade receivables | 40 | €103,630 | €74,890 | -€28,740 | -27.7% |
| Other amounts receivable | 41 | €90,888 | €84,442 | -€6,446 | -7.1% |
| Current investments | 50/53 | €500,000 | €1,500,000 | +€1.0m | +200% |
| Cash at bank and in hand | 54/58 | €1,432,286 | €830,412 | -€601,873 | -42.0% |
| Deferred charges and accrued income | 490/1 | €6,468 | €5,098 | -€1,370 | -21.2% |
| Total equity and liabilities | 10/49 | €2,947,444 | €3,163,177 | +€215,733 | +7.3% |
| Equity | 10/15 | €2,151,352 | €2,000,743 | -€150,609 | -7.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,132,760 | €1,982,151 | -€150,609 | -7.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €334 | €334 | = | 0.0% |
| Distributable reserves | 133 | €2,130,567 | €1,979,958 | -€150,609 | -7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €796,092 | €1,162,433 | +€366,342 | +46.0% |
| Amounts payable after more than one year | 17 | €236,656 | €155,261 | -€81,395 | -34.4% |
| Financial debts | 170/4 | €236,656 | €155,261 | -€81,395 | -34.4% |
| Amounts payable within one year | 42/48 | €552,428 | €956,754 | +€404,326 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €83,648 | €84,761 | +€1,113 | +1.3% |
| Trade debts | 44 | €18,568 | €67,279 | +€48,711 | +262% |
| Suppliers | 440/4 | €18,568 | €67,279 | +€48,711 | +262% |
| Taxes, remuneration and social security | 45 | €123,589 | €140,371 | +€16,781 | +13.6% |
| Taxes | 450/3 | €71,438 | €116,332 | +€44,894 | +62.8% |
| Remuneration and social security | 454/9 | €52,151 | €24,039 | -€28,112 | -53.9% |
| Other amounts payable | 47/48 | €326,623 | €664,344 | +€337,721 | +103% |
| Accrued charges and deferred income | 492/3 | €7,008 | €50,418 | +€43,411 | +619% |
| Remuneration, social security and pensions | 62 | €455,698 | €468,489 | +€12,792 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,220 | €145,838 | -€5,382 | -3.6% |
| Other operating charges | 640/8 | €1,767 | €1,823 | +€55 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €906,381 | €1,109,460 | +€203,078 | +22.4% |
| Operating profit (loss) | 9901 | €297,697 | €493,309 | +€195,613 | +65.7% |
| Financial income | 75/76B | €40,745 | €33,827 | -€6,918 | -17.0% |
| Recurring financial income | 75 | €40,745 | €33,827 | -€6,918 | -17.0% |
| Financial charges | 65/66B | €10,356 | €53,177 | +€42,821 | +413% |
| Recurring financial charges | 65 | €10,356 | €53,177 | +€42,821 | +413% |
| Profit (loss) for the period before taxes | 9903 | €328,085 | €473,959 | +€145,874 | +44.5% |
| Income taxes | 67/77 | €102,676 | €148,831 | +€46,155 | +45.0% |
| Profit (loss) for the period | 9904 | €225,409 | €325,128 | +€99,719 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €225,409 | €325,128 | +€99,719 | +44.2% |
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.