Advocaat Bart De Bock: 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 De Bock
Largest movements
- Cash -€124,374
down €124,374 (-68.0%), from €182,861 to €58,487
mainly Investment in fixed assets (net) (-€135,441) and Debts after one year (-€74,764)
- Tangible fixed assets +€93,020
up €93,020 (+14.8%), from €629,674 to €722,693
of which Other tangible fixed assets: +€112,999
- Debts after one year -€74,764
down €74,764 (-10.4%), from €720,351 to €645,587
- Profit (loss) carried forward +€73,482
up €73,482 (+25.9%), from €283,574 to €357,056
- Trade debts -€20,893
down €20,893 (-64.4%), from €32,440 to €11,547
- Depreciation -€45,359
down €45,359 (-51.7%), from €87,781 to €42,421
- Financial charges +€12,922
up €12,922 (+487%), from €2,656 to €15,578
- Gross operating margin -€10,973
down €10,973 (-6.5%), from €168,479 to €157,505
- Taxes +€6,929
up €6,929 (+35.5%), from €19,504 to €26,433
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 | €1,138,318 | €1,117,949 | -€20,369 | -1.8% |
| Fixed assets | 21/28 | €629,674 | €722,693 | +€93,020 | +14.8% |
| Tangible fixed assets | 22/27 | €629,674 | €722,693 | +€93,020 | +14.8% |
| Furniture and vehicles | 24 | €85,174 | €65,194 | -€19,980 | -23.5% |
| Other tangible fixed assets | 26 | €544,500 | €657,499 | +€112,999 | +20.8% |
| Current assets | 29/58 | €508,644 | €395,255 | -€113,389 | -22.3% |
| Amounts receivable within one year | 40/41 | €49,706 | €52,566 | +€2,860 | +5.8% |
| Trade receivables | 40 | €31,189 | €4,458 | -€26,731 | -85.7% |
| Other amounts receivable | 41 | €18,517 | €48,108 | +€29,591 | +160% |
| Current investments | 50/53 | €268,801 | €276,976 | +€8,175 | +3.0% |
| Cash at bank and in hand | 54/58 | €182,861 | €58,487 | -€124,374 | -68.0% |
| Deferred charges and accrued income | 490/1 | €7,276 | €7,226 | -€50 | -0.7% |
| Total equity and liabilities | 10/49 | €1,138,318 | €1,117,949 | -€20,369 | -1.8% |
| Equity | 10/15 | €302,174 | €375,656 | +€73,482 | +24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,574 | €357,056 | +€73,482 | +25.9% |
| Amounts payable | 17/49 | €836,144 | €742,293 | -€93,851 | -11.2% |
| Amounts payable after more than one year | 17 | €720,351 | €645,587 | -€74,764 | -10.4% |
| Financial debts | 170/4 | €720,351 | €645,587 | -€74,764 | -10.4% |
| Amounts payable within one year | 42/48 | €115,546 | €96,459 | -€19,088 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €73,107 | €74,764 | +€1,656 | +2.3% |
| Trade debts | 44 | €32,440 | €11,547 | -€20,893 | -64.4% |
| Suppliers | 440/4 | €32,440 | €11,547 | -€20,893 | -64.4% |
| Taxes, remuneration and social security | 45 | €9,999 | €10,148 | +€149 | +1.5% |
| Taxes | 450/3 | €9,999 | €10,148 | +€149 | +1.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €247 | €247 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,781 | €42,421 | -€45,359 | -51.7% |
| Other operating charges | 640/8 | €932 | €853 | -€79 | -8.5% |
| Gross operating margin | 9900 | €168,479 | €157,505 | -€10,973 | -6.5% |
| Operating profit (loss) | 9901 | €79,766 | €114,231 | +€34,465 | +43.2% |
| Financial income | 75/76B | €35 | €1,262 | +€1,226 | +3,460% |
| Recurring financial income | 75 | €35 | €1,262 | +€1,226 | +3,460% |
| Financial charges | 65/66B | €2,656 | €15,578 | +€12,922 | +487% |
| Recurring financial charges | 65 | €2,656 | €15,578 | +€12,922 | +487% |
| Profit (loss) for the period before taxes | 9903 | €77,146 | €99,915 | +€22,769 | +29.5% |
| Income taxes | 67/77 | €19,504 | €26,433 | +€6,929 | +35.5% |
| Profit (loss) for the period | 9904 | €57,642 | €73,482 | +€15,840 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,642 | €73,482 | +€15,840 | +27.5% |
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 25 October 2026 via checked.be.