THOMAS BARTOS 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.
THOMAS BARTOS AVOCAT
Largest movements
- Receivables within one year -€106,457
down €106,457 (-38.9%), from €273,657 to €167,200
of which Trade receivables: -€117,625
- Cash +€16,626
up €16,626 (+66.8%), from €24,907 to €41,534
mainly Net result for the year (+€125,986) and Receivables within one year (+€106,457)
- Tangible fixed assets -€10,081
down €10,081 (-16.4%), from €61,419 to €51,338
of which Other tangible fixed assets: -€5,562
- Deferred charges and accrued income +€3,746
new in 2025: €3,746
- Other debts -€67,514
down €67,514 (-26.8%), from €252,296 to €184,782
- Profit (loss) carried forward -€24,014
down €24,014 (-47.9%), from €50,183 to €26,169
- Debts after one year -€4,841
down €4,841 (-13.9%), from €34,824 to €29,984
- Gross operating margin -€22,921
down €22,921 (-9.4%), from €242,921 to €220,000
- Taxes -€6,750
down €6,750 (-13.0%), from €52,089 to €45,339
- Depreciation +€3,580
up €3,580 (+45.8%), from €7,824 to €11,403
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 | €359,983 | €263,817 | -€96,166 | -26.7% |
| Fixed assets | 21/28 | €61,419 | €51,338 | -€10,081 | -16.4% |
| Tangible fixed assets | 22/27 | €61,419 | €51,338 | -€10,081 | -16.4% |
| Furniture and vehicles | 24 | €14,048 | €9,529 | -€4,519 | -32.2% |
| Other tangible fixed assets | 26 | €47,371 | €41,809 | -€5,562 | -11.7% |
| Current assets | 29/58 | €298,565 | €212,480 | -€86,085 | -28.8% |
| Amounts receivable within one year | 40/41 | €273,657 | €167,200 | -€106,457 | -38.9% |
| Trade receivables | 40 | €272,625 | €155,000 | -€117,625 | -43.1% |
| Other amounts receivable | 41 | €1,032 | €12,200 | +€11,168 | +1,082% |
| Cash at bank and in hand | 54/58 | €24,907 | €41,534 | +€16,626 | +66.8% |
| Deferred charges and accrued income | 490/1 | - | €3,746 | +€3,746 | |
| Total equity and liabilities | 10/49 | €359,983 | €263,817 | -€96,166 | -26.7% |
| Equity | 10/15 | €55,183 | €31,169 | -€24,014 | -43.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,183 | €26,169 | -€24,014 | -47.9% |
| Amounts payable | 17/49 | €304,800 | €232,648 | -€72,152 | -23.7% |
| Amounts payable after more than one year | 17 | €34,824 | €29,984 | -€4,841 | -13.9% |
| Financial debts | 170/4 | €34,824 | €29,984 | -€4,841 | -13.9% |
| Amounts payable within one year | 42/48 | €268,476 | €201,164 | -€67,312 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €4,700 | €4,841 | +€141 | +3.0% |
| Trade debts | 44 | €4,916 | €4,576 | -€340 | -6.9% |
| Suppliers | 440/4 | €4,916 | €4,576 | -€340 | -6.9% |
| Taxes, remuneration and social security | 45 | €6,565 | €6,966 | +€401 | +6.1% |
| Taxes | 450/3 | €2,030 | €156 | -€1,874 | -92.3% |
| Remuneration and social security | 454/9 | €4,535 | €6,810 | +€2,275 | +50.2% |
| Other amounts payable | 47/48 | €252,296 | €184,782 | -€67,514 | -26.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €33,307 | €35,173 | +€1,865 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,824 | €11,403 | +€3,580 | +45.8% |
| Other operating charges | 640/8 | €1,663 | €1,006 | -€657 | -39.5% |
| Gross operating margin | 9900 | €242,921 | €220,000 | -€22,921 | -9.4% |
| Operating profit (loss) | 9901 | €200,127 | €172,417 | -€27,709 | -13.8% |
| Financial charges | 65/66B | €1,219 | €1,092 | -€128 | -10.5% |
| Recurring financial charges | 65 | €1,219 | €1,092 | -€128 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €198,907 | €171,326 | -€27,582 | -13.9% |
| Income taxes | 67/77 | €52,089 | €45,339 | -€6,750 | -13.0% |
| Profit (loss) for the period | 9904 | €146,818 | €125,986 | -€20,832 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €146,818 | €125,986 | -€20,832 | -14.2% |
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 23 October 2026 via checked.be.