ADVOCAAT BART BLEYAERT: 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.
ADVOCAAT BART BLEYAERT
Largest movements
- Tangible fixed assets +€171,512
up €171,512 (+541%), from €31,718 to €203,230
of which Land and buildings: +€179,479
- Cash -€9,445
down €9,445 (-76.1%), from €12,408 to €2,962
mainly Investment in fixed assets (net) (-€182,040) and Other debts (-€12,425)
- Receivables within one year +€5,362
up €5,362 (+8.5%), from €63,104 to €68,466
of which Other amounts receivable: +€8,960
- Debts after one year +€164,596
up €164,596 (+354%), from €46,479 to €211,075
- Current portion of long-term debt +€21,161
up €21,161 (+196%), from €10,802 to €31,963
- Other debts -€12,425
no longer reported in 2024 (was €12,425)
- Trade debts -€4,422
down €4,422 (-64.4%), from €6,866 to €2,443
- Financial charges +€26,658
up €26,658 (+1,216%), from €2,192 to €28,850
of which Non-recurring financial charges: +€21,845
- Depreciation -€3,513
down €3,513 (-25.0%), from €14,041 to €10,528
- Taxes -€3,155
down €3,155 (-47.9%), from €6,581 to €3,426
- Other operating charges -€1,545
down €1,545 (-52.1%), from €2,963 to €1,418
- Gross operating margin +€1,089
up €1,089 (+2.5%), from €43,090 to €44,179
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,479 | €274,658 | +€167,179 | +156% |
| Fixed assets | 21/28 | €31,718 | €203,230 | +€171,512 | +541% |
| Tangible fixed assets | 22/27 | €31,718 | €203,230 | +€171,512 | +541% |
| Land and buildings | 22 | - | €179,479 | +€179,479 | |
| Plant, machinery and equipment | 23 | €25,927 | €19,463 | -€6,464 | -24.9% |
| Furniture and vehicles | 24 | €5,790 | €4,288 | -€1,502 | -25.9% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Current assets | 29/58 | €75,761 | €71,428 | -€4,333 | -5.7% |
| Amounts receivable within one year | 40/41 | €63,104 | €68,466 | +€5,362 | +8.5% |
| Trade receivables | 40 | €50,206 | €46,608 | -€3,598 | -7.2% |
| Other amounts receivable | 41 | €12,898 | €21,858 | +€8,960 | +69.5% |
| Cash at bank and in hand | 54/58 | €12,408 | €2,962 | -€9,445 | -76.1% |
| Deferred charges and accrued income | 490/1 | €250 | - | -€250 | |
| Total equity and liabilities | 10/49 | €107,479 | €274,658 | +€167,179 | +156% |
| Equity | 10/15 | €12,664 | €13,302 | +€637 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,195 | €11,195 | = | 0.0% |
| Distributable reserves | 133 | €11,195 | €11,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,931 | -€10,294 | +€637 | +5.8% |
| Amounts payable | 17/49 | €94,814 | €261,356 | +€166,542 | +176% |
| Amounts payable after more than one year | 17 | €46,479 | €211,075 | +€164,596 | +354% |
| Financial debts | 170/4 | €46,479 | €211,075 | +€164,596 | +354% |
| Amounts payable within one year | 42/48 | €47,836 | €50,267 | +€2,431 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €10,802 | €31,963 | +€21,161 | +196% |
| Trade debts | 44 | €6,866 | €2,443 | -€4,422 | -64.4% |
| Suppliers | 440/4 | €6,866 | €2,443 | -€4,422 | -64.4% |
| Advances received on contracts in progress | 46 | €908 | - | -€908 | |
| Taxes, remuneration and social security | 45 | €16,836 | €15,861 | -€976 | -5.8% |
| Taxes | 450/3 | €16,836 | €14,911 | -€1,926 | -11.4% |
| Remuneration and social security | 454/9 | - | €950 | +€950 | |
| Other amounts payable | 47/48 | €12,425 | - | -€12,425 | |
| Accrued charges and deferred income | 492/3 | €499 | €15 | -€485 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,041 | €10,528 | -€3,513 | -25.0% |
| Other operating charges | 640/8 | €2,963 | €1,418 | -€1,545 | -52.1% |
| Gross operating margin | 9900 | €43,090 | €44,179 | +€1,089 | +2.5% |
| Operating profit (loss) | 9901 | €26,086 | €32,233 | +€6,147 | +23.6% |
| Financial income | 75/76B | €666 | €680 | +€14 | +2.1% |
| Recurring financial income | 75 | €666 | €680 | +€14 | +2.1% |
| Financial charges | 65/66B | €2,192 | €28,850 | +€26,658 | +1,216% |
| Recurring financial charges | 65 | €2,192 | €7,005 | +€4,813 | +220% |
| Non-recurring financial charges | 66B | - | €21,845 | +€21,845 | |
| Profit (loss) for the period before taxes | 9903 | €24,560 | €4,063 | -€20,497 | -83.5% |
| Income taxes | 67/77 | €6,581 | €3,426 | -€3,155 | -47.9% |
| Profit (loss) for the period | 9904 | €17,979 | €637 | -€17,342 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,979 | €637 | -€17,342 | -96.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.