THIERRY HUDSYN: what changed
What changed
THIERRY HUDSYN
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€145,890
2024 · €99,635+€46,255
Equity
€434,253
2024 · €419,357+€14,897
Cash
€376,444
2024 · €383,085-€6,642
Balance sheet total
€696,976
2024 · €705,384-€8,408
Largest movements
Assets
- Receivables within one year +€43,841
up €43,841 (+38.7%), from €113,381 to €157,222
of which Other amounts receivable: +€28,075
- Receivables after one year -€33,000
down €33,000 (-100%), from €33,000 to €0
- Tangible fixed assets -€9,437
down €9,437 (-6.1%), from €153,776 to €144,339
of which Land and buildings: -€5,385
Equity and liabilities
- Reserves +€14,897
up €14,897 (+3.7%), from €406,957 to €421,853
- Debts after one year -€9,573
down €9,573 (-12.6%), from €76,057 to €66,484
Income statement
- Gross operating margin +€72,435
up €72,435 (+46.5%), from €155,759 to €228,194
- Taxes +€21,962
up €21,962 (+53.9%), from €40,762 to €62,724
- Financial income -€2,624
down €2,624 (-55.9%), from €4,695 to €2,071
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
€99,635
Gross operating margin
+€72,435
Depreciation
-€43
Other operating charges
-€932
Financial income
-€2,624
Financial charges
-€618
Taxes
-€21,962
Result 2025
€145,890
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
+€146,664
Investment
-€5,739
Financing
-€147,566
Cash 2024
€383,085
From operations (derived)
+€146,664
Net result for the year
+€145,890
Depreciation
+€15,176
Receivables after one year
+€33,000
Receivables within one year
-€43,841
Deferred charges and accrued income
+€3,170
Trade debts
-€1,164
Tax, wage and social debts
-€3,951
Other debts
-€1,594
Accrued charges and deferred income
-€23
Investment (derived)
-€5,739
Investment in fixed assets (net)
-€5,739
Financing
-€147,566
Debts after one year
-€9,573
Current portion of long-term debt
-€6,932
Short-term financial debts
-€68
Contributions, distributions and other
-€130,994
Cash 2025
€376,444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,384 | €696,976 | -€8,408 | -1.2% |
| Fixed assets | 21/28 | €153,826 | €144,389 | -€9,437 | -6.1% |
| Tangible fixed assets | 22/27 | €153,776 | €144,339 | -€9,437 | -6.1% |
| Land and buildings | 22 | €142,435 | €137,050 | -€5,385 | -3.8% |
| Furniture and vehicles | 24 | €10,141 | €6,089 | -€4,052 | -40.0% |
| Other tangible fixed assets | 26 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €551,558 | €552,587 | +€1,029 | +0.2% |
| Amounts receivable after more than one year | 29 | €33,000 | €0 | -€33,000 | -100% |
| Other amounts receivable | 291 | €33,000 | €0 | -€33,000 | -100% |
| Amounts receivable within one year | 40/41 | €113,381 | €157,222 | +€43,841 | +38.7% |
| Trade receivables | 40 | €113,381 | €129,147 | +€15,766 | +13.9% |
| Other amounts receivable | 41 | €0 | €28,075 | +€28,075 | |
| Cash at bank and in hand | 54/58 | €383,085 | €376,444 | -€6,642 | -1.7% |
| Deferred charges and accrued income | 490/1 | €22,092 | €18,922 | -€3,170 | -14.3% |
| Total equity and liabilities | 10/49 | €705,384 | €696,976 | -€8,408 | -1.2% |
| Equity | 10/15 | €419,357 | €434,253 | +€14,897 | +3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €406,957 | €421,853 | +€14,897 | +3.7% |
| Distributable reserves | 133 | €406,957 | €421,853 | +€14,897 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €286,027 | €262,723 | -€23,304 | -8.1% |
| Amounts payable after more than one year | 17 | €76,057 | €66,484 | -€9,573 | -12.6% |
| Financial debts | 170/4 | €76,057 | €66,484 | -€9,573 | -12.6% |
| Amounts payable within one year | 42/48 | €209,920 | €196,211 | -€13,709 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €16,505 | €9,573 | -€6,932 | -42.0% |
| Financial debts | 43 | €68 | €0 | -€68 | -100% |
| Credit institutions | 430/8 | €68 | €0 | -€68 | -100% |
| Trade debts | 44 | €5,135 | €3,972 | -€1,164 | -22.7% |
| Suppliers | 440/4 | €5,135 | €3,972 | -€1,164 | -22.7% |
| Taxes, remuneration and social security | 45 | €55,464 | €51,513 | -€3,951 | -7.1% |
| Taxes | 450/3 | €55,464 | €51,513 | -€3,951 | -7.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,748 | €131,154 | -€1,594 | -1.2% |
| Accrued charges and deferred income | 492/3 | €51 | €28 | -€23 | -44.8% |
| Non-recurring operating income | 76A | - | €13,237 | +€13,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,133 | €15,176 | +€43 | +0.3% |
| Other operating charges | 640/8 | €1,812 | €2,744 | +€932 | +51.5% |
| Gross operating margin | 9900 | €155,759 | €228,194 | +€72,435 | +46.5% |
| Operating profit (loss) | 9901 | €138,815 | €210,273 | +€71,459 | +51.5% |
| Financial income | 75/76B | €4,695 | €2,071 | -€2,624 | -55.9% |
| Recurring financial income | 75 | €4,695 | €2,071 | -€2,624 | -55.9% |
| Financial charges | 65/66B | €3,112 | €3,730 | +€618 | +19.8% |
| Recurring financial charges | 65 | €3,112 | €3,730 | +€618 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €140,397 | €208,615 | +€68,217 | +48.6% |
| Income taxes | 67/77 | €40,762 | €62,724 | +€21,962 | +53.9% |
| Profit (loss) for the period | 9904 | €99,635 | €145,890 | +€46,255 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,635 | €145,890 | +€46,255 | +46.4% |
Next steps
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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 2 November 2026 via checked.be.