VM 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.
VM Avocat
Largest movements
- Receivables within one year +€91,956
up €91,956 (+47.4%), from €194,200 to €286,157
of which Trade receivables: +€91,956
- Cash +€35,510
up €35,510 (+37.7%), from €94,285 to €129,795
mainly Other debts (+€149,426) and Net result for the year (+€139,453)
- Tangible fixed assets +€18,578
up €18,578 (+371%), from €5,013 to €23,590
- Other debts +€149,426
up €149,426 (+3,455%), from €4,325 to €153,750
- Profit (loss) carried forward -€10,547
down €10,547 (-3.6%), from €289,806 to €279,259
- Tax, wage and social debts +€9,405
up €9,405 (+103%), from €9,115 to €18,520
- Gross operating margin +€35,630
up €35,630 (+23.0%), from €154,931 to €190,561
- Taxes +€9,211
up €9,211 (+27.1%), from €33,978 to €43,190
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 | €313,485 | €461,590 | +€148,105 | +47.2% |
| Fixed assets | 21/28 | €24,450 | €43,658 | +€19,209 | +78.6% |
| Intangible fixed assets | 21 | €13,739 | €14,370 | +€631 | +4.6% |
| Tangible fixed assets | 22/27 | €5,013 | €23,590 | +€18,578 | +371% |
| Furniture and vehicles | 24 | €5,013 | €23,590 | +€18,578 | +371% |
| Financial fixed assets | 28 | €5,698 | €5,698 | = | 0.0% |
| Current assets | 29/58 | €289,035 | €417,932 | +€128,897 | +44.6% |
| Amounts receivable within one year | 40/41 | €194,200 | €286,157 | +€91,956 | +47.4% |
| Trade receivables | 40 | €188,796 | €280,752 | +€91,956 | +48.7% |
| Other amounts receivable | 41 | €5,405 | €5,405 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,285 | €129,795 | +€35,510 | +37.7% |
| Deferred charges and accrued income | 490/1 | €550 | €1,980 | +€1,430 | +260% |
| Total equity and liabilities | 10/49 | €313,485 | €461,590 | +€148,105 | +47.2% |
| Equity | 10/15 | €292,806 | €282,259 | -€10,547 | -3.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,806 | €279,259 | -€10,547 | -3.6% |
| Amounts payable | 17/49 | €20,680 | €179,331 | +€158,652 | +767% |
| Amounts payable within one year | 42/48 | €17,710 | €176,839 | +€159,129 | +899% |
| Trade debts | 44 | €4,271 | €4,568 | +€298 | +7.0% |
| Suppliers | 440/4 | €4,271 | €4,568 | +€298 | +7.0% |
| Taxes, remuneration and social security | 45 | €9,115 | €18,520 | +€9,405 | +103% |
| Taxes | 450/3 | €9,115 | €18,520 | +€9,405 | +103% |
| Other amounts payable | 47/48 | €4,325 | €153,750 | +€149,426 | +3,455% |
| Accrued charges and deferred income | 492/3 | €2,970 | €2,493 | -€477 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,221 | €5,954 | +€734 | +14.1% |
| Other operating charges | 640/8 | €835 | €1,736 | +€901 | +108% |
| Gross operating margin | 9900 | €154,931 | €190,561 | +€35,630 | +23.0% |
| Operating profit (loss) | 9901 | €148,876 | €182,871 | +€33,995 | +22.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €253 | €228 | -€24 | -9.6% |
| Recurring financial charges | 65 | €253 | €228 | -€24 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €148,623 | €182,643 | +€34,020 | +22.9% |
| Income taxes | 67/77 | €33,978 | €43,190 | +€9,211 | +27.1% |
| Profit (loss) for the period | 9904 | €114,645 | €139,453 | +€24,808 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,645 | €139,453 | +€24,808 | +21.6% |
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 14 October 2026 via checked.be.