SIMON VANLAETHEM, AVOCAT: 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.
SIMON VANLAETHEM, AVOCAT
Largest movements
- Receivables within one year +€30,555
up €30,555 (+417%), from €7,327 to €37,882
of which Other amounts receivable: +€21,333
- Tangible fixed assets -€5,563
down €5,563 (-32.9%), from €16,924 to €11,361
- Deferred charges and accrued income -€3,500
no longer reported in 2025 (was €3,500)
- Cash +€3,354
up €3,354 (+258%), from €1,300 to €4,654
mainly Tax, wage and social debts (+€12,800) and Net result for the year (+€9,242)
- Tax, wage and social debts +€12,800
up €12,800 (+78.0%), from €16,407 to €29,208
- Profit (loss) carried forward +€9,242
up €9,242, from -€7,723 to €1,519
- Trade debts +€7,493
up €7,493 (+423%), from €1,772 to €9,265
- Debts after one year -€5,253
down €5,253 (-45.1%), from €11,639 to €6,386
- Gross operating margin +€11,314
up €11,314 (+137%), from €8,283 to €19,597
- Taxes +€2,129
up €2,129 (+107%), from €1,987 to €4,116
- Financial income +€654
up €654 (+203%), from €322 to €975
- Other operating charges +€532
new in 2025: €532
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 | €30,152 | €54,631 | +€24,479 | +81.2% |
| Formation expenses | 20 | €1,101 | €734 | -€367 | -33.3% |
| Fixed assets | 21/28 | €16,924 | €11,361 | -€5,563 | -32.9% |
| Tangible fixed assets | 22/27 | €16,924 | €11,361 | -€5,563 | -32.9% |
| Furniture and vehicles | 24 | €16,924 | €11,361 | -€5,563 | -32.9% |
| Current assets | 29/58 | €12,127 | €42,536 | +€30,409 | +251% |
| Amounts receivable within one year | 40/41 | €7,327 | €37,882 | +€30,555 | +417% |
| Trade receivables | 40 | - | €9,222 | +€9,222 | |
| Other amounts receivable | 41 | €7,327 | €28,660 | +€21,333 | +291% |
| Cash at bank and in hand | 54/58 | €1,300 | €4,654 | +€3,354 | +258% |
| Deferred charges and accrued income | 490/1 | €3,500 | - | -€3,500 | |
| Total equity and liabilities | 10/49 | €30,152 | €54,631 | +€24,479 | +81.2% |
| Equity | 10/15 | -€4,723 | €4,519 | +€9,242 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,723 | €1,519 | +€9,242 | |
| Amounts payable | 17/49 | €34,875 | €50,112 | +€15,237 | +43.7% |
| Amounts payable after more than one year | 17 | €11,639 | €6,386 | -€5,253 | -45.1% |
| Financial debts | 170/4 | €11,639 | €6,386 | -€5,253 | -45.1% |
| Amounts payable within one year | 42/48 | €23,237 | €43,726 | +€20,489 | +88.2% |
| Current portion of amounts payable after more than one year | 42 | €5,057 | €5,253 | +€196 | +3.9% |
| Trade debts | 44 | €1,772 | €9,265 | +€7,493 | +423% |
| Suppliers | 440/4 | €1,772 | €9,265 | +€7,493 | +423% |
| Taxes, remuneration and social security | 45 | €16,407 | €29,208 | +€12,800 | +78.0% |
| Taxes | 450/3 | €16,407 | €29,208 | +€12,800 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,930 | €5,930 | = | 0.0% |
| Other operating charges | 640/8 | - | €532 | +€532 | |
| Gross operating margin | 9900 | €8,283 | €19,597 | +€11,314 | +137% |
| Operating profit (loss) | 9901 | €2,353 | €13,135 | +€10,782 | +458% |
| Financial income | 75/76B | €322 | €975 | +€654 | +203% |
| Recurring financial income | 75 | €322 | €975 | +€654 | +203% |
| Financial charges | 65/66B | €895 | €752 | -€143 | -16.0% |
| Recurring financial charges | 65 | €895 | €752 | -€143 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €1,780 | €13,358 | +€11,578 | +651% |
| Income taxes | 67/77 | €1,987 | €4,116 | +€2,129 | +107% |
| Profit (loss) for the period | 9904 | -€207 | €9,242 | +€9,449 | |
| Profit (loss) for the period to be appropriated | 9905 | -€207 | €9,242 | +€9,449 |
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 26 October 2026 via checked.be.