PracticeVantage Europe: 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.
PracticeVantage Europe
Largest movements
- Cash -€46,878
down €46,878 (-49.9%), from €93,924 to €47,046
mainly Net result for the year (-€26,117) and Tax, wage and social debts (-€15,328)
- Receivables within one year -€4,837
down €4,837 (-19.8%), from €24,447 to €19,610
of which Trade receivables: -€13,056
- Tangible fixed assets -€1,596
down €1,596 (-46.6%), from €3,426 to €1,830
- Profit (loss) carried forward -€26,117
down €26,117, from €12,399 to -€13,718
- Tax, wage and social debts -€15,328
no longer reported in 2025 (was €15,328)
of which Remuneration and social security: -€8,656
- Trade debts -€11,554
down €11,554 (-74.5%), from €15,503 to €3,950
- Gross operating margin -€43,630
down €43,630 (-61.4%), from €71,054 to €27,424
- Taxes -€3,458
down €3,458 (-92.8%), from €3,725 to €266
- Staff costs -€2,077
down €2,077 (-3.9%), from €53,640 to €51,562
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 | €134,917 | €81,918 | -€52,999 | -39.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,426 | €1,830 | -€1,596 | -46.6% |
| Tangible fixed assets | 22/27 | €3,426 | €1,830 | -€1,596 | -46.6% |
| Furniture and vehicles | 24 | €3,426 | €1,830 | -€1,596 | -46.6% |
| Current assets | 29/58 | €131,491 | €80,089 | -€51,403 | -39.1% |
| Amounts receivable after more than one year | 29 | €13,120 | €13,432 | +€313 | +2.4% |
| Other amounts receivable | 291 | €13,120 | €13,432 | +€313 | +2.4% |
| Amounts receivable within one year | 40/41 | €24,447 | €19,610 | -€4,837 | -19.8% |
| Trade receivables | 40 | €24,430 | €11,374 | -€13,056 | -53.4% |
| Other amounts receivable | 41 | €17 | €8,236 | +€8,219 | +47,896% |
| Cash at bank and in hand | 54/58 | €93,924 | €47,046 | -€46,878 | -49.9% |
| Total equity and liabilities | 10/49 | €134,917 | €81,918 | -€52,999 | -39.3% |
| Equity | 10/15 | €99,444 | €73,327 | -€26,117 | -26.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €37,045 | €37,045 | = | 0.0% |
| Distributable reserves | 133 | €37,045 | €37,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,399 | -€13,718 | -€26,117 | |
| Amounts payable | 17/49 | €35,473 | €8,591 | -€26,882 | -75.8% |
| Amounts payable within one year | 42/48 | €35,473 | €8,591 | -€26,882 | -75.8% |
| Trade debts | 44 | €15,503 | €3,950 | -€11,554 | -74.5% |
| Suppliers | 440/4 | €15,503 | €3,950 | -€11,554 | -74.5% |
| Taxes, remuneration and social security | 45 | €15,328 | - | -€15,328 | |
| Taxes | 450/3 | €6,673 | - | -€6,673 | |
| Remuneration and social security | 454/9 | €8,656 | - | -€8,656 | |
| Other amounts payable | 47/48 | €4,642 | €4,642 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,640 | €51,562 | -€2,077 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €1,596 | +€471 | +41.8% |
| Gross operating margin | 9900 | €71,054 | €27,424 | -€43,630 | -61.4% |
| Operating profit (loss) | 9901 | €16,289 | -€25,735 | -€42,024 | |
| Financial charges | 65/66B | €166 | €116 | -€50 | -30.3% |
| Recurring financial charges | 65 | €166 | €116 | -€50 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €16,123 | -€25,850 | -€41,974 | |
| Income taxes | 67/77 | €3,725 | €266 | -€3,458 | -92.8% |
| Profit (loss) for the period | 9904 | €12,399 | -€26,117 | -€38,516 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,399 | -€26,117 | -€38,516 |
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 24 October 2026 via checked.be.