NOTARISSEN MICHOEL & FLEERACKERS: what changed
What changed
NOTARISSEN MICHOEL & FLEERACKERS
NACE 69.102, Activities of notaries
filed annual accounts (NBB)
Net result for the year
€298,416
2024 · €213,044+€85,372
Equity
€111,721
2024 · €103,305+€8,416
Cash
€8.0m
2024 · €5.5m+€2.5m
Balance sheet total
€9.5m
2024 · €7.3m+€2.2m
Largest movements
Assets
- Cash +€2.5m
up €2.5m (+44.5%), from €5.5m to €8.0m
mainly Trade debts (+€2.2m) and Net result for the year (+€298,416)
- Intangible fixed assets -€265,081
down €265,081 (-16.5%), from €1.6m to €1.3m
Equity and liabilities
- Trade debts +€2.2m
up €2.2m (+45.3%), from €4.9m to €7.1m
- Debts after one year -€265,525
down €265,525 (-19.5%), from €1.4m to €1.1m
- Tax, wage and social debts +€155,485
up €155,485 (+36.3%), from €427,961 to €583,446
of which Taxes: +€147,276
Income statement
- Gross operating margin +€96,357
up €96,357 (+10.0%), from €960,905 to €1.1m
- Staff costs +€12,580
up €12,580 (+2.6%), from €483,166 to €495,746
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
€213,044
Gross operating margin
+€96,357
Staff costs
-€12,580
Depreciation
+€671
Other operating charges
-€3,819
Financial income
+€8,092
Financial charges
-€1,013
Taxes
-€2,336
Result 2025
€298,416
raises the resultlowers the result
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
+€3.0m
Investment
-€5
Financing
-€554,201
Cash 2024
€5.5m
From operations (derived)
+€3.0m
Net result for the year
+€298,416
Depreciation
+€266,239
Receivables within one year
+€13,111
Trade debts
+€2.2m
Tax, wage and social debts
+€155,485
Other debts
+€80,320
Investment (derived)
-€5
Investment in fixed assets (net)
-€5
Financing
-€554,201
Debts after one year
-€265,525
Current portion of long-term debt
+€1,324
Contributions, distributions and other
-€290,000
Cash 2025
€8.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,273,659 | €9,460,339 | +€2.2m | +30.1% |
| Fixed assets | 21/28 | €1,606,776 | €1,340,542 | -€266,234 | -16.6% |
| Intangible fixed assets | 21 | €1,604,955 | €1,339,874 | -€265,081 | -16.5% |
| Tangible fixed assets | 22/27 | €1,794 | €635 | -€1,159 | -64.6% |
| Plant, machinery and equipment | 23 | €1,794 | €635 | -€1,159 | -64.6% |
| Financial fixed assets | 28 | €28 | €33 | +€5 | +18.0% |
| Current assets | 29/58 | €5,666,882 | €8,119,797 | +€2.5m | +43.3% |
| Amounts receivable within one year | 40/41 | €123,134 | €110,023 | -€13,111 | -10.6% |
| Trade receivables | 40 | €113,980 | €102,464 | -€11,516 | -10.1% |
| Other amounts receivable | 41 | €9,153 | €7,558 | -€1,595 | -17.4% |
| Cash at bank and in hand | 54/58 | €5,543,749 | €8,009,774 | +€2.5m | +44.5% |
| Total equity and liabilities | 10/49 | €7,273,659 | €9,460,339 | +€2.2m | +30.1% |
| Equity | 10/15 | €103,305 | €111,721 | +€8,416 | +8.1% |
| Contributions | 10/11 | €90,125 | €90,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,180 | €21,596 | +€8,416 | +63.9% |
| Amounts payable | 17/49 | €7,170,353 | €9,348,617 | +€2.2m | +30.4% |
| Amounts payable after more than one year | 17 | €1,363,634 | €1,098,109 | -€265,525 | -19.5% |
| Financial debts | 170/4 | €1,363,634 | €1,098,109 | -€265,525 | -19.5% |
| Amounts payable within one year | 42/48 | €5,806,719 | €8,250,508 | +€2.4m | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €264,201 | €265,525 | +€1,324 | +0.5% |
| Trade debts | 44 | €4,876,343 | €7,083,004 | +€2.2m | +45.3% |
| Suppliers | 440/4 | €4,876,343 | €7,083,004 | +€2.2m | +45.3% |
| Taxes, remuneration and social security | 45 | €427,961 | €583,446 | +€155,485 | +36.3% |
| Taxes | 450/3 | €380,935 | €528,211 | +€147,276 | +38.7% |
| Remuneration and social security | 454/9 | €47,026 | €55,234 | +€8,208 | +17.5% |
| Other amounts payable | 47/48 | €238,213 | €318,533 | +€80,320 | +33.7% |
| Remuneration, social security and pensions | 62 | €483,166 | €495,746 | +€12,580 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,911 | €266,239 | -€671 | -0.3% |
| Other operating charges | 640/8 | €16,869 | €20,689 | +€3,819 | +22.6% |
| Gross operating margin | 9900 | €960,905 | €1,057,262 | +€96,357 | +10.0% |
| Operating profit (loss) | 9901 | €193,960 | €274,589 | +€80,629 | +41.6% |
| Financial income | 75/76B | €32,906 | €40,999 | +€8,092 | +24.6% |
| Recurring financial income | 75 | €32,906 | €40,999 | +€8,092 | +24.6% |
| Financial charges | 65/66B | €9,411 | €10,424 | +€1,013 | +10.8% |
| Recurring financial charges | 65 | €9,411 | €10,424 | +€1,013 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €217,455 | €305,164 | +€87,708 | +40.3% |
| Income taxes | 67/77 | €4,411 | €6,748 | +€2,336 | +53.0% |
| Profit (loss) for the period | 9904 | €213,044 | €298,416 | +€85,372 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €213,044 | €298,416 | +€85,372 | +40.1% |
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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 4 November 2026 via checked.be.