AD 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.
AD AVOCAT
Largest movements
- Cash +€16,313
up €16,313 (+41.0%), from €39,746 to €56,059
mainly Net result for the year (+€31,390) and Total equity and liabilities (+€22,797)
- Tangible fixed assets +€3,981
new in 2025: €3,981
- Receivables within one year +€2,033
up €2,033 (+49.9%), from €4,071 to €6,104
of which Other amounts receivable: +€3,445
- Total equity and liabilities +€22,797
up €22,797 (+52.0%), from €43,817 to €66,614
of which Equity: +€31,390
- Gross operating margin +€2,989
up €2,989 (+8.1%), from €36,930 to €39,918
- Taxes -€1,701
down €1,701 (-16.6%), from €10,227 to €8,526
- Depreciation +€413
new in 2025: €413
- Financial income +€403
up €403 (+1245.6%), from €32 to €435
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.
Cash bridge derived
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 | €43,817 | €66,614 | +€22,797 | +52.0% |
| Fixed assets | 21/28 | - | €3,981 | +€3,981 | |
| Tangible fixed assets | 22/27 | - | €3,981 | +€3,981 | |
| Furniture and vehicles | 24 | - | €3,981 | +€3,981 | |
| Current assets | 29/58 | €43,817 | €62,633 | +€18,816 | +42.9% |
| Amounts receivable within one year | 40/41 | €4,071 | €6,104 | +€2,033 | +49.9% |
| Trade receivables | 40 | €1,412 | - | -€1,412 | |
| Other amounts receivable | 41 | €2,658 | €6,104 | +€3,445 | +129.6% |
| Cash at bank and in hand | 54/58 | €39,746 | €56,059 | +€16,313 | +41.0% |
| Deferred charges and accrued income | 490/1 | - | €470 | +€470 | |
| Total equity and liabilities | 10/49 | €43,817 | €66,614 | +€22,797 | +52.0% |
| Equity | 10/15 | €30,243 | €61,634 | +€31,390 | +103.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,243 | €60,634 | +€31,390 | +107.3% |
| Distributable reserves | 133 | €29,243 | €60,634 | +€31,390 | +107.3% |
| Amounts payable | 17/49 | €16,232 | €4,980 | -€11,252 | -69.3% |
| Amounts payable within one year | 42/48 | €16,232 | €4,980 | -€11,252 | -69.3% |
| Trade debts | 44 | €520 | €202 | -€319 | -61.3% |
| Suppliers | 440/4 | €520 | €202 | -€319 | -61.3% |
| Taxes, remuneration and social security | 45 | €14,272 | €4,618 | -€9,653 | -67.6% |
| Taxes | 450/3 | €14,272 | €4,618 | -€9,653 | -67.6% |
| Other amounts payable | 47/48 | €1,440 | €160 | -€1,280 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €413 | +€413 | |
| Other operating charges | 640/8 | €150 | - | -€150 | |
| Gross operating margin | 9900 | €36,930 | €39,918 | +€2,989 | +8.1% |
| Operating profit (loss) | 9901 | €36,780 | €39,505 | +€2,725 | +7.4% |
| Financial income | 75/76B | €32 | €435 | +€403 | +1245.6% |
| Recurring financial income | 75 | €32 | €435 | +€403 | +1245.6% |
| Financial charges | 65/66B | €0 | €24 | +€24 | +15700.0% |
| Recurring financial charges | 65 | €0 | €17 | +€16 | +10920.0% |
| Non-recurring financial charges | 66B | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €36,812 | €39,917 | +€3,105 | +8.4% |
| Income taxes | 67/77 | €10,227 | €8,526 | -€1,701 | -16.6% |
| Profit (loss) for the period | 9904 | €29,243 | €31,390 | +€2,147 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,243 | €31,390 | +€2,147 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.