ADVOCAAT BERT GREGOIR: 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 BERT GREGOIR
Largest movements
- Current investments +€138,175
up €138,175 (+50.1%), from €276,063 to €414,238
- Tangible fixed assets +€53,453
up €53,453 (+47.4%), from €112,729 to €166,181
of which Furniture and vehicles: +€53,022
- Receivables within one year -€17,762
down €17,762 (-7.1%), from €248,444 to €230,682
of which Trade receivables: -€32,276
- Reserves +€115,149
up €115,149 (+15.9%), from €722,981 to €838,130
- Debts after one year +€33,272
up €33,272 (+43.8%), from €75,965 to €109,236
- Tax, wage and social debts +€21,532
up €21,532 (+139%), from €15,448 to €36,980
- Current portion of long-term debt +€10,445
up €10,445 (+203%), from €5,156 to €15,601
- Financial income +€75,834
up €75,834 (+282%), from €26,859 to €102,692
- Gross operating margin +€67,458
up €67,458 (+53.0%), from €127,239 to €194,697
- Taxes +€25,169
up €25,169 (+71.7%), from €35,094 to €60,263
- Depreciation +€6,537
up €6,537 (+56.0%), from €11,664 to €18,202
- Other operating charges +€2,228
up €2,228 (+423%), from €526 to €2,754
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 | €819,550 | €1,003,459 | +€183,909 | +22.4% |
| Fixed assets | 21/28 | €115,827 | €169,280 | +€53,453 | +46.1% |
| Tangible fixed assets | 22/27 | €112,729 | €166,181 | +€53,453 | +47.4% |
| Land and buildings | 22 | €107,154 | €102,652 | -€4,502 | -4.2% |
| Plant, machinery and equipment | 23 | €2,026 | €6,958 | +€4,932 | +243% |
| Furniture and vehicles | 24 | €3,549 | €56,571 | +€53,022 | +1,494% |
| Financial fixed assets | 28 | €3,099 | €3,099 | = | 0.0% |
| Current assets | 29/58 | €703,722 | €834,179 | +€130,456 | +18.5% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €248,444 | €230,682 | -€17,762 | -7.1% |
| Trade receivables | 40 | €206,254 | €173,978 | -€32,276 | -15.6% |
| Other amounts receivable | 41 | €42,190 | €56,704 | +€14,514 | +34.4% |
| Current investments | 50/53 | €276,063 | €414,238 | +€138,175 | +50.1% |
| Cash at bank and in hand | 54/58 | €109,216 | €117,615 | +€8,400 | +7.7% |
| Deferred charges and accrued income | 490/1 | - | €1,644 | +€1,644 | |
| Total equity and liabilities | 10/49 | €819,550 | €1,003,459 | +€183,909 | +22.4% |
| Equity | 10/15 | €722,981 | €838,130 | +€115,149 | +15.9% |
| Reserves | 13 | €722,981 | €838,130 | +€115,149 | +15.9% |
| Distributable reserves | 133 | €722,981 | €838,130 | +€115,149 | +15.9% |
| Amounts payable | 17/49 | €96,569 | €165,329 | +€68,760 | +71.2% |
| Amounts payable after more than one year | 17 | €75,965 | €109,236 | +€33,272 | +43.8% |
| Financial debts | 170/4 | €75,965 | €109,236 | +€33,272 | +43.8% |
| Amounts payable within one year | 42/48 | €20,604 | €56,092 | +€35,488 | +172% |
| Current portion of amounts payable after more than one year | 42 | €5,156 | €15,601 | +€10,445 | +203% |
| Trade debts | 44 | - | €3,511 | +€3,511 | |
| Suppliers | 440/4 | - | €3,511 | +€3,511 | |
| Taxes, remuneration and social security | 45 | €15,448 | €36,980 | +€21,532 | +139% |
| Taxes | 450/3 | €15,448 | €36,980 | +€21,532 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,664 | €18,202 | +€6,537 | +56.0% |
| Other operating charges | 640/8 | €526 | €2,754 | +€2,228 | +423% |
| Gross operating margin | 9900 | €127,239 | €194,697 | +€67,458 | +53.0% |
| Operating profit (loss) | 9901 | €115,049 | €173,741 | +€58,692 | +51.0% |
| Financial income | 75/76B | €26,859 | €102,692 | +€75,834 | +282% |
| Recurring financial income | 75 | €26,859 | €102,692 | +€75,834 | +282% |
| Financial charges | 65/66B | €1,917 | €2,964 | +€1,046 | +54.6% |
| Recurring financial charges | 65 | €1,917 | €2,964 | +€1,046 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €139,990 | €273,469 | +€133,480 | +95.3% |
| Income taxes | 67/77 | €35,094 | €60,263 | +€25,169 | +71.7% |
| Profit (loss) for the period | 9904 | €104,896 | €213,207 | +€108,311 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €104,896 | €213,207 | +€108,311 | +103% |
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 30 October 2026 via checked.be.