VO-T: what changed
What changed
VO-T
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€43,752
2024 · €49,409-€5,656
Equity
€581,310
2024 · €736,557-€155,248
Cash
€78,847
2024 · €100,354-€21,507
Balance sheet total
€1.0m
2024 · €1.2m-€147,433
Largest movements
Assets
- Current investments -€78,586
down €78,586 (-42.8%), from €183,630 to €105,044
- Tangible fixed assets -€59,936
down €59,936 (-7.5%), from €801,094 to €741,158
of which Land and buildings: -€41,868
- Cash -€21,507
down €21,507 (-21.4%), from €100,354 to €78,847
mainly Contributions, distributions and other (-€199,000) and Receivables within one year (-€12,596)
- Receivables within one year +€12,596
up €12,596 (+54.0%), from €23,340 to €35,936
of which Trade receivables: +€24,701
Equity and liabilities
- Reserves -€155,248
down €155,248 (-21.6%), from €717,957 to €562,710
Income statement
- Gross operating margin -€21,091
down €21,091 (-14.0%), from €150,785 to €129,694
- Financial income +€9,323
up €9,323 (+235%), from €3,966 to €13,288
- Taxes -€4,915
down €4,915 (-23.9%), from €20,530 to €15,615
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
€49,409
Gross operating margin
-€21,091
Depreciation
+€1,085
Other operating charges
-€201
Other operating items
+€13
Financial income
+€9,323
Financial charges
+€300
Taxes
+€4,915
Result 2025
€43,752
raises the resultlowers the resultnot broken down further in the accounts
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
+€105,856
Investment
+€71,637
Financing
-€199,000
Cash 2024
€100,354
From operations (derived)
+€105,856
Net result for the year
+€43,752
Depreciation
+€66,885
Receivables within one year
-€12,596
Trade debts
+€1,641
Tax, wage and social debts
+€8,621
Other debts
-€888
Accrued charges and deferred income
-€1,559
Investment (derived)
+€71,637
Investment in fixed assets (net)
-€6,949
Current investments
+€78,586
Financing
-€199,000
Contributions, distributions and other
-€199,000
Cash 2025
€78,847
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182,418 | €1,034,985 | -€147,433 | -12.5% |
| Fixed assets | 21/28 | €875,094 | €815,158 | -€59,936 | -6.8% |
| Tangible fixed assets | 22/27 | €801,094 | €741,158 | -€59,936 | -7.5% |
| Land and buildings | 22 | €617,408 | €575,540 | -€41,868 | -6.8% |
| Plant, machinery and equipment | 23 | €11,940 | €8,373 | -€3,567 | -29.9% |
| Furniture and vehicles | 24 | €2,378 | €1,097 | -€1,281 | -53.9% |
| Other tangible fixed assets | 26 | €169,368 | €156,148 | -€13,220 | -7.8% |
| Financial fixed assets | 28 | €74,000 | €74,000 | = | 0.0% |
| Current assets | 29/58 | €307,324 | €219,827 | -€87,497 | -28.5% |
| Amounts receivable within one year | 40/41 | €23,340 | €35,936 | +€12,596 | +54.0% |
| Trade receivables | 40 | €2,332 | €27,033 | +€24,701 | +1,059% |
| Other amounts receivable | 41 | €21,008 | €8,903 | -€12,105 | -57.6% |
| Current investments | 50/53 | €183,630 | €105,044 | -€78,586 | -42.8% |
| Cash at bank and in hand | 54/58 | €100,354 | €78,847 | -€21,507 | -21.4% |
| Total equity and liabilities | 10/49 | €1,182,418 | €1,034,985 | -€147,433 | -12.5% |
| Equity | 10/15 | €736,557 | €581,310 | -€155,248 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €717,957 | €562,710 | -€155,248 | -21.6% |
| Distributable reserves | 133 | €717,957 | €562,710 | -€155,248 | -21.6% |
| Amounts payable | 17/49 | €445,861 | €453,676 | +€7,815 | +1.8% |
| Amounts payable after more than one year | 17 | €225,000 | €225,000 | = | 0.0% |
| Financial debts | 170/4 | €225,000 | €225,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €218,303 | €227,677 | +€9,374 | +4.3% |
| Trade debts | 44 | €4,495 | €6,136 | +€1,641 | +36.5% |
| Suppliers | 440/4 | €4,495 | €6,136 | +€1,641 | +36.5% |
| Taxes, remuneration and social security | 45 | €2,909 | €11,530 | +€8,621 | +296% |
| Taxes | 450/3 | €2,909 | €2,741 | -€169 | -5.8% |
| Remuneration and social security | 454/9 | - | €8,790 | +€8,790 | |
| Other amounts payable | 47/48 | €210,900 | €210,011 | -€888 | -0.4% |
| Accrued charges and deferred income | 492/3 | €2,557 | €998 | -€1,559 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,970 | €66,885 | -€1,085 | -1.6% |
| Other operating charges | 640/8 | €6,739 | €6,940 | +€201 | +3.0% |
| Non-recurring operating charges | 66A | €13 | - | -€13 | |
| Gross operating margin | 9900 | €150,785 | €129,694 | -€21,091 | -14.0% |
| Operating profit (loss) | 9901 | €76,063 | €55,869 | -€20,194 | -26.5% |
| Financial income | 75/76B | €3,966 | €13,288 | +€9,323 | +235% |
| Recurring financial income | 75 | €3,966 | €13,288 | +€9,323 | +235% |
| Financial charges | 65/66B | €10,090 | €9,790 | -€300 | -3.0% |
| Recurring financial charges | 65 | €10,090 | €9,790 | -€300 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €69,939 | €59,367 | -€10,572 | -15.1% |
| Income taxes | 67/77 | €20,530 | €15,615 | -€4,915 | -23.9% |
| Profit (loss) for the period | 9904 | €49,409 | €43,752 | -€5,656 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,409 | €43,752 | -€5,656 | -11.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.