Valvekens & Partners: what changed
What changed
Valvekens & Partners
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€42,134
2024 · €49,923-€7,789
Equity
€2.5m
2024 · €2.5m+€42,134
Cash
€336,663
2024 · €119,317+€217,346
Balance sheet total
€3.2m
2024 · €3.3m-€87,802
Largest movements
Assets
- Receivables within one year -€303,302
down €303,302 (-9.8%), from €3.1m to €2.8m
of which Trade receivables: -€302,508
- Cash +€217,346
up €217,346 (+182%), from €119,317 to €336,663
mainly Receivables within one year (+€303,302) and Other debts (+€121,698)
Equity and liabilities
- Debts after one year -€243,782
down €243,782 (-93.8%), from €260,021 to €16,239
- Other debts +€121,698
up €121,698 (+62.7%), from €194,118 to €315,816
- Reserves +€42,134
up €42,134 (+2.1%), from €2.0m to €2.0m
of which Distributable reserves: +€42,134
Income statement
- Gross operating margin -€10,339
down €10,339 (-5.6%), from €185,151 to €174,811
- Financial charges -€3,205
down €3,205 (-30.3%), from €10,586 to €7,381
- Taxes -€3,035
down €3,035 (-12.3%), from €24,682 to €21,647
- Staff costs +€2,850
up €2,850 (+3.2%), from €88,630 to €91,479
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
€49,923
Gross operating margin
-€10,339
Staff costs
-€2,850
Depreciation
+€909
Other operating charges
-€1,809
Financial income
+€60
Financial charges
+€3,205
Taxes
+€3,035
Result 2025
€42,134
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
+€466,498
Investment
-€7,934
Financing
-€241,217
Cash 2024
€119,317
From operations (derived)
+€466,498
Net result for the year
+€42,134
Depreciation
+€10,318
Receivables within one year
+€303,302
Deferred charges and accrued income
-€538
Trade debts
-€18,289
Tax, wage and social debts
+€7,872
Other debts
+€121,698
Investment (derived)
-€7,934
Investment in fixed assets (net)
-€7,934
Financing
-€241,217
Debts after one year
-€243,782
Current portion of long-term debt
+€3,027
Short-term financial debts
-€462
Cash 2025
€336,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,260,419 | €3,172,618 | -€87,802 | -2.7% |
| Fixed assets | 21/28 | €50,281 | €47,898 | -€2,383 | -4.7% |
| Tangible fixed assets | 22/27 | €49,748 | €47,365 | -€2,383 | -4.8% |
| Furniture and vehicles | 24 | €9,824 | €12,405 | +€2,582 | +26.3% |
| Other tangible fixed assets | 26 | €39,925 | €34,959 | -€4,965 | -12.4% |
| Financial fixed assets | 28 | €533 | €533 | = | 0.0% |
| Current assets | 29/58 | €3,210,138 | €3,124,720 | -€85,418 | -2.7% |
| Amounts receivable within one year | 40/41 | €3,079,325 | €2,776,023 | -€303,302 | -9.8% |
| Trade receivables | 40 | €3,077,000 | €2,774,492 | -€302,508 | -9.8% |
| Other amounts receivable | 41 | €2,325 | €1,531 | -€794 | -34.2% |
| Cash at bank and in hand | 54/58 | €119,317 | €336,663 | +€217,346 | +182% |
| Deferred charges and accrued income | 490/1 | €11,496 | €12,034 | +€538 | +4.7% |
| Total equity and liabilities | 10/49 | €3,260,419 | €3,172,618 | -€87,802 | -2.7% |
| Equity | 10/15 | €2,471,465 | €2,513,599 | +€42,134 | +1.7% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €2,000,974 | €2,043,108 | +€42,134 | +2.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000,974 | €2,043,108 | +€42,134 | +2.1% |
| Profit (loss) carried forward | 14 | €464,281 | €464,281 | = | 0.0% |
| Amounts payable | 17/49 | €788,955 | €659,019 | -€129,936 | -16.5% |
| Amounts payable after more than one year | 17 | €260,021 | €16,239 | -€243,782 | -93.8% |
| Financial debts | 170/4 | €260,021 | €16,239 | -€243,782 | -93.8% |
| Amounts payable within one year | 42/48 | €528,934 | €642,780 | +€113,847 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €240,755 | €243,782 | +€3,027 | +1.3% |
| Financial debts | 43 | €748 | €286 | -€462 | -61.7% |
| Credit institutions | 430/8 | €748 | €286 | -€462 | -61.7% |
| Trade debts | 44 | €28,369 | €10,080 | -€18,289 | -64.5% |
| Suppliers | 440/4 | €28,369 | €10,080 | -€18,289 | -64.5% |
| Taxes, remuneration and social security | 45 | €64,944 | €72,816 | +€7,872 | +12.1% |
| Taxes | 450/3 | €54,732 | €72,816 | +€18,084 | +33.0% |
| Remuneration and social security | 454/9 | €10,212 | €0 | -€10,212 | -100% |
| Other amounts payable | 47/48 | €194,118 | €315,816 | +€121,698 | +62.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €88,630 | €91,479 | +€2,850 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,226 | €10,318 | -€909 | -8.1% |
| Other operating charges | 640/8 | €607 | €2,416 | +€1,809 | +298% |
| Gross operating margin | 9900 | €185,151 | €174,811 | -€10,339 | -5.6% |
| Operating profit (loss) | 9901 | €84,687 | €70,598 | -€14,089 | -16.6% |
| Financial income | 75/76B | €504 | €563 | +€60 | +11.8% |
| Recurring financial income | 75 | €504 | €563 | +€60 | +11.8% |
| Financial charges | 65/66B | €10,586 | €7,381 | -€3,205 | -30.3% |
| Recurring financial charges | 65 | €10,586 | €7,381 | -€3,205 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €74,605 | €63,781 | -€10,824 | -14.5% |
| Income taxes | 67/77 | €24,682 | €21,647 | -€3,035 | -12.3% |
| Profit (loss) for the period | 9904 | €49,923 | €42,134 | -€7,789 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,923 | €42,134 | -€7,789 | -15.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.