VFP Avocats: 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.
VFP Avocats
Largest movements
- Receivables within one year +€159,429
up €159,429 (+151%), from €105,498 to €264,927
of which Other amounts receivable: +€95,562
- Cash -€59,263
down €59,263 (-72.5%), from €81,785 to €22,522
mainly Receivables within one year (-€159,429) and Contributions, distributions and other (-€146,000)
- Other debts +€146,000
new in 2025: €146,000
- Debts after one year -€26,711
no longer reported in 2025 (was €26,711)
- Current portion of long-term debt -€26,231
down €26,231 (-49.5%), from €52,942 to €26,711
- Tax, wage and social debts +€12,709
up €12,709 (+23.8%), from €53,454 to €66,162
- Trade debts -€4,741
down €4,741 (-76.4%), from €6,204 to €1,463
- Depreciation -€37,640
down €37,640 (-94.2%), from €39,966 to €2,326
- Taxes +€12,933
up €12,933 (+35.1%), from €36,875 to €49,809
- Gross operating margin +€8,149
up €8,149 (+4.4%), from €183,869 to €192,018
- Financial income -€2,113
down €2,113 (-18.8%), from €11,259 to €9,145
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 | €229,767 | €331,422 | +€101,655 | +44.2% |
| Fixed assets | 21/28 | €7,286 | €7,936 | +€650 | +8.9% |
| Tangible fixed assets | 22/27 | €7,286 | €7,936 | +€650 | +8.9% |
| Land and buildings | 22 | €4,814 | €4,077 | -€737 | -15.3% |
| Plant, machinery and equipment | 23 | €63 | - | -€63 | |
| Furniture and vehicles | 24 | €2,409 | €3,859 | +€1,450 | +60.2% |
| Current assets | 29/58 | €222,481 | €323,486 | +€101,004 | +45.4% |
| Amounts receivable after more than one year | 29 | €33,577 | €34,081 | +€504 | +1.5% |
| Other amounts receivable | 291 | €33,577 | €34,081 | +€504 | +1.5% |
| Amounts receivable within one year | 40/41 | €105,498 | €264,927 | +€159,429 | +151% |
| Trade receivables | 40 | €11,853 | €75,720 | +€63,867 | +539% |
| Other amounts receivable | 41 | €93,645 | €189,206 | +€95,562 | +102% |
| Cash at bank and in hand | 54/58 | €81,785 | €22,522 | -€59,263 | -72.5% |
| Deferred charges and accrued income | 490/1 | €1,621 | €1,956 | +€335 | +20.6% |
| Total equity and liabilities | 10/49 | €229,767 | €331,422 | +€101,655 | +44.2% |
| Equity | 10/15 | €90,457 | €91,086 | +€629 | +0.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €70,855 | €70,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,855 | €1,855 | -€69,000 | -97.4% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €69,000 | - | -€69,000 | |
| Distributable reserves | 133 | - | €69,000 | +€69,000 | |
| Profit (loss) carried forward | 14 | €1,052 | €1,681 | +€629 | +59.8% |
| Amounts payable | 17/49 | €139,310 | €240,336 | +€101,026 | +72.5% |
| Amounts payable after more than one year | 17 | €26,711 | - | -€26,711 | |
| Financial debts | 170/4 | €26,711 | - | -€26,711 | |
| Amounts payable within one year | 42/48 | €112,599 | €240,336 | +€127,737 | +113% |
| Current portion of amounts payable after more than one year | 42 | €52,942 | €26,711 | -€26,231 | -49.5% |
| Trade debts | 44 | €6,204 | €1,463 | -€4,741 | -76.4% |
| Suppliers | 440/4 | €6,204 | €1,463 | -€4,741 | -76.4% |
| Taxes, remuneration and social security | 45 | €53,454 | €66,162 | +€12,709 | +23.8% |
| Taxes | 450/3 | €53,454 | €66,162 | +€12,709 | +23.8% |
| Other amounts payable | 47/48 | - | €146,000 | +€146,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,966 | €2,326 | -€37,640 | -94.2% |
| Other operating charges | 640/8 | €971 | €451 | -€520 | -53.6% |
| Gross operating margin | 9900 | €183,869 | €192,018 | +€8,149 | +4.4% |
| Operating profit (loss) | 9901 | €142,932 | €189,241 | +€46,309 | +32.4% |
| Financial income | 75/76B | €11,259 | €9,145 | -€2,113 | -18.8% |
| Recurring financial income | 75 | €11,259 | €9,145 | -€2,113 | -18.8% |
| Financial charges | 65/66B | €2,517 | €1,949 | -€568 | -22.6% |
| Recurring financial charges | 65 | €2,517 | €1,949 | -€568 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €151,674 | €196,438 | +€44,764 | +29.5% |
| Income taxes | 67/77 | €36,875 | €49,809 | +€12,933 | +35.1% |
| Profit (loss) for the period | 9904 | €114,798 | €146,629 | +€31,831 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,798 | €146,629 | +€31,831 | +27.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.